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
Category: RBI–Banks
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
SBI collected Rs 300 crore from zero-balance accounts for certain services in 5 years, reveals study – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-collects-rs-300-cr-from-zero-balance-accounts-for-certain-services-in-5-yr-study/articleshow/82017181.cmsSynopsis The study observed that the SBI’s decision to levy a charge of Rs 17.70 for every debit transaction beyond four by the BSBDA
With interoperability of Pre-Paid Instruments, limit hike, your mobile wallet would function as a bank – The Financial Express
Clipped from: https://www.financialexpress.com/money/with-interoperability-of-pre-paid-instruments-limit-hike-your-mobile-wallet-would-function-as-a-bank/2230248/ Soon you may not even need your bank’s mobile banking app or net banking account to transfer money and to do many other
SCAMMED! What are the warning signs and how to stay clear of online scams – The Financial Express
Clipped from: https://www.financialexpress.com/money/scammed-what-are-the-warning-signs-and-how-to-stay-clear-of-online-scams/2230291/ In a bid to avail the best deals and discounts, consumers often unknowingly expose themselves to risks by venturing on malicious websites, where
Bankers, realtors hail RBI’s move to maintain accommodative policy stance – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/bankers-realtors-hail-rbis-move-to-maintain-accommodative-policy-stance/articleshow/81983298.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “The RBI’s accommodative stance to keep the key rates unchanged will be instrumental to achieve sustainable growth of the economy and can be
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
6 start-ups join unicorn club this week; 150 likely by 2025, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/6-start-ups-join-unicorn-club-this-week-150-likely-by-2025-say-experts-121041000075_1.html The pandemic is expected to accelerate big-ticket venture capital, private equity as well as consolidation related deals in unicorns and soonicorns in the
TDS on cumulative FDs: Your money loss is more than the tax deducted – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/tds-on-cumulative-fds-your-money-loss-is-more-than-the-tax-deducted/articleshow/81926103.cmsSynopsis If TDS is deducted from the interest earned on a cumulative FD in a given financial year, the FD not only loses the
Policies that increase competition between banks can improve the lending standards of PSBs–THE ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-policies-that-increase-competition-between-banks-can-improve-the-lending-standards-of-psbs/articleshow/81955959.cms Synopsis–IF PSBs can reduce bad loans, and offer better deals to their good clients out of fear of losing them to the private
Picking the right banks for privatisation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/picking-the-right-banks-for-privatisation/article34284228.ece Market cap, PE ratio and capital adequacy are some factors that can be used to zero in on sell-off candidates As part of
PhonePe, Google Pay continue to be top UPI choices – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/phonepe-google-pay-continue-to-be-top-upi-choices/article34271404.ece Data released by the National Payments Corporation of India revealed that PhonePe continued to lead the UPI payments space in March PhonePe and
Indian Bank’s online training in local dialects, a boon to MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/indian-banks-online-training-in-local-dialects-a-boon-to-msmes/article34274091.ece MSME Prerana will provide training in financial statement analysis, filing of returns to handle business efficiently Rarely do we see a public sector
Busting the myth of rupee over-valuation – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/busting-the-myth-of-rupee-over-valuation/article34273763.ece The Real Effective Exchange Rate of the rupee in the new series is no longer at odds with the reality One of the
Timing the policy rate cycle – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/timing-the-policy-rate-cycle/article34273834.ece The RBI’s move to normalise rates will hinge on inflation, growth and the global monetary policy cycle The Monetary Policy Committee was expected
E-wallets are similar to bank accounts, but more convenient: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/e-wallets-are-similar-to-bank-accounts-but-more-convenient-experts-121040900055_1.html Will help those who can’t ensure minimum balance Four key announcements made in the April 7 monetary policy are likely to enhance the
Payments banks can now hold max balance of Rs 2 lakh per customer | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/payments-banks-can-now-hold-max-balance-of-rs-2-lakh-per-customer-121040801491_1.html The RBI has doubled the limit of maximum balance that an individual customer can hold with payments banks to Rs 2 lakh from
Hike in deposit limit: Payment banks likely to attract bigger clients | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/hike-in-deposit-limit-payment-banks-likely-to-attract-bigger-clients-121040900057_1.html Industry sources said banks had made a case for increasing the limit to Rs 5 lakh in line with the hike in deposit
Privatisation of two public sector banks on meeting agenda next week | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/privatisation-of-two-public-sector-banks-on-meeting-agenda-next-week-121040900077_1.html Four to five PSBs have been suggested by the Niti Aayog and they will be discussed in the meeting, sources said Apart from
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