Thursday , March 23 2017

Banking & Finance News

Finance Ministry to Re-Consider on Surplus Cash Absorption by Banks

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Finance Ministry had called Bankers into a meeting to address the absorption of surplus cash in the banking system According to a leading news agency, the Finance Ministry, on Friday had called the bankers for a meeting to discuss on the surplus cash in Banking System. And it was decided that ...

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Banking stocks will fall for four sessions in a row over lending woes

Banking

Banking stocks are being under pressure on account of recent loan-waiver announcement by various political parties Banking stocks fell for the fourth consecutive session after the Reserve Bank of India’s credit growth data suggested that the banking system is struggling to lend despite the higher liquidity. And also, the recent ...

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Merger of Mahila Bank, State Bank of India to ensure an affordable credit to women

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The decision to merge the Bharatiya Mahila Bank (BMB) with State Bank of India (SBI) is aimed for ensuring greater banking services to outreach a larger number of women and at a faster pace, the finance ministry said. The decision have been taken to merge the Bharatiya Mahila Bank (BMB) ...

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PM Narendra Modi revisits economic reform agenda after BJP’s victory in UP

Modi

Prime Minister Narendra Modi after victory in UP elections,  now revisits economic reform agenda to boost growth and Jobs.  Prime Minister Narendra Modi, fresh from his election victory in Uttar Pradesh, now has a chance to advance his economic reform agenda. Surprisingly the voters in Uttar Pradesh supported the Bharatiya Janata ...

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NBFCs and Private Equity (PE) Firms to lLend Real Estate Companies

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Private Equities and NBFCs back developers have come into the rescue of Real Estate Developers, as banks are reluctant to lend the Real Estate Developers Non-Banking Financial Companies (NBFCs) and Private Equity (PE) firms are willing to lend the real estate companies, which were denied by Public and Private Banks. ...

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RBI’s Cap on Cash Might Impact NBFC Cash Against Gold

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RBI’s new decision on cap on cash against Gold loans keeps NBFC firms under scrutiny   Manappuram Finance and Muthoot Finance, popular Gold financing NBFC Firms, witnessed immense selling pressure at the bourses this Friday. This was due to Reserve Bank of India decision stating that NBFCs cannot lend more than 20,000 ...

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Currency Circulation drops to Rs 11.73 lakh cr, after Demonetisation

combo-currency

Demonetisation after effects, led Currency Circulation drop to Rs 11.73 lakh cr.  Gradually, Demonetisation is showing its’ side effects. The aggregate of currency notes in circulation has decreased to a quarter to Rs 11.73 lakh crore, which is informed to the Parliament today. The value was observed to be progressively ...

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RBI may offer three month extension for repayment of microloans

Microfinance

The Reserve Bank of India (RBI) may offer a three-month repayment extension to customers whose loans were due from November 1, 2016, to December 31, 2016.  In a bid to ease loan default burden at Microfinance Institutions (MFIs), the RBI  may offer a three-month repayment extension to customers whose loans ...

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Demonetisation Might Impact Some Sectors in Q4

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RBI predicts that Demonetisation effect could extend this fourth quarter (January to March, Q4). Some of the Sector might be susceptible to its impact. The Demonetisation impact can be observed in the fourth quarter (January to March, Q4) of the current financial year (2016-17, FY17), when some sectors will be susceptible to the ...

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