Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-udyam-registration-26-lakh-msme-registrations-so-far-on-modi-govts-new-portal-not-exciting-say-experts/2236733/ Ease of Doing Business for MSMEs: To improve the ease of doing business for MSMEs, the government had launched the Udyam Registration portal
Category: RBI–Banks
ECLGS: How Modi govt’s Rs 3-lakh-crore credit scheme put Covid-hit MSMEs back on recovery track – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-eclgs-how-modi-govts-rs-3-lakh-crore-credit-scheme-put-covid-hit-msmes-back-on-recovery-track/2237449/ Credit and Finance for MSMEs: In March 2021, the government had announced ECLGS 3.0 to cover enterprises in hospitality, travel & tourism, leisure
RBI set up 6-member panel to review working of ARCs – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-set-up-6-member-panel-to-review-working-of-arcs/article34359680.ece The Reserve Bank of India (RBI) has set up a six-member committee to undertake a comprehensive review of the working of Asset Reconstruction
Rising cases of Covid to hit securitisation volume in near term: Crisil – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rising-cases-of-covid-to-hit-securitisation-volume-in-near-term-crisil/article34358044.ece Though securitisations surged in Q4 FY21, they are still below pre-Covid levels. Securitisation volume closed below the psychological ₹1-lakh-crore mark last fiscal (FY21
Managing suppressed G-Sec yields – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/managing-suppressed-g-sec-yields/2235727/ RBI must juggle its multiple hats well to manage positive and negative pay-offs dexterously This is a good time for RBI to relook
Loan against property: Five mistakes to avoid – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/loan-against-property-five-mistakes-to-avoid/2236300/ Factor in processing charges and disbursal time when applying for a loan against property. And go for a floating interest rate Opt for
Battered by Covid curbs, MSMEs seek definite assurance from Govt – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/battered-by-covid-curbs-msmes-seek-definite-assurance-from-govt/articleshow/82140099.cmsSynopsis Unlike last year, the government says this time it aims to adopt a strategy of creating small containment zones to control the spread
Why use muscle? Big data can collect debt without harassment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-why-use-muscle-big-data-can-collect-debt-without-harassment/articleshow/82137014.cmsSynopsis By training the algorithms to mine the data, the big data analytics can now predict which customers will most likely resume paying after
India should look at rural economy as source of production: Zoho’s Sridhar Vembu – The Economic Times–*****
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/india-should-look-at-rural-economy-as-source-of-production-zohos-sridhar-vembu/articleshow/82130561.cmsSynopsis India needs to look at the rural economy as a source of production and wealth creation rather than just a source of demand
NBFCs seek extension of MSME restructuring scheme till March 2022 – The Economic Times–*****
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/nbfcs-seek-extension-of-msme-restructuring-scheme-till-march-2022/articleshow/82128505.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In a recent letter written to RBI Governor Shaktikanta Das, FIDC, an industry body of NBFCs, said due to the severe second wave
How to secure your banking transactions from cyber frauds – The Financial Express–*****
Clipped from: https://www.financialexpress.com/money/how-to-secure-your-banking-transactions-from-cyber-frauds/2235437/ The growing volume of online transactions and the absence of stringent cybersecurity systems give fraudsters the space to commit malicious acts. The Indian
Your Money: What profit before and after tax tells about a firm – The Financial Express
lipped from: https://www.financialexpress.com/money/your-money-what-profit-before-and-after-tax-tells-about-a-firm/2234683/ PBT & PAT are the line items of interest for equity investors to assess the attractiveness of the stocks Total revenue is the
Managing suppressed G-Sec yields – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/managing-suppressed-g-sec-yields/2235727/ RBI must juggle its multiple hats well to manage positive and negative pay-offs dexterously This is a good time for RBI to relook
A hale and hearty banking sector but… | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-hale-and-hearty-banking-sector-but-121041800839_1.html More than banks, most of which have the balance sheet strength to stomach bad loans, it is the borrowers who will suffer once
Registered 5million merchants via Amazon Pay, focussed on helping SMBs embrace e-payments: Amazon – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/registered-5million-merchants-via-amazon-pay-focussed-on-helping-smbs-embrace-e-payments-amazon/2235144/ Of the over 50 lakh SMBs who use Amazon Pay, more than 25 lakh operate retail and shopping outlets such as kirana stores.
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,
How are India’s banks gearing up as digital goes mainstream? – TECH-BANKING: The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/tech-banking-how-are-indias-banks-gearing-up-as-digital-goes-mainstream/articleshow/82120730.cms Synopsis–Banking transactions have grown exponentially over the past few years. Earlier, one transaction amounted to withdrawing Rs 30,000 in cash from an ATM.
Privatisation push: Centre considers bringing PSBs under Companies Act | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/privatisation-push-centre-considers-bringing-psbs-under-companies-act-121041700027_1.html Changes are likely to be introduced in the Monsoon Session In the Union Budget 2021-22, Finance Minister Nirmala Sitharaman announced privatisation of two
Government asks public sector banks to adopt non-coercive strategy for education loans recovery – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/government-asks-public-sector-banks-to-adopt-non-coercive-strategy-for-education-loans-recovery/articleshow/82111511.cms Synopsis–The non-performing asset (NPA) level in education loans had increased to 9.55% by December 2020, up from 7.61% in March the same year.
Banks go slow on ATMs as digital transactions gain pace – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-go-slow-on-atms-as-digital-transactions-gain-pace/articleshow/82111366.cms Synopsis–Public sector banks have shuttered nearly 5,000 automated teller machines in one year alone. However, private sector banks, small finance banks, payment banks
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