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IRAC
RBI revises Kisan Credit Card norms, standardises crop season definitionThe Reserve Bank has revamped the Kisan Credit Card (KCC) Scheme, standardizing crop season definitions for uniform loan sanctions and repa...- ECL Provisioning: The prep and the aftermathThe ECL approach will require banks to increase provisions by 20-40%, largely on account of higher regulatory backstop compared with the IR...
- RBI imposes Rs 49 lakh penalty on Bassein Catholic Co-op Bank, VasaiThe central bank had conducted the statutory inspection of Bassein Catholic Co-operative Bank with reference to its financial position as o...
- RBI imposes Rs 58 lakh penalty on Abhyudaya Co-operative BankThe penalty has been imposed for non-compliance of the directions issued by RBI on 'Placement of Deposits with other banks', 'Monitoring an...
- RBI new norms likely to increase NBFCs bad loans by one-third: StudyNBFC borrowers, typically where there is cash collection, pay their overdues generally with some delays. Accounts can get into NPA category...
- SBI beat estimates by big margin on all parameters: Asutosh Mishra“Loan provisioning can be lower because of change in the IRAC norms because we expect credit costs to gradually come down for the bank.”
- Lakshmi Vilas Bank, Syndicate Bank plunge to 52-week low as RBI slaps heavy finesThere were no buyers for the stock and pending orders accumulated to about 3 lakh shares.
- RBI slaps Rs 7 crore penalty on SBI for violating various normsThe penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agre...
- RBI asks banks to disclose their IL&FS exposureBanks will also need to disclose the provisions that have to be made as per the IRAC rules.
- RBI imposes fine of Rs 3 crore each on Deutsche Bank, J&K BankThe RBI also slapped a fine of Rs 3 crore on state-owned Jammu and Kashmir Bank Ltd for violating similar norms.
- IDBI Bank slips 2% after RBI slaps Rs 3 crore fineThe scrip was trading 1.87 per cent down at Rs 70.75 at around 12.25 pm (IST).
- RBI penalty not to have any material impact: IDBI BankAccording to a BSE filing by IDBI Bank, the RBI imposed a Rs 3 crore penalty on it for non-compliance of 'Income Recognition and Asset Clas...
- RBI slaps Rs 3 crore fine on IDBI BankThe penalty was imposed for non compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms.
- Bankers' union demand roll back of IRAC normsNew norms to increase the burden of NPAs on banks and hurt businesses as well as bankers deny credit line to those who have not paid intere...
- RBI imposes Rs 6 crore penalty on Yes Bank, Rs 2 crore on IDFC BankThe RBI said this action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transa...
- NPAs a major reason for incurring loss in the current quarter: CR Shashi Kumar, State Bank of Travancore"NPAs about Rs 2,800 crores is on account of these seven accounts, which we had to classify as NPA."
- Narayana Murthy effect: Infosys plans high salary for top performersAt present, employees with the top ratings receive 50-90% of their variable salary while the lowest-rated ones get only up to 30%.
- Attrition-hit Infy offers 17% pay hikeInfosys will offer up to 17% salary hikes for over 100,000 of its employees.
- HR policy: Is Infosys losing employee-friendly status?Several measures taken over the past few months by Infy HR has had many employees seething with anger. Reboot your career | Tips to get out...
- Promotion at Infosys strictly for performersInfosys plans to continue the rollout of its iRace program under which the company's staff are required to wait longer for their promotions...
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