Clipped from: https://www.business-standard.com/article/economy-policy/inflationary-situation-in-india-is-at-a-very-risky-bend-kaushik-basu-121072201507_1.html India needs a much better curation of policy once again between the Reserve Bank of India and the finance ministry, says former CEA
Category: RBI–Banks
Govt banks continue to have truncated boards, 10 don’t even have a chairman | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/govt-banks-continue-to-have-truncated-boards-10-don-t-even-have-a-chairman-121072300154_1.html Meeting quorum of board sub-committees becomes difficult sometimes, say bankers Illustration: Binay Sinha The talk of governance reforms at public-sector banks seems to remain on
mastercard ban: ‘Mastercard’s dual record maintenance led to RBI ban’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/mastercards-dual-record-maintenance-led-to-rbi-ban/articleshow/84623039.cmsSynopsis Mastercard is said to have failed to erase the Indian leg of the transaction data from overseas servers within 24 hours as mandated
Restructured MSME loan accounts worth over Rs 55k crore by PSBs double in 18 months – The Financial Express
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
‘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
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