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Tag: BANKS

Economy

Linking small loans to external benchmark after further talks

April 5, 2019April 5, 2019 - by Abdul

The Reserve Bank has said that it will hold further discussions with banks on linking interest rates on personal,home,auto and MSME loans with the external benchmark rates. In December 2018,Reserve …

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Economy

RBI tweaks NPA divergence disclosure norms

April 2, 2019April 2, 2019 - by Abdul

The Reserve Bank of India (RBI) has said that banks should disclose Non performing assets(NPA) divergences if there is a more than 10% difference in their assessment of bad loans …

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Economy

New loan pricing scheme may be put off

March 29, 2019March 29, 2019 - by Abdul

The Reserve Bank of India(RBI) may extend the deadline for banks to shift to the new loan pricing regime which was scheduled to be implemented from April 1.This new external …

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Economy

7 banks fined for delayed SWIFT implementation

March 5, 2019March 5, 2019 - by Abdul

Reserve Bank of India(RBI) have imposed a monetary fine on 7 Banks for non-compliance with the directions on Implementing the SWIFT software, Society for Worldwide Interbank Financial Telecommunication(SWIFT) provides a …

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Economy

Banks may set repo rate as benchmark

February 26, 2019February 26, 2019 - by Abdul

The Reserve Bank of India (RBI) has proposed a major change in the way banks price their loans. It said that banks will now have to link the interest rates …

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