Beyond UPI: Faster payment systems other countries are experimenting with
India’s Unified Payments Interface (UPI) is wining plaudits across the globe for revolutionising faster payments. The G20 Global Partnership for...
Banking
Lengthy process a major impediment in resolution of bad loan cases: Fitch
India’s lengthy legal processes remain a major impediment to the implementation of an effective framework for bankruptcy and resolution of...
Credit monitoring start-up TruBoard raises $2.7 million from marquee investors
TruBoard Partners, a tech-enabled asset monitoring & collections platform, has raised an $2.7 million equity from investors lead by marquee...
LegalPay exits first interim finance deal with over 26% returns
Can interim finance be a lucrative business? LegalPay, a litigation and interim finance firm, recently exited an interim finance deal...
Securitisation volume growth slows to 8% in third quarter in India
Securitisation volume for the third quarter grew ~8% on year to ~Rs 29,000 crore, lifting the cumulative value of deals...
Banks Gross NPAs may increase 120 bps to 8.1% by September ’22: RBI Financial Stability Report
Macro stress tests for credit risk indicate that the gross non-performing assets (NPAs) of Scheduled Commercial Banks (SCBs) may increase...
Amount involved in fresh bank frauds drops 56% in 2020-21
The number of fresh bank frauds as well as the amount involved in them saw a drastic fall in 2020-21,...
Strong buffers will help Indian banks withstand rising asset risks from coronavirus resurgence: Moody’s
A second wave of coronavirus infections in India is increasing asset risks for banks, exacerbating stress among individuals and small...
SIDBI-CIBIL Report says credit disbursal to MSMEs rose by Rs 2.7 lakh cr in FY21
The latest edition of the SIDBI-TransUnion CIBIL MSME Pulse Report indicates that in loans worth ₹9.5 lakh crores were disbursed...
Only 5% of mid and emerging cos opted for RBI’s restructuring facility: India Ratings
Have various government measures and faster demand recovery in the domestic market saved companies from much expected financial distress? Unexpectedly...