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Home > banking sector
banking sector
Former RBI Governor Urjit Patel.
A mess: Patel admits RBI was slow to take timely measures
04 Jul 2019 1:38 PM

Patel said an asset quality review for the NBFCs is ‘inevitable’ given their interconnectedness in financial system.

The performance of the banking system has improved as non-performing asset (NPA) ratios declined and credit growth accelerated.
Economic Survey: Banking sector performance improved due to fall in bad loans in 2019
04 Jul 2019 1:07 PM

PSBs witnessed improvement during 2018-19 and the gross NPA ratio decreased from 11.5 per cent to 10.1 per cent.

PPF and National Savings Certificate will fetch annual interest rate of 7.9 per cent from the existing rate of 8 per cent.
Govt cuts interest rate on small savings schemes by 0.1 per cent
29 Jun 2019 12:03 PM

Interest rate for 5-year Senior Citizens Savings Scheme will now fetch a lower rate of interest at 8.6 pc from 8.7 pc.

The report also noted that there has been a shift among large NBFCs, when it comes to source of funds to long- term money.
RBI calls for greater surveillance on too-big-to-fail NBFCs
28 Jun 2019 9:42 AM

The systemic impact of HFCs' failures has significantly lessened as the state-run banks got better capitalised.

Company is already in the process of selling down its loan assets including wholesale project loans to make good all its obligations and maintain its 100 per cent commitment to all its creditors.
Troubled mortgage lender DHFL again misses debt payments
26 Jun 2019 8:59 AM

DHFL only been able to make a 40 per cent payment on unsecured commercial papers due on Tuesday.

The government has formed an inter-agency coordination committee to look into the large value bank frauds.
Amount involved in bank frauds of above Rs 1 lakh on decline
25 Jun 2019 7:06 PM

The amount involved in such frauds in 2017-18 and 2018-19 stood at Rs 9,866 crore and Rs 6,735 crore

Slippages have been on the wane since last fiscal and the rate of accretion of fresh NPAs halved in FY19 to 3.7 per cent compared with 7.4 per cent in the previous fiscal.
Gross NPAs of banks may reduce to 8 per cent by March 2020: Report
25 Jun 2019 4:05 PM

NPA in the banking system had peaked at 11.5 per cent in March 2018 and then declined to 9.3 per cent in March 2019.

A wilful defaulter is an entity or a person that has not paid the loan back despite the ability to repay it. (Photo: ANI)
Number of wilful defaulters in nationalised banks up 60 pc to 8,582 in 5 years
24 Jun 2019 7:19 PM

Recovery of Rs 7,654 crore has been done from wilful defaulters' accounts during the last five financial years.

NBFCs must now appoint an independently functioning chief risk officer with clearly specified responsibilities for a fixed tenure.
Shadow banks must appoint risk officers: RBI
17 May 2019 9:32 AM

Banks with more than 50 billion rupees (USD 714 million) in assets must appoint a chief risk officer.

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