Clipped from: https://www.thehindubusinessline.com/opinion/look-beyond-rate-cut-to-boost-credit-flow/article33233880.ece The RBI’s steps have ensured adequate liquidity and lower interest rates. Banks must now step up and boost lending Ever since the pandemic
Category: RBI–Banks–NBFCs
60 companies submit bids for Reliance Capital’s asset monetisation | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/strong-response-for-reliance-capital-s-asset-sale-60-firms-submit-bids-120120201240_1.html Oaktree, JC Flowers, 6 others submit EoIs for entire company The sale of Reliance Capital’s (RCap’s) assets by Indian banks has received overwhelming
Halt digital launches, stop selling new credit cards: RBI tells HDFC Bank | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/halt-digital-launches-stop-selling-new-credit-cards-rbi-tells-hdfc-bank-120120300354_1.html The RBI issued the order with regard to certain incidents of outages in the internet banking/ mobile banking/ payment utilities of HDFC Bank
Wherever we’ve seen unlocking, we’ve seen a revival in demand: SBI Chairman | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/wherever-we-ve-seen-unlocking-we-ve-seen-a-revival-in-demand-sbi-chairman-120120300015_1.html Inflation rate in excess of 7% is essentially attributed to supply-side constraints, says chairman State Bank of India (SBI) Chairman DINESH KHARA doesn’t hesitate to
Lakshmi Vilas Bank comes under Sebi scanner for ‘insider trading’ | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/lakshmi-vilas-bank-comes-under-sebi-scanner-for-insider-trading-120120201540_1.html Based on an exchange’s surveillance report, the regulator is examining trading in the scrip between 2018 and 2019 Capital markets regulator Securities and Exchange Board of
Bank lending, deposit rates have bottomed out: SBI chief Dinesh Khara | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/bank-lending-deposit-rates-have-bottomed-out-sbi-chief-dinesh-khara-120120300037_1.html Khara said SBI and other banks in the country were aware that the economy required softer rates to continue. Bank lending rates “have
ICICI Bank, Indian Bank at risk of becoming ‘fallen angels’, warns S&P | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/icici-bank-indian-bank-at-risk-of-becoming-fallen-angels-warns-s-p-120120201553_1.html S&P terms an entity a “fallen angel” if its rating is lowered to speculative-grade from investment-grade Many potential “fallen angel” banks — including ICICI
IDBI Bank puts home loan, LAP, corporate NPAs worth around Rs 970 cr on sale – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/idbi-bank-puts-home-loan-lap-corporate-npas-worth-around-rs-970-cr-on-sale/2141862/ Loans to two Bhubaneswar-based companies — Raipur Power & Steel and Parth Concast — are being offered at a total reserve price of
Monetary policy fails to stimulate the economy – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/monetary-policy-fails-to-stimulate-the-economy/2142002/ Subdued credit growth is a bigger concern than rising inflation. Time for the MPC to shed light on this inability to revitalise demand
Banks want RBI to extend recast window till March 31, 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-want-rbi-to-extend-recast-window-till-march-31-2021/articleshow/79531422.cmsSynopsis Bankers have requested the regulator that given the case in the Supreme Court leading to a prolonged moratorium, they haven’t been able to
NPA: High bounce rates indicate trouble ahead for lenders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/high-bounce-rates-indicate-trouble-ahead-for-lenders/articleshow/79533504.cmsSynopsis Most banks and NBFCs have claimed of achieving near normal collection efficiency levels, but data suggests that Covid has altered borrower repayment behaviour.
paypal: Razorpay, PayPal come together to help MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/razorpay-paypal-come-together-to-help-msmes/articleshow/79526833.cmsSynopsis By integrating PayPal into Razorpay’s payment platform, freelancers and MSMEs will be able to accept international payments easily. BENGALURU: Razorpay has announced a partnership with PayPal to
Why business barons should not run banks – The Hindu
Clipped from: https://www.thehindu.com/opinion/op-ed/why-business-barons-should-not-run-banks/article33224502.ece They will not only enrich themselves but also crush competition First, a confession is in order. Would I want to own a bank
Encrypting the rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-rbi-should-start-working-on-an-official-cryptocurrency-for-india/article33223897.ece The RBI should start working on an official cryptocurrency for India With the European Central Bank expressing its intention to evaluate a Central
A three-pronged strategy | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-three-pronged-strategy-120120101371_1.html Lay out a credible fiscal consolidation plan, reverse tax buoyancy decline, and boost non-tax revenues In two months from now, Union Finance Minister Nirmala
Beyond the rate decision | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/beyond-the-rate-decision-120120101351_1.html RBI will have to address the excess liquidity issue The interest rate decision will be relatively easy for the Reserve Bank of India’s
High inflation rules out rate easing – The Financial Express–economic times
Clipped from: https://www.financialexpress.com/opinion/high-inflation-rules-out-rate-easing/2141109/ We expect the CPI inflation to recede below the upper-end of the MPC’s target range of 6%, only in December, and average a
RBI’s options narrow as inflation & inflows both rise – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rbis-options-narrow-as-inflation-inflows-both-rise/2141130/ Keeping repo unchanged is an obvious choice, the bigger challenge is the balance between inflation and rupee value Given retail inflation for October
These companies are making finance easy for small firms – Pandemic lesson: Go online | The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/these-companies-are-making-finance-easy-for-small-firms/slideshow/79485622.cms 2/6 Making bookkeeping easy Gimbooks, a cloud-based bookkeeping app, was launched in 2017. This was the same year when the Goods and Services
U GRO Capital partners with Wadhwani Foundation to help MSMEs thrive in post Covid era – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/u-gro-capital-partners-with-wadhwani-foundation-to-help-msmes-thrive-in-post-covid-era/articleshow/79506728.cmsSynopsis MSMEs can benefit from this partnership by addressing their strategic, operational and development needs as part of the ‘Sahayata Stability Program’. U GRO
