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
Category: RBI–Banks
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
Banking sector wobbly even after reforms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/banking-sector-wobbly-even-after-reforms/article34163090.ece Some of the key suggestions made by the Narasimham Committee three decades back are yet to be implemented Finance Minister Nirmala Sitharaman has
Lending based on GST data improves MSMEs’ access to credit: Vayana Network – The Financial Express
lipped from: https://www.financialexpress.com/economy/lending-based-on-gst-data-improves-msmes-access-to-credit-vayana-network/2220474/ Vayana has till date enabled $6 billion in trade finance for 300 supply chains in 25 different industries and processed 1.7 million transactions.
“Be humble and honest above all else,” HDFC Bank boss pens a letter to employees – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/keep-customers-at-the-forefront-says-hdfc-bank-chief-sashidhar-jagdishan-to-staff/articleshow/81681036.cms Synopsis–During a significant digital outage in November last year, Jagdishan had quickly stepped in to assuage customer fears and apologised for not living
CBI raids 100 locations in bank frauds over Rs 3,700 crore–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/cbi-raids-100-locations-in-bank-frauds-over-rs-3700-crore/story/434907.html CBI said that various incriminating documents and other material and digital evidences were recovered during the searches The Central Bureau of Investigation (CBI)
The revival of a worthy report – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-revival-of-a-worthy-report/2218136/ For real interest rate to be positive, inflation rate should be 3-4% per annum One wishes that this reality is well recognised in
‘RuPay’s market share by volumes is 34%’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rupays-market-share-by-volumes-is-34/2218027/ E-commerce is a very significant driver, but we are also seeing a lot of other interesting categories emerge. For example, we now have
All you need to know about perpetual bond controversy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-need-to-know-about/article34134365.ece A circular from SEBI on perpetual bonds in the second week of March set off tensions between the Finance Ministry and the market
Chalking the road ahead for a bad bank – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/chalking-the-road-ahead-for-a-bad-bank/article34134154.ece For a bad bank to effectively resolve NPAs, a critical factor would the type of assets it acquires and the price paid for
Political economy of relative inflation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/political-economy-of-relative-inflation/article34133939.ece When non-core inflation falls but core inflation rises, it hurts farmers and exposes the structural faultlines in agriculture Since 2016, the Reserve Bank
Banks may seek review of SC order; yet to get ex gratia from first round – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/banks-may-seek-review-of-sc-order-yet-to-get-ex-gratia-from-first-round/2219739/ Lenders themselves have paid the ex gratia amounts to their respective borrowers, and the last date for doing so was November 5, 2020.
Between Supreme Court & govt, banks lose freedom – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/between-supreme-court-govt-banks-lose-freedom/2219575/ SC did well to allow banks to declare loans as NPAs, but not allowing them to charge penal interest was a bad idea
True Balance raises $10 million in debt funding for its NBFC True Credits – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/true-balance-raises-10-million-in-debt-funding-for-its-nbfc-true-credits/article34132357.ece Fintech app True Balance on Monday announced that it has raised $10 million in debt funding from a group of investors. The debt
‘NBFCs have made adequate provisions, do not expect a quantum jump in bad loans’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/nbfcs-have-made-adequate-provisions-do-not-expect-a-quantum-jump-in-bad-loans/article34152403.ece Non-banking financial companies (NBFCs) have already made provisions for non-performing assets and do not expect a sharp spike in bad loans following the
New RBI norms: Uni-State UCBs can convert to multi-State UCBs via amalgamation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/new-rbi-norms-uni-state-ucbs-can-convertto-multi-state-ucbs-via-amalgamation/article34152145.ece A uni-State Urban Co-operative Bank (UCB) can metamorphose into a multi-State UCB through amalgamation with a uni-State bank registered in another State, going
Banking on crisis management: Meet Gopinath, head of SEAC on bank licences | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banking-on-crisis-management-meet-gopinath-head-of-seac-on-bank-licences-121032401725_1.html Ever-smiling, consciously low profile, and unfailingly polite, it is easy to mistake her for a family matriarch rather than a doyenne of high
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