Watch out, cyber fraud cases in banks are spiking

Spike in cyber frauds is bigger than most other types of bank frauds. A total of 5,917 bank frauds were reported in 2017-18.

from Banking/Finance-Industry-Economic Times http://bit.ly/2LIXHic

View: A bad loan farce gets another rerun in India

Small business owners – as well as distressed farmers – have clout only before elections; billionaires wield their power indefinitely.

from Banking/Finance-Industry-Economic Times http://bit.ly/2QcOwr7

RBL Bank appoints Pankaj Sharma as its chief operations officer

Sharma did his graduation in business studies from Delhi University and post-graduation from Symbiosis, Pune.

from Banking/Finance-Industry-Economic Times http://bit.ly/2GM67GO

Nimble private insurers chip away at LIC’s lead

LIC’s market share by way of adjusted premium equivalent has fallen from 53 per cent in FY16 to 48 per cent in the second half of FY19.

from Banking/Finance-Industry-Economic Times http://bit.ly/2CIBCO2

Reserve Bank of India surprises by reversing debt revamp stance

RBI will allow one-time restructuring of loans to micro, small and medium-sized companies that are in default.

from Banking/Finance-Industry-Economic Times http://bit.ly/2An8J8j

Nearly 80% of FY19 credit growth comes in September-November

Much of the bank credit has gone towards personal loans and industry, with only the non-banking finance companies (NBFCs) showing a decline in bank loans.

from Banking/Finance-Industry-Economic Times http://bit.ly/2SBLtLe

Private banks are waking up to the call of heartland

According to RBI data for 2018, private sector banks expanded their branch network in rural areas by more than 27% and in small towns by almost 18.4%, compared with 0.5% growth rate seen among public sector lenders.

from Banking/Finance-Industry-Economic Times http://bit.ly/2R8bRQc

Complaints with bank ombudsman surge 25% in FY18

Of all the complaints received at the ombudsman's offices, 97% of them were resolved in 2017-18, up from 92% a year earlier.

from Banking/Finance-Industry-Economic Times http://bit.ly/2R5m7bO

Payments banks see second straight year of losses

The operating profits of these banks also remained negative with a loss of Rs 522.1 crore for fiscal 2018, up from Rs 240.7 crore a year before.

from Banking/Finance-Industry-Economic Times http://bit.ly/2TpuX0N

2019 may finally put an end to India's banking woes

Banks in India have not experienced a worse year in the past two decades than what it had encountered in the year that had just passed by.

from Banking/Finance-Industry-Economic Times http://bit.ly/2ApKuX4

For NBFCs, 2019 may be the year of reckoning

NBFCs would like to focus on direct assignment to ensure that risk is not on their balance sheet but they are able to raise fee income to maintain return on equity.

from Banking/Finance-Industry-Economic Times http://bit.ly/2SvESlp

NBFCs still lost deep in the woods, says Uday Kotak

Kotak, who has been tasked to lead the efforts of saving the debt-ridden infra lender IL&FS, said we need to carefully watch the space going forward.

from Banking/Finance-Industry-Economic Times http://bit.ly/2s5vjhr

In a first, NCLT allows government to reopen IL&FS books

For the first time, the government on December 21, 2018, had invoked the powers under Section 130 of the new Companies Act of 2013 to reopen the books of a company.

from Banking/Finance-Industry-Economic Times http://bit.ly/2LGktqY