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Bank asset quality may 'deteriorate sharply', warns RBI Realising a need for some breather to borrowers during the pandemic, RBI allowed a six-month moratorium on loan repayments 2 min read The central bank cited the uncertainty induced by the covid-19 pandemic and its real economic impact to say that asset quality concerns will remain elevated RBI said that during FY20, SCBs strengthened their capital buffers, improved their asset quality and raised liquidity coverage ratios (LCR) Share Via Read Full Story Although gross bad loans of banks have moderated in FY20 and even so far in FY21, asse...

Cautioning of imminent stress in the banking sector after unwinding of the measures taken to combat the impact of COVID-19, the Reserve Bank on Tuesday said banks will need to adapt and adjust themselves to meet the upcoming challenges. The Reserve Bank of India (RBI), in its report on 'Trend and Progress of Banking in India 2019-20', said that the central bank initiated timely measures to relieve stress on bank balance sheets, corporates and households following the outbreak of the coronavirus pandemic. Observing that banking soundness indicators are obscured under the asset quality stand...

The Reserve Bank of India has imposed, by an order dated December 11, 2020, a monetary penalty of Rs 50.00 lakh on the Urban Co-operative Bank Ltd. No. 1758, Perinthalmanna in Kerala. The UCB was fined for non-compliance with directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and on Management of Advances-UCBs. This penalty has been imposed in exercise of powers vested in RBI under the provisions of laws on the failure of the bank to adhere to the aforesaid directions issued thereon by RBI. This action is based on deficiencies in regulatory compliance and is ...