Banks general
ECGC raises insurance cover for banks’ export credit to 90%
17 Sep 2019
Enhanced insurance cover will ensure that foreign and rupee export credit interest rates will be below 4 per cent and 8 per cent, respectively, for exporters
RBI opens taps, enables banks to lend more to consumers
13 Sep 2019
Besides reducing the risk weight for banks’ consumer loans and personal loans to 100 per cent from 125 per cent, RBI also raised bank’s exposure limit to a single NBFC from 15 per cent to 20 per cent of its Tier-I capital
Rana Kapoor in talks to sell Yes Bank stake to Paytm
10 Sep 2019
The deal, however, is yet to finalised as Paytm owner Sharma is still evaluating the pros and cons of the deal, which involves a lot of complexities, including promoter ownership shareholding as also regulatory challenges
SBI cuts FD rates by 20-25 bps effective 10 Sept
09 Sep 2019
18 PSBs take nearly Rs32,000 cr hit in 2,480 fraud cases in Q1
09 Sep 2019
RTI queries by Neemuch-based Chandrashekhar Gaur and Pune-based Vihar Durve have revealed that State Bank of India, the country’s largest lender, also topped the list with 1,197 cases involving Rs12,012.77 crore in fraudulent transactions in fiscal first quarter – a 38 per cent share of the total
Retail, MSME loans to be cheaper with external benchmark
05 Sep 2019
RBI has directed banks to link retail and MSME loans to an external benchmark such as repo rate, treasury bill yield or any other benchmark interest rate published by the Financial Benchmarks India Private Ltd, beginning 1 October
NCLAT allows promoters of insolvent Sterling Biotech to regain control
05 Sep 2019
For regaining control of the firm under liquidation, the NCLAT said promoters of companies facing bankruptcy proceedings must make full payment to lenders
Repositioning PSBs for a $5 trillion economy
03 Sep 2019
RBI weighs linking all new loans to RBI’s policy rates
19 Aug 2019
RBI has kept the external benchmark (lending rate) in abeyance because it wanted to see how the market evolved, RBI governor Shaktikanta Das said, adding that while the banks have responded, the process needs to be faster
Govt extends Rs1,00,000-cr credit support to NBFCs/HFCs
14 Aug 2019
Under the scheme, government would provide a one-time partial credit guarantee to PSBs for purchase of high-rated pooled assets of financially sound non-banking finance companies and housing finance companies
RBI to allow 24/7 fund transfers through NEFT from December
08 Aug 2019
Besides expanding the bill payment network and smoothening the payment and settlement systems, the central bank also revised downward the risk weight for consumer credit, including personal loans, but excluding credit card receivables, to 100 per cent from 125 per cent or higher
Banks to boost lending and support growth as economy sags
06 Aug 2019
The decision was announced at a meeting - the first of a series of meetings that the finance ministry is convening - to discuss current economic issues with key stakeholders
SBI, PNB cuts interest rates on fixed deposits
01 Aug 2019
RBI lets banks sell NPAs abroad as one-time settlement
31 Jul 2019
The RBI move will allow companies and banks to raise cheap, long-term loans overseas, skirting the Insolvency and Bankruptcy Code process, which could again add to the huge amount of stressed assets in the economy
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