Clipped from: https://www.business-standard.com/article/finance/complied-with-85-of-rbi-s-asks-on-technology-says-hdfc-bank-s-md-121071700838_1.html HDFC Bank was asked to pay a fine of Rs 10 crore earlier this year by the RBI HDFC Bank HDFC Bank has complied
Category: RBI–Banks
RBI must sacrifice inflation aim to aid growth: Ex-Guv Rangarajan | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-must-sacrifice-inflation-aim-to-aid-growth-ex-guv-rangarajan-121071600096_1.html India will miss its fiscal deficit target of 6.8% of GDP by at least 1 percentage point, he said C Rangarajan, former RBI
Rupee turns weakest BRICS unit despite record $ inflows – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/news-analysis/rupee-turns-weakest-brics-unit-despite-record-inflows/article35386283.ece Effect of dollar mop-up by RBI, rising crude prices and fear of US taper The rupee has lately been the weakest among BRICS
Shaping India’s Bad Bank – BusinessToday
Clipped from: https://www.businesstoday.in/magazine/finance/story/shaping-indias-bad-bank-300658-2021-07-08 Government and RBI are working to make the National Asset Reconstruction Company a reality. Here’s why we must learn from global experience After
Explained: Curbs on foreign card firms | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/foreign-card-payment-network-curb-on-new-customers-rbi-restrictions-7408619/ The RBI has barred Mastercard, American Express & Diners Club from enrolling new customers for not storing their data in India. What are
CBI books Fedderes Electric and Engineering Limited, its promoters in bank fraud case – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/cbi-books-fedderes-electric-and-engineering-limited-its-promoters-in-bank-fraud-case/articleshow/84477906.cmsSynopsis The agency has alleged that the company produced fabricated account books, misrepresented figures to borrow funds and siphoned off various loan proceeds. The
A 19-month wait: RBI action on Mastercard again shows why it is urgent to have an omnibus data protection law
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/a-19-month-wait-rbi-action-on-mastercard-again-shows-why-it-is-urgent-to-have-an-omnibus-data-protection-law/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
MSME credit and gold loan companies – lenders of last resort for fund starved small businesses – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/msme-credit-and-gold-loan-companies-lenders-of-last-resort-for-fund-starved-small-businesses-301355-2021-07-14 Commercial lenders are shying away from their primary business as they turn risk averse despite the government and the Reserve Bank of India
Bar on Mastercard: YES Bank, Bajaj Finserv, RBL to be most affected – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/co-branded-cards-exclusive-bank-tie-ups-to-get-impacted/article35335400.ece?homepage=true Many moving to Visa, RuPay YES Bank, RBL Bank and Bajaj Finserv will be most impacted by the Reserve Bank of India decision
An imperfect bonding | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/an-imperfect-bonding-121071501500_1.html Retail participation in govt bonds needs reforms The Reserve Bank of India (RBI) has taken another big step to encourage retail participation in the government
Banks may encounter legal hurdles in invoking personal guarantees | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-may-encounter-legal-hurdles-in-invoking-personal-guarantees-121071401447_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Experts say most promoters don’t register assets under their names Some foreign banks hire detectives to gather information on promoters’ assets stashed overseas,
A secondary market in corporate loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/a-secondary-market-in-corporate-loans/articleshow/84451969.cmsSynopsis A secondary market for corporate loans would lead to diversification of credit risks, provide market-based credit products for a diversified set of investors,
documents to buy real estate in India: All the documents NRIs will need when buying real estate in India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/invest/all-the-documents-nris-will-need-when-buying-real-estate-in-india/articleshow/83811630.cmsSynopsis As an NRI you will not need any special permission to buy an immovable property. However, while you can buy residential or commercial
Will Mastercard’s loss benefit Visa and homegrown RuPay? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/will-mastercards-loss-benefit-visa-and-homegrown-rupay/articleshow/84442437.cmsSynopsis While RBL Bank signed up with Visa as recently as last week, a Yes Bank spokesperson said the bank is evaluating migrating to
RBI’s ban on Mastercard may hit card issuance of private lenders | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-ban-on-mastercard-may-hit-card-issuance-of-banks-like-axis-bank-rbl-121071500476_1.html SBI Credit Card has co-branded credit cards with TATA Capital and Club Vistara on the Mastercard platform Card issuance by banks and credit card issuers that have
RBI order: Mastercard can’t onboard new customers from July 22. Check impact on Credit Card, Debit Card | The Financial Express
Clipped from: https://www.financialexpress.com/money/rbi-order-restricts-mastercard-from-onboarding-new-customers-check-impact-on-debit-card-credit-card-users/2290314/ The Reserve Bank of India has restricted Mastercard Asia/Pacific Pte. Ltd. (Mastercard) from onboarding new domestic customers onto its network from July 22nd
India’s ban on Mastercard to hit banks’ card operations, income: Sources – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/indias-ban-on-mastercard-to-hit-banks-card-operations-income-sources/articleshow/84436120.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Though existing customers will not be hit, business impact will be significant as banks need to sign new commercial deals with rival networks
RBI Mastercard Ban: Decoded: How RBI’s latest ban on Mastercard affects you – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/decoded-rbis-latest-move-to-ban-mastercard-from-issuing-new-cards/articleshow/84433861.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The RBI said that the restrictions have been imposed as in spite of lapse of considerable time and adequate opportunities being given, the
Land loan vs Home loan: How land loan differs from home loan in terms of eligibility, loan amount, tenure, tax, interest rate – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/how-land-loan-differs-from-home-loan-in-terms-of-eligibility-loan-amount-tenure-tax-interest-rate/articleshow/84168587.cmsSynopsis While home loan can be taken even for a property outside the municipal area, however, a land which is in a village or
Creating new money has downsides: RBI governor Shaktikanta Das – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/creating-new-money-has-downsides-rbi-governor-shaktikanta-das/2290409/ RBI has no rate fixation, orderly evolution of yield curve a public good, says governor He strongly rebutted the notion that a sharper
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