System-wide gross non-performing assets (GNPA) ratio has improved to a decadal low of 2.8%. While some worries have emerged in unsecured lending, its limited overall exposure is unlikely to present an immediate systemic risk. Appreciably, the banking regulator has started focusing on strengthening Non-Financial Risk (NFR) management.
RBI has resorted to more stringent penalties for NFR violations than before. For institutions that had exhibited issues of technological lapses, high disruptions in customer services or non-compliance to operational guidelines, the regulator severely penalised them by suspending specific operations or barring them from onboarding new customers. These penalties not only reduced the profits of the FIs but also impacted their reputation and market capitalisation. The era of petty regulatory fines is history!
Denne historien er fra December 06, 2024-utgaven av Financial Express Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra December 06, 2024-utgaven av Financial Express Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
A big display for entertainment
A budget phone that provides a hasslefree experience
Mkt volatility may force life insurers to rethink ULIP plans
A prolonged volatility in the stock markets could dampen the investor appetite for unit linked insurance plans (ULIPs), prompting life insurers to shift the focus towards guaranteed income and pure protection plans like term insurance, industry experts said.
India-Oman FTA talks nearing completion
INDIA WILL GET MARKET ACCESS FOR 98% OF ITEMS
The promise and perils of agentic AI
● Guardrails are needed for its safe and responsible use
Trump holds victory rally ahead of inauguration
Mukesh, wife Nita to attend the event
Need for speed
● Are brands ready yet to join the pickleball party?
We are living in a 24x7 economy
A FEW DAYS AGO, L&T chairman SN Subrahmanyan's comments on the 90-hour work week, and \"how long can you stare at your wife\", followed by company's HR head Sonica Muraleedharan's subsequent clarificatory statement, have sparked widespread public debate.
Modi hails makers of Constitution, lauds EC for impartial polls
ADDRESSING THIS YEAR'S first edition of his monthly broadcast, Mann Ki Baat, Prime Minister Narendra Modi paid tribute to the makers of the Constitution-B R Ambedkar, Rajendra Prasad and Shyama Prasad Mukherjee, who participated in the Constituent Assembly debates.
Aadhar Housing Finance aims to grow AUM by 22%: MD
AADHAR HOUSING FINANCE is expected to grow its assets under management by 22% by the end of the current fiscal, managing director and CEO Rishi Anand said in an email interaction.
MRF: Crude prices, Re-slide driving surge in tyre prices
RISING CRUDE OIL prices and a depreciating rupee are driving up tyre costs, according to Arun Mammen, vice chairman and managing director of MRF.
