icici Direct Review的动态

???????????? ???????? ?????????? - ?????? ???? ???????????? ???? ?????? ?????????????????????? ???????? ?????? ?? ???????? ???????????? ???????????????? ???????? ?? ???????????? ??????????????? Utilization rate plays a crucial role in banking analysis under the credit risk management process. High utilization rate in CC limits will negatively impact the banking conduct of the borrower with chances of overdrawing, coupled with penalty and excess reliance on outside funds resulting in higher interest costs. Unlike an overdraft account with a fixed limit, the CC limit changes every month, referred to as ?????????????? ?????????? (????). The DP limits are arrived based on stock statements using which working capital gaps are arrived for the month and subsequently DP limit is set for the share of working capital exposure sanctioned with the respective lender. ??????'?? ???????????????????? ?????? ?????????????????????? ???????? ???????????????? ???????? ?? ???????????? ??????????????, Borrower maintains credit-sanctioned CC limits of Rs. 15 crores (60%) and Rs. 10 crores (40%) with HDFC and ICICI bank, respectively under multiple banking arrangements (MBA). The WC gap based on the stock statement stands at Rs. 15 crores, arrived by adding the closing balances of inventory, and debtors and then reducing the closing balance of creditors for the month based on the September 2024 stock statement of the borrower. Accordingly, the DP for the CC?limit for October 2024 will be set at Rs. 15 crore with ????????'?? ?????????? ???? ????. ?? ?????????? (????%) ?????? ?????????? ????????'?? ???? ????. ?? ?????????? (????%) ?????????? ?????? ??????. Now, if the daily average closing balance of October 2024 stood at Rs. 14 crore, the utilization rate for October works out to ????% for a DP of Rs. 15 crore instead credit sanctioned limit of Rs. 25 crore. A high CC utilization rate must correlate with a high balance in inventories and debtors as a means of establishing that WC funds are utilized only towards the WC gap arising from the procurement of stocks and pending payments from debtors. ???????? ???? ?????? ???? ?????? ?????????????? ???? ?????????? ?????? "?????????????????? ???? ??????????". #credit #creditrisk #riskmanagement #banking #risk #linkedinlearning

Streamlining the Resolution of Bad Loans: New Panel to Fast-Track NARCL's Progress! In a strategic move to accelerate the resolution of stressed assets, a committee led by C.S. Setty, Chairman of State Bank of India (SBI), will identify new bad loans for transfer to the National Asset Reconstruction Company Limited (NARCL). Key Highlights ?? NARCL has already acquired 22 loan accounts worth ?95,711 crore. ?? 28 additional accounts totaling ?1.28 lakh crore were resolved, showing indirect benefits of NARCL's role. ?? Banks will closely monitor top 20 NCLT cases with senior leadership involved to minimize delays. The establishment of a centralized portal for real-time updates on bankruptcy cases will ensure better coordination, transparency, and quicker resolutions. This step promises to boost the bad loan recovery process and strengthen India's financial stability. #BFSI #FEBFSI #ModernBFSI #NARCL #BadLoansResolution #FinancialStability #AssetReconstruction #EconomicRecovery #DigitalTransformation #BankingReform #FinancialServices #BankingIndustry #FinancialSector #SBI #AssetManagement Reserve Bank of India (RBI)| ICICI Bank| HDFC Bank| Axis Bank| Bank of India| Kotak Mahindra Bank| Bank of Baroda| YES BANK| IDFC FIRST Bank| IndusInd Bank| Central Bank of India| Punjab National Bank| Union Bank of India| Sumana Sarkar| Tanya Krishna| Sakshi Kuchroo| E Kumar Sharma| Roshun Povaiah| Financial Express (India)

