Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-small-business-lender-lendingkart-raises-new-debt-funding-to-disburse-loans-to-5000-msmes-via-nbfc-arm/2227855/ Credit and Finance for MSMEs: Lendingkart, which has disbursed over 1 lakh loans to more than 91,000 MSMEs so far through its NBFC
Category: RBI–Banks
Pre-pack problems | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/pre-pack-problems-121040501240_1.html MSME Ordinance violates basic principle of IBC The government has decided that a “pre-packaged” resolution process for micro, small, and medium enterprises (MSMEs)
Should interest rates of small savings schemes be cut? Experts are divided on the matter – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/should-interest-rates-of-small-savings-schemes-be-cut-experts-are-divided-on-the-matter/articleshow/81885920.cms SynopsisExperts are divided on whether rate cuts are necessary or not. The government slashed small savings interest rates on 31 March, only to
Latest round of Covid restrictions has lenders fretting over rising defaults – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/latest-round-of-covid-restrictions-has-lenders-fretting-over-rising-defaults/articleshow/81916226.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Yesterday, Maharashtra, which has seen a resurgence of infections, announced a weekend lockdown starting 8 pm of Fridays to 7 am on Mondays
RBI’s multiple challenges | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-multiple-challenges-121040501244_1.html Attaining different objectives could become more difficult The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is meeting this week for the first time
IndusInd Bank: With the balance sheet stabilising, focus shifts to growth | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/indusind-bank-with-the-balance-sheet-stabilizing-focus-shifts-to-growth-121040400807_1.html Street’s apprehension on asset quality and ability to regain footing on deposits has been arrested Provisions as a proportion of total loans stood
Real returns from FDs remain in the red: Savers reliant on bank deposits continue to lose – The Financial Express
Clipped from: https://www.financialexpress.com/money/real-returns-from-fds-remain-in-the-red-savers-reliant-on-bank-deposits-continue-to-lose/2226806/ The government may have reversed its decision to lower rates of small savings schemes, but savers who rely on bank deposits continue to
Insolvency scheme: Govt, regulator finalising pre-pack framework, MSME scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/insolvency-scheme-govt-regulator-finalising-pre-pack-framework-msme-scheme/2226793/ The government and the regulator are in the process of finalising a so-called pre-pack insolvency scheme, while a special framework for micro, small
bad loans: RBI may set up task force soon: Rules for ARCs likely to be reviewed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rules-for-arcs-likely-to-be-reviewed/articleshow/81904479.cmsSynopsis The move could involve examining proposals like weaving the role of ARCs in the insolvency and bankruptcy code, letting them join hands with
IndusInd Bank: With the balance sheet stabilising, focus shifts to growth | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/indusind-bank-with-the-balance-sheet-stabilizing-focus-shifts-to-growth-121040400807_1.html Street’s apprehension on asset quality and ability to regain footing on deposits has been arrested Provisions as a proportion of total loans stood
PSBs may have to bear burden of Rs 2,000 cr following SC judgement on interest waiver–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/psbs-may-have-to-bear-burden-of-rs-2000-cr-following-sc-judgement-on-interest-waiver/story/435681.html The judgement covers loans above Rs 2 crore as loans below this got blanket interest on interest waiver in November last year. Compound
50% of SBI Card transaction from online payments, says CEO–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/50-percent-of-sbi-card-transaction-from-online-payments-says-ceo/story/435684.html Particularly within SBI Card, now, more than 53 per cent of the spends actually come from online payments which used to be around
Banks sanctions Rs 25,586 cr to 1.14 lakh Stand-Up India accounts in 5 years – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-sanctions-rs-25586-cr-to-1-14-lakh-stand-up-india-accounts-in-5-years/articleshow/81900372.cmsSynopsis Under the scheme, bank loans between Rs 10 lakh and Rs 1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe
UPI, IMPS bank transfer failed? When you will get refund, what to do if you don’t – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/save/failed-bank-transfer-via-upi-imps-when-you-will-you-get-your-money-back-what-to-do-if-dont-get-refund-on-time/articleshow/81882779.cmsSynopsis On April 1, 2021, many customers faced issued related to the transfer of money via NEFT, IMPS and UPI. As per replies by
SC order on NPA reclassification: Key metrics bank depositors should track now – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/key-metrics-bank-depositors-should-track-now/article34231784.ece Banks will revert to old NPA reporting format, which may impact their financials Not only did the pandemic raise the business risks of
The forgotten case for bank nationalisation | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/the-forgotten-case-for-bank-nationalisation-121040201118_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Newsletter_11072018 In the recent clamour for their re-privatisation, we seem to have forgotten the rationale for bank nationalisation and the crucial role public sector
The Central government may not be able to bite the small saving interest bullet for long – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/view-the-central-government-may-not-be-able-to-bite-the-small-saving-interest-bullet-for-long/articleshow/81876461.cmsSynopsis Come the end of the first quarter, when the hurly burly of the state elections are done, there could be another attempt at
small savings: Small savings: What triggered the rate reversal – The Economic Times
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
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
aniltikotekar4sme.com 