Latest news with #ScheduledCommercialBanks
India.com
13-07-2025
- Business
- India.com
Gold & Silver Now Valid Collateral For Loans: RBI Issues New Circular To Banks
New Delhi: In a significant move, the Reserve Bank of India (RBI) has now allowed all banks to accept gold and silver as collateral for agriculture and MSME loans even if the loan is otherwise eligible to be collateral-free. As per the latest RBI circular, if a borrower willingly offers gold or silver, banks are required to accept it. This change is expected to boost access to credit, especially in rural and small business sectors. The RBI clarified that this move doesn't go against the rules for offering collateral-free loans to farmers and small businesses. Instead, it's meant to give borrowers more flexibility by allowing them to use assets like gold and silver to access credit when needed. New RBI Rules: What Borrowers Should Know - Gold & Silver Now Welcome as Optional Collateral Borrowers can offer gold or silver as security for loans up to Rs 10 lakh, even if the loan qualifies as collateral-free. - Collateral Must Be Borrower's Choice, Not Bank's Demand Banks are not allowed to insist on collateral—it must be offered voluntarily by the borrower. - Collateral-Free Loan Norms Remain Unchanged The RBI confirmed that the core guidelines for agriculture and MSME collateral-free loans are still in place. - No Collateral Required Under PMEGP Loans up to Rs 10 lakh under the Prime Minister's Employment Generation Programme will continue without any collateral requirement. - Trusted MSEs May Get More, Without Collateral Micro and Small Enterprises with a strong credit record may be eligible for up to Rs 25 lakh in collateral-free loans. - Agri Loans Up to Rs 2 Lakh Still Collateral-Free Loans for farming and allied sectors like dairy or poultry remain exempt from collateral up to Rs 2 lakh. New Rules Apply to These Banks The updated guidelines apply to all major banking institutions, including: - Scheduled Commercial Banks - Regional Rural Banks (RRBs) - Small Finance Banks - State Cooperative Banks - District Central Cooperative Banks This RBI move is seen as a win for borrowers. It supports financial inclusion and ensures that banks can't pressure borrowers to provide collateral when it's not required.
Business Standard
02-07-2025
- Business
- Business Standard
India's GDP has more than doubled in last decade, FDI inflows jumped 1.43%
In the past eleven years, India has risen from the eleventh to the fourth largest economy in the world. Our GDP has more than doubled-from USD 2.1 trillion in 2014 to USD 4.3 trillion in 2025 noted Hardeep Singh Puri, Minister of Petroleum & Natural Gas. We have recently overtaken Japan and are poised to become the third-largest economy by 2030, overtaking Germany, the Minister remarked, highlighting the nation's resilience during global headwinds and the critical role played by bold policy reforms, extensive social welfare schemes, and sound financial management. The Minister emphasized India's success in attracting global investment, with USD 748 billion of foreign direct investment inflows between 2014 and 2025-an increase of 143% over the previous decade-and the expansion of source countries from 89 to 112. Landmarks in policy reform, including the Insolvency and Bankruptcy Code, Production-Linked Incentive schemes, the Goods and Services Tax, Direct Benefit Transfers, and the elimination of over 25,000 compliances and 1,400 obsolete laws, have strengthened the nation's business landscape. The transformation in tax administration underscores India's evolving financial culture: annual Income Tax Returns filed grew from 3.6 crore in FY 2013-14 to 8.5 crore in FY 2024-25, with 95% processed within 30 days. He further stated that India's banking sector has also witnessed a historic turnaround, with gross non-performing assets of Scheduled Commercial Banks dropping from 14.58% in FY 2017-18 to below 3% in FY 2024-25. The digital economy's backbone, the Unified Payments Interface (UPI), now handles nearly 50% of real-time digital transactions globally, serving over 500 million active users. Fintech adoption stands at 87%, compared to the 67% global average, facilitated by India's universal digital identity and access through Aadhaar and mobile services.
Business Standard
30-06-2025
- Business
- Business Standard
Scheduled Commercial Banks further improved their liquidity positions
Reserve Bank of India or RBI has released the June 2025 issue of the Financial Stability Report today. The central bank noted that macro stress test results showed that Scheduled Commercial Banks or SCBs' aggregate capital levels will continue to remain above the regulatory minimum even under adverse stress scenarios. SCBs have further improved their liquidity positions in March 2025, as evident from the strengthening of both liquidity coverage ratio (LCR) and net stable funding ratio (NSFR). Both LCR and NSFR have been comfortably above the regulatory minimum of 100 per cent across bank groups. The aggregate gross-non-performing-asset ratio of the 46 banks may marginally edge up from 2.3% in March 2025 to 2.5% in March 2027 under the baseline scenario and to 5.6% and 5.3% under the adverse scenario of geopolitical risk and adverse scenario of global growth slowdown respectively. The results revealed that the aggregate capital adequacy ratio of major scheduled commercial banks may marginally dip to 17% by March 2027 from 17.2% in March 2025, under the baseline scenario. It may decline to 14.2% under the adverse scenario of geopolitical risks and to 14.6% under the adverse scenario of global growth slowdown.
India Today
22-06-2025
- Business
- India Today
State Bank of India reopens application for 2,964 Circle Based Officer posts
SBI CBO recruitment 2025 has been reopened on the online portal, with the deadline set at midnight on June 30, 2025. This recruitment drive includes 2,964 vacancies, 2,600 regular and 364 backlog decision has been made, taking into consideration the candidates from Arunachal Pradesh and Nagaland to apply under North East Circle. The candidates must have passed Class 10 or 12 with English as a with prior officer-level experience of two years in Scheduled Commercial Banks or Regional Rural Banks are POST 2025: WHO CAN APPLY AND HOW TO REGISTER Eligibility: Graduates aged 21–30 years (age as of April 30, 2025), with a minimum of two years' experience in a scheduled commercial or regional rural bank, and proficiency in the local language of chosen process:Visit on 'New registration' under Advertisement with email and mobile, fill in the necessary details and upload all the required documentsComplete form, upload documents (photo, signature, certificates)Pay 750 (General/OBC/EWS); fee exempt for SC/ST/PwBDDirect link to apply for CBO postCBO POST 2025: SELECTION PROCESS AND TEST PATTERNShortlisted candidates will undergo:Online test (objective + descriptive)Document screeningInterviewLocal language proficiency testadvertisementThe online objective test (120 questions, 2 hours) will assess English, banking knowledge, general awareness/economy, and computer aptitude.A descriptive test follows, with typed letter writing and essay selection is based on a 75:25 ratio between test and interview scores. The local language test is mandatory unless exempted by previous CBOs will receive a starting basic pay of 48,480, along with two advance increments, and allowances such as DA, HRA, and other must apply online by June 30, 2025. Admit cards and online test dates are expected in July 2025. Candidates are advised to keep track of updates on the SBI careers page.
Business Standard
18-06-2025
- Business
- Business Standard
Supervisory Data Quality Index score of Scheduled Commercial Banks improves
The Reserve Bank of India (RBI) has created a Supervisory Data Quality Index (sDQI) that measures data quality in terms of the Accuracy, Timeliness, Completeness and Consistency in the submission of returns. The objective of sDQI is to assess the adherence to the principles enunciated in the Master Direction on Filing of Supervisory Returns 2024. The sDQI score of Scheduled Commercial Banks (SCBs) has improved to 89.3 in n March 2025 as compared to 88.6 in March 2024. Scheduled Commercial Banks accuracy level score moved up from 86.1 in Mar-24 to 86.7 in Mar-25.
