Page 17 - Asset Classification News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MUMBAI: The RBI on Wednesday asked banks and NBFCs to immediately put in place a board-approved policy to refund/adjust the 'interest on interest' charged to the borrowers during the six-month moratorium, in conformity with the Supreme Court judgement last month. As part of the Covid-19 regulatory package, the RBI had allowed lending institutions to grant a moratorium on payment of instalments of term loans falling due between March 1 and May 31 of last year. The moratorium was extended by three months till August 31. Referring to the judgement of Supreme Court dated March 23, 2021, the RBI...

Read more about RBI issues directions for HFCs to maintain liquidity, asset classification on Business Standard. RBI came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, for housing finance companies.

The RBI on Wednesday said it has imposed a Rs 55 lakh penalty on Pune-based Seva Vikas Cooperative Bank Limited for non-compliance with certain directions, including for not ensuring end-use of funds lent. The penalty, it said, has been imposed for non-compliance with certain directions in the 'Master Circular - Management of Advances -UCBs' and 'Master Circular - Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs'. "The penalty has been imposed on the bank...(i) for not ensuring end-use of funds lent (ii) non-adherence to IRAC norms and (iii) restructu...

Axis Bank share gains over 6% post Q3 earnings; top Sensex gainer In a volatile trading session, the stock price of Axis Bank opened with a loss of 2.36% today at its day's low of Rs 617. Later, the stock hit the day's high of Rs 674.4, rising 6.73% BusinessToday.In | January 28, 2021 | Updated 17:40 IST Axis Bank stock trades higher than 5, 20, 50, 100 and 200-day moving averages Axis Bank share price was the top gainers on BSE today, rising over 6%, after the private sector lender reported a 36% YoY fall in profit at Rs 1,116.6 crore for the quarter ended December 2020 against Rs 1,757 cr...

Updated: Profitability of NBFCs may be ‘dampened’ due to loan impairment, lower credit demand: RBI report Share Article AAA Profitability of NBFCs may be ‘dampened’ due to loan impairment, lower credit demand: RBI report In 2020-21, as policy support is rolled back, the impact of the COVID-19 pandemic may dent the health of the banks and non-banks, the Reserve Bank of India (RBI) said in its Report on Trend and Progress of Banking in India 2019-20. In order to mitigate the impact of COVID-19, the RBI allowed lending institutions to grant a moratorium on payment of instalments of term ...