As sluggish economy hits retail sector, banks face increasing loan stress
BY SALIL PANCHAL, SAMAR SRIVASTAVA 3 min read PUBLISHED: Jan 31, 2020 09:26:51 AM IST UPDATED: Jan 31, 2020 09:33:35 AM IST
The economic slowdown is starting to reveal its real...
The second such case at SBI puts the auditors' role under scanner; SBI becomes the 10th bank to falter in reporting non-perfoming assets based on RBI guidelines
BY SALIL PANCHAL, Forbes India Staff 2 min read PUBLISHED:
Dec...
Ravi Krishnan
There is this irrational joy mingled with relief that taxpayers feel on getting a tax refund, never mind that it was their money in the first place. Yes Bank investors too experienced that emotion last week when the lender revealed that RBI...
New suggestions says corporates may become promoters of banks. They could also make NBFCs more competitive, and generate more interest for banking licences
BY SALIL PANCHAL, Forbes India Staff5 min read PUBLISHED: Nov 21, 2020 09:23:16 AM IST UPDATED: Nov 21, 2020 10:31:58...
These temporary restrictions will be lifted after the RBI is satisfied with necessary compliance on the part of the private sector lender.
The Wire Staff BANKING 23 HOURS AGO
New Delhi: In what is likely an unprecedented move, the Reserve Bank of...
“The fine of 20 million rupees is insignificant but the risk of the RBI placing restrictions on the bank has gone up substantially,” said independent analyst Hemindra Hazari
“Q1 FY20 is expected to be poor on account of stressed loans slipping to NPAs,” says Hazari.
"It is apparent that Yes Bank is the bad boy in the eyes of the regulator," independent banking analyst Hemindra Hazari.
Rana Kapoor Photographer: Udit Kulshrestha/Bloomberg
As Deutsche Bank AG veteran Ravneet Gill moves into the 27th floor of Yes Bank Ltd.’s...
