Clipped from: https://www.business-standard.com/article/economy-policy/dicgc-to-authenticate-deposit-claims-of-failed-bank-in-30-days-121080401713_1.html Once a stressed bank is put on moratorium, DICGC will be liable to pay depositors an insured amount of Rs 5 lakh The
Category: RBI–Banks
Beyond rates: Five things to watch out for in RBI’s monetary policy | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/beyond-rates-five-things-to-watch-out-for-in-rbi-s-monetary-policy-121080500120_1.html The monetary policy committee’s commentary on inflation, growth and bonds is of much interest to the market. RBI Governor Shaktikanta Das’s policy statement
Micromanagement of Banks Not Current – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/micromanagement-of-banks-not-current/articleshow/85047364.cmsSynopsis The Reserve Bank of India’s (RBI) move to defer the implementation of its rules on current account openings by banks to October 31
Decoding the factors behind the popularity of crypto among corporates – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/decoding-the-factors-behind-the-popularity-of-crypto-among-corporates/articleshow/84973742.cms?utm_source=Desktop&utm_medium=HP_ETSpecials&utm_campaign=DPSynopsis Cryptocurrency and blockchain technologies were a relatively small and sophisticated niche of the tech industry – preserving the nerds. Companies didn’t have the
RBI’s MPC begins deliberations; likely to maintain status quo on interest rate – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbis-mpc-begins-deliberations-likely-to-maintain-status-quo-on-interest-rate/articleshow/85037829.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Experts are of the view that the RBI may prefer to wait and watch for some more time before taking any major action
SBI sees rising stress in home loan and MSME book in June quarter – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-sees-rising-stress-in-home-loan-and-msme-book-in-june-quarter/articleshow/85037804.cmsSynopsis The lender has already pulled back Rs 4700 crore from its fresh slippages in July. The stress list for the loans due between
RBI extends deadline for current account notification – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-extends-deadline-for-current-account-notification/articleshow/85037373.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “Banks will be permitted time till October 31, 2021 to implement the provisions of the circular. This extended time line shall be utilised
Inflation risks | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/inflation-risks-121080301969_1.html RBI should give a near-term road map for policy normalisation Most economists do not expect the Monetary Policy Committee (MPC) to change either the policy
Nexus could be banking’s next big thing, inspired by Indian payments system | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/nexus-could-be-banking-s-next-big-thing-inspired-by-indian-payments-system-121080400133_1.html Nexus will be like a world wide web of payments, a set of rules any country can adopt. Nexus could make international wire
RBI monetary policy meet: Beyond the growth-inflation trade-off | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-monetary-policy-meet-beyond-the-growth-inflation-trade-off-121080302015_1.html An accommodative stance on monetary policy (unchanged since June’19), in the face of an unfavourable growth-inflation trade-off is understandable for now Tirthankar Patnaik,
RBI monetary policy meet: Beyond the growth-inflation trade-off | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-monetary-policy-meet-beyond-the-growth-inflation-trade-off-121080302015_1.html An accommodative stance on monetary policy (unchanged since June’19), in the face of an unfavourable growth-inflation trade-off is understandable for now Tirthankar Patnaik,
Money laundering case: ED arrests Avantha Group’s Gautam Thapar | Business Standard News
The agency arrested him following searches at 14 locations, including Mumbai and Delhi. Gautam Thapar The Enforcement Directorate (ED), investigating a money laundering case against Avantha Group promoter Gautam
Preventing the pile up of NPAs — II – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/preventing-the-pile-up-of-npas-ii/article35704889.ece Reviving the health of the banking sector is of utmost importance – REUTERS Reviving the health of the banking sector is of utmost
Leg-up for depositors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/changes-proposed-in-the-dicgc-aamendment-bill-can-reform-deposit-insurance-in-india/article35705121.ece Depositors need immediate protection when banks are placed under any direction – THE HINDU Depositors need immediate protection when banks are placed under
e-RUPI could be bigger than UPI, say experts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/e-rupi-could-be-bigger-than-upi-say-experts/article35707133.ece Doesn’t require bank accounts or digital apps The government’s latest digital payments offering, e-RUPI, permits offline transactions which can be carried out on
Unclaimed investor money – Where it ends up and how to get it back – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-unclaimed-investor-money-where-it-ends-up-and-how-to-get-it-back/2303554/ As per the data available in the public domain, more than Rs 82,000 crore of investors’ wealth is lying unclaimed in neglected and
Small businesses hit as banks freeze current a/cs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/small-businesses-face-temporary-setback-as-banks-freeze-current-accounts-to-meet-rbi-norms/article35683965.ece Firms in a spot as banks rush to comply with RBI directive to prevent diversion of funds Operations of thousands of small businesses
Preventing the pile up of NPAs — I – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/preventing-the-pile-up-of-npas-i/article35686885.ece Strengthening due diligence, monitoring and governance will go a long way in curbing bad loans’ toxic impact Much has been written and said
E Rupi India launch: India is showing world it is not behind in adopting new technology: PM at the launch of e-RUPI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/india-is-showing-world-it-is-not-behind-in-adopting-new-technology-pm-at-the-launch-of-e-rupi/articleshow/84973158.cmsSynopsis e-RUPI is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries. The users of this seamless
Banks close lakhs of current accounts, clients open grievance accounts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-close-lakhs-of-current-a/cs-clients-open-grievance-a/c/articleshow/84956054.cmsSynopsis “As per RBI instructions, we advise that while you may continue maintaining your cash credit/overdraft account with the branch, your current account will
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