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
Category: RBI–Banks
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,
Depositors to get up to Rs 5 lakh within 90 days if bank under moratorium | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/depositors-to-get-up-to-rs-5-lakh-within-90-days-if-bank-under-moratorium-121072801218_1.html The announcement covers 98.3% of all deposit accounts and 50.9 per cent of the deposit value, Finance Minister Nirmala Sitharaman said Finance Minister
RBI allows wallets, white label card networks to access RTGS, NEFT systems | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-allows-wallets-white-label-card-networks-access-to-its-payment-systems-121072801709_1.html Centralised Payment Systems’ access will also help lower cost of payments for non-banks, reduce their dependence on banks, says RBI Photo: Bloomberg The Reserve
Changes to DICGC Act: Deposit insurance cover gets stronger – The Financial Express
Clipped from: https://www.financialexpress.com/economy/changes-to-dicgc-act-deposit-insurance-cover-gets-stronger/2299587/ Customers to have access to deposits in 90 days if a bank goes bust; start-ups to benefit as a dozen offences by LLPs
Depositors to get upto Rs 5 lakh from DICGC within 90 days if bank fails: Cabinet clears amendment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/save/depositors-to-get-upto-rs-5-lakh-from-dicgc-within-90-days-if-bank-fails-cabinet-clears-amendment/articleshow/84824441.cmsSynopsis This move is expected to cover around 98.3% of total number of accounts and 50.9% of the value of total deposits held with
Deposit insurance bill amendments okayed, all kinds of deposits up to Rs 5 lakh in all types of banks to be insured – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/deposit-insurance-bill-okayed-all-kinds-of-deposits-up-to-rs-5-lakh-in-all-types-of-banks-to-be-insured/articleshow/84823146.cmsSynopsis 98.3% of all deposit accounts will get covered under it, in terms of value of the deposits over 50% coverage. Bank depositors will
Gold reserves with RBI surged over 12 times in 20 years: Govt data – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gold-reserves-with-rbi-surged-over-12-times-in-20-years-govt-data/article35562643.ece Around ₹50,000 crore lying as unclaimed deposit with banks, insurance companies Gold reserves with the Reserve Bank of India surged over 12 times
Urban co-op banks in ICU, post-Covid – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/urban-co-op-banks-in-icu-post-covid/article35566094.ece Depositors’ ire A file picture of protests against mismanagement at UCBs – The Hindu Depositors’ ire A file picture of protests against mismanagement
MSMEs need more support, speedy relief: Parliamentary panel to Centre – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/msmes-need-more-support-speedy-relief-parliamentary-panel-to-centre/article35568684.ece Larger package will spur demand, investment, exports and jobs, it says The Industry Standing Committee of Parliament, headed by TRS leader K Keshava
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