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
Category: RBI–Banks
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
NBFCs to face fresh challenges due to Covid surge: Analysts – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/nbfcs-to-face-fresh-challenges-due-to-covid-surge-analysts/2229634/ Icra Ratings said that due to the Covid-19 pandemic and resultant nationwide lockdowns, securitisation volumes had seen an unprecedented fall in H1FY21 after
Amazon India’s MSME sellers so far: 2.5M cumulatively digitised, $3B worth exports, 1M jobs created – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-amazon-indias-msme-sellers-so-far-2-5m-cumulatively-digitised-3b-worth-exports-1m-jobs-created/2229542/ Ease of Doing Business for MSMEs: Amazon had announced plans in January last year to invest $1 billion for digitizing 10 million Indian
MSME lender U GRO Capital eyes Rs 20,000 crore AUM by 2025 to address small business credit gap – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-msme-lender-u-gro-capital-eyes-rs-20000-crore-aum-by-2025-to-address-small-business-credit-gap/2229350/ Credit and Finance for MSMEs: U GRO is looking to acquire a 1 per cent market share of the SME lending market by
DC Edit | Nurture is the best policy, but watch out for inflation
Clipped from: https://www.deccanchronicle.com/opinion/dc-comment/070421/dc-edit-nurture-is-the-best-policy-but-watch-out-for-inflation.html An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in
MPC: Steady opening for 2nd innings – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/mpc-steady-opening-for-2nd-innings-ep/article34265674.ece?homepage=true RBI may need a much larger G-sec buying programme to meet the objectives of government’s borrowing plan In its first meeting of 2021-22,
RBI’s tightrope walk – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/in-balancing-growth-and-inflation-concerns-the-mpc-might-soon-run-out-of-options/article34265630.ece In balancing growth and inflation concerns, the MPC might soon run out of options India’s monetary policy authorities are faced with an unenviable
India’s very own Quantitative Easing – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/indias-very-own-quantitative-easing/2228860/ RBI has done well to commit its balance sheet to further monetary policy, but the risk is one worth taking As bond market
RBI Monetary Policy’s 10 key takeaways: Repo rate, liquidity, TLTRO, growth, inflation, more – The Financial Express
Clipped from: https://www.financialexpress.com/economy/rbi-monetary-policys-10-key-takeaways-repo-rate-liquidity-tltro-growth-inflation-more/2228735/ The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 per cent, as was expected. The
RBI to buy bonds in India’s version of QE – The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-dues-dont-attach-assets-at-the-drop-of-a-hat-sc-to-taxman/2228875/ Justice Chandrachud further asked officers to strike a balance between protecting government revenue and allowing genuine businesses to operate. “In order to make
India’s very own Quantitative Easing – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/indias-very-own-quantitative-easing/2228860/ RBI has done well to commit its balance sheet to further monetary policy, but the risk is one worth taking As bond market
In six years, ₹14.96 lakh crore sanctioned under PM Mudra scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/in-six-years-1496-lakh-crore-sanctioned-under-pm-mudra-scheme/article34263064.ece Under the scheme, collateral-free loans up to ₹10 lakh provided for income-generating activities in manufacturing, trading, and agriculture. In the six years since
Decoding RBI’s new digital payments moves and their impact on fintech ecosystem – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/decoding-rbis-new-digital-payments-moves-and-their-impact-on-fintech-ecosystem/articleshow/81950089.cmsSynopsis The central bank governor Shaktikanta Das in his Monetary Policy Committee (MPC) address said that fintech companies such as prepaid instrument issuers (PPIs),
Inside RBI’s new plan to fight Covid’s second charge – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/inside-rbis-new-plan-to-fight-covids-second-charge/articleshow/81945324.cmsSynopsis At today’s policy meet, the RBI held the repo rate, its key lending rate, at 4% and kept the reverse repo rate, the
RBI Policy: How the key changes will make digital payment, money transfer easier – The Financial Express
Clipped from: https://www.financialexpress.com/money/rbi-policy-how-the-key-changes-will-make-digital-payment-money-transfer-easier/2228806/ To transfer money through National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS), you may not visit your bank branch or login
RBI inflation forecasting: RBI amends India’s criticized inflation-forecasting model – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/rbi-amends-indias-criticized-inflation-forecasting-model/articleshow/81956099.cmsSynopsis Dubbed as the Quarterly Projection Model 2.0, the RBI’s economists describe the framework as a forward-looking, open economy, calibrated, new-Keynesian gap model. The
RBI status quo on policy supportive of economic growth; liquidity measures in right direction: Experts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-status-quo-on-policy-supportive-of-economic-growth-liquidity-measures-in-right-direction-experts/articleshow/81953118.cmsSynopsis The six-member Monetary Policy Committee (MPC) unanimously decided to continue with the accommodative stance as long as necessary to sustain growth on a
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