Industry: Banking

Total MSME loans grew by 22.8% YoY to INR24.7t in 2QFY19, of which loans to individuals accounted for INR10.4t (+27.6% YoY) and loans to entities formed INR14.3t (+19.6% YoY).
Jan. 17, 2019, 11:32 a.m.

To further improve the ease of doing business in India, the Reserve Bank of India has drawn up a new external commercial borrowing (ECB) framework allowing all eligible borrowers to raise up to $750 million per financial year under the automatic route, replacing the existing sector-wise limits.
Jan. 16, 2019, 4:42 p.m.

Bank jobs, a top priority for many job-seekers, may lose their sheen in the days to come due to the macro-economic challenges being faced by public sector banks.
Jan. 16, 2019, 3:29 p.m.

Under the new Insolvency and Bankruptcy Code, the Insolvency and Bankruptcy Board of India (IBBI) has a statutory responsibility to collect, maintain, and disseminate data about the new insolvency and bankruptcy system.
Jan. 16, 2019, 10:38 a.m.

The Prompt Corrective Action (PCA) framework has limited banking abilities of 11 PSU banks, which collectively forms 17.7% of systemic advances as on 2QFY19.
Jan. 14, 2019, 11:34 a.m.

In a bid to align with the best corporate practices, the Finance Ministry has asked the public sector banks to gradually bring down the government’s equity to 52 per cent, a top official said.
Jan. 14, 2019, 10:51 a.m.

Bankers are worried that the corporate insolvency resolution process (CIRP) could turn chaotic and face delays as the Insolvency and Bankruptcy Board of India (IBBI) may amend the rules, giving operational creditors (OCs) a larger say in the resolution process.
Jan. 13, 2019, 4:43 p.m.

To ensure that their plan to raise money via employee share purchase scheme (ESPS) gets good response, public sector banks (PSBs) may come up with a facility for bankrolling each other’s ESPS.
Jan. 10, 2019, 3:41 p.m.

The Reserve Bank of India, on Thursday, notified extension of the transition period for implementing the last tranche of 0.625 per cent of risk-weighted assets (RWAs) under the Capital Conservation Buffer (CCB) by one year to March 31, 2020, following agreement on this in its Central Board meeting on November 19.
Jan. 10, 2019, 3:39 p.m.

The problem of the spendthrift farmer and that of the flagrant corporate firm are two sides of the same coin.
Jan. 10, 2019, 1:03 p.m.