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
Category: RBI–Banks
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
sbi kyc fraud: SBI alerts about online KYC fraud: Tells customers how to keep bank account safe – The Economic Times
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
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
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