Page 2 - Banking Regulation

Officials hope tough regulations could eventually let NBFCs into banking

RBI accepted 21 of 33 recommendations of internal working group, the key being allowing promoters to hold 26% in the bank they floated. RBI did not mention corporate and NBFC issues in its guidelines

RBI sets up external advisory committee for evaluating banking applications

The committee set up by the RBI has five members with Shyamala Gopinathan, former deputy governor, RBI as the chairperson

DFI likely to be set up with IIFCL's paid-up capital of Rs 10,000 crore

To have lower minimum capital adequacy ratio than NBFCs; IIFCL to clean up its Rs 4,500-crore bad loans

The BIC's time to resolve recap issues is now

Inadequately capitalised banks will face problems in increasing their credit portfolios. A credit squeeze on account of banks' balance-sheet constraints would also have larger macroeconomic dimensions

Best of BS Opinion: Correct course on tariffs, regulating NBFCs, and more

Here's a selection of Business Standard opinion pieces for the day

Strengthening regulation

Growth of NBFCs needs better supervision by RBI

Expect banking revival in 2021

The potential turnaround in banking means the government does not need to act in haste, only to repent at leisure

IOB expects resolution of NPAs worth Rs 18,000 cr in 2nd half of FY21

On the back of resolution and pick up in advances, the bank aims to bring down the gross NPAs below 10 per cent mark by March.

Dhanlaxmi Bank CEO case to test primacy of RBI over banks' shareholders

The removal of CEO Sunil Gurbaxani has led the private banking system into uncharted waters

Rajya Sabha passes Banking Regulation (Amendment) Bill, 2020

The Rajya Sabha passed the Banking Regulation (Amendment) Bill 2020 through a voice vote on Tuesday

Former RBI governor Urjit Patel pens book on dealing with NPA issue

Patel's book description says that sovereigns do not need to earn or save before spending money. They can either print or borrow.

It's the incentives, stupid

The most important post-mortem required after the YES Bank crisis is about flawed incentives of bankers and officials

To avoid PMC-like crises, Cabinet approves banking regulation amendment law

The Union Cabinet was chaired by Prime Minister Narendra Modi

Customer confidence in new-age banking system is increasing: Bain report

A fallout of that is the leakage of business from retail banks to these new age players, which are becoming bigger with each passing year

150,000 bankers to discuss how to make India $5-trillion economy by 2024

To contain high bad loans in the MUDRA scheme, the managers suggested that a national portal be floated to verify the borrower and whether multiple lending has happened

Banking on simplicity and fairness

If we need want to improve customer experience and make banking fair and transparent, our policymakers need to allow digital banks in India now