Why NPCI and Facebook need urgent regulatory attention

Concerns over data sharing and storage, which delayed the launch of the messenger’s payments platform, have highlighted the need for urgent regulatory attention in the space

from Banking/Finance-Industry-The Economic Times https://ift.tt/2MeXHX9

Read more »

Modi’s NPA war: SBI looks at over Rs 40,000 crore recovery in FY19

Under IBC the lender's exposure in the first list of stressed accounts as referred by Reserve Bank of India was Rs 48,000 crore and for the second list, the exposure was to the tune of Rs 28,000 crore, he said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HxPlpS

Read more »

IBC’s objective is to keep the firm alive, says Bankruptcy Board chief MS Sahoo

Insolvency and Bankruptcy Board of India's (IBBI) Chairperson M.S. Sahoo on Saturday said the focus is on getting resolution in the corporate insolvency resolution process though liquidation is happening more in the initial stages.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JE5yz8

Read more »

‘Bad bank’ idea is back! What it is that Modi government mulling to resolve bad loans

Finance Minister Piyush Goyal on Friday said that a committee will come out with its recommendations on setting up an asset reconstruction or an asset management company for faster resolution of bad loans -- a concept that's similar to the idea of bad bank.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JuuB4t

Read more »

IOB hikes MCLR by 5-10 bps

   Chennai-headquartered Indian Overseas Bank has decided to up its benchmark marginal cost of funds based lending rates (MCLR) across tenors by 5-10

from Business Line - Money & Banking https://ift.tt/2JoUczx

Read more »