Clipped from: https://www.thehindubusinessline.com/portfolio/news-analysis/what-is-rbis-restructuring-20-all-about/article32288117.ece The one-off resolution of stressed personal loans will be available to borrowers repaying their loans regularly as on March 1 In a bid
Category: RBI–Banks
FinMin directs banks to up the game on personal guarantors to corporate loans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/finmin-directs-banks-to-up-the-game-on-personal-guarantors-to-corporate-loans/article32459061.ece Tells them to install IT and monitoring systems to collate structured data KR Srivats/Shishir Sinha In a move to keep a keener eye on
RBI lays out rules for opening current accounts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-lays-out-rules-for-opening-current-accounts/article32288214.ece In view of concerns emanating from use of multiple operating accounts by borrowers, the Reserve Bank of India (RBI) has decided to put
CBI books Delhi-based firm, its directors – The Hindu
Clipped from: https://www.thehindu.com/news/national/cbi-books-delhi-based-firm-its-directors/article34185016.ece Case involves defrauding a bank of over ₹50 crore The Central Bureau of Investigation (CBI) has booked a Delhi-based company and others for
Why Indians are hesitant to deal in cryptos – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-indians-are-hesitant-to-deal-in-cryptos/article34184425.ece Myths like cryptocurrencies are imaginary assets, aren’t reliable, and likely to be banned are playing spoilsport To the uninformed, the cryptocurrency realm can
Corporate affairs ministry facilitates tracking down of payments to MSMEs | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/corporate-affairs-ministry-facilitates-tracking-down-of-payments-to-msmes-121032900009_1.html From the next month, companies are required to disclose trade payables according to their ageing – less than one year, 1-2 years, 2-3
NFC vs. UPI: Why do payments companies want you to tap and pay? Hint: it’s all about money. – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/nfc-vs-upi-why-do-payments-companies-want-you-to-tap-and-pay-hint-its-all-about-money-/primearticleshow/81636796.cms Synopsis–Over the last two years, UPI has vastly changed the dynamics of the payments industry. Companies don’t want to miss out on the
Your e-mandate may soon run into trouble – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/your-e-mandate-may-soon-run-into-trouble/article34179168.ece Despite RBI circulars, most banks not ready with ‘upgraded capacities’ The Internet And Mobile Association of India (IAMAI) has warned that millions of
embedded finance: Understanding the rise of embedded finance in post-Covid economy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/understanding-the-rise-of-embedded-finance-in-post-covid-economy/articleshow/81721224.cmsSynopsis Millions of customers have already benefited from embedded finance due to the attractive rewards given by the technology platforms for payments and timely
Leg up for start-ups – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/editorial/sebi-boards-decisions-will-help-start-ups-epand-protect-retail-investors/article34172168.ece SEBI Board’s decisions will help start-ups and protect retail investors The SEBI Board’s decision to address the gaps in the existing framework for
With the latest $234-m fund-raise, Chennai-based NBFC Five-Star turns a unicorn – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/chennai-based-nbfc-five-star-business-finance-limited-raises-1700-crore/article34169522.ece The investment will be made through a combination of primary infusion and secondary shares sales by existing investor Morgan Stanley Private Equity Five
Fintech revolution needs regulatory help – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/fintech-revolution-needs-regulatory-help/2221277/ They have cracked the payments piece but to do the same in the lending space, fintechs need important permissions from RBI And here
A DFI is a good idea, but it must not function like a PSU – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/a-dfi-is-a-good-idea-but-it-must-not-function-like-a-psu/2214970/ If the govt lowers its stake to below 50%, the 3Cs won’t apply to the DFI; how it is staffed will also be
Why digital payment is a public good – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-digital-payment-is-a-public-good/article34093572.ece The RBI’s move to allow private players as ‘new umbrella entities’ to operate the retail payments system is risky A robust and secure
Neo bank — the new disruptor on the block – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/neo-bank-the-new-disruptor-on-the-block/article34093484.ece These digital, online-only entities provide a variety of services tailored to maximise customer banking experience Though neo-banks may adopt a variety of operating
DFI bond subscribers to get tax reimbursement from Centre’s Rs 5K cr grant | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/dfi-bond-subscribers-to-get-tax-reimbursement-from-centre-s-rs-5k-cr-grant-121031900047_1.html The Cabinet on Tuesday approved the Bill to create the government-promoted DFI The Rs 5,000-crore corpus will also help in defraying hedging costs
Soft-touch regulation for digital lending – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/soft-touch-regulation-for-digital-lending/2215702/ A data protection law could help, as also formally recognising industry efforts to certify genuine platforms Similarly, on the data protection aspect, a
Secured loans may help you tackle tighter credit norms, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/secured-loans-may-help-you-tackle-tighter-credit-norms-say-experts-121031801652_1.html Presence of collateral allows lenders to relax their criteria while sanctioning of these loans “The stress is especially high in personal loans given
The engine of financial inclusion needs the oil of financial literacy to move the economy forward: Kunal Shah – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/et-evoke/the-engine-of-financial-inclusion-needs-the-oil-of-financial-literacy-to-move-the-economy-forward-kunal-shah/articleshow/81593898.cms Synopsis–Writing in ET Evoke, Kunal Shah discusses why it is essential for India’s national growth to empower every citizen with education about money:
DFI goes back to the future: Will changes boost infra funding in India? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/dfi-goes-back-to-the-future-will-changes-boost-infra-funding-in-india-121032501407_1.html The Bill suggests that the government has learned from past mistake The DFI will get government guarantees for its repayment, and support through
aniltikotekar4sme.com 