NON BANKING SECTOR
Delay in recognition of NPAs bad for financial health of banking sector: RBI
RBI noted that the recognition of past bad loans has “neared completion” in the reported fiscal year on the back of the asset quality review exercise undertaken by it in 2015 and the subsequent implementation of the framework for resolution of stressed assets. “Going ahead, this framework is expected to induce timely recognition of stressed assets,” RBI said.
Which sectors will benefit from global economic recovery? Manish Gunwani explains
‘The emerging market currencies seem to be stabilising’
Anand Radhakrishnan’s thumb rule to identify which sectors will bounce first
The CIO - Equity & Executive Vice President at Franklin Templeto...
3 months for PSBs to build PCGS 2.0 portfolio
Public sector banks have three months to build up their portfolios to be eligible for the extended Partial Credit Guarantee Scheme (PCGS 2.0), which will be based on actual amounts disbursed within this period, according to guidelines released by the finance ministry on Thursday.
Stressed NBFC sector relying more on banks for borrowings: Care Ratings
Facing difficulties in raising money from the capital market, non-banking financial companies are relying more on banks to meet their funding requirements, with lending to NBFCs seeing a jump of 34.7 per cent in more than a year, says a report.
RBI Guv Shaktikanta Das discusses credit flow to MFs, NBFCs, MFIs with bank CEOs, MDs
Independent estimates peg the funding gap for NBFCs at Rs 60,000 cr despite RBI's efforts.
Govt must deposit Rs 7500 in bank accounts of poor; revive MSME sector
The Congress will soon prepare a detailed plan for revival of MSMEs together with steps to ensure smooth crop procurement and resolving migrants' issues and will put it before the central government, senior Congress leader Jairam Ramesh said. He asserted that the Congress has urged the govt to submit through direct benefit transfers in Jan Dhan accounts.
PSU lenders offering better interest rates may lure home loan clients from private sector banks
“There is a significant difference not only between public sector and private sector banks’ interest rates but also between our repo-linked lending rate and MCLR rate,” said CS Setty, managing director at State Bank of India.
Banks that skirted India’s bad loans can’t escape lockdown
The final bastion in India’s $1.6 trillion banking sector faces a test of its resilience.
The non-bailout: How the Fed saved Boeing without paying a dime
The Trump administration has ended up helping the plane maker more than any government handout could.
Banking space to see more pain going forward: Siddhartha Khemka
Delinquencies could go up in the retain segment, says Head of Retail Research, MOSL.Banking space to see more pain going forward: Siddhartha...
Mega bank mergers working smoothly without heartburns: Bank employees union
"Each bank had its own employee benefit schemes. The scheme that is most beneficial to the employees were extended to all the employees of the amalgamated entity. This way heartburns were not created," a top official of All India Bank Employees' Association said.
Lockdown, Day 56: 100 to 1 lakh in 64 days
In some good news, a vaccine test in the US has everyone excited, after Moderna's experimental vaccine produced protective antibodies in a small group of healthy volunteers.
Businesses could consider selling non core real estate assets: Report
“Many business owners (private sector, public sector and public listed) have traditionally owned their real estate. These typically include factory operations coupled with offices and warehouses. While, in some cases, the real estate may have become non-core, in other cases such real estate is essential for the business operations,” the report said.
COVID-19: Non-essential shops to open from June 15 as UK eases lockdown
British Prime Minister Boris Johnson announced the timeline at the daily Downing Street press conference on Monday night, stressing that the move remains contingent on continued progress in keeping the infection rate of the deadly virus down and retailers adhering to new guidelines to protect shoppers and workers.
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