Page 9 - Indian Banking Sector
Digital dangers
Unauthorised lending apps must be stopped
That sinking feeling?
Book review of Pandemonium: The Great Indian Banking Tragedy
 "That sinking feeling?")
RTGS: From today, you can make high value money transfers round-the-clock
RTGS for high-value transactions will become available round-the-clock from 00:30 hours Monday onwards, making India one of the few countries in the world to operate the system 24X7
 "RTGS: From today, you can make high value money transfers round-the-clock")
Banks sanctioned Rs 2 trn loans to MSMEs for Covid-19 impact: FM Sitharaman
Banks sanctioned loans worth Rs 2 trillion to about 81 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme for the MSME sector that was impacted by Covid, Sitharaman said
 "Banks sanctioned Rs 2 trn loans to MSMEs for Covid-19 impact: FM Sitharaman")
Free-for-all apps: Avail bank facilities even if you are not a card holder
ICICI is not alone to bring this concept forward. State Bank of India, has also announced to make its app open for all in 30 days
 "Free-for-all apps: Avail bank facilities even if you are not a card holder")
RBI asks banks to retain profit, not make any dividend payment for FY20
In view of the economic shock caused by Covid-19, the Reserve Bank of India asked scheduled commercial banks and co-operative banks not to make any dividends for the financial year ended March 2020
 "RBI asks banks to retain profit, not make any dividend payment for FY20")
RTGS to be made available 24X7 in next few days: RBI Governor
RBI said that the Real Time Gross Settlement (RTGS) system, used for large value transactions, will be made available round-the-clock in the next few days
 "RTGS to be made available 24X7 in next few days: RBI Governor")
Why few NBFCs want to become banks despite RBI's new recommendations
Cost of doing business, regulatory arbitrage, customer profile key parameters
 "Why few NBFCs want to become banks despite RBI's new recommendations")
Bad loans in Indian banking sector to rise in next 12-18 months: S&P
Non-performing loans in the Indian banking sector is likely to witness an uptick and may shoot up to 11 per cent of gross loans in the next 12-18 months, S&P Global Ratings said on Tuesday. It said forbearance is "masking" problem assets for Indian banks arising from COVID-19 and the financial institutions will likely have trouble maintaining momentum after the proportion of Non-performing loans (NPL) to total loans declined consistently so far this year. "While financial institutions performed better than we expected in the second quarter, much of this is due to the six-month loan moratorium, as well as a Supreme Court ruling barring banks from classifying any borrower as a non performing asset," S&P Global Ratings credit analyst Deepali Seth-Chhabria said. In its report titled "The Stress Fractures In Indian Financial Institutions", S&P said with loan repayment moratoriums having ended on August 31, 2020, NPLs in the banking sector will likely shoot up to 10-11 per cent .
 "Bad loans in Indian banking sector to rise in next 12-18 months: S&P")
Bank and NBFC stocks seen cheering RBI's proposals on widening ownership
While questions remain, RBI panel's recommendations, if implemented, could result in structural changes for the sector
 "Bank and NBFC stocks seen cheering RBI's proposals on widening ownership")
Banking reforms: The real metrics
Under Shaktikanta Das, RBI has been moving speedily on banking reforms. The most crucial question is, will any of this mean a big difference to the quality and cost of banking services for depositors?
 "Banking reforms: The real metrics")
Prudent regulation
Banks promoted by business houses would raise systemic risk
Three messages from the Lakshmi Vilas Bank deal
It sends a strong signal to promoters and influential investors in the not-so-well-run banks to behave or lose their shirt
 "Three messages from the Lakshmi Vilas Bank deal")
Lakshmi Vilas Bank failed and this time India is getting a rescue right
India called upon called upon a foreign institution to take over Lakshmi Vilas Bank's assets and liabilities. That should stoke interest of other global banks
Reducing promoter stake in private banks: RBI panel for nuanced approach
The RBI committee has recommended doing away with one size fits all approach to private banks' ownership
 "Reducing promoter stake in private banks: RBI panel for nuanced approach")
The crisis at Lakshmi Vilas Bank and how does it impact you? Explained
In this podcast, Business Standard's T E Narasimhan explains how does the crisis at Lakshmi Vilas Bank impact customers, will LVB's shareholders get anything, are jobs in LVB at stake and more
Best of BS Opinion: Making a mockery of arbitration, LVB crisis, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Making a mockery of arbitration, LVB crisis, and more")
RBI's out-of-the-box solutions may strengthen India's banking sector
Whether YES Bank, PMC Bank or LVB, year 2020 has seen the regulator taking market-oriented solutions to rescue failed banks
 "RBI's out-of-the-box solutions may strengthen India's banking sector")
SMBC expands footprint, invests $600 million in India operations
The corporation has invested $600 mn in its Indian operations in 2020
 "SMBC expands footprint, invests $600 million in India operations")
Banks to charge for deposits & withdrawals, Cong says 'Kamar Tod Tohfa'
Customers in some banks will now have to start paying fees for deposit and withdrawal of money.
 "Banks to charge for deposits & withdrawals, Cong says 'Kamar Tod Tohfa'")
