Clipped from: https://www.business-standard.com/article/pf/online-fraud-alert-deny-remote-access-to-your-laptop-say-analysts-121052600024_1.html If you do give access, monitor service provider’s activity New users of digital payment services are especially vulnerable During the Covid-19 pandemic, online
Category: RBI–Banks
We are the Tesla of credit cards: Slice founder & CEO Rajan Bajaj | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/we-are-the-tesla-of-credit-cards-slice-founder-ceo-rajan-bajaj-121052300882_1.html We have a non-banking financial company (NBFC) that provides the financing for transactions. Rajan Bajaj, the founder and chief executive officer of Slice
Rising stock markets amid GDP contraction poses risk of a bubble, says RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/rising-stock-markets-amid-gdp-contraction-poses-risk-of-a-bubble-says-rbi-121052701358_1.html ‘The widening gap between stretched asset prices relative to prospects for recovery in real economic activity emerged as a global policy concern,’ RBI
Analysts see RBI remain accommodative, hold rates in June 4 policy review | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/analysts-see-rbi-remain-accommodative-hold-rates-in-june-4-policy-review-121052700420_1.html In April, the six-member monetary policy committee had voted unanimously for a status quo on the key rates Inflation and growth concerns amid
Despite record dividend, RBI and govt may have differences over new norms | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/despite-rbi-s-record-dividend-rift-surfaces-with-finmin-over-audit-norms-121052601038_1.html Apex bank’s Rs 99,122 cr dividend supports the Centre’s fiscal rescue plan, obviates need to ramp up borrowings for now The finance ministry feels the
Cyberattacks could trigger more rating actions on banks, says S&P | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/cyberattacks-could-trigger-more-rating-actions-on-banks-says-s-p-121052501622_1.html The banking sector is becoming more exposed to cybercrime after the Covid-19 pandemic accelerated digitalization and remote working Cyber defense will become an
Banks ready to transfer 37 NPAs worth ₹92,000 crore to NARCL – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-ready-to-transfer-37-npas-worth-92000-crore-to-narcl/article34652041.ece Videocon, Reliance Naval, Essar Power Gujarat and Coastal Energy among others in the assets transfer list Banks have so far zeroed-in on 37
Banks may target family trusts of loan guarantors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-may-target-family-trusts-of-loan-guarantors/articleshow/82985824.cms Synopsis–Many of the family trusts created by businesspeople are meant primarily to protect their assets from potential claims related to their companies, such
What triggered spikes in short-term interest rates? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/what-triggered-spikes-in-short-term-interest-rates/articleshow/82977192.cms Synopsis–“The liquidity surplus has reduced with the CRR (cash reserve ratio) rollback and likely rising government cash balances,” said Anand Bagri, Head –
Credit card spends grow at slow pace as Covid second wave hits sentiment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/credit-card-spends-grow-at-slow-pace-as-covid-second-wave-hits-sentiment/articleshow/82992775.cmsSynopsis Asset quality from the unsecured segment a big worry; banks have curtailed credit limits and also cut back on new customer additions Mumbai:
Falling between the cracks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/r-srinivasan/falling-between-the-cracks/article34651753.ece The pandemic has worsened the plight of India’s urban poor. It is time the Centre turned its policy focus on them Just how
RBI to the rescue, again – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-centre-cannot-be-grudged-the-large-surplus-transfer-from-the-rbi-but-prudence-is-important/article34651731.ece?homepage=true The Centre cannot be grudged large surplus transfer from the RBI, but prudence is important The transfer of ₹99,122 crore of its surplus
Tough audit rules | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/tough-audit-rules-121052501692_1.html RBI must consider the concerns of financial services players About a month ago, the Reserve Bank of India (RBI) issued a circular that substantially altered
Reserve Bank of India digs in heels on auditor appointments at banks, NBFCs | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/reserve-bank-of-india-digs-in-heels-on-auditor-appointments-at-banks-nbfcs-121052600035_1.html The para banks, however, were allowed to do the change from the second half of the fiscal year. The RBI has argued that
Growth pangs: Govt weighs fresh stimuli, relief package to soften Covid-19 blow – The Financial Express
Clipped from: https://www.financialexpress.com/economy/growth-pangs-govt-weighs-fresh-stimuli-relief-to-soften-covid-19-blow/2258903/ Package could be ‘smaller compared to last year’s yet meaningful’; tourism, hospitality, aviation among focus sectors The RBI had in April (before the
Increase in default risk leads to rise in interest rate spread, decline in credit growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/increase-in-default-risk-leads-to-rise-in-interest-rate-spread-decline-in-credit-growth/article34636079.ece A positive shock to risk premium increases interest rate spread by 30 basis points An increase in default risk, captured by gross non-performing
RBI should appoint statutory auditors for public sector banks: ICAI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/let-rbi-appoint-public-sector-banks-statutory-auditors-icai/article34643650.ece ‘Change along the lines of CAG appointing auditors for public sector entities’ The CA Institute has suggested that appointment of statutory central auditors
Defer auditor appointment by at least two years: CII tells RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/defer-auditor-appointment-by-at-least-two-years-cii-tells-rbi/article34627470.ece Phase-wise implementation of norms will ensure better compliance, suggests industry chamber A significant policy measure such as this should not be applied retrospectively
Mudra Loans: Govt wants lenders to step up focus on Mudra loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/govt-wants-lenders-to-step-up-focus-on-mudra-loans/articleshow/82889995.cms Synopsis“We are also considering extending the interest subvention of 2% on prompt repayment of Shishu loans sanctioned under the Pradhan Mantri Mudra Yojana
Reserve Bank of India surplus is rightfully the government’s – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/reserve-bank-surplus-is-rightfully-gois/articleshow/82917954.cmsSynopsis In this unprecedented time of economic contraction and much uncertainty, the larger RBI dividend would proactively improve government finances and reduce market borrowings.
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