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Indian banking Sector insulated against Covid-19, expects improved profitability even as asset quality remains monitorable

The second wave of the Covid-19 pandemic posed challenges for banks like increase in overdue levels and higher infection rates among employees, impacting collections and resulting in higher slippages and some increase in the restructured book. ...
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Banks need to monitor asset quality, prepare for higher provisioning: RBI

Read more about Banks need to monitor asset quality, prepare for higher provisioning: RBI on Business Standard. RBI also expressed confidence that banks are better positioned than before in managing stress in their balance sheets in view of higher capital buffers
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Banks need to closely monitor asset quality, prepare for higher provisioning: RBI

Banks need to closely monitor asset quality, prepare for higher provisioning: RBI SECTIONS Last Updated: May 27, 2021, 05:00 PM IST Share Synopsis The waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020 may put stress on banks financial health. The apex bank, however, expressed confidence that banks are better positioned than before in managing stress in their balance sheets in view of higher capital buffers, improvement in recoveries and a retur...
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RBI alert banks bad loans higher provising preparation news latest

​Reserve Bank of India (RBI) on Thursday asked banks to closely monitor their bad loans and prepare themselves for higher provisioning in the wake of second COVID wave and the Supreme Court order lifting the ban on classification of non-performing assets.
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RBI's direct support to healthcare sector will generate total output demand of Rs 80,000 crore: SBI Research

Story RBIs direct support to healthcare sector will generate total output demand of Rs 80,000 crore: SBI Research The macro impact of the scheme can be gauged from the fact that Rs 50,000 crore is roughly 9% of Indias total health expenditure of Rs 6 lakh crore under private final consumption expenditure in 2019-20, according to SBI Ecowrap BusinessToday.In | May 6, 2021 | Updated 13:39 IST The SBI report stated that a direct support by the RBI to the sector will generate total output demand o...
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