Banking Central | Bank books look cleaner now, thanks to massive loan write-offs
While there is significant improvement on the reported NPA numbers, much of this is due to large-scale write-offs
Source: moneycontrol.com
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Banking Central | Who's telling the truth in the BoB World mess?
Contradictory statements on BoB’s former digital head’s exit indicate not all was well within the bank
Source: moneycontrol.com
Illegal loan apps: MeitY urges RBI to design more detailed KYC to ensure traceability
Ministry of Electronics and Information Technology has recommended that Reserve Bank of India design a detailed Know Your Digital Finance App (KYDFA) process that companies have to undertake before they access the Indian banking system
Source: moneycontrol.com
Banking Central | As Uday Kotak's successor, Ashok Vaswani has big shoes to fill
Vaswani coming on board will enable the Mumbai-based bank to progress on its digital journey and set eyes on global markets. But there are immediate challenges as well..
Source: moneycontrol.com
Are banks at risk of asset quality deterioration? Here is what UBS says
According to Swiss brokerage UBS Securities, increasing default risks in retail unsecured loans of banks is likely to push up their credit losses by 50-200 bps.
Source: moneycontrol.com