Bank, NBFC stocks fall as RBI tightens norms for personal loans; SBI, Axis Bank top losers
The RBI has increased the risk weights on unsecured consumer loans, including credit cards, by 25% for both banks and NBFCs.
The RBI has increased the risk weights on unsecured consumer loans, including credit cards, by 25% for both banks and NBFCs.
The country’s biggest lender will transfer the accounts in phases by the end of FY22.
The new guarantee to all Security Receipt holders that in the event of a shortfall it is the government who will step in and pay from the public exchequer is a problematic development.
Asset reconstruction companies (ARCs) were set up in India to solve the NPA problem. India's 29 ARCs are a reflection of the success of the ecosystem in alleviating the stressed asset challenges.
Risk management software company BCT Digital CEO Jaya Vaidhyanathan says Indian banks will need to prepare for the worst while hoping for the best.
PE giant’s co-founder says ‘tough medicine’ needed to clean up banks’ balance sheets; government-central bank spats ‘not new’