Clipped from: https://economictimes.indiatimes.com/markets/bonds/now-we-know-where-exactly-rbi-wants-the-bond-yields-to-stay/articleshow/83105248.cmsSynopsis The number of people below the poverty line has increased from 6 crore to 13.4 crore due to Covid (Pew Research ). The
Category: RBI–Banks
Relief for investors as RBI clarifies on banks’ warning to crypto-dealing clients – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/relief-for-investors-as-rbi-clarifies-on-banks-warning-to-crypto-dealing-clients/articleshow/83116747.cmsSynopsis Recently, several large private and public sector lenders have cited the RBI’s 2018 notice to caution customers from dealing in digital currencies. MUMBAI:
Banks warn their customers of curbs if they deal in crypto – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/banks-warn-its-customers-of-curbs-if-they-deal-in-cryptocurrency/articleshow/83103230.cms Synopsis–Several other banks, including ICICI Bank, Yes Bank and IndusInd Bank, have also in recent weeks pulled the plug on the business accounts
Stimulus package should be broad-based, like Budget: NITI Aayog chief | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/stimulus-package-should-be-broad-based-like-budget-niti-aayog-chief-121053000658_1.html In a Q&A, Amitabh Kant says the package should aim to lift growth instead of picking specific sectors for assistance Amitabh Kant said
PSU banks to follow template with three loan buckets for recast 2.0 | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/psu-banks-to-follow-template-with-three-loan-buckets-for-recast-2-0-121053000537_1.html Lenders come out with standardised products to help mitigate Covid crisis Public sector banks, including the country’s largest lender State Bank of India
A no-action policy with focus on growth | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-no-action-policy-with-focus-on-growth-121053000836_1.html ‘Unwinding’ is unlikely to happen before the third quarter of this year even if we don’t mess up in tackling a possible third
Bad loans and personal guarantees – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/bad-loans-and-personal-guarantees/article34683404.ece The SC verdict has brought relief to creditors waging long battles against bad loans On May 21, 2021, the Supreme Court dismissed pleas
Banks can lend about ₹46,000 crore to MSMEs, civil aviation sector – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-can-lend-about-46000-crore-to-msmes-civil-aviation-sector/article34683172.ece?homepage=true Scheme extended up to Sept-end or till guarantees of ₹3-lakh crore are issued Banks can lend about ₹46,000 crore to the micro, small
Emergency credit scheme to now cover civil aviation, oxygen plants – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/emergency-credit-scheme-to-now-cover-civil-aviation-oxygen-plants/article34683988.ece In boost to multiple sectors, ₹500-crore debt ceiling for loan eligibility also goes The Government on Sunday expanded the scope of the Emergency
Could your bank be headed for bankruptcy? – The Financial Express
clipped from: https://www.financialexpress.com/economy/your-money-could-your-bank-be-headed-for-bankruptcy/2261016/ If the Altman Z score is less than 1.10, the bank is a bankruptcy candidate Altman developed the Z score as a tool
‘RBI may keep repo rate unchanged’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-may-keep-repo-rate-unchanged/article34683797.ece?homepage=true The MPC has held repo rate rock-steady at 4% since May 2020 The rate-setting monetary policy committee (MPC) is likely to stand pat
Banks send advisories to customers to not transact in cryptocurrencies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-send-advisories-to-customers-to-not-transact-in-cryptocurrencies/article34682306.ece?homepage=true Restrictions put up for cryptocurrencies trading through customer accounts as it is not permitted by the RBI In further trouble for domestic crypto
Banks decide to extend unsecured personal loans for Covid treatment – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-to-extend-unsecured-personal-loans-for-covid-treatment/article34681473.ece?homepage=true Banks to create Covid loan book as per the RBI’s announcement Public Sector Banks (PSBs) have decided to make available unsecured personal loans
PSBs to follow templated approach to restructure loans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/psbs-to-follow-templated-approach-to-restructure-loans/article34681671.ece?homepage=true Resolution process has to be invoked within 30 days from the receipt of the application Public Sector Banks (PSBs), under the aegis of
Deposit Insurance: 49.1% bank deposits are not under Rs 5 lakh insurance cover: Check if your deposit is protected – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/49-1-bank-deposits-are-not-under-rs-5-lakh-insurance-cover-check-if-your-deposit-is-protected/articleshow/83005834.cmsSynopsis Around 4.8 crore accounts do not enjoy the deposit insurance cover offered by Deposit Insurance and Credit Guarantee Corporation (DICGC). When a bank
Big 4-Indian auditors spat over new RBI guidelines turns ugly – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/big-4-indian-auditors-spat-over-new-rbi-guidelines-turns-ugly/articleshow/83045794.cms Synopsis–The spat between the Big Four professional services firms and Indian auditors over the new RBI guidelines for appointments of statutory auditors has
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
Booster dose – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-centre-will-need-to-step-in-with-measures-to-support-demand-and-revive-private-investment/article34669822.ece The Centre will need to step in with measures to support demand and revive private investment The Centre would do well to pay
KCCI seeks solutions to tackle Covid-induced problems of MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/kcci-seeks-solutions-to-tackle-covid-induced-problems-of-msmes/article34665139.ece Demands measures including relaxation of NPA norms for loans availed, waiver of fixed charges of Escoms With the second wave of Covid pandemic
Cab drivers seek moratorium on vehicle loans, support – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/national/cab-drivers-seek-moratorium-on-vehicle-loans-support/article34671113.ece “Banks and the finance cos are seizing vehicles even as the drivers are struggling to earn enough to survive” KV Kurmanath With the pandemic
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