Clipped from: https://economictimes.indiatimes.com/wealth/save/sbi-alerts-about-online-kyc-fraud-tells-customers-how-to-keep-bank-account-safe/articleshow/84370088.cmsSynopsis In order to spread awareness among customers about KYC frauds that have been doing the rounds, the country’s largest bank, State Bank of
Category: RBI–Banks
Inflation stays elevated: When will the RBI act? | Deccan Herald
lipped from: https://www.deccanherald.com/opinion/inflation-stays-elevated-when-will-the-rbi-act-1008142.html RBI’s policy dilemma has come when many emerging markets central banks hiked interest rates in June to fight inflation while indicating more hikes
Monsoon session: Pre-pack insolvency, bank privatisation top agenda – The Financial Express
Clipped from: https://www.financialexpress.com/economy/monsoon-session-pre-pack-insolvency-bank-privatisation-top-agenda/2289600/ The government will also seek Parliament’s nod for the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill to give time-bound access to depositors
Regulations must remove the fetters on asset reconstruction companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/regulations-must-remove-the-fetters-on-asset-reconstruction-companies/articleshow/84389152.cmsSynopsis An ARC should not be limited to buying and selling financial securities, but must be free to buy and sell the underlying assets
PNB Housing Finance-Carlyle deal: PSBs told to tick all boxes before stake sale in units – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/pnb-housing-finance-carlyle-deal-psbs-told-to-tick-all-boxes-before-stake-sale-in-units/articleshow/84356047.cmsSynopsis This comes after the Punjab National Housing Finance-Carlyle deal controversy where the PNB board had to seek legal opinion after the deal came
Liquidity in the banking system rises as govt steps up spending | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/liquidity-in-the-banking-system-rises-as-govt-steps-up-spending-121071300041_1.html Net daily liquidity absorbed from banks on July 9 was Rs 4.6 trillion, data released on Monday showed The increase and decrease in
Only nine large firms’ debt of Rs 59,000 crore recast by banks so far | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/only-nine-large-firms-debt-worth-rs-59-000-crore-restructured-by-banks-121071201386_1.html Kamath panel approved all the nine proposals of banks Apart from Future group companies, some of the other company’ debt recast proposal that
RBI may tweak rules to reduce ARCs’ cash outgo when buying stressed assets – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-may-tweak-rules-to-reduce-arcs-cash-outgo-when-buying-stressed-assets/article35287042.ece?homepage=true The lowering of the ‘skin in the game’ requirement will encourage ARCs to step up purchase of bad loans – Getty Images/iStockphoto The
A tightrope walk for RBI | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/panorama/a-tightrope-walk-for-rbi-1006507.htmlThe Reserve Bank of India. Credit: AFP File Photo A great deal of literature in economics is devoted to determining the relative importance of
Restructured loans of non-bank financials to double by March: ICRA | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/restructured-loans-of-non-bank-financials-to-double-by-march-icra-121071200011_1.html The pandemic and the curbs imposed to contain its spread have affected the cash flow of borrowers and prolonged the recovery process, according
Banker’s Trust: Has crony capitalism hijacked bad loan resolution? | Business Standard Column
clipped from: https://www.business-standard.com/article/opinion/bad-loan-resolution-is-crony-capitalism-at-play-121071100737_1.html If bankers move fast and preserve the enterprise value of defaulting companies, recovery rate will improve even as the new insolvency law, much
Regulatory frameworks are set just right for scaling up well-managed NBFCs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-regulatory-frameworks-are-set-just-right-for-scaling-up-well-managed-nbfcs/articleshow/84325357.cmsSynopsis Over the last couple of decades, NBFCs have seen significant increase in terms of size, reach and advancements. As financial intermediaries, they primarily
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
Loan defaulter rights: Defaulted on a home or car loan repayment? Here are 4 loan defaulter rights you should know – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/defaulted-on-a-home-or-car-loan-repayment-here-are-4-loan-defaulter-rights-you-should-know/articleshow/84168770.cmsSynopsis To safeguard the interest of the borrowers RBI has introduced a Fair Practices Code. The right to humane treatment requires that borrowers be
Employees in sensitive positions should go on ‘mandatory’ leave: RBI tells banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/employees-in-sensitive-positions-should-go-on-mandatory-leave-rbi-tells-banks/article35236304.ece?homepage=true ‘No prior intimation’ in the instructions aimed at maintaining an element of surprise The Reserve Bank of India (RBI) has asked banks to
RBI warns banks of LIBOR preparedness – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-warns-banks-of-libor-preparedness/articleshow/84241608.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis In March, the UK’s Financial Conduct Authority (FCA) said that all LIBOR settings would either cease to be provided by administrators or no
Fall in outward remittances good news for India’s current account – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/fall-in-outward-remittances-good-news-for-indias-current-account/articleshow/84239666.cmsSynopsis This is the first time annual remittance outflows contracted since 2015 when the Reserve Bank of India (RBI) doubled the annual limit for
Three valuable lessons India of 2021 can learn from 1991 economic reforms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/do-escape-from-old-ideas/articleshow/84214182.cmsSynopsis There has understandably been despair in the years since then that reforms have become hostage to the pressures of our boisterous democracy and
Did you know? Debit, credit cards come with accident insurance cover – The Hindu
Clipped from: https://www.thehindu.com/business/did-you-know-debit-credit-cards-come-with-accident-insurance-cover/article35207559.ece Not many customers are aware of this; experts suggest customers check with their banks about the kinds of insurance policies offered Debit and
The current ‘inflation’ is a mystery. FinMin, RBI must tread carefully | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-current-inflation-is-a-mystery-finmin-rbi-must-tread-carefully-121070500103_1.html At a time of declining incomes, people don’t have money. So they do not buy. If they don’t buy, prices must fall, not
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