MSME loans worth Rs 7,995 crore had been retained by banks as standard under this central bank notification.A big chunk of loans to micro, small and medium enterprises (MSME) worth some Rs 15,000 crore could slip over the next 10 months. In fact, the bigger chunk could slip...
There are more than 11 DCCBs in Maharashtra that are ailing and three major DCCBs — Wardha, Buldhana and Nagpur — would be the first where MSC Bank intends to run this pilot.In a bid to help ailing District Central Cooperative Banks (DCCBs) in the state, Maharashtra State...
The association sought to distinguish NBFCs from housing finance companies (HFCs).In order to tide over the ongoing liquidity crisis, an industry body has sought a dedicated liquidity window for non-banking finance companies (NBFCs) through the banking channel, classification of bank loans to NBFCs as priority sector lending (PSL) and...
Dinesh Kumar Khara, managing director, global banking and subsidiaries, SBI.State Bank of India (SBI) will begin deliberations on listing its credit card subsidiary SBI Card after July, Dinesh Kumar Khara, managing director, global banking and subsidiaries, SBI, tells Shritama Bose. Banks are differentiating between non-banking financial companies (NBFCs)...
While PNB, Allahabad Bank and UCO Bank have been fined Rs 50 lakh each, a Rs 25-lakh penalty has been imposed on Corporation Bank. (Reuters)The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.75 crore on four public-sector banks, including PNB and UCO Bank, for...