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State government borrowings in Q2 pegged at 9% less than previous year

Mumbai, July 3 -- The Reserve Bank of India (RBI) has pegged market borrowing of 26 state governments and one Union Territory (UT) in Q2 FY22 at Rs.1.69 trillion, 9% lower than the total state develop... Read More


Collection efficiency drops in non-bank securitized pools in May: Icra

MUMBAI, July 2 -- Post rebounding to the pre-pandemic level in Q4 of FY21, the monthly collection efficiency of Icra-rated retail loan pools originated by non-banks and finance companies dropped 10-35... Read More


Voda Idea debt recast of little use, say banks

New Delhi, July 2 -- Lenders to cash-strapped Vodafone Idea Ltd believe the government must step in to rescue the telco and that a debt recast would be of little use. This is because the bulk of bank... Read More


Non-bank financiers' asset quality improved despite covid-19

Mumbai, July 2 -- The pandemic conditions during the year notwithstanding, gross non-performing asset (NPA) ratio for India's non-bank financiers declined with a more-than-commensurate fall in the net... Read More


Bank of Baroda discontinues cheque books of former Vijaya Bank, Dena Bank

MUMBAI, July 1 -- State-owned Bank of Baroda said it will discontinue cheque books of former Vijaya Bank and Dena Bank, effective Thursday. "Customers have been advised to replace the old cheque book... Read More


Covid 2.0 dented consumer credit demand, says RBI

New Delhi, July 1 -- The pandemic's second wave severely dented demand for consumer credit with a steep fall in inquiries across product categories in April, the Reserve Bank of India (RBI) said on Th... Read More


Second wave affected consumer credit demand, PSBs fare better on asset quality

New Delhi, July 1 -- The second wave of covid-19 sharply affected consumer credit demand, with a steep fall in inquiries across product categories in April, the Reserve Bank of India (RBI) said on Thu... Read More


Second wave affected consumer credit demand, PSBs fared better on asset quality: RBI report

New Delhi, July 1 -- The second wave of covid-19 sharply affected consumer credit demand, with a steep fall in inquiries across product categories in April, the Reserve Bank of India (RBI) said on Thu... Read More


RBI identifies probable related party loans given by Srei group

Mumbai, July 1 -- The Reserve Bank of India (RBI) has identified probable related-party lending activity by the Srei group during 2019-20, the lender said in a regulatory disclosure on Thursday. The c... Read More


Reserve Bank tightens leash on cooperative lenders' ops

Mumbai, July 1 -- The Reserve Bank of India (RBI) has significantly tightened the screws on cooperative banks, enforcing powers granted by legislative changes last year to clean up a system bogged dow... Read More