Clipped from: https://economictimes.indiatimes.com/news/economy/finance/rbis-higher-payout-to-help-govt-tide-over-revenue-losses-from-lockdowns-analysts/articleshow/82832506.cmsSynopsis After the RBI surprised the Centre with a record Rs 99,122 crore in surplus transfer for FY21, analysts said this will help the
Category: RBI–Banks
What really caused the bloodbath in Bitcoin, Ethereum, Dogecoin? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/what-really-caused-the-bloodbath-in-bitcoin-ethereum-dogecoin/articleshow/82790638.cmsSynopsis The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of
Bond sales nosedive as Covid 2.0 cripples India Inc’s capex plans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/bonds/bond-sales-nosedive-as-covid-2-0-cripples-india-incs-capex-plans/articleshow/82836828.cms SynopsisCompanies have cumulatively sold Rs 36,720 crore worth of bonds in FY22, JM Financial data showed. That compares with about Rs 1.65 lakh
Unnecessary deviation | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/unnecessary-deviation-121052001438_1.html DHFL should not go back to its erstwhile promoter The National Company Law Tribunal’s (NCLT’s) direction to the lenders of Dewan Housing Finance
NBFCs brace for defaults, grim business prospects | Business Standard News
clipped from: https://www.business-standard.com/article/economy-policy/second-covid-19-wave-nbfcs-brace-for-defaults-grim-business-prospects-121052001459_1.html The collections are down as staff is not able to reach out to customers. With falling collections in the second Covid wave and
Dec quarter saw rise in home loan delinquencies: CRIF High Mark – The Financial Express
lipped from: https://www.financialexpress.com/industry/banking-finance/dec-quarter-saw-rise-in-home-loan-delinquencies-crif-high-mark/2255946/ While housing finance companies (HFCs) faced 7.84% delinquencies, public sector banks saw 6.3% loans under stress during Q3FY21. CRIF High Mark, however, mentioned
Allow banks wider recast of loans – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/allow-banks-wider-recast-of-loans/2255982/ The second wave has hit small businesses hard; permit recast of loans of upto Rs 50 crore, while classiying the accounts as NPAs
Banks likely to transfer about 80 large NPA accounts to NARCL – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/banks-likely-to-transfer-about-80-large-npa-accounts-to-narcl/2255777/ NARCL will pay up to 15 per cent of the agreed value for the loans in cash and the remaining 85 per cent
Released liquidity may help banks to subscribe to G-Secs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/released-liquidity-may-help-banks-to-subscribe-to-g-secs-aggregating-32000-cr-at-fridays-auction/article34607405.ece Market participants offered to sell seven G-Secs aggregating ₹1,21,696 crore Liquidity released on account of purchase of Government Securities (G-Secs/GS) aggregating ₹35,000 crore
Investors face losses amid outages in crypto bourses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/investors-face-loses-amid-outages-in-crypto-bourses/article34607768.ece Crash in price led to heavy transactions on the platforms Indian crypto investors were left in the lurch amid crashing prices, as domestic
Depositors’ body wants banks to take a cue from Govt and not cut deposit rates – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/depositors-body-wants-banks-to-take-a-cue-from-govt-and-not-cut-deposit-rates/article34605190.ece Cautions that a negative real interest rate may hamper growth in the long run The All India Bank Depositors’ Association (AIBDA) has requested
Don’t tinker with FDI e-comm rules – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/dont-tinker-with-fdi-e-comm-rules/article34599745.ece Clearing the air The government must take a clear stand on its e-commerce policy – /iStockphoto Clearing the air The government must take
RBI makes mobile wallet interoperability mandatory from FY23 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/rbi-makes-mobile-wallet-interoperability-mandatory-from-fy23/articleshow/82777061.cmsSynopsis Additionally, mobile wallets such as Paytm, PhonePe and Mobikwik can now be used for cash withdrawals up to Rs 2,000. The wallet limit
Foreign Exchange Policy; Intervention isn’t manipulation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-foreign-exchange-policy-intervention-isnt-manipulation/articleshow/82778237.cmsSynopsis The criteria for branding currency manipulators are rather simple. The US Treasury looks at three criteria: (1) foreign exchange intervention in terms of
ECB warns of financial stability risks amid market ‘exuberance’ | Business Standard News
Clipped from: https://www.business-standard.com/article/international/ecb-warns-of-financial-stability-risks-amid-market-exuberance-121052000051_1.html Says flood of fiscal & monetary stimulus may build up dangerous imbalances The euro zone is vulnerable to such spillovers because, like most
Second wave of Covid-19: Consider second loan recast, PSBs tell RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/second-wave-of-covid-19-consider-second-loan-recast-psbs-tell-rbi-121052000034_1.html Want lower provisioning for restructuring than last year Reeling from the second wave of Covid-19 and its economic impact, public sector banks have
NBFCs had objected to RBI rules on auditor change, called for expert panel | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/nbfcs-had-objected-to-rbi-rules-on-auditor-change-called-for-expert-panel-121051901180_1.html The RBI had said in its guidelines that all banks and NBFCs, except non-deposit taking ones below Rs 1,000 crore, should change their
Foreign currency deposits lose sheen due to stable rupee | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/foreign-currency-deposits-loses-sheen-due-to-stable-rupee-121051900565_1.html The flow of total NRI deposits during FY21 was $7.3 bn as compared to $8.6 bn in FY20. This was the lowest flow
PhonePe seeks to acquire Indus OS to take on Paytm, Google Pay, Amazon Pay | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/phonepe-seeks-to-acquire-indus-os-to-take-on-paytm-google-pay-amazon-pay-121051900888_1.html The acquisition would help PhonePe in its “super app and vernacular language” strategy to integrate various apps on its platform. Both Flipkart and
PPIs issued by banks and non-banks should be interoperable by March 2022: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/ppis-issued-by-banks-and-non-banks-should-be-interoperable-by-march-2022-rbi/article34599668.ece?homepage=true Interoperability shall be mandatory on the acceptance side, says the central bank The Reserve Bank of India (RBI) on Wednesday said interoperability amongst
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