Page 32 - Banks
Poor asset quality of PSBs a risk to sovereign rating: Moody's
The rating agency is of the view that it will take a strong economic growth for the overall debt burden to fall
 "Poor asset quality of PSBs a risk to sovereign rating: Moody's")
Banks develop an appetite for start-ups
Lenders taking up incubator-style roles with small investments in start-ups
 "Banks develop an appetite for start-ups")
Banks to share all transaction details in standard format
As revenue intelligence and central security agencies looking into money laundering and financial fraud cases.
 "Banks to share all transaction details in standard format")
Bank recoveries fail to maintain pace with huge write-offs: Report
Constitute nearly 1/3rd of total write-offs in some cases; SBI's recovery stood at Rs 11,566 crore against a write off of Rs 41,641 crore in ten years, The Indian Express reports
 "Bank recoveries fail to maintain pace with huge write-offs: Report")
Banks delay action against nearly 100 corrupt officers
As per norms, matter of granting sanction for prosecution has to be decided within four months
 "Banks delay action against nearly 100 corrupt officers")
Banks can reduce cost by 50% per transaction, says Report
It pointed out smart devices will grow in importance, take their place alongside cards (debit/ credit/ATM) as primary medium for consumer payment
 "Banks can reduce cost by 50% per transaction, says Report")
Bank Unions demand Parliamentary probe into Mallya's episode
Plan to go on dharna as well as a strike in May
 "Bank Unions demand Parliamentary probe into Mallya's episode")
Banks on 4-day holiday from Thursday
IDBI Bank may be closed for an extra day if strike call by some officers, employees on March 28 (Monday) materialises
 "Banks on 4-day holiday from Thursday")
PEs hand-hold transition of MFIs to small finance banks
Take on bigger role - from strategy to IT systems
 "PEs hand-hold transition of MFIs to small finance banks")
