Clipped from: https://www.thehindubusinessline.com/money-and-banking/ed-issues-show-cause-notice-to-wazirx-directors-under-fema/article34788940.ece Not received any notice; will cooperate in any investigation: CEO Nischal Shetty The Enforcement Directorate has issued a show cause notice to cryptocurrency
Category: RBI–Banks
30-day overdues in microfinance loans may double to reach 14-16%: Crisil | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/30-day-overdues-in-microfinance-loans-may-double-to-reach-14-16-crisil-121061100650_1.html Collection efficiency of MFIs likely to drop to 75-80% in May, from 90-95% in March, creating asset quality pressures Imaging: Ajay Mohanty The
‘Not an expert’: SC declines to pass order on loan moratorium amid Covid | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/not-an-expert-sc-declines-to-pass-order-on-loan-moratorium-amid-covid-121061100827_1.html The top court said the courts are not experts in financial matters A view of the Supreme Court | Photo: PTI The Supreme Court on
Ex-IL&FS group chief Ravi Parthasarathy arrested in Rs 1-lakh cr scam–business today
Clipped from: https://www.businesstoday.in/current/corporate/ex-ilfs-group-chief-ravi-parthasarathy-arrested-in-rs-1-lakh-cr-scam/story/441467.html EOW says Parthasarathy was heading IL&FS group that comprised more than 350 group firms, and they were channelised to as a “vehicle to
Financial sector woes – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/financial-sector-woes/article34783141.ece Covid 2.0 poses many a challenge for the sector The second wave of Covid-19 has taken everyone by surprise, and it has struck
Better alternatives to loan moratorium – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/better-alternatives-to-loan-moratorium/articleshow/83409051.cmsSynopsis The concern is real, and it is imperative to address the distress in India’s small business universe that prompts such calls. But moratorium
RBI may give banks/NBFCs more time to appoint auditors – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-may-give-banksnbfcs-more-time-to-appoint-auditors/article34782339.ece?homepage=true The guidelines allow regulated entities to appoint auditors for three years The Reserve Bank of India may give more time to regulated entities,
Despite the turmoil, DHFL buy is an opportunity for Piramal Group – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/despite-the-turmoil-dhfl-buy-is-an-opportunity-for-piramal-group/article34772463.ece The main attraction of DHFL for the Piramal Group is the scale of its operations and branch network Mortgage financier Dewan Housing Finance
Ever wondered how much money has been recovered through IBC? Here’s the data – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/ever-wondered-how-much-money-has-been-recovered-through-ibc-heres-the-data/articleshow/83363743.cms Synopsis–Out of the total 4,300 cases that have been admitted to bankruptcy courts since FY17, only 8% has been resolved and nearly 40%
reserve bank of india: RBI may use money managers to boost forex reserves yield – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/rbi-may-use-money-managers-to-boost-forex-reserves-yield/articleshow/83386209.cms Synopsis–The Reserve Bank of India (RBI) is weighing the option of engaging specialist money managers to help improve yields on the reserves fund
Despite the turmoil, DHFL buy is an opportunity for Piramal Group – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/despite-the-turmoil-dhfl-buy-is-an-opportunity-for-piramal-group/article34772463.ece?homepage=true The main attraction of DHFL for the Piramal Group is the scale of its operations and branch network Mortgage financier Dewan Housing Finance
Mswipe: Mswipe develops MSME score for risk based credit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/mswipe-develops-msme-score-for-risk-based-credit/articleshow/83364763.cmsSynopsis The new tool will make assessment of MSME creditworthiness easier and provide the opportunity to differentiate risks thereby opening possibilities of dynamic pricing
China is trying to tame inflation. It matters to much of the globe – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/china-is-trying-to-tame-inflation-it-matters-to-much-of-the-globe/articleshow/83360967.cmsSynopsis For some goods, prices are indeed rising. Paper manufacturers have raised bulk volume prices for products like napkins and toilet paper four times
RBI money printing should be last option, govt can consider Covid bonds: Subbarao – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-money-printing-should-be-last-option-govt-can-consider-covid-bonds-subbarao/articleshow/83369306.cmsSynopsis India’s economy contracted by less-than-expected 7.3 per cent in the fiscal ended March 2021. For 2021-22, the deficit has been put at 6.8
Second wave impact: Auto debit payment bounce rate increases further in May | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/second-wave-impact-auto-debit-payment-bounce-rate-increases-further-in-may-121060800489_1.html The unsuccessful auto-debit requests through the NACH platform are generally referred to as bounce rates The decline in auto-debit transactions had peaked in
Banks’ collection efficiency for micro-loans drops significantly – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/covid-woes-banks-collection-efficiency-for-micro-loans-drops-significantly/2267778/ Lenders feel that collection efficiency is likely to be ‘volatile’ in the first quarter of the current fiscal year due to the intermittent
Banks face ₹42,000-cr haircut as NCLT clears Vedanta firm’s ₹2,900-crore bid for Videocon – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/banks-face-42000-cr-haircut-as-nclt-clears-vedanta-firms-2900-crore-bid-for-videocon/article34763894.ece Anil Agarwal-backed company offers to pay ₹2,900 crore to lenders Banks will take a ₹42,000-crore haircut after the Mumbai Bench of the National
Inflation knocking at the door? Here is how equity, debt investments may get impacted – The Financial Express
Clipped from: https://www.financialexpress.com/money/mutual-funds/inflation-knocking-at-the-door-here-is-how-equity-debt-investments-may-get-impacted/2267210/ Global inflation usually spills over to emerging economies through the commodities channel which is already showing up in the WPI which captures inflation
Higher interest rates soon: When to reallocate funds in investment portfolio, where to invest? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/higher-interest-rates-soon-when-to-reallocate-funds-in-investment-portfolio-where-to-invest/articleshow/83257422.cms SynopsisIt is important to sometimes reallocate funds within your portfolio. It is even more important to do so at the right time. How
Fed tapering and emerging markets | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/fed-tapering-and-emerging-markets-121060701505_1.html The year 2021 will be one of the strongest years for global growth in history One of the big risks for emerging market
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