HDFC Bank and Yes Bank have for June quarter shown shrinkage in retail loan book; indicates how second wave of coronavirus has hurt consumer demand and damaged the economy.
Bad loans could swell to 11.22% of the advances under a severe stress scenario, RBI said; there is incipient signs of stress among medium and small units.
RBI asks banks to monitor their exposures to retail and small businesses; stress in MSME segment remains high in PSBs.
Capital and liquidity buffers are reasonably resilient to withstand future shocks, RBI Guv Shaktikanta Das said.
Capital and liquidity buffers are reasonably resilient to withstand future shocks, RBI Guv Shaktikanta Das said.
Bad loans could swell to 11.22% of the advances under a severe stress scenario, RBI said; there is incipient signs of stress among medium and small units.
Centrum group needs to transfer stake in small finance bank to non-operative financial holding firm. Other conditions relate to capital infusion, listing and corporate structure.
RBI issues guidelines on distribution of dividends by NBFCs; move to infuse greater transparency and uniformity in practice.
CSB Bank enters into a partnership with the NBFC to source and manage retail gold loan assets. This will help the bank to penetrate into the lower strata of customers and rural areas.
RBI grants in-principle nod to Centrum to set up a small finance bank. BharatPe to have 50% stake in the SFB. Amalgamation of PMC Bank is next step.
Canara Bank will be lead sponsor of National Asset Reconstruction Company Ltd with 12% stake in the bad bank entity.
