Clipped from: https://www.business-standard.com/india-news/ombudsman-disposed-of-95-of-complaints-received-in-fy24-says-rbi-125012401605_1.html Complaints against banks and NBFCs represented 82.28 per cent and 14.53 per cent of the total complaints, respectively. Loans, advances formed the largest
Category: RBI–Banks
*Punjab & Sind Bank to launch cash-flow based digital MSME loan offering by month-end – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/punjab-sind-bank-to-launch-cash-flow-based-digital-msme-loan-offering-by-month-end/article69105363.ece With a game-changing new ₹25 lakh MSME loan product, and expanded digital offerings, PSB aims to strengthen its digital-friendly image, says MD&CEO Swarup
*Interest coverage ratio of unlisted cos at 30-year high, shows data
Clipped from: https://www.business-standard.com/companies/news/interest-coverage-ratio-of-unlisted-cos-at-30-year-high-shows-data-125010901165_1.html Uptick in FY24 mirrors similar trend in the listed space. The second of a 3-part series on unlisted firms’ financials looks at their
*Recovery agents are in demand as banks’ unsecured loan stress rises | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/recovery-agents-are-in-demand-as-banks-unsecured-loan-stress-rises-125010901107_1.html In July 2024, the total strength of outsourced staff in the BFSI (banking, financial services, and insurance) space was 77,000, out of which
***RBI releases master direction on reporting of customers credit information | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/rbi-releases-master-direction-on-reporting-of-customers-credit-information-125010600809_1.html As per the master direction, credit information companies (CICs) will have to send alerts through SMS/ email to customers when their Credit Information
*RBI added 8 tonnes gold to its reserves in November 2024: WGC report | Commodities – Business Standard
Clipped from: https://www.business-standard.com/markets/commodities/rbi-added-8-tonnes-gold-to-its-reserves-in-november-2024-wgc-report-125010600894_1.html In 2024, central banks – mostly those from emerging markets – remained keen buyers of gold, driven by the need for a stable
Bank credit to MSMEs 15% of non-food credit: RBI data – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-bank-credit-to-msmes-15-of-non-food-credit-rbi-data-3706691/ Credit deployed to MSMEs in November was 15.5 per cent of Rs 170 lakh crore in non-food credit of scheduled commercial banks. Within
***Preparing for Trump 2.0 – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/preparing-for-trump-2-0/3706947/ India needs a proper strategy to respond to the US President-elect’s threats on tariffs. India must ensure that it does not miss out
आवश्यक *******Cutting policy rate, CRR: How much impact do they have? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/cutting-policy-rate-crr-how-much-impact-do-they-have/article69058497.ece Impact of long term or short term interest rates on various segments of investment is not fully understood The monetary policy decision announced
*****Rupee worries – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rupee-worries/article69057945.ece RBI should review strategy on containing rupee volatility The rupee has been creating headlines in recent weeks, recording lifetime lows every other day.
*****Orderly rupee depreciation should be allowed | Editorial Comment – Business Standard
Clipped from: https://www.business-standard.com/opinion/editorial/a-flexible-approach-orderly-rupee-depreciation-should-be-allowed-125010201033_1.html The rupee has a lot of catching up to do because its slide has been postponed when compared to its peer currencies and
***Banking credit growth to remain subdued around 10% for FY26: ICRA | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/banking-credit-growth-to-remain-subdued-around-10-for-fy26-icra-125010200935_1.html The capital ratios of several banks remain comfortable, and no major growth-related capital requirement is expected for FY26, it said The implementation of
Why inflation will matter more in 2025: Explained – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/why-inflation-will-matter-more-in-2025-explained/article69036952.ece What have the Q2 of 2024-25 GDP numbers revealed? How are soaring food prices impacting the situation? Why couldn’t the RBI effect interest
High employee attrition of 25% in private banks pose operational risk: RBI | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/high-employee-attrition-of-25-in-private-banks-pose-operational-risk-rbi-124122900347_1.html Employee attrition rates are high across select private sector banks and small finance banks (SFBs), the report, which was released by the Reserve
👍Credit and deposit grow at 11.5% in fortnight ending Dec 13: RBI data | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/credit-and-deposit-grow-at-11-5-in-fortnight-ending-dec-13-rbi-data-124122700944_1.html Credit growth in the economy, which had previously been driven primarily by retail credit, has tapered off from its peak Credit growth gained
👍Maharashtra reports highest number of digital fraud attempts: IDfy report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/maharashtra-reports-highest-number-of-digital-fraud-attempts-idfy-report/article69033780.ece Nearly half of total fraud attempts were concentrated in Maharashtra, Uttar Pradesh, Telangana and Karnataka Maharashtra reported the highest number of fraud attempts
👍NPA cases referred for resolution, amount involved drop in 2023-24 | News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/npa-cases-referred-for-resolution-amount-involved-drop-in-2023-24-124122600989_1.html As a result, the amount involved and the amount recovered in absolute terms was also lower than the amount involved and recovered in
👍👍👍👍👍Monetary policy stance may have led to demand slowdown in H1: Finmin review | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/monetary-policy-stance-may-have-led-to-demand-slowdown-in-h1-finmin-review-124122600797_1.html India’s economic growth slowed more sharply than anticipated in the July-September period of FY25, dropping to a seven-quarter low of 5.4 per cent
👍👍👍👍👍Book value of assets acquired by ARCs crosses ₹10 lakh crore mark – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/book-value-of-assets-acquired-by-arcs-crosses-10-lakh-crore-mark/article69030387.ece The book value of assets acquired by 28 ARCs stood at ₹8,39,126 crore as on March-end 2023, per RBI’s Report on Trend and
👍Rupee depreciation to impact India Inc profits – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/rupee-depreciation-to-impact-india-inc-profits/article69026496.ece The rupee continued to decline for the second straight session, falling 9 paise to settle at a fresh all-time low of 85.20 against
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