Page 13 - Banking

Explained: How OCEN is trying to keep credit disbursement challenges at bay

Network to connect lenders, loan marketplaces, borrowers on a single platform and make access to credit a matter of minutes

Bank employee unions demand 5-day working week to lessen Covid-19 exposure

The association noted that while whole world is carving for four-day working, the country is still looking for a way to opt for five-days banking.

Small NBFCs may face funding challenges again as banks get choosy: CARE

Outstanding bank lending to NBFCs declined marginally to Rs 8.04 trn in May 2020 from Rs 8.12 trn in April 2020, according to RBI data

The perils of name lending: Banks count cost of loans in NMC collapse

Borrowing on the basis of reputation, known as "name lending", and taking on a large exposure to one person or entity is not unusual in the Gulf region

Banks must raise capital well in time to build resilience: RBI Governor

Building buffers and raising capital (for all kind of banks) will be very crucial for credit flow and resilience in financial system, says Shaktikanta Das

Ensure bankers' safety, take stern action against unruly: FinMin to states

Department of Financial Services asks for action against 'unruly behaviour' after at least two attacks on employees of state-owned banks.

Banks go for stress test to assess the impact of Covid-19 on bad loans

Banks have undertaken stress tests to assess the level of non-performing assets caused due to economic slowdown triggered by the outbreak of Covid-19

A radical overhaul of bank governance

The prosaic truth is that corporate governance just doesn't happen

Market Ahead, June 8: Top factors that could guide markets this week

The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues

YES Bank senior leadership team to have 30% of CTC as variable pay

Private sector lender in a statement said the leadership team has taken a conscious and voluntary decision for the restructuring of their compensation package for FY 2020-21

Covid-19: Banking slippages may rise by Rs 5.5 trn this fiscal, says report

While slippages from the corporate sector may rise by Rs 3.4 trillion, for non-corporate segments it may increase by Rs 2.1 trillion in FY21

Ind-AS increases provisioning pain for NBFCs amid Covid-19 pandemic

Covid-19 has led to lot of uncertainties including those pertaining to the income level of borrowers and hence, their loan repayment ability, savings habit, cash flow position of corporates

Singapore's Caladium ups stake at Bandhan Bank by 1% via market purchases

It now holds 72 million shares in the lender

Govt directs banks to remain operational during 21-day lockdown: Report

Banks have also been asked to ensure welfare cash schemes that are part of a $22.6 billion government stimulus reach the poor

No certainty of success with YES bailout plan

Unless a resolution mechanism designed for a quick turnaround of stressed financial institutions is implemented, we will continue to lurch from one crisis to the next

Long live the taxpayer: Big banks don't fail and that is by design

It is standard practice in all countries and its origins lie in the creation of the US Fed in 1915

YES Bank fallout: Additional tier-1 bondholders plan legal action

The RBI's draft reconstruction plan for YES Bank states that AT-1 bondholders shall not be entitled to get any compensation from the reconstructed bank

FM on Chidambaram's YES jibe: Self-appointed doctors created more problems

Finance Minister Nirmala Sitharaman on Friday hit back at senior Congress leader P Chidambaram for his jibe over crisis-hit Yes Bank's loan book swelling five times under BJP rule, saying "self-appointed competent doctors" created more problems in handling crisis at three banks during the UPA regime. She blamed Chidambaram for the crisis at Global Trust Bank in July 2004 and the problems at IDBI which had to merge with on-the-verge of collapsing United Western Bank in 2006. The Congress-led UPA had come to power in May 2004 and Chidambaram was the finance minister. Addressing a press conference after the RBI superseded the board of Yes Bank and placed withdrawal restrictions, she said the crisis-hit lender's exposure to stressed corporates dates before 2014. "The exposure of Yes Bank to some of the very stressed corporates has been before 2014. These are public domain names and I am not violating any customer privacy Anil Ambani (Group), Essel Group, DHFL, IL&FS (and) Vodafone ...

Infuse capital in YES Bank; acquiring it will be disaster: Analysts to SBI

Most analysts believe it is a positive step for the Indian financial sector as the the government has tried to avoid a repeat of IL&FS-like crisis

How much money will you get if your bank goes bust?

The Rs 5-lakh cover brings around 93 per cent of all deposit accounts and 34 per cent of the value of deposits under it