Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-restructured-msme-loan-accounts-worth-over-rs-55k-crore-by-psbs-double-in-18-months/2295763/ Credit and Finance for MSMEs: To provide resolution to the Covid-19 related stress of MSMEs, the RBI had extended the facility for restructuring existing
Category: RBI–Banks
‘RBI contemplating pilot launch of digital currency in near future’ | Deccan Herald
Clipped from: https://www.deccanherald.com/business/economy-business/rbi-contemplating-pilot-launch-of-digital-currency-in-near-future-1011640.html RBI has been exploring the pros and cons of introduction of CBDC since quite some time The Deputy Governor further said legal changes
Microfinance 2.0: To make microfinance regulation better – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/microfinance-2-0-to-make-microfinance-regulation-better/2295124/ From a larger role for self-Regulatory organisations to a revision of the household-income ceiling, there are a host of measures that can help
Insolvency and Bankruptcy Code is broken. It needs to be fixed, immediately – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/insolvency-and-bankruptcy-code-is-broke-it-needs-to-be-fixed-immediately/articleshow/84595207.cmsSynopsis While 4,540 insolvency cases have been admitted for Corporate Insolvency Resolution Process (Cirp), significant recovery has materialised only in a handful of cases,
MSME loans risky even as banks transmitted rate cuts the most – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/msme-loans-risky-even-as-banks-transmitted-rate-cuts-the-most/articleshow/84551997.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis “Despite the restructuring, however, stress in the MSME portfolio of PSBs remains high” noted RBI’s latest financial stability report (FSR). ” Given the
On banks and RTI: SC hearing issue again. More financial disclosures will balance privacy & transparency
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/on-banks-and-rti-sc-hearing-issue-again-more-financial-disclosures-will-balance-privacy-transparency/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
Hope fades for PSBs | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/hope-fades-for-psbs-121072001639_1.html Govt cannot keep infusing capital perpetually Public sector banks (PSBs) are reported to have written off about Rs 8 trillion worth of loans
Card games – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/faced-with-non-compliance-with-its-regulations-the-rbi-had-little-choice-but-to-crack-down-on-mastercard/article35429435.ece?homepage=true The central bank has taken a dim view of Mastercard’s non-compliance – REUTERS The central bank has taken a dim view of Mastercard’s
Banks once again move top court to keep inspection reports hidden | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-once-again-move-top-court-to-keep-inspection-reports-hidden-121071901318_1.html The inspections are done by RBI and not even bank staff, except top brass, are allowed to see it. But a 2015 SC
IDBI Bank stake sale: Government to first gauge investor response to IDBI stake sale – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/govt-to-first-gauge-investor-response-to-idbi-stake-sale/articleshow/84537794.cmsSynopsis The response and challenges will be assessed and, based on that, a strategy will be formulated for future privatisation in the financial sector,
Bank nationalisation: 52 years and ticking | Business Standard Column
Nationalisation has served its purpose. It’s time to move ahead, keeping majority ownership of the government in a few banks to serve people After taking
IBA to soon move application to RBI for setting up Rs 6,000-cr bad bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/iba-to-soon-move-application-to-rbi-for-setting-up-rs-6000-cr-bad-bank/articleshow/84519198.cmsSynopsis With registration of the company, the process for putting an initial capital of Rs 100 crore is on as per the guidelines, the
Ball in RBI’s court: HDFC Bank on ban on issue of new credit cards | Business Standard News
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
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
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