RBI extends timeline for easier asset sale by NBFCs

The rules for securitisation transactions were first relaxed on November 29, 2018, months after a liquidity crisis emerged in the wake of the collapse of the Infrastructure Leasing & Financial Services (IL&FS) group.

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RBL Bank raises Rs 676 crore via preferential issue of shares

After the preferential issue and qualified institutional placement earlier in December, the total capital raised by the lender stood at Rs 2,701 crore.

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Turmoil in the banking landscape: Year of reckoning for PSU Banks

As the economy adjusts to the new reality like technology-driven financial services, a robust bankruptcy law, vanishing ‘phone banking’ and plethora of competition from unknown quarters, the Goliaths of Indian finance face the formidable task of remaining relevant — and surviving momentous change.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QbwZ5Q

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Extend deadline for inter-creditor pacts: Banks to RBI

Banks are willing to make the additional 20% provision that breaching the deadline entails but want the window of resolution open until the March 31 financial year end to avoid the value destruction that they say would follow by taking the NCLT route as prescribed by the Insolvency and Bankruptcy Code (IBC).

from Banking/Finance-Industry-Economic Times https://ift.tt/2FbGonG

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Banks continue to remain wary of lending to NBFCs

Banks undertake purchase of retail pools under the securitization mode to meet their priority sector and retail lending requirements. As per central bank rules, the risk and rewards of the securitization pool is to be borne by the buyer without any recourse of credit loss to the seller.

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