Clipped from: https://www.thehindubusinessline.com/opinion/rbis-stitch-in-time-act-is-spot-on/article34521706.ece The ₹50,000 crore to banks for creating a Covid loan book and other measures are timely. But more reforms may be needed Himadri
Category: RBI–Banks
Now, another tool for SBI to resolve stress – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/now-another-tool-for-sbi-to-resolve-stress/article34521272.ece Bank pursuing board approval for policy framework on pre-packs, says MD State Bank of India sees the recently-introduced pre-packaged insolvency resolution process (PPIRP)
Total balance in Jan Dhan accounts goes down by ₹2,787 crore in April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/total-balance-in-jan-dhan-accounts-goes-down-by-2787-crore-in-april/article34521372.ece?homepage=true Rural spread of Covid, loss of earnings driving withdrawals For the first time in the last eight months, total balance in Pradhan Mantri
With banks blindsided by Covid-19, incidence of fraud may well have gone up | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/with-banks-blindsided-by-covid-19-incidence-of-fraud-may-well-have-gone-up-121050900804_1.html RBI’s supervisory load has also gone up, with both non-banking financial companies and urban co-operative banks coming under closer scrutiny The shadow of
What happens to investments when the holder dies without nominating anyone? | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/what-happens-to-investments-when-the-holder-dies-without-nominating-anyone-121050701160_1.html Your family could face difficulties as getting a succession certificate from the court is easier said than done Image: iStock The second wave
There’s a weak link between economy and market, says Jitendra Gohil | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/there-s-a-weak-link-between-economy-and-market-says-jitendra-gohil-121050900764_1.html The next trigger for a sell-off can be if we go into a nationwide lockdown to curb the virus, but the probability of
MFIs, banks need to revisit micro-loan pricing: CreditAccess Grameen MD | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/mfis-banks-need-to-revisit-micro-loan-pricing-creditaccess-grameen-md-121050900781_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Newsletter_11072018 Udaya Kumar Hebbar comes across as a contrarian when he says that the industry has learnt to navigate lockdowns Udaya Kumar Hebbar, Managing
RBI in Impossible Trinity but ready with reserves, say economists | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-in-impossible-trinity-but-ready-with-reserves-say-economists-121050900931_1.html The RBI cannot have an independent monetary policy (setting domestic interest rates) in an environment of an open capital account and flexible exchange
Why Citibank is selling its consumer business in India | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/why-citibank-is-selling-its-consumer-business-in-india-121050900852_1.html It’s a strategic decision by Citigroup’s new CEO, not a reflection on its India operations. Regulators’ displeasure and investors’ ire are behind it
National Asset Reconstruction Company to be operational next month: IBA CEO – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/national-asset-reconstruction-company-to-be-operational-next-month-iba-ceo/2248707/ National Asset Reconstruction Company Ltd (NARCL), the name coined for the bad bank announced in the Budget 2021-22, is expected to be operational
Fintechs pick up MDR tab, enjoy merchant’s float – The Financial Express
lipped from: https://www.financialexpress.com/industry/banking-finance/fintechs-pick-up-mdr-tab-enjoy-merchants-float/2248754/ Industry sources said BharatPe and Paytm are among the companies offering this form of settlement. Emails sent to the two companies did not
Robust regulatory framework needed to deal with ‘open banking’ challenges: Experts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/robust-regulatory-framework-needed-to-deal-with-open-banking-challenges-experts/articleshow/82496462.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Sivarama Krishnan, Partner & Leader, Cybersecurity, PwC India, pitched for a three-level governance model to deal with the security issues concerning open banking,
Why you should to be wary of credit card mis-selling – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/why-you-should-be-wary-of-credit-card-mis-selling/article34517970.ece Over 28,000 complaints were received with respect to credit card mis-selling in FY20 Following the financial turmoil from the pandemic, customer interest for
RBI extends safety net; response proactive, loaded and well timed | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-extends-safety-net-response-proactive-loaded-and-well-timed-121050500565_1.html RBI meant strict business, with a focus on alleviating financing constraints for economic stakeholders at the grass root level bearing a disproportionate burden
RBI to Banks–:Lend to healthcare space within 30 days of availing funds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-to-banks-lend-to-healthcare-space-within-30-days-of-availing-funds/article34505796.ece The scheme will remain operational from May 7 this year till March 31, 2022 The Reserve Bank of India (RBI) on Friday said
MSMEs | Covid second wave: Shock, fear, helplessness: Covid’s second wave is an emotional and economic crisis for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/shock-fear-helplessness-covids-second-wave-is-an-emotional-and-economic-crisis-for-msmes/articleshow/82449332.cms Synopsis–It is not just the economic hardships; the second wave of Covid-19 has torn families. As MSMEs struggle to stay afloat, they confront
On-tap liquidity facility: RBI asks banks to on-lend to healthcare cos in 30 days of availing credit – The Financial Express
Clipped from: https://www.financialexpress.com/economy/on-tap-liquidity-facility-rbi-asks-banks-to-on-lend-to-healthcare-cos-in-30-days-of-availing-credit/2247863/ However, the banks will have to ensure that the amount borrowed from the RBI should at all times be backed by lending to
Profit booking leads to drop in prices of G-Secs – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/profit-booking-leads-to-drop-in-prices-of-g-secs/article34509162.ece Rates had risen in last couple of days Government securities (G-Sec) prices declined on Friday, despite the weekly auction G-Sec sailing through comfortably,
Covid-19 loans: Banks using their own resources to get the benefit | Business Standard News
lipped from: https://www.business-standard.com/article/finance/banks-using-own-funds-for-covid-19-loans-can-take-reverse-repo-rate-benefit-121050700736_1.html Earlier, option of earning 40 bps extra was for banks using RBI’s Rs 50,000-cr window On May 5, RBI governor Shaktikanta Das announced
Second month in row, Walmart’s PhonePe logs over 1 billion transactions | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/second-month-in-row-walmart-s-phonepe-logs-over-1-billion-transactions-121050701417_1.htmlIn March, it had processed 1.19 billion transactions amounting to Rs 2.31 trillion For two consecutive months, Walmart-backed PhonePe has processed more than a billion transactions
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