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
Category: RBI–Banks
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
Allow MSMEs to open multiple current accounts in same bank: KCCI President – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/allow-multiple-current-accounts-in-same-bank-to-msmes-kcci/article35633976.ece Outstanding loans in personal, MSME segments made up 35% Outstanding loans in personal, MSME segments made up 35%× KCCI also wants banks to
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
The structuring of micro loans matters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-structuring-of-micro-loans-matters/article35635228.ece A revolving credit, based on credit card principles, can help scale up the incomes of the underprivileged Last month, the RBI issued a
Growth Factor: A question of credit delivery – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/growth-factor-a-question-of-credit-delivery/2300512/ Boosting credit flows, especially from banks, is needed If India is to see sustained growth; The need is to address the root causes
We’ll have even better results in the coming quarters: IDBI Bank CEO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/well-have-even-better-results-in-the-coming-quarters-idbi-bank-ceo/articleshow/84887900.cmsSECTIONSWe’ll have even better results in the coming quarters: IDBI Bank CEOLast Updated: Jul 30, 2021, 02:24 PM ISTSynopsis “We have been able to
gold loans: Fast growing gold loans turn sour hit by lockdowns – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/fast-growing-gold-loans-turn-sour-hit-by-lockdowns/articleshow/84816753.cmsSynopsis Banks for which gold loans contribute substantial amount to their profits, were hit in the first quarter. Out of the Rs 640 crore
Govt done well to protect depositors and bolster confidence in banks
Clipped from: https://indianexpress.com/article/opinion/editorials/deposit-insurance-and-credit-guarantee-corporation-bill-2021-money-5-lakhs-7429195/ Government has done well to protect interests of depositors and bolster confidence in banks. More needs to be done While these are important
Covid-19 hit MSMEs hard; credit availability, liquidity a challenge: Niti Aayog’s Rajiv Kumar – BusinessToday
Clipped from: https://www.businesstoday.in/latest/economy/story/covid-19-hit-msmes-hard-credit-availability-liquidity-a-challenge-niti-aayogs-rajiv-kumar-302882-2021-07-30 Rajiv Kumar says the Centre is working towards a transition to cash-flow based funding for SMEs. Switch from inventory-based credit to cash-flow based
Why a bad bank is good – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-a-bad-bank-is-good/article35611525.ece It is vital for restoring the banking system’s health Talk of a bad bank has been around for the last 3-4 years. The
Explained: How push for factoring could benefit the MSME sector | Business Standard News
Clipped from: https://www.business-standard.com/article/specials/explained-how-push-for-factoring-could-benefit-the-msme-sector-121072901563_1.html In simple terms, factoring is acquiring bills receivables from MSMEs and releasing money, or giving short-term loans, against these bills to the MSMEs
Growth Factor: A question of credit delivery – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/growth-factor-a-question-of-credit-delivery/2300512/ Boosting credit flows, especially from banks, is needed If India is to see sustained growth; The need is to address the root causes
Mastercard, American Express ban: Why RBI should have pursued a more balanced course of action – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/mastercard-american-express-ban-why-rbi-should-have-pursued-a-more-balanced-course-of-action/primearticleshow/84835574.cms SynopsisThe Reserve Bank has recently barred the two payment-system operators from issuing fresh cards for delayed compliance. While the move has best intentions,
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