BANKS

More in BANKS

• No harm in taking some money off the table in power finance companies, PSU banks: Gurmeet Chadha

  Gurmeet Chadha suggests investments in tier II banks, good NBFCs like Poonawalla UGRO. He discusses impacts on stocks like PFC, REC, IREDA due to RBI norms. Chadha also mentions the excitement around Aadhar IPO and counter cyclical investments in various sectors.

  

• Banks' commercial real estate exposure nears Rs 4 lakh crore

  The surge in lending to the sector is attributed to various factors including stronger regulations, deleveraging by listed developers, and the increasing presence of Real Estate Investment Trusts.

  

• Digital fraud-hit banks turn to startups to cope with risks

  Legacy financial institutions turn to startups like Data Sutram for tech support in customer verification. Data Sutram's 'DS Authenticator Trust Score' aids in assessing customer trust levels during account opening. Bureau Inc's 'Money Mule Score' enhances fraud detection.

  

• Banks may challenge CBI's retro touch to fraud accounts

  Last year, the highest court had ruled that a borrower must be given a hearing before labelling the account as 'fraud'. Now, CBI, which is probing many of these cases, insist that the SC verdict stands for all fraud accounts - new as well as old cases - but banks assert that the SC ruling cannot be given 'retrospective' effect to cover borrowers listed as frauds before the ruling.

  

• RBI proposes minimum loan exposure for project finance by banks

  For projects with aggregate exposure up to Rs 1,500 crore, individual lenders must maintain a minimum exposure of at least 10 percent of the total project exposure.

  

• Biz, trade caught between cyber cops & banks

  Restaurants, retailers, small traders, companies face frozen funds due to cybercrimes. Urging action from finance ministry, LEAs, police. I4C initiative tackles cybercrimes. Banks, LEAs face frozen funds challenges.

  

• Gen AI to boost bank revenues by 6% in 3 years: Report

  A recent report by Accenture highlighted how Generative AI could boost a bank's revenue, impact bank employees’ time by function and help evolve 20 largest roles across banks. Here's what it revealed:

  

• PSBs told to speed up recovery at tribunals

  As per latest data from the finance ministry, around 215,000 cases are pending before DRTs till January 2024, of which 162,000 are original applications (OAs) filed under Section 19 of Recovery of Debts and Bankruptcy Act (RDB Act), 1993. RBI data showed in FY23, around 58,000 cases with amounts totalling about ₹4.02 lakh crore were referred to DRTs.

  

• RBI cautions banks on gold loan disbursals through fintech startups

  RBI cautions banks on gold loan disbursement concerns through fintechs like Rupeek, IndiaGold, and Oro Money. Banks evaluating next steps post IIFL Finance issue. Asset quality improved at Rupeek, with partnerships with Federal Bank, Indian Bank, and South Indian Bank.

  

• PSBs told to speed up recovery at tribunals

  As per latest data from the finance ministry, around 215,000 cases are pending before DRTs till January 2024, of which 162,000 are original applications (OAs) filed under Section 19 of Recovery of Debts and Bankruptcy Act (RDB Act), 1993. RBI data showed in FY23, around 58,000 cases with amounts totalling about ₹4.02 lakh crore were referred to DRTs.

  

• RBI cautions banks on gold loan disbursals through fintech startups

  RBI cautions banks on gold loan disbursement concerns through fintechs like Rupeek, IndiaGold, and Oro Money. Banks evaluating next steps post IIFL Finance issue. Asset quality improved at Rupeek, with partnerships with Federal Bank, Indian Bank, and South Indian Bank.