Tag Archives: Lenders

Lenders build provision buffers to counter future asset slippages

MUMBAI : Private sector lenders are using the covid-19 pandemic to build a war chest of provisions that would come handy in cushioning against future asset slippages. Axis Bank has pegged its covid-19 provisions at ₹3,000 crore, while ICICI Bank said it has set aside ₹2,725 crore in the March quarter and HDFC Bank has made additional provisions of ₹1,550 ... Read More »

RBI Eases Rules on What Lenders Can Count as Basel III Capital

Mumbai: The Reserve Bank of India on Tuesday said it would ease rules on what lenders can count towards their core capital requirements under upcoming Basel III rules, in moves intended to ease pressure on the cash-constrained sector. Government had estimated last year that lenders would need to raise about $17 billion from markets over four years to meet total ... Read More »