Page 6 - Manojit Saha

RBI in talks with Sebi to allow mutual funds to sell debt to ARCs

ARCs are not allowed to buy debts from MFs currently

Ujjivan SFB board to decide universal bank transition timelines in FY25

Ujjivan SFB's gross and net NPA ratio were 2.1 per cent and 0.3 per cent in March 2024. The ratios were at 2.6 per cent and 0.4 per cent as on March 2023

Have no immediate requirement to be a universal bank: Suryoday SFB MD & CEO

Ramachandran says it is at least two years before the lender considers becoming a universal bank

The 'default' path: PSBs classify Reliance Infrastructure's SPV as NPA

The agency also downgraded the long-term rating to C from B on a Rs 15.61 crore loan

PSB loan growth lags industry; cautious approach to protect margins

According to RBI, the share of external benchmark linked loans (EBLR) in total outstanding floating rate loans increased to 56.2 per cent as at end-December 2023 from 49.6 per cent in March 2023

RBI set to meet ARCs on May 17; may discuss borrowing, settlement process

At present, there are no regulatory mechanisms in place for such funding

RBI urges gold loan NBFCs to strictly comply with norms amid biz surge

RBI took stock of the gold loan business of non-banking finance companies after one of them - IIFL Finance faced regulatory restriction for violating norms

India Inc including NBFCs files ECB intent worth $7.73 billion in March

Amongst prominent companies which filed intent include private steel producer JSW Steel - $ 900 million, public sector power sector unit NTPC - $ 745.2 million and Power Finance Corporation - $ 450 mn

Lok Sabha elections 2024: Phase-IV records 63% voting among 96 seats

Polling in Srinagar highest since 1996 Lok Sabha elections at 37%

Have restrained ourselves from taking SFB route: CreditAccess Grameen MD

Hebbar tells that it is diversifying its loan portfolio by increasing the share of non-micro loans and the liability book by raising funds internationally

RBI project finance norms: Will absorb additional provision, says SBI chief

Provision buffer of Rs 33, 000 crore sufficient for ECL norms

RBI asks NBFCs not to lend more than Rs 20,000 in cash for gold loan

NBFCs are required to maintain a Loan-to-Value (LTV) ratio not exceeding 75 per cent for loans granted against the collateral of gold jewellery

RBI removes restrictions on BoB app, allows new customer enrollment

Bank will now on-board customers through mobile app

Commercial banks for 1-2% project finance provisioning; RBI proposed 5%

Industry sees short-term pain

Want to bring down retail loan growth: YES Bank MD & CEO Prashant Kumar

Kumar says the core capital of the bank is set to improve after investors - Carlyle group and Advent International - convert the warrants into equity

Go First won't move against Delhi High Court order, set for liquidation

Go First filed for bankruptcy in May 2023. Since then, the lessors of these aircraft have been locked in a battle with the former owner of the airline and others to take control of their aircraft

RBI proposes floor for banks' loan exposure for project finance

Standard asset provision suggested at 5 per cent in a phased manner

Small finance banks to seek RBI clarification on loan book diversification

The AU SFB board will discuss future course of action soon. It says the focus is now on integrating with Fincare

RBI proposes to bring NBFCs, co-op banks under operational risk norms

The 2005 guidance on the issue, which will be repealed, was aimed only at commercial banks

Jana SFB may apply for universal bank licence in next financial year

Last week, the Reserve Bank of India spelt out a glide path for SFBs to convert into universal banks.