Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
Reeling under strict restrictions with no access to communication since August 5 when the Centre announced its decision to end Jammu and Kashmir's special status under Article 370 and bifurcate the state into two union territories, the people in the Valley have been facing a hair-raising challenge of finding a hairdresser to have their unkempt beards trimmed and unruly locks chopped.
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
If you have availed a home loan from an NBFC, you can shift your existing home loan to a bank and benefit from the MCLR regime, suggests Ratan Choudhary, head - home loans, Paisabazaar.com.
A well-run non-banking company has better margins than a bank, but the objective of setting up Ujjivan was to provide comprehensive financial inclusion, Ujjivan Small Finance Bank MD & CEO Samit Ghosh tells Anup Roy in an interview.
Data used for the graph and cited elsewhere in the column were obtained from various publications of the RBI.
With gold prices on the rise, financial institutions are trying different ways to attract the customer.
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
The stakeholders want protection from any litigation which might arise due to fresh claims against the company, especially after PE funds have bought stake in the company and the resolution plan has been cleared by the bankers.
'People can start making a safety net, and that safety net should be at least three months of your monthly salary.' 'If somebody is earning Rs 25,000 then s/he should have at least Rs 75,000 in her/his bank account, so that if anything like this (lockdowns) happens in the future, they are not struggling.'
The government and Reserve Bank of India are considering a series of measures to enhance credit flow to the\n\nsmall scale industry at prime lending rates and on collateral security.
The RBI has targeted 6 per cent inflation by January and 4 per cent by March 2018.
'The Indian government wakes up after the fact when it can do nothing, or rather lacks the will to prosecute military actions to reverse these adverse PLA-driven developments.'
The chairman of mortgage giant HDFC Ltd in his annual letter to shareholders, also suggested a one-time restructuring of real estate loans, easing of external commercial borrowing rules and immediate changes in regulations to allow end-to-end execution of housing loans online.
In recent times, the multilateral lending agency extended financial aid to crisis-hit nations such as Greece and Romania.
Home loans also pose lower bad-debt risks for the banks than corporate loans.
Much before the human rights violation by the Pakistani Army became public through the media, a top American diplomat stationed in Islamabad had advised the US Government to keep reports of such abuses under wraps.
Reserve requirements, mandatory investment in G-secs under Companies Act may slow lending for HNI investment in IPOs.
Collateralisation of other loans and prior approval for additional leverage are things to watch out for
The ensuing liquidity crisis has prompted many MFIs to seek a moratorium on loan repayment to banks.MFIs raise 75-80 per cent of their funds via bank borrowings, 15 per cent from equity and another 10 per cent from other sources like cash securities.
Market regulator SEBI on Tuesday relaxed the reporting requirement on lending of securities by FIIs for the purpose of short selling.
RBI has also announced new guidelines to price loans from April 1.
Finance Minister Nirmala Sitharaman has rebutted Congress leaders Rahul Gandhi and Randeep Singh Surjewala's allegations regarding "wilful defaulters, bad loans and write-offs", and stated that they have "attempted to mislead people in a brazen manner".
'Amitabh Bachchan Sir said some nice and encouraging things about the trailer, the way I directed it and, of course, about Abhishek's performance.'
Leeway on CRR and SLR was a long-standing demand from banks, which the RBI did not agree to till recently.
Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging as a bright spot.
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
Nitish Kumar had a week's time to prove his majority, but Laloo Yadav made full use of Siwan don Mohammad Shahabuddin. A revealing excerpt from Rajesh Singh's Baahubalis Of Indian Politics: From Bullet To Ballot.
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
The Duff & Phelps report shows that Virat Kohli has increased his brand value by 40 per cent to $237.5 million in 2019 and taken a huge lead with his closest rival, Akshay Kumar, ranked second.
Highlights of RBI's third quarter review of monetary policy.
Concerned over reports that Mumbai terror suspect David Headley may enter into a plea bargain with prosecutors in Chicago, Indian security establishment feels that it would lend credence to suspicions that he may have been working for the Americans.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
Banking shares are down up to 11% after the Reserve Bank of India has increased the policy repo rate by 25 basis points from 7.25% to 7.5% with immediate effect.
'The first year of the Modi government's second term has laid the roadmap for the future and we will embark on it with gusto,' promises Gopal Krishna Agrawal, the BJP's national spokesperson on economic affairs.
On February 22, 2013, the Reserve Bank of India issued guidelines on 'Licensing of New Banks in the Private Sector'.
Unless Dr Urjit Patel starts clearing the balance sheets of banks, the investment cycle will not start. Unless the clog in the drain is cleared, further lending cannot happen. If further lending doesn't happen, the investment cycle also will not happen, writes M R Venkatesh.
'The huge amount of investments being made by telcos in India for telecom gear, there is no way this demand could be met only by Europeans.' 'The Chinese are quick in installation and offer great value for money.'
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