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
Category: RBI–Banks
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
MPC meet: RBI unlikely to tinker with benchmark rates – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mpc-meet-rbi-unlikely-to-tinker-with-benchmark-rates/articleshow/84962223.cmsSynopsis The central bank’s “accommodative” stance should see no change when the Monetary Policy Committee meets to discuss the policy on August 4-6, economists
Regulations key to orderly growth of microfinance | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/regulations-key-to-orderly-growth-of-microfinance-121080100807_1.html The RBI’s CD defines microfinance clients based on the current household income limit applicable for NBFC-MFIs Microfinance started in India three decades ago as
Expect a no-action policy, focused on growth | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/expect-a-no-action-policy-focused-on-growth-121080100917_1.html If growth picks up in the second half of the year, February is the earliest we may see the RBI changing its stance
US Fed and European Central Bank must not blind RBI at its August monetary policy meet – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/different-strokes-please/articleshow/84954658.cmsSynopsis Could MPC be taking comfort from the fact that its belief that inflation is ‘transitory’ puts it in the august company of the
Coyness for policy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/coyness-for-policy/article35635087.ece The Fed may appear coy for now but has little option other than to move towards policy normalisation The statement of the US
How banks can use cloud to unlock everything else – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-banks-can-use-cloud-to-unlock-everything-else/article35646494.ece Take a look at six ways how cloud-adoption could help the banking industry The Covid-19 epidemic has hastened digital adoption in the banking
Foreign card payment companies may have to shell out more taxes once data servers are set up – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/foreign-card-payment-companies-may-have-to-shell-out-more-taxes-once-data-servers-set-up/articleshow/84911998.cmsSynopsis A large part of the income generated by these companies in India is outside the domestic tax net as they did not have
Patchwork progress: The Hindu Editorial on insured bank deposits repayment – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/patchwork-progress-the-hindu-editorial-on-insured-bank-deposits-repayment/article35640448.ece?homepage=true Move to hasten insured bank deposits’ repayment need not have taken this long The Government hopes to ring in fresh changes to the
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