Clipped from: https://www.business-standard.com/article/finance/rupee-falls-below-75-to-dollar-on-massive-equity-sell-off-rbi-intervenes-121041201044_1.html Indian unit was again the worst performer in the region, shedding 0.42% to the dollar. But most other Asian currencies lost too The
Category: RBI–Banks
India to see ‘k-shaped’ recovery as inequalities grow: ex-RBI governor | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-to-see-k-shaped-recovery-as-inequalities-grow-ex-rbi-governor-121041200466_1.html Duvvuri Subbarao says policymakers have limited to help the economy as India battles a second wave of Covid-19 cases. Former RBI governor D
Paytm Payments Bank registers over 970 million transactions in March 2021 | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/paytm-payments-bank-registers-over-970-million-transactions-in-march-2021-121041300049_1.html PPBL is also averaging 1 million savings and current accounts a month, and with over 64 million accounts Paytm Wallet has 325 million
Why G-SAP 1.0 is a bold move by RBI – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/why-g-sap-1-0-is-a-bold-move-by-rbi/2231796/ The government, with its massive borrowing programme, can breathe a sigh of relief as long-term borrowing costs come down In RBI’s language, the
How to maintain optimum credit score – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/how-to-maintain-optimum-credit-score/articleshow/82003312.cmsSynopsis Though there are different credit cards offered, one should pick that suits the requirements. Instead of opting for multiple cards, one must choose
Gold price correction to hit banks more than NBFCs: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/fall-in-gold-prices-may-not-significantly-impact-nbfcs-asset-quality-report/articleshow/82032154.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis However, banks that were aggressively disbursing gold loans during the last fiscal may see some impact on their asset quality, Crisil Ratings said
How the RBI intervened to arrest rupee’s fall – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/how-the-rbi-intervened-to-arrest-rupees-fall/articleshow/82035521.cms SynopsisThe central bank, according to market sources, net sold an estimated $600 million in the exchange traded futures market to arrest the rupee’s
Earn higher interest on FD for getting vaccinated – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/earn-higher-interest-on-fd-for-getting-vaccinated/articleshow/82036438.cmsSynopsis Public sector bank Central Bank of India is offering 25 basis points (one bps is 0.01 %) extra over card rates for citizens
Archeron group to offer banking services powered by algorithms and quantum technology – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-tech/archeron-group-to-offer-banking-services-powered-by-algorithms-and-quantum-technology/article34296120.ece Bengaluru-based Archeron group plans to open five banks that are run entirely by AI and quantum technologies–CLICK TO READ FURTHER
Moral hazards of RBI’s balance sheet approach – The Hindu BusinessLine
Moral hazards of RBI’s balance sheet approach – The Hindu BusinessLine https://www.thehindubusinessline.com/opinion/moral-hazards-of-rbis-balance-sheet-approach/article34295981.eceMonetary Policy with short-term, narrow goals can destroy credibility in the long run—CLICK TO
Tough game – The Hindu BusinessLine
Tough game – The Hindu BusinessLine https://www.thehindubusinessline.com/opinion/editorial/in-its-effort-to-manage-the-yield-curve-the-rbi-must-not-get-entangled-into-a-qe-trap/article34296005.eceIn its effort to manage the yield curve, the RBI must not get entangled into a QE trap—-CLICK TO
Jan Dhan accounts see unusual surge in total balance in March – The Hindu BusinessLine
Jan Dhan accounts see unusual surge in total balance in March – The Hindu BusinessLine https://www.thehindubusinessline.com/money-and-banking/jan-dhan-accounts-see-unusual-surge-in-total-balance-in-march/article34296858.ece?homepage=true Defying the normal pattern, total balance in the basic
Your Money: What EBITDA and EBIT tell about a firm’s performance – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-what-ebitda-ebit-tell-about-a-firms-performance/2230260/ We need to know the application of EBITDA & EBIT to arrive at a correct valuation of firms The operating revenue for TL
State Bank of India’s latest target: Rs 4-trn SME loan book by March 2024 | Business Standard News
State Bank of India’s latest target: Rs 4-trn SME loan book by March 2024 | Business Standard News https://www.business-standard.com/article/economy-policy/state-bank-of-india-s-latest-target-rs-4-trn-sme-loan-book-by-march-2024-121041100882_1.htmlIt has become easier to do business,
April monetary policy a fine balancing act | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/april-monetary-policy-a-fine-balancing-act-121041100863_1.html Structurally, it’s a well-crafted policy. But like in cricket and politics, things can change dramatically for a central bank in a very short
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
5 ways credit cards can improve your financial health – The Financial Express
Clipped from: https://www.financialexpress.com/money/5-ways-credit-cards-can-improve-your-financial-health/2230863/ When used in a disciplined manner, credit cards can be an excellent tool for managing finances, saving money and building a strong credit
ECLGS: Extension of MSME refinancing scheme might add to banks’ exposure to stressed accounts, says Fitch – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-eclgs-extension-of-msme-refinancing-scheme-might-add-to-banks-exposure-to-stressed-accounts-says-fitch/2230966/ Credit and Finance for MSMEs: Under ECLGS, banks and non-banking financial companies (NBFCs) had already sanctioned 82 per cent or Rs 2.46 lakh
India should tap global cryptocurrencies to fund SMEs, help grow business: iSPIRT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/india-should-tap-global-cryptocurrencies-to-fund-smes-help-grow-business-ispirt/articleshow/82009378.cmsSynopsis This can be done by allowing validated investors through Indian and global exchanges, which will help bridge the SME financing gap of as
Banks slowly warming up to NBFC lending – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banks-slowly-warming-up-to-nbfc-lending/articleshow/82018173.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The commercial papers (CPs) and corporate debt (CDs) deployed together in NBFCs stood at similar levels witnessed in February 2020. Bank credit to non
aniltikotekar4sme.com 