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Form 10-Q GREENE COUNTY BANCORP For: Mar 31

Form 10-Q GREENE COUNTY BANCORP For: Mar 31
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Hyderabad District Co-op Central Bank penalized

The Reserve Bank of India has imposed a monetary penalty of Rs 2 lakh on the Hyderabad District Co-Operative Central Bank Ltd., Hyderabad, Telangana. ....

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RBI slaps fines on 5 banks totalling Rs 6.35 lakh for violating directions

In all cases, the discrepancies were revealed in the inspection report of the banks based on their financial position as on March 31, 2020.
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RBI says NBFC profitability may come under pressure

RBI says NBFC profitability may come under pressure
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The stronger and the deposit-taking NBFCs may however fare better as many have reported strong revival in disbursements and collections, almost to pre-COVID levels, the regulator observed.
Agencies
Lending to micro, small and medium enterprises (MSME) by NBFCs however picked up in 2019-20, thanks to growth in lending by NBFCs-MFI, especially in the micro and small credit segment.
Profitability of non-banking finance companies (NBFCs) may be impacted due to loan impairment, lower credit demand and a tendency to preserve cash, Reserve Bank of India said in its report on Trends and Progress of Banking in India. ....

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