RBI issues norms to hasten stressed asset resolutions via joint lender forums
RBI has slashed the minimum votes required in a joint lender forum, or JLF, to reach a decision Source: Livemint.com (http://www.livemint.com/rss/industry)
Onus on RBI as govt notifies new rules to tackle NPAs of banks
The ordinance to amend Banking Regulation Act is being seen as the first step in towards putting the onus on RBI to reduce NPAs with banks Source: Livemint.com (http://www.livemint.com/rss/industry)
Apple leads wearable computing market as smartwatch sales jump
The Strategy Analytics survey shows Apple grabbed a 15.9% global share of the wearables market in the first quarter, leaving behind Xiaomi (15.5%) and Fitbit (13.2%) Source: Livemint.com (http://www.livemint.com/rss/industry)
Govt reshuffles chiefs of 7 public sector banks, including IOB, PNB
Government announced a reshuffle in the top management at seven public sector banks in a bid to improve efficiency, amid the banking sector’s battles with NPAs Source: Livemint.com (http://www.livemint.com/rss/industry)
Parle unveils separate division, Parle Platina, for premium products
The aim of the Parle Platina is to establish a strong foothold in the premium segment by consolidating indulgent and aspirational products from Parle’s current portfolio Source: Livemint.com (http://www.livemint.com/rss/industry)
President Pranab Mukherjee approves ordinance to amend Banking Regulation Act
President Pranab Mukherjee approves ordinance to amend Banking Regulation Act 1949, giving more powers to the RBI to deal with bad loans, say media report Source: Livemint.com (http://www.livemint.com/rss/industry)
NPCI CEO A.P. Hota says number of digital transactions declining
NPCI CEO A.P. Hota says Inclination to use digital transactions has not happened as effectively as National Payments Corporation of India had expected Source: Livemint.com (http://www.livemint.com/rss/industry)
RBI faces conflict of interest questions on powers after banking ordinance
Ordinance to Banking Regulation Act will allow RBI to intervene directly in bad loan cases at banks, a move some analysts see as a case of micromanagement Source: Livemint.com (http://www.livemint.com/rss/industry)
90% firms see social media as a big risk area for cyber crime: EY report
Over 90% of Indian businesses identified social media as a ‘precarious platform spurring new-age cyber threats’, according to the report Source: Livemint.com (http://www.livemint.com/rss/industry)
BSES Rajdhani to buy 100 MW wind power from Power Trading Corp
Power Trading Corp will start supplying the power to BSES Rajdhani from November 2018 for 25 years at a tariff of Rs3.46 a unit Source: Livemint.com (http://www.livemint.com/rss/industry)