Have you prepared a CMA report ? Today, I was going through some client folders and came across a CMA report. I’ve never made a CMA report before, so I asked my senior about it to understand what it involves. Details my senior told me are as below. A Credit Monitoring Arrangement (CMA) report is a detailed financial report that banks and financial institutions use to assess the creditworthiness of a business before sanctioning loans. It provides insights into the financial health, liquidity, profitability, and repayment capacity of the client. Here’s a brief explanation of its key components: 1. Basic Information: Includes details about the client, such as name, business type, sector, ownership, and purpose of the loan. 2. Current Financial Status: Covers the client's past and projected financial performance through key financial statements: Balance Sheet: Shows assets, liabilities, and equity. Profit and Loss Statement: Tracks revenue, expenses, and profitability. Cash Flow Statement: Reflects the inflows and outflows of cash. 3. Financial Ratios: Key ratios like debt-to-equity, current ratio, and profitability margins to evaluate the financial stability and repayment ability of the business. 4. Working Capital Assessment: Analyzes the client's working capital requirements to ensure the loan supports day-to-day operations effectively. 5. Fund Flow Analysis: Examines the sources and applications of funds to identify cash movement patterns. 6. Future Projections: Includes projected income, cash flows, and financial performance for the next 3–5 years, demonstrating the client’s growth potential and repayment capacity. 7. Loan Details: Specifies the type of loan required, amount, and repayment terms. This report helps banks decide whether to approve or reject a loan application and ensures compliance with lending policies. The most important part of CMA Report is a consistent improvement in the business and ratios which was already given at the time of taking a loan for the first time. What's your opinion in this regard ?? #innovation, #management, #digitalmarketing, #technology, #creativity, #futurism, #startups, and #marketing LinkedIn LinkedIn News Financial Times Finance Unlocked #finance loanDepot SBI, The Growth Advisory HDFC Bank ICICI Bank

??RBI imposes monetary penalty on HDFC Bank Limited .... On September 03, 2024 RBI imposed a monetary penalty of ?1,00,00,000 (Rupees One crore only) for non-compliance with certain directions issued by RBI on: 1. ‘Interest Rate on Deposits’, 2. ‘Recovery Agents engaged by Banks’ and 3. ‘Customer Service in Banks’ ( read with the BCSBI Code and ‘Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks’) The bank: 1. Gave gifts?? (in the form of paying first-year premium for the complimentary life insurance cover) costing more than ?250 to the depositors at the time of accepting certain deposits; 2. Opened certain savings deposit accounts???? in the name of ineligible entities; and 3. ?Failed to ensure that customers are not contacted after 7 pm and before 7 am. The action is based on deficiencies in statutory and regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

Dear Kotak Mahindra Bank Reserve Bank of India (RBI) I am writing to bring to your attention a concerning issue regarding my recent loan settlement with Kotak Mahindra Bank loan account no. SPLN68809826. On June 5, 2024, I made a full settlement payment for my loan after confirming the exact amount with Kotak Mahindra Bank's customer service team. However, despite this payment, I am still being asked to pay EMIs and bear interest charges from June 5 to June 30, 2024. My primary concern is regarding the lack of communication from Kotak Mahindra Bank at the time of receiving my settlement payment. If the bank had any discrepancies or additional requirements, these should have been addressed immediately upon receipt of the payment. Instead, I am now being penalized with additional interest charges and potentially late fees for non-payment of EMIs. I kindly request clarification on the following: Why was I not informed of any pending EMIs or interest charges at the time of making the full settlement payment on June 5, 2024? Given that the full settlement amount was paid, why am I being asked to pay additional interest from June 5 to June 30, 2024? If I choose not to pay the EMIs for this period, will I be subject to late fees? As a customer, I expect transparency and fair treatment from Kotak Mahindra Bank. It is disheartening to feel as though I am being unfairly penalized after fulfilling my financial obligations as per our agreement. I would appreciate a prompt response and resolution to this matter. Please advise on the steps I should take to rectify this issue and ensure that I am not further inconvenienced. Thank you for your attention to this urgent matter.

RBI cancels the licence of The Vaishali Shahari Vikas Co-operative Bank Ltd., Hajipur, Dist. Vaishali: On December 27, 2024 RBI cancelled the licence of the bank as: ?? The bank does not have adequate capital and earning prospects.; ?? The bank has failed to comply with the requirements of several sections of the Banking Regulation Act, 1949; ?? The continuance of the bank is prejudicial to the interests of its depositors; ?? The bank with its present financial position would be unable to pay its present depositors in full; and ?? Public interest would be adversely affected if the bank is allowed to carry on its banking business any further. On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to a monetary ceiling of ?5,00,000/- (Rupees five lakh only) from Deposit Insurance and Credit Guarantee Corporation (DICGC). As per the data submitted by the bank, 98.47% of the depositors are entitled to receive full amount of their deposits from DICGC. As on December 05, 2024, DICGC has already paid ?5832.80 lakh of the total insured deposits.

