Clipped from: https://www.business-standard.com/article/economy-policy/eclgs-stopped-14-of-loans-from-slipping-into-npa-says-sbi-report-122010700050_1.html The scheme has saved around 15 million jobs and stopped 14 per cent of outstanding MSME loans from turning into non-performing assets (NPAs)
Month: January 2022
RBI ups threshold for LCR maintenance by banks on funds received from non-financial small biz customers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-ups-threshold-for-lcr-maintenance-by-banks-on-funds-received-from-non-financial-small-biz-customers/article38151998.ece All commercial banks should maintain LCR if they receive deposits of ₹7.5 crore and above The Reserve Bank of India has upped the
Third wave could revive the demand for restructuring of loans: ICRA – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/third-wave-could-revive-the-demand-for-restructuring-of-loans-icra/article38146629.ece Risk to banks’ asset quality The threat of the third wave of Covid-19 risks banks’ asset quality, especially the restructured loan book, cautioned
PCI welcomes RBI move allowing digital payments in offline mode – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/pci-welcomes-rbi-move-allowing-digital-payments-in-offline-mode/article38151420.ece This is done to enable adoption of digital transactions in rural areas Mumbai, January 6The Payments Council of India has welcomed the move
‘Lack of consistent income key reason for most people being out of financial inclusion’ – The Financial Express
Clipped from: https://www.financialexpress.com/economy/lack-of-consistent-income-key-reason-for-most-people-being-out-of-financial-inclusion/2400446/ Rawat was speaking at a financial inclusion program meet held in Aurangabad on Wednesday. Most people are still out of financial inclusion due
Women directors mandate tokenism; regulation wording “humorous”: Damodaran – The Financial Express
Clipped from: https://www.financialexpress.com/market/women-directors-mandate-tokenism-regulation-wording-humorous-damodaran/2400386/ When a woman gets approached to join a board, she should first question if the appointment is being made to tick a box
RBI lays down eligibility norms for entities tapping credit bureau data – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-lays-down-eligibility-norms-for-entities-tapping-credit-bureau-data/2399492/ The rules say a company must be owned and controlled by resident Indian citizens to become a specified user with a credit bureau,
CVC expands ambit of advisory board on large scale bank frauds – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/cvc-expands-ambit-of-advisory-board-on-large-scale-bank-frauds/2400364/ Officials of the level of general managers and above, whole-time directors, including former officials or former whole-time directors are under the ambit of
RBI releases eligibility criteria for ‘specified users’ of CICs – The Financial Express
lipped from: https://www.financialexpress.com/industry/banking-finance/rbi-releases-eligibility-criteria-for-specified-users-of-cics/2399394/ As per the requirements, a ‘specified user’ should be a company incorporated in India or a statutory corporation established in the country. The
India’s trade deficit could soon double to $200 billion, as domestic demand drives up imports – The Financial Express %
Clipped from: https://www.financialexpress.com/economy/indias-trade-deficit-could-soon-double-to-200-billion-as-domestic-demand-drives-up-imports/2398711/ The country’s trade deficit is expected to widen to $190 billion in the current fiscal year 2021-22, and further to $200 billion in
Five things you need to know before investing in cryptocurrencies – The Financial Express
Clipped from: https://www.financialexpress.com/money/five-things-you-need-to-know-before-investing-in-cryptocurrencies/2399585/ The Indian government is working on a financial bill to regulate virtual currencies, which may give clarity on how the crypto market will
Legal notice to Income tax dept for not extending ITR filing deadline – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/legal-notice-to-income-tax-dept-for-not-extending-itr-filing-deadline/articleshow/88728559.cmsSynopsis AOTAA has asked for the ITR filing deadline to be extended as well as the late filing fee collected to be returned to
Vedanta’s Twin Star to appeal against NCLAT order on restarting the Videocon Industries resolution plan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/vedantas-twin-star-to-appeal-against-nclat-order-on-restarting-the-videocon-industries-resolution-plan/articleshow/88738573.cmsSynopsis Twin Star Technologies is set to argue that the CoC is Functus Officio – implying that the role of the committee of creditors
Third wave of COVID-19 to pose risk to asset quality of banks: ICRA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/third-wave-of-covid-19-to-pose-risk-to-asset-quality-of-banks-icra/articleshow/88732961.cmsSynopsis A third wave poses a high risk to the performance of the borrowers that were impacted by the previous waves and hence poses
Omicron-led third wave infects more people but spares lungs – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/india/omicron-led-third-wave-infects-more-people-but-spares-lungs/articleshow/88723017.cmsSynopsis Compared to the previous two waves the symptoms are mild and the duration of illness shorter. Doctors say that those who are getting
You’ll have to spell out a crypto law – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/youll-have-to-spell-out-a-crypto-law/articleshow/88741661.cmsSynopsis If the government thinks that unlike a separate law that was passed for International Financial Services Centres, there is no need for a
Our health workers need to be healthy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/our-health-workers-need-to-be-healthy/articleshow/88741686.cmsSynopsis Compromised cardiopulmonary health on account of poor air quality could enhance Covid-related hospitalisation despite Omicron’s lower level of virulence. There is a need
reliance-dunzo deal: $240 million delivered, Reliance Retail picks up 25.8% stake in Dunzo – The Economic Times
lipped from: https://economictimes.indiatimes.com/tech/startups/reliance-retail-picks-up-25-8-stake-in-dunzo-leads-240-million-funding/articleshow/88733921.cmsSynopsis The Reliance-Dunzo deal has more than doubled the valuation of the Bengaluru-based startup to $775 million. Dunzo is planning an IPO in the
NBFCs seek ‘flexibility’ in MSME loans, refinancing facility for onward lending to small businesses – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-nbfcs-seek-flexibility-in-msme-loans-refinancing-facility-for-onward-lending-to-small-businesses/2399612/ Credit and Finance for MSMEs: The RBI in November 2021 had asked lenders to classify borrower accounts as overdue as part of their
Bitcoin could become more valuable than gold; Goldman Sachs says this crypto may hit $100,000 mark – The Financial Express
Clipped from: https://www.financialexpress.com/market/bitcoin-could-become-more-valuable-than-gold-goldman-sachs-says-this-crypto-may-hit-100000-mark/2399584/ Goldman said that bitcoin currently has 20% share of “store of value” market citing it’s $700 billion market capitalization compared to the around
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