Question

which is the correct development in banking industry ​

Answer 1

Answer:

$Reserve Bank of India set norms for Joint Priority Sector Lending. RBI has allowed joint lending to the priority sector. RBI told banks to share a maximum 80% credit risk when they originate priority sector loans jointly with non-banking finance companies (NBFCs)$

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Answer 2

15

NEWS CITIES MUMBAI

MUMBAI

What 2020 holds for banking

Manojit Saha

MUMBAI 13 JANUARY 2020 02:13 IST

UPDATED: 13 JANUARY 2020 12:42 IST

Five important developments that will likely shape the sector this year

Slowing credit growth due to widespread risk averseness among banks amid a slowing economy dominated the financial sector discourse in the latter part of 2019. There are, however, nascent signs of improvement in health of commercial banks, with improving assets quality and return to profitability after a gap of seven years in the first half of the current financial year.

While credit revival, essential to support growth, will be closely watched, following are five important developments, the outcome of which will shape the banking sector in 2020.

Yes Bank: need for a Fairfax

Private sector lender Yes Bank dominated headlines in the closing months of 2019, albeit for the wrong reasons. The bank is in desperate need of capital to fund its growth and has shortlisted investors, but nothing has been finalised so far. The delay in fundraising led to a rating downgrade. The absence of marquee names among investors has not boosted confidence, since some them will need regulatory clearances as their stake in the lender could go above 5%.

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A hitherto sleepy old generation private sector lender CSB Bank — the erstwhile Catholic Syrian Bank — recently had a successful IPO as investors confidence was boosted after billionaire Indo-Canadian billionaire businessman Prem Watsa’s Fairfax picked up a majority stake and infused the much-needed capital. Probably, Yes Bank needs a Fairfax to instil confidence among its stakeholders

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