Researchers at Icra say the credit guarantee scheme is more likely to benefit retail NBFCs with shorter-tenure assets. The benefits of the partial credit guarantee scheme for purchases of asset pools by banks from non-banking financial companies (NBFCs) could be…
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Govt may sell stake in some weak PSU banks
NEW DELHI: India is considering selling controlling stakes in some of the smaller state-run banks in a bid to raise funds to boost spending on programs for the poor, people with knowledge of the matter said. The proposal being considered involves…
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Govt must provide capital to banks on upfront basis: United Bank CEO
Says the NBFC crisis may snowball into a ‘serious problem’ if not handled properly Banks have to be cautious while lending to non-banking financial companies (NBFCs), as there are still concerns regarding resolution of the ongoing crisis in the sector….
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FIEO seeks govt, RBI intervention in resolving exporters’ banking issues
Exporters body FIEO has sought immediate intervention of the government and RBI to resolve issues related to payment mechanism for Iran and flow of credit to push shipments. Federation of Indian Export Organisations (FIEO) President Ganesh Kumar Gupta said that…
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Govt authorises 10 intel, security agencies to monitor, decrypt any computer
The government has authorised 10 central agencies to intercept, monitor and decrypt all the data contained in any computer system. The order was passed late night on December 20 by the ‘cyber and information security’ division of the Union Home…
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