HDFC Bank secures RBI nod to acquire 9.5% stake in AU Small Finance Bank AU Small Finance Bank has received approval from the RBI for HDFC Bank and its group entities to acquire up to 9.5% of its stake. The acquisition, subject to regulatory compliance, must be completed within one year, or the approval will be revoked. #finvento #hdfc #rbi #bank #update

RBI issued directions to Sarvodaya Co-operative Bank Ltd., Mumbai, whereby, as from the close of business on April 15, 2024, the bank shall not, without prior approval of RBI in writing 1. grant or renew any loans and advances, 2. make any investment, 3. incur any liability including borrowal of funds and acceptance of fresh deposits, 4. disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, 5. enter into any compromise or arrangement and 6. sell, transfer or otherwise dispose of any of its properties or assets except as notified in the RBI Direction dated April 15, 2024 7. In particular, a sum not exceeding ?15,000 (Rupees fifteen thousand only) of the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn subject to the conditions stated in the above RBI Directions. The eligible depositors would be entitled to receive deposit insurance claim amount of his/her deposits up to a monetary ceiling of ?5,00,000/- (Rupees five lakh only) in the same capacity and in the same right, from the Deposit Insurance and Credit Guarantee Corporation The issue of the above Directions by the RBI should not per se be construed as cancellation of banking license by RBI. The bank will continue to undertake banking business with restrictions till its financial position improves. The Reserve Bank may consider modifications of these Directions depending upon circumstances.

Godrej Capital - Today I got a call from one of your senior management persons Ms. Deepa regarding my concern. Despite confirmation from Godrej Capital over the email and phone calls, now Godrej Capital has put the remaining disbursement of flexi loan on hold due to some policy of yours. This was communicated to me today only and that too, post yesterday’s escalation. As per Ms. Deepa, Godrej Capital confirmed by mistake that further disbursement can be done in future. But how is it possible that for the last 2 months, Godrej Capital has been sharing confirmation with me over the emails and phone calls that remaining disbursement of flexi loan can be done anytime on demand in future. Even your Mumbai Nodal Officer Mr. Pankaj shared same confirmation multiple time times with me. Same mistake can be done once or twice but definitely not repeatedly for the last 2 months. To escape this situation, Ms. Deepa was apologising 10 times on the call today but this is not going to help me. The repeated assurances I received have proven to be false, and this situation has caused significant frustration and inconvenience. Kunal Karnani As Chief Financial Officer at Godrej Capital, I expect you to please take the ownership of these fake assurances made by your Customer care team and Nodal officer, and suggest the path forward to address my concern else I will be compelled to escalate this matter further to the banking/NBFC ombudsman RB-IOS, 2021. Manish Shah Godrej Properties Limited Godrej Industries Group Pankaj Gupta Nalin Jain Deepa Padmanabhan Reserve Bank of India (RBI)

SBFC Finance Limited This is the last place I wanted to talk about this issue but you guys have left me with no option. My brother has taken a loan from your company. During the time of disbursement, your bank executives were really helpful but now when we are trying to close the loan, your executives are not even talking straight. They are trying their best to not let us close the loan from last 1 month. Due to this, my brother would have to pay extra interest which is unacceptable. On top of that they are saying that the loan cannot be closed at the same branch which it was taken at which is extremely absurd. My brother had a call with one of your senior executives. The executive is asking him where did you get the money to close the loan, bank statements etc. what has this got with the bank that how a person is closing a loan? On top of that they just hung up on the call. Noone is helping from your branch. It seems like the executives wants a bribe to close the loan. If no swift action is taken immediately, we will file a case with ombudsman Reserve Bank of India (RBI) and also in Consumer court. SBFC Finance Limited I will wait for your reply. CC: Aseem Dhru Mahesh Dayani Narayan Barasia Maneesh VM Pankaj Poddar Sai Prashant Menon Sanket Agrawal