Clipped from: https://www.thehindubusinessline.com/money-and-banking/icai-to-move-rbi-for-tweaking-of-bank-auditor-appointment-norms/article34466122.ece Wants the cooling off period retained; suggests central bank setting minimum number of auditors The Reserve Bank of India’s new rules on statutory
Category: RBI–Banks
TReDS platform RXIL discounts receivables worth Rs 1,000 crore in a month – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/treds-platform-rxil-discounts-receivables-worth-rs-1000-crore-in-a-month/2228011/ Credit and Finance for MSMEs: From transactions worth Rs 69 crores in April 2020, RXIL reached a whopping Rs 1,105 crore in March
Pre-pack insolvency for MSMEs: How it differs from corporate insolvency resolution process; key features – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/pre-pack-insolvency-for-msmes-how-it-differs-from-corporate-insolvency-resolution-process-key-features/2244529/ Ease of Doing Business for MSMEs: The minimum default threshold of Rs 10 lakh, which has been prescribed for initiating the process, would
How to evaluate cash flow management efficiency – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-how-to-evaluate-cash-flow-management-efficiency/2244454/ A firm should have positive figure for cash from operations to attract the attention of investors If we assign a score of one
Yes Bank says no to National Asset Reconstruction Company, says will pursue own NPA aggregator – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-says-no-to-national-asset-reconstruction-company-says-will-pursue-own-npa-aggregator/articleshow/82357799.cmsSynopsis At the same time the bank is still pursuing its objective of a majority owned asset reconstruction company (ARC) and is waiting for
14% return in a year: P2P lending catches investors’ eyes–business today
Clipped from: https://www.businesstoday.in/money/investment/14-percent-return-in-a-year-p2p-lending-catches-investors-eyes/story/437764.html While the P2P lending segment is regulated by the Reserve Bank of India, one must be careful about the risks involved. Just like
Ask Money Today: What happens to funds in inactive bank account?–business today
Clipped from: https://www.businesstoday.in/money/ask-money-today/ask-money-today-what-happens-to-funds-in-inactive-bank-account/story/437667.html As per RBI guidelines, a savings or current account becomes ‘inoperative’ without transactions for two years I had an HDFC Bank current account
Why you should accumulate the stock of HDFC Bank – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/stock-fundamental-analysis-india/why-you-should-accumulate-the-stock-of-hdfc-bank/article34402533.ece?homepage=true Healthy loan book and stable asset quality, among other things, hold it in good stead With the resurgence of Covid cases and partial
Four reasons why India’s coronavirus crisis will derail the world economy | Business Standard News
lipped from: https://www.business-standard.com/article/current-affairs/four-reasons-why-india-s-coronavirus-crisis-will-derail-the-world-economy-121050100373_1.html The virulence of the second wave in India seems to be related to a confluence of factors: government complacency, driven by poor data
Assocham MSME chairman urges Centre to relax norms in view of second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/assocham-msme-chairman-urges-centre-to-relax-norms-in-view-of-second-wave/articleshow/82320910.cmsSynopsis Assocham along with other national and regional organisations have urged the Centre to extend the deadline for statutory filings in view of the
Inflation: Retail inflation for industrial workers rises to 5.64% in March – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/retail-inflation-for-industrial-workers-rises-to-5-64-in-march/articleshow/82327437.cmsSynopsis “Year-on-year inflation for the month (March) stood at 5.64 per cent compared to 4.48 per cent for the previous month (February 2021) and
cryptocurrency: Are your crypto investments legal? Here’s everything you need to know
Clipped from: https://economictimes.indiatimes.com/are-your-crypto-investments-legal-heres-everything-you-need-to-know/articleshow/82259869.cms?utm_source=Desktop&utm_medium=HP_ETGreatReads&utm_campaign=DPSynopsis Crypto exchanges like CoinSwitch Kuber have been key in supporting the government and helping investors join the bandwagon by self-regulating and obliging a
Good earnings nos vs NPA woes: Is now a good time to look at bank stocks? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/good-earnings-nos-vs-npa-woes-is-now-a-good-time-to-look-at-bank-stocks/articleshow/82344011.cmsSECTIONSGood earnings nos vs NPA woes: Is now a good time to look at bank stocks?Last Updated: May 01, 2021, 05:39 PM ISTSynopsis ‘The
Lack of Clarity: ICICI shuts out crypto trades – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/lack-of-clarity-icici-shuts-out-crypto-trades/articleshow/82337734.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis–India’s largest private sector lender ICICI Bank is distancing itself from Bitcoin and other cryptocurrencies amid conflicting signals from the Supreme Court and
Jaypee Infratech insolvency: NBCC sweetens bid, to offer up to 1,903 acres land to lenders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/jaypee-infratech-insolvency-nbcc-sweetens-bid-to-offer-up-to-1903-acres-land-to-lenders/articleshow/82315910.cmsSynopsis Earlier this month, NBCC and Mumbai-based Suraksha group submitted their fresh bids to acquire Jaypee Infratech through the insolvency process, as per the
Loan growth touches new low in the pandemic year – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/loan-growth-touches-new-low-in-the-pandemic-year/articleshow/82332926.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Gayatri NayakEditor, The Economic TimesSynopsis The pandemic led contraction in economic activity led to a sharp slowdown in credit demand Non-food bank credit
Stocks to buy: Bank of Baroda, RBL and IDFC First could double from here: Sanjiv Bhasin – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/bank-of-baroda-rbl-and-idfc-first-could-double-from-here-sanjiv-bhasin/articleshow/82328706.cmsSECTIONSBank of Baroda, RBL and IDFC First could double from here: Sanjiv BhasinLast Updated: Apr 30, 2021, 05:31 PM ISTSynopsis Midcap banks and PSUs
Yes Bank pins hopes of economic recovery even as slippages rise – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-pins-hopes-of-economic-recovery-even-as-slippages-rise/articleshow/82331201.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis CEO Prashant Kumar said he expects the economy to recover faster this fiscal amidst the second wave of Covid led by faster vaccinations
Best NRI accounts that can be opened without hassle–business today
Clipped from: https://www.businesstoday.in/impact-feature/corporate/best-nri-accounts-that-can-be-opened-without-hassle/story/437272.html NRIs are allowed to hold three types of bank accounts and deposits in India. These accounts carry different features and, accordingly, may be
Indian economy was well on the road to recovery before new virus wave hit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indian-economy-was-well-on-the-road-to-recovery-before-new-virus-wave-hit/articleshow/82320064.cmsSynopsis Passenger vehicle sales more than doubled from a year ago, rising to 291,000 units in March, according to SIAM data. Two-wheeler sales were
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