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The Indian Banks' Association has put out answers to customer queries to address confusion over RBI's 3-month loan moratorium.
Payment of the dues after the Supreme Court verdict may erode the telecom operators’ cash flows, especially those of Vodafone India.
The 'account aggregator' system, offered by banks and licensed by RBI, gives consumers access to a wide swath of their financial data and allows them to share it instantly.
The news coming out of Yes Bank still manages to shake confidence despite the massive bad loans India’s financial system is choking on.
This is the second time in less than two years that policy makers had to publicly come out in support of Indian banks, which are grappling with the world’s worst stressed loan ratio.
Modi govt is counting on larger and healthier banks to spur fresh credit and revive growth that came in far lower than economists expected.
Latest bank credit data, with highest reported growth to infra sector, highlights lack of fundamental reform in India’s banking sector.
City Union Bank has beaten larger rivals such as HDFC Bank & SBI, thanks to its successful record in lending to SME sector while keeping a lid on bad loans.
Even private sector banks saw gross NPAs falling to 3.8% in September 2018 from 4% in March 2018.
Bankers are dithering about lending decisions as they fear that if a decision goes wrong, they could be subject to probes.