Second wave of coronavirus impacts 12% of HDFC Bank’s staff in Q1, leading to fall in retail loan originations, sale of third-party products, card spends and efficiency in collection efforts.
It is an ironical coincidence that the new session of parliament begins on the day we celebrate our 52nd bank nationalisation anniv, writes Devidas Tuljapurkar.
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.
