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Why tracking your credit score has become more important than ever
Banks are linking loan interest rates to the credit profiles of customers, meaning late payments can hurt you.
PM Modi’s pet schemes underperforming in Gujarat: Report
Stress faced by certain industries, drought in some areas hurt patronage of financial schemes for MSMEs, says State Level Bankers’ Committee report
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Unsecured bank loans rise four-times in FY15-18: Crisil
Growth in unsecured loans is on account of a surge in discretionary spending, increased availability of customer data, faster disbursements driven by technology, and lower interest rates in some segments.
Loan-pricing systems: For better transmission, RBI in search of yet another benchmark
After prime lending rate, benchmark prime lending rate, base rate and marginal cost of funds-based lending rate, the central bank is planning to come up with another system to price loans.
Centre plans indemnity for bankers to tackle bad loan menace
FinMin seeks views on setting up external committee to approve one-time NPA settlement applications of PSBs.
Bad loans: Reform the banking system, Supreme Court tells govt
A bench led by Chief Justice T S Thakur said that a “sensible and sensitive” approach is required to overhaul the entire system, which today has scores of people and entities with outstanding to the tunes of crore of rupees.
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Banking on reforms: RBI's new norms can help promote efficient lending practices
RBI’s new norms on purchase and sale of PSL certificates can help some banks avoid targeted lending — a drag on those with expertise in other sectors— and promote efficient lending practices.
Why bad loans aren’t govt banks’ only problem
The legacy of unplanned hiring in past decades, the dizzying pace of recent technological change, and the new, unprecedented competition threaten to reduce Indian government banks to zombies five years from now, says P Vaidyanathan Iyer.
Facts dispute claims by banks: write-off gallops, recovery crawls
In the last three years, public sector banks have written off Rs 1,14,000 crore as reported by The Indian Express on February 8. The Finance Ministry, RBI and SBI sent separate letters to the newspaper arguing that write-offs did not mean all was lost.
Debt deja vu
Merely rescuing the banking system from the existing emergency will only clear the way to the next one. Policy should go into causal factors.
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