Page 8 - Abhijit Lele

Household optimism on economic conditions for coming year takes a hit

Sentiments about current employment conditions & own income deteriorate

Monetary policy: Some entities not following topup loan norms, says RBI

Credit card spend continues to see high growth despite risk weighting increase

Continuous clearing of cheques to speed up payments, enhance efficiency

The cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours

Q1 results: SFBs' net profit growth flat as provisions jump over 2x

Provisions more than double on asset quality pressures

IIFL Finance Q1 FY25 results: Consolidated net profit down 28% at Rs 338 cr

RBI's curbs on fresh gold loan biz hits performance

Results review: PSBs' net profit grows 16% to Rs 39,974 crore in Q1

NII under pressure; asset quality continues to improve

RBI moots certain regulatory principles for models of credit management

The model should have the necessary scalability and flexibility to meet the needs of dynamic business conditions

Lenders vote to liquidate defunct airline Go First due to low bids

A senior executive of a private bank, which has a small exposure to the airline, said voting for the proposal is through and the airline will be recommended for liquidation soon

SBI Q1FY25 results: Net profit rises 0.9% to Rs 17,035 cr, NII up 5.7%

NIM fell 12 bps, both sequentially and Y-o-Y basis, to 3.35 per cent

RBI revises NPAs provision norms for co-op banks to ensure uniformity

Prescribes one-time measure for smoother transition to new regime

Indian lenders need $1 bn to upgrade core bank systems: BCG report

Companies' legacy core systems have various problems, it says

Bank of Baroda sees up to 15 percentage points LCR impact after RBI norms

The LCR level was 122 per cent in March 2024. As a part of liability management, the bank has sold down borrowing on excess Statutory Liquidity Ratio (SLR), Chand said

Bank of Baroda Q1 results: Net profit rises 9.5% at Rs 4,458 crore

Sequentially, the profit declined from Rs 4,886 crore in Q4FY24. Bank's stocks closed 0.94 per cent lower at Rs 253.85 on Wednesday

Retail credit growth moderates to 16.6% in June 2024, shows RBI data

Growth in personal loans; credit to NBFC down sharply

RBI's new norms on wilful defaulters to come into effect from Nov 1

"Wilful defaulters or any entity with which a wilful defaulter is associated shall not be eligible for restructuring of credit facilities," the RBI said

RBI pulls up UCBs creating Dividend Equalisation Fund for payments

Gives one time permission to transfer corpus to reserves

SBI raises $750 mn via offshore term loan facility for deployment of funds

SBI's board has approved a plan to raise long-term funds up to $3 billion in single or multiple tranches in FY25

Private banks' bottom line remains healthy in Q1, bad loans inch up

Margins under pressure as cost of funds rise

MSMEs get a helping hand in Budget but challenges in financing remain

According to CRISIL Ratings' bi-annual 'MSME Report' (June 2023), the debt need of the sector is more than Rs 100 trillion. Of this, 70% is for working capital requirements alone

Spandana Sphoorty stops onboarding customers with no prior credit history

Heat wave, Lok Sabha polls hit collections, asset quality in Q1