2022 will mark a return to more familiar patterns of growth and the beginning of a new round of innovation for all players in the financial system
Bonds would rally in both instances, and therefore, it could turn out to be a good year for Indian bonds
Currently, there are about a dozen small finance banks in the country
Reserve Bank of India in a statement said that retail loans continued to expand at a double digit rate
A large write-off in a loan account was believed to be the trigger for the regulator to step into the affairs of the bank
The central bank had relaxed the rules first in May last year due to the pandemic
The Kohlapur-based lender turned swanky and state-of-the-art under him but the quick growth attracted central bank's scrutiny.
Business Standard brings you the top headlines on Thursday
This approval is for a period of three months with effect from December 25, 2021 or till the appointment of a regular MD & CEO, whichever is earlier
The first is an increase in delinquencies in the consumer finance portfolio.
Going forward, as the economy recovers and credit demand rises, banks will need to ensure availability of sufficient capital to support credit growth
While the retail holding in NSE listed companies had risen between December 2019 and September this year, their holding in equity mutual funds had seen a decline, the report observed.
Commercial banks reported Rs 1.38 trillion of frauds in 2020-21, as compared to Rs 1.85 trillion in the previous year.
The GNPA ratio of PSBs, which was 8.8 per cent in September this year, may deteriorate to 10.5 per cent by September 2022 under the baseline scenario
The government has budgeted for total expenditure of Rs 34.83 lakh crore or 6.8 per cent of GDP
The gross non-performing asset ratio of scheduled commercial banks is likely to increase to 9.5 per cent in September 2022 from 6.9 per cent in September 2021 in a severe stress scenario
Banks' gross NPAs may jump to 8.1-9.5% by Sept 2022 from 6.9% in Sept 2021, says RBI in financial stability report
Financial institutions resilient and stable with strong balance-sheets, capital and liquidity buffers, says RBI in financial stability report
Credit growth muted as pandemic risk to economy remains, says central bank in annual analysis.
The restructured plan included additional time for repayments, more funding support, and conversion of part of working capital into term credit.