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IRAC NORMS
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...
- Rural demand buoyant, we have clocked 100% collection efficiency in December: Ramesh Iyer“We have clocked 100% collection efficiency in December and we are seeing a continuous reduction to our NPAs from what it was in the first ...
- 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.”
- Axis Bank's net profit for the Q3 of 2020-21 fell 36%Lending major Axis Bank's net profit for the third quarter of 2020-21 fell 36 per cent due to higher provisioning.
- 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 imposes Rs 1 crore fine on LVB, Rs 75 lakh on Syndicate Bank for violating normsIn a similarly worded release, it said a monetary penalty of Rs 75 lakh has been imposed on Syndicate Bank for non-compliance with the dire...
- 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.
- IOB Q4 loss widens to Rs 3,607 crore on rising bad loansThe bank had registered a net loss of Rs 646.66 crore in the same quarter of previous fiscal.
- 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 slaps Rs 3 cr penalty on Axis BankRBI said it had carried out a statutory inspection of private sector player Axis Bank with reference to its financial position as on March ...
- 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...
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