RBL Bank expects dip in new credit cards, spends in FY21
Usually, banks have a lower reliance on the credit cards segment for their advances because it is an unsecured product, but it's segmental head Harjeet Toor said the bank has been using a slew of analytics capabilities to grow in the category without increasing its delinquencies. In FY21, the bank expects to sell only over 5 lakh credit cards as against the 13 lakh earlier.
Karnataka Bank Q4 net falls 56% to Rs 27 cr on higher provisioning
Sequentially, net profit in the three months to March declined significant...
Lockdown: 72% of outstanding bank credit in red zones, says report
Nearly 72% outstanding bank credit and 62% deposits are in the red zone di...
Quality bank stocks trading at nervous levels due to fear of NPAs: Deven R Choksey
‘Recovery of dues could be better if MSMEs receives proper stimulus package’
Banking lobby group proposes bad bank with two-tier structure
Banks may shift up to Rs. 70,000 crores of bad loans at a value net off the regulator determined provisions and would review the stressed accounts post the lifting of moratorium and could decide to shift more assets with additional capital from the government, said the IBA proposals.
Private banks increase provisions, but will it be enough?
Private banks have increased its provision coverage ratio (PCR) in the quarter ended March.
SBI, other large lenders revive bad bank proposal
State Bank of India, ICICI and some lenders are trying to resurrect the ‘bad bank’ plan.
PSB NPAs likely to rise 2-4% points; may push govt to recapitalise via RBI reserves, bonds: Report
The recap bonds is a tried and tested instrument which has helped the banks in the past.
Banking sector eyes better days on reforms, bad loan resolution
The government unveiled measures over the past few months aimed at improving liquidity in the system.
ED files charge sheet against Rana Kapoor in Yes Bank case
Rana Kapoor and his family members allegedly got benefits worth Rs 4,300 crore through the companies controlled by them as kickbacks for sanctioning huge loans, the ED has alleged.
RBI clears fog on special provisioning
An SMA2 loan which has been given moratorium and is not serviced by the borrower becomes an NPA by March 30. Such a loan will attract a total provisioning of 10% — of which 5% will be as of March-end and another 5% at the close of the June quarter.
RBI cautions banks on possible risks in retail segment in its report on banking for FY19
The RBI observed in its Banking Report for FY19 that in the event of demand for credit slowing down from the corporate sector, the retail segment saw a surge in lending. The RBI noted that the bad loan overhang remains in the banking segment even as the resolutions under the IBC framework have seen an improvement.
NBFCs seek more time, one-time recast of all NPAs
Urge RBI, finmin to relax timeline to 270 days, suspend classification of NPAs for 2 months.
India Infoline offers top-up loans, but without moratorium
The RBI has let financiers grant a moratorium to accounts in default but standard (non-payment in 30 to 90 days bucket). In such cases, the lender will have to make provision of at least 10% spread over March and June quarters, with not less than 5% in each quarter.
Public sector banks turn profitable in April-September FY20
PSBs had posted huge losses in 2017-18 and 2018-19 financial years due to heavy provisioning for non-performing assets and other contingencies, according to the minister. State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively.
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