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RECKLESS LENDING
India considers halting shadow banks from duplicating businessThe Reserve Bank of India (RBI) is considering stricter rules for shadow lenders, aiming to curb overlapping business activities between pa...- RBI's Rajeshwar Rao asks entities to guard against reckless financialisationRBI Deputy Governor M Rajeshwar Rao warns financial sector entities against 'reckless financialisation' amid rising unsecured lending and d...
- Banks express no 'stress' as govt directs close monitoring of lending by MFI segmentThe Indian government has advised public sector banks to exercise caution in microfinance lending, particularly through co-lending with sha...
- Microfinance institutions should refrain from reckless lending: DFS SecretaryMicrofinance institutions must avoid reckless lending to Self Help Groups and Joint Liability Groups, according to Financial Services Secre...
- Don't lower the bar on infra lending, RBIBanks find the risk weights assigned by the regulator to these projects to be limiting and have sought a dilution of these when a project g...
- Cong demands white paper on privatisation of public sector banks from govtCongress spokesperson Supriya Shrinate said the press conference was scheduled to discuss a very important study by the RBI research unit p...
- Turkish lira blows through 15 to dollar ahead of rate decisionThe central bank is expected to cut its policy rate by 100 basis points to 14% at its policy-setting meeting later in the day, a Reuters po...
- Shocking arrest of Pratip ChaudhuriChaudhuri's arrest for this transaction, without an inquiry or a notice, is shocking. The PCA rules say a senior police officer has to veri...
- View: Bad bank not an optimum solution to mounting bad loan menace in IndiaThe objective of the bad bank is undoubtedly laudable. It however needs to be subjected to the test of realism and pragmatism. The then RBI...
- View: Public sector banks are not equipped to implement Covid stimulus packageThe genesis of the problem can be traced back to the 90s. CVC was then flooded with cases relating to the Harshad Mehta scam. While this sa...
- Banks flush with liquidity, but can't lend recklessly: SBI official"Our chairman has mentioned that wherever there is a bankable proposal, we are willing to fund that, which we keep on saying as well. SBI b...
- Reliance Capital hopes to shutter two lending arms by DecemberReliance Capital has decided to shutter its two lending arms by December, the company said.
- Until India's lending system is fixed defaults like IL&FS will continue: ViewDefault is not a predictable event, factors that lead a borrower to default are too many to prevent. The government and regulators need to ...
- Quicker regulatory nods can put infra in fast laneIndia needs to address regulatory issues for the sector to gather pace & approvals around land acquisition & project clearances need to be ...
- Lending against shares: MFs bite more than what they can chewIt is now up to the fund houses to ensure that the Essel Group’s promoters repay their debts with the capital market regulator opting to re...
- CP rollovers do not mean everything is hunky dory for NBFCs: Rohit Agarwal, Kotak Mahindra Life InsuranceWe don’t have to write the epitaph of the NBFCs as yet, says the fund manager.
- UPA wasted advantage of economic inheritance: Arun JaitleyThe last three years of the UPA, which exited in 2014, were less than modest, even in terms of growth, Jaitley said.
- 9 PSU banks under PCA submit recovery plan to governmentFinance Minister Piyush Goyal had last month asked these 11 PSU banks to come up with a plan to strengthen finances and meet the RBI's capi...
- Reserve Bank of India, Finance Ministry in a war of words over bad loans at public sector banksGrowing differences between RBI and govt over bad loans at PSU banks have led to a bitter exchange of notes between RBI and the finance min...
- Bank of England says banks may need more moneyBank of England Governor Mervyn King told British lawmakers on Tuesday that banks could require more capital injections before they are abl...
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