Clipped from: https://economictimes.indiatimes.com/news/economy/policy/customer-privacy-data-protection-non-negotiable-says-rbi-deputy-governor/articleshow/82106903.cmsSynopsis Open banking refers to sharing and leveraging of customer-permissioned data by banks with third party developers and firms to build applications and services,
Category: RBI–Banks
The Fintech solution to small business credit woes – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/the-fintech-solution-to-small-business-credit-woes/articleshow/82060884.cmsSynopsis The Economic Times Digital Payments Forum presented by Mastercard is conducting an exclusive session for senior managers and decision-makers from the Fintech, Finance,
UPI to block all gaming transactions under Rs 50 – MOBILE GAMES: The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/upi-to-block-all-gaming-transactions-under-rs-50/articleshow/82104234.cmsSynopsis NPCI’s move is aimed at moderating volumes on UPI, which has been plagued by banking outages and technical declines of late. Dealing a
Bond markets ignore RBI’s G-Sap largesse on rising inflation; yields soar | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/bond-markets-ignore-rbi-s-g-sap-largesse-on-rising-inflation-yields-soar-121041501126_1.html Doubts cast about G-Sap effectiveness at a the time when the Covid-19 surge is threatening to halt economic revival in the country The
Rise of risk capital | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rise-of-risk-capital-121041501474_1.html Private funding is bridging a crucial gap India’s unicorn club is expanding rapidly, with 10 start-ups crossing the $1-billion valuation mark in just four months
Changing nominee in NPS account? Here are the new nomination rules you should be aware of – The Financial Express
Clipped from: https://www.financialexpress.com/money/changing-nominee-in-nps-account-here-are-the-new-nomination-rules-you-should-be-aware-of/2233760/ A fresh nomination will have to be made by the subscriber on his/her marriage. Any nomination made before such marriage will be deemed
Personal hearing before NPA tag: RBI, lenders move SC – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/personal-hearing-before-npa-tag-rbi-lenders-move-sc/2233953/ A bench led by Justice R F Nariman refused to stay the entire HC judgment, but stayed a part which dealt with granting
Private credit is ‘solution capital’ – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/private-credit-is-solution-capital/2234010/ The main attractiveness of private credit, or direct lending to middle-market asset class, lies in its ability to be customised according to a
ETtech Scoop: Swiggy set to raise $450 million from SoftBank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/swiggy-close-to-raising-450-million-from-softbank-vision-fund-at-5-billion-valuation/articleshow/82082536.cmsSynopsis The SoftBank deal is likely to peg Swiggy’s valuation at $5 billion—pre-money or pre-investment—and is an extension of the $800 million funding round
A bank in the wallet? RBI has just taken Indian banking to next stage – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/a-bank-in-the-wallet-rbi-has-just-taken-indian-banking-to-next-stage/articleshow/82062459.cmsSynopsis Over the last decade, the digital wallet payment system has not only captured a significant market share but also completely revolutionised the payment
Inflation and lockdown worries weigh on G-secs; yields rise 10 bps – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/bonds/inflation-and-lockdown-worries-weigh-on-g-secs-yields-rise-10-bps/articleshow/82088660.cmsSynopsis The move came on a day when the Reserve Bank of India conducted its first government securities acquisition programme (G-SAP), a mechanism to
Piramal Enterprises Ltd.: Piramal aims to have 10-20 fintech partnerships in next one year – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/piramal-aims-to-have-10-20-fintech-partnerships-in-next-one-year/articleshow/82087669.cmsSynopsis The company which is in the process of acquiring Dewan Housing Finance has already inducted two technology platforms into its system that allow
PhonePe is planning to enter the stockbroking business – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/phonepe-is-planning-to-enter-the-stockbroking-business/articleshow/82076116.cmsSynopsis PhonePe is is awaiting a stockbroking licence from SEBI to join fintech peers Zerodha, Upstox and Paytm in the battle for market share
cryptocurrency: Cryptos put India’s richie rich in a catch-22 situation, legality of transaction may be questioned – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/cryptos-put-indias-richie-rich-in-a-catch-22-situation-legality-of-transaction-may-be-questioned/articleshow/82076589.cmsSynopsis Others have purchased cryptos online from foreign sellers using their debit and credit cards. But there are question marks whether the LRS route
What’s behind G-SAP 1.0 – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/columns/the-cheat-sheet/whats-behind-g-sap-10/article34319824.ece With the new Government Securities Acquisition Programme, the RBI has announced an advance calendar for purchasing G-secs. It hopes that with this purchase,
A bank in the wallet? RBI has just taken Indian banking to next stage – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/a-bank-in-the-wallet-rbi-has-just-taken-indian-banking-to-next-stage/articleshow/82062459.cmsSynopsis Over the last decade, the digital wallet payment system has not only captured a significant market share but also completely revolutionised the payment
Will govt business recharge private banks? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/will-govt-business-recharge-private-banks/article34312544.ece The move will push privatisation of Indian banking and boost ease of doing business Two recent pronouncements, one by the Prime Minister in
Fintech boost – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/wallets-payment-banks-have-been-unshackled-but-they-must-ensure-data-security/article34312546.ece Wallets, payment banks have been unshackled but they must ensure data security At the recently concluded Monetary Policy Committee meeting, the Reserve Bank
G-SAP 1.0: Has RBI embarked on the path of quantitative easing? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/g-sap-10-has-rbi-embarked-on-the-path-of-quantitative-easing/article34311345.ece?homepage=true While it is similar to QE of advanced economies, the central bank’s programme is short-term in nature, restricted to G-secs and is not
Fall in gold prices to trigger demand for more collateral – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/fall-in-gold-prices-to-trigger-demand-for-more-collateral/article34304915.ece?homepage=true Gold loan customers forced to reset or renew their loans at the new LTV Shrikant Jadhav, promoter of a small manufacturing units at
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