The Basel III norms recommend risk-weights for various credit exposures, based on cumulative default rates (CDR) and recovery rates observed internationally. The Reserve Bank Friday warned that with high bad loans and inadequate provisioning to cover the same, any relaxation in the regulatory capital requirement or risk-weights could be...
According to the central bank, the survey will cover a sample of 6,000 individuals from different socio-economic background across six cities, viz., Delhi, Mumbai Kolkata, Chennai, Bengaluru and Guwahati. (Reuters) The Reserve Bank of India (RBI) has launched a survey to understand the “Retail Payment Habits of Individuals” (SRPHi)....
The deficit can be attributed to the expansion in currency circulation, fuelled by the wedding season and year-end demand. The Reserve Bank of India (RBI) is learnt to have allowed the National Housing Bank (NHB) to raise its refinance limit to Rs 50,000 crore from Rs 30,000 crore for...
Of these, 25 general insurance companies wrote gross direct premium of Rs 11,498.11 crore, up 26.4 per cent from November 2017. The total premium collected by non-life insurance companies rose 26.5 per cent to Rs 12,551.26 crore in November 2018, according to Irdai data. The 33 companies in the...
Banking Secretary Rajiv Kumar was also present at the meeting, he said. “Today, the problem is risk aversion, because of one failure, people don’t want to lend to NBFCs and HFCs (housing finance companies),” he said, in an apparent reference to IL&FS. (PTI) Representatives from NBFCs and housing finance...
The magnitude of the scam shook the entire banking system and PNB is still trying to overcome this. First, loans went kaput and borrowers left the country after defaulting on payments or committing frauds, then high-profile bankers were forced to leave and even the top central banker quit in...
The strike is likely to affect the country’s banking sector. (Representational image: Express photo) Services of banks are likely to be affected on Wednesday due to a nationwide strike call given by the United Forum of Bank Unions (UFBU) to protest against bank mergers and pay revision. The strike...
Yes Bank to use data analytics to offer right mix of products With an increasing focus on retail customers, Yes Bank is now churning data to understand customer behaviour and offer a right mix of products based on a predictability model, a senior official said. The bank has already...