Page 9 - Banking
Attach bank, demat accounts to recover due amount in Avon Corp case: Sebi
Markets regulator Sebi on Tuesday ordered attachment of bank accounts as well as shares and mutual fund holdings of an individual to recover dues totalling around Rs 1.13 crore.
 "Attach bank, demat accounts to recover due amount in Avon Corp case: Sebi")
Liquidity in the banking system rises as govt steps up spending
Net daily liquidity absorbed from banks on July 9 was Rs 4.6 trillion, data released on Monday showed
 "Liquidity in the banking system rises as govt steps up spending")
CRMNEXT raises $16 million from Avataar Ventures, Ascent Capital
Startup provides enterprise solutions for banks and financial services companies, has offices in 11 countries
 "CRMNEXT raises $16 million from Avataar Ventures, Ascent Capital")
How Zeta acquired Unicorn status in the very first round of funding
Enterprises typically reach the feat at series C or series D, or three to four funding rounds later
 "How Zeta acquired Unicorn status in the very first round of funding")
As work from home deepens …
… are far-reaching social changes coming with it?
 "As work from home deepens …")
RBI tightens dividend payout norms for NBFCs, links them to bad debt
NBFCs can give dividend only if accounts are clean, NPAs not hidden, and are below 6 per cent for the last three years
 "RBI tightens dividend payout norms for NBFCs, links them to bad debt")
RBI has given us 120 days to operationalise SFB: Centrum's Jaspal Bindra
In an exclusive interview with Business Standard, Jaspal Bindra, executive chairman of Centrum group said it has committed Rs 1,800 cr capital to the SFB, Rs 900 cr of which will come in first year
 "RBI has given us 120 days to operationalise SFB: Centrum's Jaspal Bindra")
How banks were able to prove doomsday predictions wrong in a pandemic year
There were five factors that helped banks contain bad loans in a pandemic year
 "How banks were able to prove doomsday predictions wrong in a pandemic year")
Best of BS Opinion: The real oximeter, why poor are leaning right & more
Here are the best of Business Standard's opinion pieces for Monday
 "Best of BS Opinion: The real oximeter, why poor are leaning right & more")
Credit losses set to decline for most Asia Pacific banks, says S&P
Credit losses are set to fall across most Asia Pacific banking systems over the next two years, S & P Global Ratings said on Tuesday.This is partly because targeted assistance to stretched borrowers will likely continue in many places until pandemic-related challenges substantially abate."Asia Pacific banks should safely avoid a 'cliff effect' even as extensive relief measures are progressively removed," said S & P Global Ratings credit analyst Sharad Jain.Moratoriums on loan repayments -- together with fiscal, monetary and policy support -- have helped cushion the blow to borrowers in Asia Pacific from the Covid-19 outbreak and containment measures.Repayment moratoriums have fallen to less than 5 per cent of system loans for a number of Asia Pacific countries compared with between 6 and 80 per cent at the height of pandemic.S & P forecast credit losses for the 12 larger banking systems in Asia-Pacific: Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New ...
 "Credit losses set to decline for most Asia Pacific banks, says S&P")
New credit culture
A big step by SC in allowing banks to chase personal guarantors
 "New credit culture")
Bulls gain strength: Sensex reclaims 50,000, Nifty ends above 15,000
Fall in Covid-19 cases, prospect of economy normalising in near term lift indices for a second day
 "Bulls gain strength: Sensex reclaims 50,000, Nifty ends above 15,000")
Bank of Baroda mulls hiring digital marketing agencies to strengthen brand
Bank of Baroda is looking to hire three digital marketing agencies to strengthen its brand, aiming to be a preferred choice of customers with innovative banking models
 "Bank of Baroda mulls hiring digital marketing agencies to strengthen brand")
How to reconstruct asset reconstruction companies
Banks feel happy shifting their toxic assets from loan books to investment books, while the ARCs are enjoying the management fees with a smile. Let's break the cosy relationship
Not getting personal loan to manage an emergency? Offer collateral
Starting a fixed deposit may make a bank more willing to offer you a credit card
 "Not getting personal loan to manage an emergency? Offer collateral")
Govt likely to drop plan to decriminalise cheque bounce offences
It would seek directions from a Supreme Court panel formed to expedite the pendency of cheque bounce cases before taking a final call
 "Govt likely to drop plan to decriminalise cheque bounce offences")
Covid 2nd wave severity will determine pace of growth: FT's Radhakrishnan
Faster-than-expected recovery in the US economy and the resultant tapering of stimulus by the US Federal Reserve could potentially affect risk sentiment and impact flows to emerging markets like India
 "Covid 2nd wave severity will determine pace of growth: FT's Radhakrishnan")
 "De-risking the risk business webinar series | New Indian banking landscape, post-pandemic")
Paytm Payments Bank becomes the largest beneficiary on UPI platform
With 469.84 mn transactions in March it is ahead of the country's largest lender SBI and private lenders such as Yes Bank, ICICI Bank, Axis Bank and HDFC Bank
 "Paytm Payments Bank becomes the largest beneficiary on UPI platform")
Best of BS Opinion: Beyond the Jal Shakti Abhiyan, vaccine supply, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Beyond the Jal Shakti Abhiyan, vaccine supply, and more")
