Clipped from: https://www.thehindubusinessline.com/opinion/does-rbis-inflation-band-need-a-relook/article65417016.ece The target of 4% with a 2% band either way may appear too restrictive, given today’s situation. RBI needs more elbow room As
Category: RBI–Banks–NBFCs
*****Credit cards usage, issuances increase despite rise of UPI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/credit-cards-usage-issuances-increase-despite-rise-of-upi/article65410466.ece However, UPI P2M transactions have significantly eaten into share of card and other payment modes The Unified Payments Interface is the clear leader
RBI opens banks credit for NBFCs to on-lend continuously to priority sector | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-opens-banks-credit-for-nbfcs-to-on-lend-continuously-to-priority-sector-122051301279_1.html Bank credit to NBFCs, including HFCs, will be allowed up to an overall limit of 5% of an individual banks total priority sector
*****RBI could have been more circumspect in timing: Alphaniti Fintech’s UR Bhat | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/rbi-could-have-been-more-circumspect-in-timing-alphaniti-fintech-s-ur-bhat-122050900015_1.html In conversation with Sundar Sethuraman, Bhat says policymakers should usher in changes gradually, so that markets get a fair idea of what to
*Protection card – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/protection-card/article65394118.ece Close up female hand holds levitating template mockup Bank credit card with online service isolated on green background. High quality photo istock photo
*****MPC overturns standard assumptions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/monetary-policies-could-hold-surprises/article65389330.ece Surprise can be a new way of making monetary policy more effective. | Photo Credit: NEHA S Surprise can work in achieving policy
*****RBI falls in line with global central banks | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/rbi-falls-in-line-with-global-central-banks-122050800842_1.html Another rate hike in June is on the cards. The question is: How much? Could it be 75 bps at one go or
*****RBI’s sudden repo rate hike and how it will impact you – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/rbis-sudden-repo-rate-hike-and-how-it-will-impact-you/article65381477.ece The Reserve Bank of India (RBI) headquarters in Mumbai. | Photo Credit: FRANCIS MASCARENHAS This announcement in hike will make rates of all
*****RBI’s policy rate hike likely to hit housing demand: Realty industry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/rbis-policy-rate-hike-likely-to-hit-housing-demand-realty-industry/articleshow/91318800.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis Commenting on the policy, industry body CREDAI’s President Harsh Vardhan Patodia, said, “The low repo rates had given a boost to the
*****PSBs’ credit growth crowding in credit growth from private sector banks: SBI report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/psbs-credit-growth-crowding-in-credit-growth-from-private-sector-banks-sbi-report/article65375027.ece FY22 ends with incremental credit growth at ₹10.5 lakh crore, 1.8 times higher than FY21 growth Expansion in public sector banks’ (PSBs) credit
*****Financing the recovery – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/financing-the-recovery/article65375920.ece istock/Tinnakorn Jorruang | Photo Credit: Tinnakorn Jorruang The RBI’s Report on Currency and Finance leaves unanswered questions on banking reforms The burden of
Regulations Review Authority recommends withdrawal of 225 more RBI circulars – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/regulations-review-authority-recommends-withdrawal-of-225-more-rbi-circulars/article65376376.ece With the third tranche of recommendations, the Authority has so far recommended the withdrawal of 475 RBI circulars | Photo Credit: PAUL NORONHA
*****FISME to launch digital lending platform for MSMEs; signs MoU with financial guarantee provider Eqaro | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-fisme-to-launch-digital-lending-platform-for-msmes-signs-mou-with-financial-guarantee-provider-eqaro/2509312/ Credit and Finance for MSMEs: FISME said the platform is expected to be launched this year and will provide access to collateral-free capital
*****Banks’ portfolios getting increasingly skewed towards investment in G-Secs, lending to retail sector: RBI report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-portfolios-getting-increasingly-skewed-towards-investment-in-g-secs-lending-to-retail-sector-rbi-report/article65372587.ece Representative image Risk of transforming the system into ‘G-Sec investment oriented banking’ Banks’ lending operations may get skewed towards smaller and financially weaker
*****Macro challenges of micro lenders | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/macro-challenges-of-micro-lenders-122050100920_1.html The freedom to fix interest rates has encouraged a few MFIs to jack up rates on Day One. It will take a while
*****The rebalancing act | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-rebalancing-act-122050100939_1.html Excess policy accommodation will affect growth The Reserve Bank of India’s (RBI’s) new Report on Currency and Finance (RCF), released last week, presented
Yes Bank-DHFL fraud case: CBI raids underway in Mumbai, Pune – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/yes-bank-dhfl-fraud-case-cbi-raids-underway-in-mumbai-pune/articleshow/91201881.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis These sources added that searches were underway at eight locations in Mumbai and Pune. The raids come days after the federal agency
***Bank credit to industry turns around in FY22, infra lending tops Rs 1 trn | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/bank-credit-to-industry-turns-around-in-fy22-infra-lending-tops-rs-1-trn-122042901210_1.html Credit to medium-sized industries grew a robust 71.4% in March 2022 from 34.5% last year, that to micro and small units was 21.5%
Industry well placed to ride any RBI policy rate hike: CII President – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/industry-well-placed-to-ride-any-rbi-policy-rate-hike-cii-president/article65353796.ece TV Narendran, President, CII | Photo Credit: KAMAL NARANG Policy rate hike seems imminent with industry claiming preparedness to cope with it; former
*Missing inflation mandate is a possibility: RBI’s MPC member Jayanth Varma | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/missing-inflation-mandate-is-a-possibility-rbi-s-mpc-member-jayanth-varma-122042500014_1.html ‘The markets should not assume we will guide them, because the data is coming without warning’, said Varma Jayanth R Varma, member, Monetary
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