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
Category: RBI–Banks
Bounce rates of auto debit transactions rise in April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/bounce-rates-of-auto-debit-transactions-rise-in-april/article34596357.ece?homepage=true But limited lockdowns may mute impact In a worrying repetition of last year’s Covid-19 led economic distress, bounce rates for recurring transactions were
NCLT asks DHFL lenders to consider Wadhawan’s offer – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/nclt-asks-dhfl-lenders-to-consider-wadhawans-offer/article34600044.ece?homepage=true Bankers say since PCHFL’s resolution plan has been approved by majority of the lenders, it is unlikely that their decision will change. The
As Coronavirus lurks, Indians save wealth for health – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/as-virus-lurks-indians-save-wealth-for-health/articleshow/82750222.cmsSynopsis Companies and financial experts said that prospective customers are diverting funds that could have gone into the purchase of discretionary items toward unforeseen
Commerce Ministry likely to ask RBI to extend Interest Equalisation Scheme beyond June 2021 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/commerce-ministry-likely-to-ask-rbi-to-extend-interest-equalisation-scheme-beyond-june-2021/article34586295.ece Exporters say access to cheaper credit essential in retaining competitiveness The Commerce Ministry may ask the RBI to extend the Interest Equalisation Scheme
About 50% of rated entities are ‘issuer non-cooperating’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/about-50-of-rated-entities-are-issuer-non-cooperating/article34589623.ece Borrowers find it difficult to obtain NOC from banks The number of companies being rated as ‘issuer non-cooperating’ has risen sharply for all
Dull Demand: Drop in commercial papers issuances points to slowing credit growth at banks – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/dull-demand-drop-in-commercial-papers-issuances-points-to-slowing-credit-growth-at-banks/2254497/ According to data released by the Reserve Bank of India (RBI), CP issuances were to the tune of Rs 89,576 crore in April
Bank stocks: Bold bets on banking could pay off, feel fund managers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bold-bets-on-banking-couldpay-off-feel-fund-managers/articleshow/82750380.cmsSynopsis Fund managers are bullish on the large private sector banks, such as HDFC Bank, ICICI Bank, Axis and Kotak. They believe their strong
Cryptos are entirely useless products: Former finance secretary Subhash Chandra Garg – The Economic Times [ OCT 2020 news ]
Clipped from: https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/cryptos-are-entirely-useless-products/articleshow/78472917.cmsSynopsis When everything is getting digitised, currency should too. The day is not far when digital currency will come into being. But cryptocurrency is
The Disconnect: Real rates, unreal times – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/the-disconnect-real-rates-unreal-times/articleshow/82749849.cms Synopsis–Someone has to pay the price to keep the wheels moving — so that one day the sputtering engine of growth starts roaring.
For a good ‘bad bank’ – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/editorial/for-a-good-bad-bank/article34589246.ece Many operational details need to be thrashed out before the “bad bank” gets started With borrowers likely to take a renewed hit on
RBI, look through this price rise – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/rbi-look-through-this-price-rise/articleshow/82747208.cmsSynopsis There are concerns that the spurt in WPI would leave the Reserve Bank of India (RBI) with little leeway to cut interest rates
Sovereign rating risk | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/sovereign-rating-risk-121051701487_1.html Govt must take steps to avoid a downgrade Daily Covid-19 cases are showing initial signs of stabilising, with India reporting less than 300,000
Using reserves: When, if not now? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/using-reserves-when-if-not-now-121051800014_1.html India continues to be in urgent need of various supplies to deal with Covid-19 Though we have had some improvement in the last
How will the economy pan out this fiscal? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-will-the-economy-pan-out-this-fiscal/article34580661.ece Thanks to the second wave of Covid, double-digit GDP growth seems elusive and household finances will weaken further The second wave of Covid-19
Can clear home loan online but collect original sale agreement – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-can-clear-home-loan-online-but-collect-original-sale-agreement/2253684/ Once you have a buyer, you need to share the loan details with the buyer. The buyer will pay part of the purchase
Can digital cash make inflation worse? Fed, other central banks need to be cautious – The Financial Express
Clipped from: https://www.financialexpress.com/economy/can-digital-cash-make-inflation-worse-fed-other-central-banks-need-to-be-cautious/2253415/ Inflation is coming. Or wait, it’s already here. Bond investors are looking at the 4.2% annual rate that U.S. consumer prices jumped to
Cryptocurrency in India: Crypto exchanges want Sebi or a new entity as regulator, not RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-exchanges-want-sebi-or-a-new-entity-as-regulator-not-rbi/articleshow/82718907.cms Synopsis–Nature of the assets is closer to a commodity and not a currency and hence falls within the domain of the capital markets
NBFCs survived first Covid wave but face second hurdle, says RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/nbfcs-survived-first-covid-wave-but-face-second-hurdle-says-rbi/articleshow/82712068.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Among sectors NBFCs lend to, industrial sector, particularly micro and small and large industries, were the hardest hit by the pandemic as they
Coronavirus second wave hit aggregate demand more than supply, says RBI bulletin – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/coronavirus-second-wave-hit-aggregate-demand-more-than-supply-says-rbi-bulletin/articleshow/82710345.cmsSynopsis The central bank said despite seasonally adjusted month-on-month momentum in industrial production being positive for the fourth consecutive month, anecdotal evidence points to
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