The impact of forced lending on banks' impaired-loan ratios can be anywhere between 200 and 600 basis points (bps), depending on the severity of stress and banks' individual risk exposures and the higher regulatory provisions, Fitch Ratings said in the report on Thursday.
The zero-contact method completely does away with paper work or biometric verification, thereby removing physical interaction between the bank and customer from the know your customer (KYC) process, IDFC First Bank said in a release.
Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket protection against recovery action to all borrowers, bankers have said.
On February 27, the Securities Appellate Tribunal allowed lenders Nippon India Mutual Fund and Credit Suisse to invoke shares of Reliance General Insurance pledged by Anil Ambani group firms. Lenders including Credit Suisse, Nippon Life, Life Insurance Corporation of India. Other banks and institutions own
Mitron saw a 4x jump in downloads to 5.4 mn between April and May 25, according to data from Sensor Tower. Listed by its parent company Shopkiller.in, it has bagged a rating of 4.7 out of 5 on the Google Play Store. The news comes
In an interview with ET’s Brinda Sarkar, Sumeet Doshi, country manager - India, Kronos, says organisations need to space out how employees join shifts and workforce management solutions can play a critical role in helping organisations plan these staged arrivals.
Fraudsters have managed to steal from hundreds of bank accounts by either impersonating acquaintances of account holders, tricking tipplers desperate to buy liquor online, or deceiving those searching for service providers.
Industry lobby group National Association of Software and Services Companies (Nasscom) has sought furloughs and temporary layoff of surplus employees, relaxing daily and weekly work-hour limits, allowing women to work at night from home and a self-declaration regime to comply with government rules.
Last month, the feature was launched only in a few cities. The feature referred to as Spot by the company is a commerce layer on the app. It enables businesses to open mini digital storefronts within the payment app where users can browse for products
The overall size of the gaming market in India is pegged at under $1 billion compared to $150 billion worldwide. The average user spend is about $1.5 to $2 per month in the country.