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Banks for status quo on project finance provisioning norms

Banks for status quo on project finance provisioning norms
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Blanket 5% infra provisions to hurt both lenders and project viability: Banks to RBI

Bankers have said the norms be subsumed within new provisioning rules that will require lenders to pre-empt assessment on potential losses. “RBI is also in the process of finalising the expected credit loss (ECL) based provisioning guidelines,” said a senior bank executive. "So, there is a suggestion that these infrastructure norms be subsumed into those.”

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Most bank frauds are 3rd-party scams: IBA

India Business News: MUMBAI: Indian Banks' Association chairman M V Rao has said that the threefold increase in bank frauds reported in RBI's annual reports is largely due.

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Business News: PSU bank employees to go on two-day strike from Thursday; services likely to be hit

Business News: PSU bank employees to go on two-day strike from Thursday; services likely to be hit
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international credit card spends: Banks seek one more month to comply with international card spend rule

international credit card spends: Banks seek one more month to comply with international card spend rule
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