Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/icici-bank-launches-contactless-banking-platform-for-merchants/articleshow/82306780.cmsSynopsis It aims to empower over two crore retail merchants in the country with seamless banking services digitally. ICICI Bankon Thursday announced the launch
Category: RBI–Banks
Companies look to cover currency risk as rupee set to turn volatile – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/companies-look-to-cover-currency-risk-as-rupee-set-to-turn-volatile/articleshow/82315086.cms Synopsis”Companies with overseas borrowings are increasingly covering their positions as any sudden drop in the rupee’s value will raise their repayment liabilities amid
Bombay HC directs Palghar Police to stay probe against Indiabulls Housing Finance – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/bombay-hc-directs-palghar-police-to-stay-probe-against-indiabulls-housing-finance/articleshow/82297054.cmsSynopsis The mortgage lender had approached the court after a company shareholder approached the local police station in the Palghar District alleging siphoning of
MSME loans: NBFC lenders stare at significant dip in lending for at least three months amid Covid 2.0 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-loans-nbfc-lenders-stare-at-significant-dip-in-lending-for-at-least-three-months-amid-covid-2-0/2241981/ Credit and Finance for MSMEs: Recently industry association for NBFCs Finance Industry Development Council (FIDC) had written to RBI seeking another round of
Inflation looms large, but need accommodative RBI – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/inflation-looms-large-but-need-accommodative-rbi/2242045/ Second surge has hit recovery, and the pain could linger for some time; despite discomfort, RBI must keep monetary policy easy This is
Retailers to FM Sitharaman: Give ECLGS benefits, 6-month moratorium, interest rate cut to fight Covid 2.0 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/retailers-to-fm-sitharaman-give-eclgs-benefits-6-month-moratorium-interest-rate-cut-to-fight-covid-2-0/2242034/ Credit and Finance for MSMEs: The expert Committee made under the chairmanship of K.V. Kamath had last year recommended financial ratios for 26
Bad Banks: Not by sovereign guarantee–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/bad-banks-not-by-sovereign-guarantee/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. A sovereign guarantee for the security receipts issued
Cost to cover default risks goes up for banks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/cost-to-cover-default-risks-goes-up-for-banks/articleshow/82295319.cmsSynopsis Credit Default Swaps (CDS), an insurance against default, tied to ICICI Bank and State Bank of India are now at elevated levels that
RBI’s renewed challenges | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-renewed-challenges-121042701330_1.html The second wave could increase risk for the banking system The Indian economy has been recovering well in recent months but a sudden
Banks with assets of more than Rs 15,000 crore must hire two auditors | Business Standard News
lipped from: https://www.business-standard.com/article/finance/commercial-banks-ucbs-to-have-a-minimum-of-two-firms-for-statutory-audit-121042700399_1.html Any bank with a balance sheet of less than Rs 15,000 crore can have one statutory auditor. However, in all cases, concurrent auditors
MSMEs urge FM Nirmala Sitharaman to review NPA classification norms | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/msmes-urge-fm-nirmala-sitharaman-to-review-npa-classification-norms-121042701411_1.html In its suggestions to the finance ministry, the Federation of Indian Micro, Small and Medium Enterprises has said the greatest need that has
Permission does not a bond market make–THE ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/permission-does-not-a-bond-market-make/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Insurance regulator, Irdai, has given its go-ahead for
RBI issues guidelines for appointment of statutory auditors of banks, NBFCs
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-issues-guidelines-for-appointment-of-statutory-auditors-of-banks-nbfcs/articleshow/82270246.cmsSynopsis As per the new norms, banks will be required to take prior approval of the RBI for appointment or reappointment of statutory auditors
Restructure retail & individual loan accounts, liquidity support: FIDC to RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/restructure-retail-individual-loan-accounts-liquidity-support-fidc-to-rbi/articleshow/82273060.cmsSynopsis The body in a letter addressed to Shaktikanta Das, Governor of RBI, said this was for the interests of retail NBFCs who “primarily
Govt may soon approve proposed bad bank, though with some riders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bad-bank-likely-to-get-nod-soon-with-rider/articleshow/82283088.cms Synopsis–The rider is to ensure that non-performing assets (NPAs) are not sold at inflated prices. Also, the government will offer a sovereign guarantee
Wrong listing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-rbi-must-ignore-the-us-action-and-continue-with-its-efforts-to-maintain-rupee-stability/article34423977.ece The RBI must ignore the US action and continue with its efforts to maintain rupee stability The decision of the US Department of
Banks, UCBs with asset size of over ₹15,000 crore must have two auditors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-guidelines-require-banks-ucbs-and-nbfcs-to-appoint-auditors-for-3-years/article34420924.ece?homepage=true RBI issues guidelines for appointment of auditors in banks, co-op banks, NBFCs In a bid to ensure independence of bank auditors, the Reserve
Flush with funds, start-ups go on a hiring spree in 2020 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/flush-with-funds-start-ups-go-on-a-hiring-spree-in-2020/article34417236.ece Vedantu tops with 5,093 net addition, according to data Flush with fresh funds and business growth, start-ups stepped up hiring in 2020 even
Police book Indiabulls promoters, directors; firm moves court to quash FIR | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/police-book-indiabulls-promoters-directors-firm-moves-court-to-quash-fir-121042700022_1.html The Enforcement Directorate (ED) is learnt to have reached out to the police team seeking details of the case, a senior official confirmed
Need new well-capitalised asset-reconstruction companies, says RBI study | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/need-new-well-capitalised-asset-reconstruction-companies-says-rbi-study-121042601444_1.html Notwithstanding the increase in the number of ARCs over time, there has been a concentration in the industry in terms of AUM and
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