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NBFC/HFC bankruptcy provisions positive for banks: Moody's

Monday, November 25, 2019, 8:33 PM

To allow bankruptcy proceedings against non-banking financial companies (NBFCs) is positive for banks as its paves the way for orderly resolution of stressed shadow banks, says a report. The government recently empowered RBI to refer stressed NBFCs and HFCs with assets worth of at least Rs 500 crore to insolvency courts after notifying Section 227 of the Insolvency and Bankruptcy Code.
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RBI issues new guidelines over private bank CEO remuneration

Monday, November 4, 2019, 8:52 PM

The Reserve Bank of India has said at least half of the remuneration of private sector bank chief executives, whole time directors and material risk takers should be linked with their performance at individual and company level to reflect pay for performance principles. RBI has also streamlined the clawback rules for whole time directors and material risk takers to penalise weak financial performance.
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RBI bans use of agents to chase loans

Tuesday, October 22, 2019, 4:11 PM

Banks will have to change the way they chase retail loans. The Reserve Bank of India (RBI) has banned the use of direct selling agents (DSAs) to source retail loans and carry out physical verification of documents of borrowers. This was communicated by the central bank in a response to queries raised by the banking industry, two senior bankers told.

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