Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/small-savings-what-triggered-the-rate-reversal/articleshow/81866744.cmsSynopsis The government on Thursday reversed interest rate cuts across a host of small savings schemes announced a day earlier. Small savings scheme rates
Category: RBI–Banks
PSU banks go slow on asset sales, await privatisation list – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/psu-banks-go-slow-on-asset-sales-await-privatisation-list/articleshow/81882569.cmsSynopsis Public sector banks that were not part of the consolidation process are going slow on their plans to monetise assets as part of
You can now withdraw cash from ATMs without using your card; here’s how–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/you-can-now-withdraw-cash-from-atms-without-using-your-card-heres-how/story/435580.html Using the facility, customers can withdraw cash using their mobile with any UPI enabled app such as BHIM, Paytm, GPay, among others, and
MFIs revival: Major risks, gaps facing microfinance in India–business today
Clipped from: https://www.businesstoday.in/opinion/columns/mfis-revival-major-risks-gaps-facing-microfinance-in-india/story/435512.html RBI should take cognisance of the situation and work together with sector representatives and government to eliminate the flaws and make the microfinance
Prudence prevails: on speculation about inflation – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/prudence-prevails-on-speculation-about-inflation/article34226375.ece That inflation is a concern for policymakers is reassuring for consumers and savers The Finance Ministry has put to rest all speculation about
MFIs revival: Major risks, gaps facing microfinance in India–BUSINESS TODAY
Clipped from: https://www.businesstoday.in/opinion/columns/mfis-revival-major-risks-gaps-facing-microfinance-in-india/story/435512.html RBI should take cognisance of the situation and work together with sector representatives and government to eliminate the flaws and make the microfinance
Like telcos, banks may soon pester customers daily to pay up via messages | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/like-telcos-banks-may-soon-pester-customers-daily-to-pay-up-via-messages-121040201086_1.html Working on an RBI mandate to automate its NPA alert system real-time, instead of manually gauging NPA status at the end of the
Hope to grow our loan book by 35-40% over next 3-4 years: Rajeev Yadav, MD & CEO, Fintech Small Finance Bank – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/hope-to-grow-our-loan-book-by-35-40-over-next-3-4-years-rajeev-yadav-md-ceo-fintech-small-finance-bank/2225852/ The regulator has various rules for different products. Right now, our capital adequacy is of the order of 27-28% (of which nearly 95%
Cash Reserve Ratio: Should the CRR be retained? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/cash-reserve-ratio-should-the-crr-be-retained/2225819/ It can be argued that the CRR should remain, and RBI has been fair to banks as the cost of the CRR is
Govt’s borrowing plan to mount pressure on G-Sec yields in H1 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/govts-borrowing-plan-to-mount-pressure-on-g-sec-yields-in-h1/article34225706.ece?homepage=true The Indian government is planning to raise a whopping Rs 7.24 lakh crore in the first half of this year Government Security yields
Jana Small Finance Bank files DRHP to raise Rs 700 crore via fresh share issue – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/jana-small-finance-bank-files-drhp-to-raise-rs-700-crore-via-fresh-share-issue/2225230/ Its capital adequacy ratio stood at 19.3%, with the tier-I ratio at 13.1%, in FY20. The bank’s net interest margin (NIM) stood at
Paytm 30% larger than nearest competition in digital payments, says company’s VP Narendra Yadav – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/paytm-30-larger-than-nearest-competition-in-digital-payments-says-companys-vp-narendra-yadav/2224957/ Out of 3,584.13 million digital financial transactions carried out in February according to the data released by NPCI, Paytm claims to have carried
Volatility not for us, ours is a model of steady growth: TT Srinivasaraghavan, former MD, Sundaram Finance – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/volatility-not-for-us-ours-is-a-model-of-steady-growth-tt-srinivasaraghavan-former-md-sundaram-finance/2225254/ There is aversion to lending to NBFCs every time there is a problem in the financial market, though, if you look at the
Credit ratio rebounds to 1.33 as demand recovery takes root: Crisil – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/credit-ratio-rebounds-to-133-as-demand-recovery-takes-root-crisil/article34217469.ece Rating upgrades outpaced downgrades Starting the fiscal year 2021-22 on a cautiously optimistic note, two rating agencies on Thursday said the credit quality
Shades of status quo | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/shades-of-status-quo-121040101750_1.html Reversal of interest rate cut should have been avoided The Union government did well to retain the inflation target under the flexible inflation targeting framework. Consequently, the Reserve
NCLAT removes stay on Reserve Bank of India action against Srei group | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclat-lifts-restriction-on-any-rbi-action-against-srei-121040101512_1.html NCLT had passed an order preventing regulatory authorities from taking any coercive steps against the company The RBI had argued that the tribunal
Jana SFB files DRHP – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/jana-sfb-files-drhp/article34213584.ece Looking to raise ₹700 crore through a fresh issue of shares, offer-for-sale Jana Small Finance Bank has filed its draft red herring prospectus
The new DFI must look beyond financing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-new-dfi-must-look-beyond-financing/article34217199.ece The proposed development finance institution must find ways to bring private sector back into infrastructure A brand new DFI, the National Bank for
Don’t take us for granted: Small savings interest rate formula needs to be reworked to help savers–the times of india
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/dont-take-us-for-granted-small-savings-interest-rate-formula-needs-to-be-reworked-to-help-savers/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Moneyboxx Finance raises Rs 25 crore from NBFCs, small finance banks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/moneyboxx-finance-raises-rs-25-crore-from-nbfcs-small-finance-banks/articleshow/81684219.cmsSynopsis MBFL plans to utilize the proceeds to support its disbursement target in the current and upcoming financial year. NEW DELHI:Moneyboxx FinanceLtd (MBFL) has
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