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SBI's Mudra NPAs at 15%, loan book stabilized, says Rajnish Kumar

Mumbai, June 18 -- While close to 15% of State Bank of India's (SBI) loans under the Pradhan Mantri Mudra Yojana (PMMY) have turned bad, the bank has been able stabilise the portfolio by introducing e... Read More


Coercive loan recovery on rbi's radar

mumbai, June 18 -- The Reserve Bank of India (RBI) is set to issue an advisory cautioning lenders against using aggressive tactics to collect payments following complaints that some app-based lenders ... Read More


Coercive loan recovery under central bank lens

Mumbai, June 17 -- The Reserve Bank of India (RBI) is set to issue an advisory cautioning lenders against using aggressive tactics to collect payments following complaints that some app-based lenders ... Read More


Coercive loan recovery under central bank lens

mumbai, June 17 -- The Reserve Bank of India (RBI) is set to issue an advisory cautioning lenders against using aggressive tactics to collect payments following complaints that some app-based lenders ... Read More


Wary of infections, people shun ATMs

Mumbai, June 16 -- A lengthy lockdown and the fear of infections from mass-use ATMs prompted many Indians to turn to Aadhaar-enabled Payment System (AePS) and point of sale (PoS) terminals to withdraw... Read More


Alternate means of cash withdrawals find favour as people shun ATMs

MUMBAI, June 15 -- Alternate channels of cash withdrawals like Aadhaar-enabled Payment System (AePS) and point of sale (PoS) terminals grew faster during the lockdown than traditional ATMs, latest RBI... Read More


CSB Bank posts net loss of Rs59.6 crore in Q4

Mumbai, June 15 -- Private sector lender CSB Bank Ltd on Monday reported a net loss of Rs.59.6 crore in the three months to March 2020, narrower than a loss of Rs.150.6 crore it reported in the same p... Read More


India's GDP contraction to significantly hurt small businesses, says Crisil

Mumbai, June 15 -- The expected contraction in the Indian economy in FY21 due to the coronavirus outbreak, will significantly hurt micro, small and medium enterprises (MSMEs) across sectors, said a re... Read More


Banks rely on 'soft calls' to keep recoveries flowing amid lockdown

MUMBAI, June 14 -- Indian banks rely on 'soft calls' and nudge to recover overdue loans from delinquent borrowers as restrictions on the movement of collection executives remain despite easing of the ... Read More


Incremental bank credit shrinks '1.76 tn

Mumbai, June 12 -- The erosion in incremental bank credit since the start of the nationwide lockdown continues unabated, with the decline between 27 March and 22 May at '1.76 trillion. According to d... Read More