Business  /  Published 20.12.21

NBFCs fear forced asset sale

The Reserve Bank’s prompt corrective action framework unveiled for non-banking finance companies could see the weaker shadow lenders resort to higher provisions or sales to asset reconstruction ...
By Our Special Correspondent in Mumbai

Business  /  Published 20.12.21

PSU banks selloff bill date slip

The much awaited privatisation of two state-owned banks will be delayed with the Modi government unlikely to table Banking Laws (Amendment) Bill 2021 in the ongoing session of Parliament. With the Wi...
By R. Suryamurthy in New Delhi

News  /  Published 18.12.21

Strike keeps ATMs shut in Kolkata, union threatens more strikes

A man who runs a bakery on the city’s western fringes went to New Market to buy raw material for Christmas cakes on Friday. The visit turned into an ordeal as every ATM he stopped by was &ldquo...
By Debraj Mitra, Pinak Ghosh in Kolkata

News  /  Published 17.12.21

Shut ATMs in Kolkata on Day 1 of bank strike spell trouble for customers

“I have an NRI client whose son is getting married on Sunday. The mehndi ceremony is on Saturday. They had to pay multiple vendors but the strike has come like a bolt from the blue,” said ...
By Debraj Mitra, Pinak Ghosh in Kolkata

Business  /  Published 16.12.21

MFI stress eases in Q2

Stress on the microfinance sector has eased during the July-September quarter after a spike in the April-June period because of the second wave of the Covid pandemic. The 30 days past due portfolio f...
By A Staff Reporter in Calcutta


Business  /  Published 15.12.21

Tough regulatory hoops for shadow banks

The Reserve Bank of India has extended its tough, prompt corrective action (PCA) framework to non-banking finance companies that fail to meet prudential performance thresholds. The PCA framework, whi...
By Our Special Correspondent in Mumbai

Business  /  Published 14.12.21

Shriram merges NBFC arms

The Shriram group on Monday announced the much awaited restructuring of its operations as it strives to become the No. 1 NBFC in the country with assets under management (AUM) of Rs 1.5 lakh crore. U...
By Our Special Correspondent in Mumbai

Campus  /  Published 12.12.21

Students of Modern High School for Girls attend two-day workshop on financial literacy

Students of Classes IX and XI learned about the fundamentals of banking, digital transactions and cyber security...
By Subhadrika Sen

Business  /  Published 27.11.21

26% cap on bank promoter stake

The Reserve Bank of India has raised the ceiling for long-run promoters’ holding in banks at 26 per cent of the paid-up equity share capital from 15 per cent earlier but ducked a decision on a c...
By Our Special Correspondent in Mumbai

Business  /  Published 23.11.21

'Govt pursuing loan defaulters'

Union Finance Minister Nirmala Sitharaman on Tuesday said all the money taken away from the banks will be taken back as the government is actively pursuing the cases of loan defaulters, irrespective o...
By Our Bureau, PTI in Jammu


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