Clipped from: https://www.businesstoday.in/current/economy-politics/psbs-may-have-to-bear-burden-of-rs-2000-cr-following-sc-judgement-on-interest-waiver/story/435681.html The judgement covers loans above Rs 2 crore as loans below this got blanket interest on interest waiver in November last year. Compound
Category: RBI–Banks
50% of SBI Card transaction from online payments, says CEO–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/50-percent-of-sbi-card-transaction-from-online-payments-says-ceo/story/435684.html Particularly within SBI Card, now, more than 53 per cent of the spends actually come from online payments which used to be around
Banks sanctions Rs 25,586 cr to 1.14 lakh Stand-Up India accounts in 5 years – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-sanctions-rs-25586-cr-to-1-14-lakh-stand-up-india-accounts-in-5-years/articleshow/81900372.cmsSynopsis Under the scheme, bank loans between Rs 10 lakh and Rs 1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe
UPI, IMPS bank transfer failed? When you will get refund, what to do if you don’t – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/save/failed-bank-transfer-via-upi-imps-when-you-will-you-get-your-money-back-what-to-do-if-dont-get-refund-on-time/articleshow/81882779.cmsSynopsis On April 1, 2021, many customers faced issued related to the transfer of money via NEFT, IMPS and UPI. As per replies by
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
The forgotten case for bank nationalisation | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/the-forgotten-case-for-bank-nationalisation-121040201118_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Newsletter_11072018 In the recent clamour for their re-privatisation, we seem to have forgotten the rationale for bank nationalisation and the crucial role public sector
The Central government may not be able to bite the small saving interest bullet for long – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/view-the-central-government-may-not-be-able-to-bite-the-small-saving-interest-bullet-for-long/articleshow/81876461.cmsSynopsis Come the end of the first quarter, when the hurly burly of the state elections are done, there could be another attempt at
small savings: Small savings: What triggered the rate reversal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/small-savings-what-triggered-the-rate-reversal/articleshow/81866744.cmsSynopsis The government on Thursday reversed interest rate cuts across a host of small savings schemes announced a day earlier. Small savings scheme rates
PSU banks go slow on asset sales, await privatisation list – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/psu-banks-go-slow-on-asset-sales-await-privatisation-list/articleshow/81882569.cmsSynopsis Public sector banks that were not part of the consolidation process are going slow on their plans to monetise assets as part of
You can now withdraw cash from ATMs without using your card; here’s how–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/you-can-now-withdraw-cash-from-atms-without-using-your-card-heres-how/story/435580.html Using the facility, customers can withdraw cash using their mobile with any UPI enabled app such as BHIM, Paytm, GPay, among others, and
MFIs revival: Major risks, gaps facing microfinance in India–business today
Clipped from: https://www.businesstoday.in/opinion/columns/mfis-revival-major-risks-gaps-facing-microfinance-in-india/story/435512.html RBI should take cognisance of the situation and work together with sector representatives and government to eliminate the flaws and make the microfinance
Prudence prevails: on speculation about inflation – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/prudence-prevails-on-speculation-about-inflation/article34226375.ece That inflation is a concern for policymakers is reassuring for consumers and savers The Finance Ministry has put to rest all speculation about
MFIs revival: Major risks, gaps facing microfinance in India–BUSINESS TODAY
Clipped from: https://www.businesstoday.in/opinion/columns/mfis-revival-major-risks-gaps-facing-microfinance-in-india/story/435512.html RBI should take cognisance of the situation and work together with sector representatives and government to eliminate the flaws and make the microfinance
Like telcos, banks may soon pester customers daily to pay up via messages | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/like-telcos-banks-may-soon-pester-customers-daily-to-pay-up-via-messages-121040201086_1.html Working on an RBI mandate to automate its NPA alert system real-time, instead of manually gauging NPA status at the end of the
Hope to grow our loan book by 35-40% over next 3-4 years: Rajeev Yadav, MD & CEO, Fintech Small Finance Bank – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/hope-to-grow-our-loan-book-by-35-40-over-next-3-4-years-rajeev-yadav-md-ceo-fintech-small-finance-bank/2225852/ The regulator has various rules for different products. Right now, our capital adequacy is of the order of 27-28% (of which nearly 95%
Cash Reserve Ratio: Should the CRR be retained? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/cash-reserve-ratio-should-the-crr-be-retained/2225819/ It can be argued that the CRR should remain, and RBI has been fair to banks as the cost of the CRR is
Govt’s borrowing plan to mount pressure on G-Sec yields in H1 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/govts-borrowing-plan-to-mount-pressure-on-g-sec-yields-in-h1/article34225706.ece?homepage=true The Indian government is planning to raise a whopping Rs 7.24 lakh crore in the first half of this year Government Security yields
Jana Small Finance Bank files DRHP to raise Rs 700 crore via fresh share issue – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/jana-small-finance-bank-files-drhp-to-raise-rs-700-crore-via-fresh-share-issue/2225230/ Its capital adequacy ratio stood at 19.3%, with the tier-I ratio at 13.1%, in FY20. The bank’s net interest margin (NIM) stood at
Paytm 30% larger than nearest competition in digital payments, says company’s VP Narendra Yadav – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/paytm-30-larger-than-nearest-competition-in-digital-payments-says-companys-vp-narendra-yadav/2224957/ Out of 3,584.13 million digital financial transactions carried out in February according to the data released by NPCI, Paytm claims to have carried
Volatility not for us, ours is a model of steady growth: TT Srinivasaraghavan, former MD, Sundaram Finance – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/volatility-not-for-us-ours-is-a-model-of-steady-growth-tt-srinivasaraghavan-former-md-sundaram-finance/2225254/ There is aversion to lending to NBFCs every time there is a problem in the financial market, though, if you look at the
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