Why the RBI’s measures for NBFCs may not ease the sector’s pain ?

Banks have been lending only to good quality NBFCs; they may continue to be wary of risky assets.

Statement on Developmental and Regulatory Policies

RBI has issued the Statement on Developmental and Regulatory Policies on August 7, 2019. This Statement sets out various developmental and regulatory policy measures in the areas of Financial Markets; Payment and Settlement Systems; Banking Regulation, Financial Inclusion and Credit flow to NBFCs. I. Financial Markets 1. Introduction of stripping/reconstitution facility for State Development Loans…

More steps in the offing for timely fraud detection in banks: RBI

There is a need for timely recognition and reporting to reduce their economic costs and to address the vulnerabilities in a proactive and timely manner, RBI said in its Financial Stability Report.

Statement on Developmental and Regulatory Policies

RBI has released Statement on Developmental and Regulatory Policies on 6th June 2019 which sets out various developmental and regulatory policy measures for strengthening regulation and supervision; broadening and deepening the financial markets; and improving payment and settlement systems. I. Regulation and Supervision 1. Leverage Ratio for Banks In order to mitigate risks of excessive leverage,…

Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions

RBI has revised the RTGS time window with effect from June 01, 2019 as under: Sr. No. Event Time 1. Open for Business 08:00 hours 2. Customer transactions (Initial Cut-off) 18:00 hours 3. Inter-bank transactions (Final Cut-off) 19:45 hours 4. IDL Reversal 19:45 hours – 20:00 hours 5. End of Day 20:00 hours 3. The…

Indian Overseas Bank launches ‘Bank on Wheels’ facility

Indian Overseas Bank launches ‘Bank on Wheels’ facility

Small finance banks’ capital rules on RBI radar again.

Small finance banks’ capital rules on RBI radar again. The review of the norms may immediately benefit Equitas Small Finance Bank and Ujjivan Small Finance Bank, which are desperately trying to abide by the listing rule by way of share-transfer schemes.

Some banks make record provisions against bad loans

PCR is the ratio of provisioning to gross non-performing assets and indicates the extent of funds a bank has kept aside to cover loan losses. Some banks make record provisions against bad loans.Banks clean up books as NPA additions slow over the past year.

PNB may take control of 2-3 small state-run banks

PNB may take control of 2-3 small state-run banks. The government is seeking to consolidate the nation’s debt-burdened state banking sector.

To improve risk-management practices, RBI tells NBFCs to post ‘chief risk officer’

To improve risk-management practices, RBI tells NBFCs to post ‘chief risk officer’