RBI’s loan classification numbers don’t match banks’

Even as Indian lenders face the central bank’s ire over the classification of loans or divergence that seems to be burning holes in their books, the dispute may be temporary. RBI’s scrutiny of non-performing assets raises concerns over the way classification is being done by auditors at banks. Three private-sector lenders have together reported more than Rs 12,000 crore in […]

Read more

Digital payments growth dips 27% in Aug from peak; BHIM, UPI to take charge

Online transaction growth in value and volume terms are fluctuating in the range of a meagre 1-5 percent on a monthly basis since April Digital transactions have been witnessing a slower pace of growth each month post demonetisation with August transactions showing 26.5 percent dip in value terms from its peak in March. The number of transactions declined 8 percent […]

Read more
1 2 3