Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/fall-in-gold-prices-may-not-significantly-impact-nbfcs-asset-quality-report/articleshow/82032154.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis However, banks that were aggressively disbursing gold loans during the last fiscal may see some impact on their asset quality, Crisil Ratings said
Category: RBI–Banks
How the RBI intervened to arrest rupee’s fall – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/how-the-rbi-intervened-to-arrest-rupees-fall/articleshow/82035521.cms SynopsisThe central bank, according to market sources, net sold an estimated $600 million in the exchange traded futures market to arrest the rupee’s
Earn higher interest on FD for getting vaccinated – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/earn-higher-interest-on-fd-for-getting-vaccinated/articleshow/82036438.cmsSynopsis Public sector bank Central Bank of India is offering 25 basis points (one bps is 0.01 %) extra over card rates for citizens
Archeron group to offer banking services powered by algorithms and quantum technology – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-tech/archeron-group-to-offer-banking-services-powered-by-algorithms-and-quantum-technology/article34296120.ece Bengaluru-based Archeron group plans to open five banks that are run entirely by AI and quantum technologies–CLICK TO READ FURTHER
Moral hazards of RBI’s balance sheet approach – The Hindu BusinessLine
Moral hazards of RBI’s balance sheet approach – The Hindu BusinessLine https://www.thehindubusinessline.com/opinion/moral-hazards-of-rbis-balance-sheet-approach/article34295981.eceMonetary Policy with short-term, narrow goals can destroy credibility in the long run—CLICK TO
Tough game – The Hindu BusinessLine
Tough game – The Hindu BusinessLine https://www.thehindubusinessline.com/opinion/editorial/in-its-effort-to-manage-the-yield-curve-the-rbi-must-not-get-entangled-into-a-qe-trap/article34296005.eceIn its effort to manage the yield curve, the RBI must not get entangled into a QE trap—-CLICK TO
Jan Dhan accounts see unusual surge in total balance in March – The Hindu BusinessLine
Jan Dhan accounts see unusual surge in total balance in March – The Hindu BusinessLine https://www.thehindubusinessline.com/money-and-banking/jan-dhan-accounts-see-unusual-surge-in-total-balance-in-march/article34296858.ece?homepage=true Defying the normal pattern, total balance in the basic
Your Money: What EBITDA and EBIT tell about a firm’s performance – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-what-ebitda-ebit-tell-about-a-firms-performance/2230260/ We need to know the application of EBITDA & EBIT to arrive at a correct valuation of firms The operating revenue for TL
State Bank of India’s latest target: Rs 4-trn SME loan book by March 2024 | Business Standard News
State Bank of India’s latest target: Rs 4-trn SME loan book by March 2024 | Business Standard News https://www.business-standard.com/article/economy-policy/state-bank-of-india-s-latest-target-rs-4-trn-sme-loan-book-by-march-2024-121041100882_1.htmlIt has become easier to do business,
April monetary policy a fine balancing act | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/april-monetary-policy-a-fine-balancing-act-121041100863_1.html Structurally, it’s a well-crafted policy. But like in cricket and politics, things can change dramatically for a central bank in a very short
TReDS platform RXIL discounts receivables worth Rs 1,000 crore in a month – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/treds-platform-rxil-discounts-receivables-worth-rs-1000-crore-in-a-month/2228011/ Credit and Finance for MSMEs: From transactions worth Rs 69 crores in April 2020, RXIL reached a whopping Rs 1,105 crore in March
5 ways credit cards can improve your financial health – The Financial Express
Clipped from: https://www.financialexpress.com/money/5-ways-credit-cards-can-improve-your-financial-health/2230863/ When used in a disciplined manner, credit cards can be an excellent tool for managing finances, saving money and building a strong credit
ECLGS: Extension of MSME refinancing scheme might add to banks’ exposure to stressed accounts, says Fitch – The Financial Express
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
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
