At the apex NBFC body FIDC (Finance Industry Development Council) meeting on Wednesday, industry players said that typically NBFC loans are small ticket credit and therefore they do not see any major impact on their books

Sebi has ordered the attachment of assets of the former Yes Bank boss Rana Kapoor since he failed to pay the fine worth Rs 1 crore imposed on him

Our MSME lending is back to pre-pandemic levels, with loan book growing at 30 per cent year-on to Rs 2,01,758 crore as of the December 2020 quarter, said Sumant Rampal, senior executive vice-president, business banking and healthcare finance

Thakur mentioned that as borrowers of written-off loans continue to be liable for repayment and the process of recovery of dues from the borrower in written-off loan accounts continues, write-off does not benefit the borrower

Fitch Ratings said the state-owned banks are more vulnerable than private banks, given their participation in relief measures, while their earnings and core capital buffers are weak.

The proposed two-tier ARC, AMC framework, ostensibly created with public structure and private sector in mind for the respective entities, may create more problems than they serve

Rapid digitisation and scaling up of non-banking businesses, from cards to insurance and MFs to YONO, have helped SBI transform itself

Digitisation and proposed ARC for bad loans and development financial institution will help the banking industry reboot. The 25th edition of the BT-KPMG Best Bank Study brings you future ready banks and Fintechs

The Bombay Plan, authored by the doyens of industry in 1944 first envisioned state planning, state ownership and control of industries to make India \"self-sufficient\" long before Nehru's ideas took root

Modi will exhaust all the legal remedies, including appealing in higher courts as well as seeking asylum in the UK, before Indian authorities would be able to bring him back.

In a submission before Finance Minister Nirmala Sitharaman on February 20, CIA pointed out that the biggest concern for MSME at the moment is availability of raw materials in time and at reasonable price

Persistent negative growth in rural wages and soaring corporate profits accompanied by job and wage cuts demonstrate a clear disconnect between growth/profits and wellbeing of ordinary Indians

Private wealth creators are solely responsible for India's banking stress; increasingly fleeing India with their wealth and bank loans, and those making huge profits are doing so by cutting jobs and wages

India needs to collect and declare credible data on stressed assets, identify sectors and companies where these are accumulated and be transparent in insolvency resolution before jumping to a new mechanism

RBI's database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses serious macro-financial risks to the economy

Shares of IIFL Finance hit upper circuit limit of 10 per cent at Rs 222.50, also its 52-week high, on the BSE on Tuesday

At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

Move to set up an ARC/AMC as a proxy for bad bank and a Development Financial Institution is aimed at taking the load of risky assets from banks. It is easier said than done

This ARC-AMC entity will be set up by the banks; there will be no government equity, said the Banking Secretary. This means there will be ARCs and AMCs at bank level to deal with bad debt

Budget 2021 news: Currently, the banks have gross NPAs of around 7 per cent which is expected to rise to 15 per cent by September this year if the situation deteriorates