Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in. On Tuesday, when Tech Mahindra announced that it was dropping its plan to start a payments bank, thanks to the long payback time, it became the third licence holder, out of 11, to do so. Last week, a consortium of Dilip Shanghvi, IDFC Bank and Telenor Financial Services had given up its plan to set up a payments bank. In March, ... Rediff.com, 1 month ago
Reserve Bank of India's asset quality review of large lenders shows under-reporting. Reserve Bank of India (RBI) Governor Raghuram Rajan’s insistence on a “deep surgery” to help banks regain health has uncovered that nearly half of the lenders’ stressed assets were not reported. RBI had made banks go through an asset quality review (AQR) to clean up their balance sheets. Rajan had linked the AQR programme to a “deep surgery” needed for banks to regain health.Rediff.com, 1 month ago
Further cut in repo rate will be good, but a few other issues need to be resolved for better results The Reserve Bank of India's bouquet of measures to improve liquidity will provide some relief to banks. The move is also in contrast to its earlier stance that liquidity issues have little to do with the central bank. The biggest of the three key measures to improve liquidity is the reduction in minimum daily maintenance of cash reserve ratio by banks from 95 per cent to 90 per cent of ...Rediff.com, 2 months ago
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