Budget 2022: ₹1.37 lakh crore MSME loans stressed, restructured
Public sector banks have exposure of ₹58,524 crore to stressed enterprises.
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Does banking need a more humane touch?
In India, financial services are still plagued with multiple challenges. A resurgent India needs greater innovation in banking, especially in customer management and retention.
Delinquencies across retail loans increase: CIBIL
The increase in delinquency rates was not uniform; It was most pronounced for loans against property, home loans, and credit cards. Overall delinquencies improved for auto loans.
‘Foreign investors more positive on India now’
Mark Matthews, head of research (Asia) at Julius Baer, says there are no signs of a pickup in the Indian economy yet, but a ‘trickle through’ is likely in a quarter or so.
Short-term relief for NBFCs
The government’s partial credit guarantee on asset purchases does not address investors’ long-term concerns about the sector’s exposure to stressed real estate: Fitch Ratings.
‘Banks need ₹20 lakh cr in fresh deposits to meet credit demand’
A report by CRISIL says an uptick in credit demand in FY19-FY20 will require banks to raise funds through fresh deposits.
Had guts to direct RBI to act on NPAs: Piyush Goyal
Interim finance minister Piyush Goyal says the current government’s efforts towards tackling bad loans have paid off.
RBI’s governance needs examination: Board
Post the first meeting under the chairmanship of newly appointed governor, Shaktikanta Das, the RBI’s central board said the governance framework required a closer look.
