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Union Cabinet Clears Proposal To Provide Rs 30,600 Crore Govt Guarantee for Bad Bank

SBI s net banking services to be hit for 2 hours on Sept 15

SBI s net banking services to be hit for 2 hours on Sept 15
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

Nifty: Market Watch: How should investors position themselves in financial stocks?

Nifty: Market Watch: How should investors position themselves in financial stocks?
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Banks need to closely monitor asset quality, prepare for higher provisioning: RBI

Banks need to closely monitor asset quality, prepare for higher provisioning: RBI SECTIONS Last Updated: May 27, 2021, 05:00 PM IST Share Synopsis The waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020 may put stress on banks financial health. The apex bank, however, expressed confidence that banks are better positioned than before in managing stress in their balance sheets in view of higher capital buffers, improvement in recoveries and a return to profitability. The waiving of interest on interest charged on loans during moratorium period (March 1, 2020 to August 31, 2020) may also impinge on lending institutions finances. (Representative image)

Govt may soon approve proposed bad bank, though with some riders

Govt may soon approve proposed bad bank, though with some riders In the first phase, 70-80 stressed assets worth Rs 500 crore and above will be taken over by the ARC, adding up to about Rs 3 lakh crore of bad loans. Synopsis The rider is to ensure that non-performing assets (NPAs) are not sold at inflated prices. Also, the government will offer a sovereign guarantee to security receipts (SR) issued by the ARC only when the asset is bought under a certain haircut band. The government is expected to soon clear the proposed asset reconstruction company (ARC) that will take over stressed debt, though the promised sovereign support for the bad bank is likely to come with some riders.

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