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
Category: RBI–Banks
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
Hospitals to reap the benefits of RBI’s health care liquidity injection | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/hospitals-to-reap-the-benefits-of-rbi-s-health-care-liquidity-injection-121050601444_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 While top hospital chains reported an average borrowing cost of 9.8% in H1FY21, loans under the special RBI liquidity window for the health
Banks want RBI to relax NPA norms for lockdown-stressed MSME sector | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/banks-want-rbi-to-relax-npa-norms-for-lockdown-stressed-msme-sector-121050700674_1.html Bankers request extension of NPA classification norms to 180 days from 90 days currently The MSME sector was already reeling under pressure and
Shaktikanta Das speech highlights: The emergency measures outlined by RBI Governor in unscheduled address – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/the-emergency-measures-shaktikanta-das-outlined-at-his-unscheduled-address-today/articleshow/82399785.cmsSynopsis Governor Das had been holding discussions with banks and NBFCs for some time about the ground situation on liquidity, credit flow and balance
RBI not to provide moratorium but restructuring 2.0 in place for borrowers – Check details – The Financial Express
Clipped from: https://www.financialexpress.com/money/rbi-not-to-provide-moratorium-but-restructuring-2-0-in-place-for-borrowers-check-details/2246095/ Those who had not availed the re-structuring 1.0 can now avail the re-structuring 2.0 if the loan amount is up to Rs 25
Here’s what else the RBI can do as pandemic rages on – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/heres-what-else-the-rbi-can-do-as-pandemic-rages-on/articleshow/82428076.cmsSynopsis As regulator of the banking sector, the RBI can ease loan repayment rules, especially for sectors badly hit by the pandemic’s second wave
Majority of SMEs qualify for restructuring says Crisil – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/majority-of-smes-qualify-for-restructuring-says-crisil/articleshow/82433645.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Last fiscal, a third of these SMEs had cushioned their liquidity by availing of the RBI mandated six month moratorium on bank loans.
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