Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/supreme-court-chooses-right/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The Supreme Court’s refusal either to extend RBI’s
Category: RBI–Banks
Policybazaar to team up with Paytm, Ola and IndusInd Bank for NUE bid – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/policybazaar-to-team-up-with-paytm-ola-and-indusind-bank-for-nue-bid/articleshow/81657479.cmsSynopsis PolicyBazaar and others have set up an entity called Foster Payment Network which will front the NUE bid under Reserve Bank of India’s
loan moratorium : No compound or penal interest be charged from borrowers during moratorium period, directs SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/cant-allow-extension-of-loan-moratorium-period-says-sc-waiver-of-interest-not-possible/articleshow/81644517.cmsSynopsis The bench refused to further extend the moratorium period beyond Aug 31, 2020, or the deadline for resolution of stressed assets beyond Dec
RBI to consider proposal to merge twoor more Urban Cooperative Banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-to-consider-proposal-to-merge-twoor-more-urban-cooperative-banks/article34143711.ece The Reserve Bank of India (RBI), on Tuesday, said it will consider proposals for merger and amalgamation of two or more Urban Cooperative
Digital lenders on fund raising spree – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/digital-lenders-on-fund-raising-spree/article34139555.ece Analysts believe sector set to grow further Concerns about the sector notwithstanding, the digital lending segment is seeing a boom with increased demand
Will the new DFI boost infra funding? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/will-the-new-dfi-boost-infra-funding/article34142830.ece Its success will hinge on, among others, the cost of raising funds, returns for investors and efficient project appraisal The creation of a
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 Leveraging tech for smart banking – istock.com/ipopba Leveraging tech for smart banking – istock.com/ipopba× These digital, online-only entities provide a variety of services
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
How bad bank model of ARC, AMC would work to manage NPAs–BUSINESS TODAY
Clipped from: https://www.businesstoday.in/opinion/columns/how-bad-bank-model-of-arc-amc-would-work-to-manage-npas/story/433303.html The proposed two-tier ARC, AMC framework, ostensibly created with public structure and private sector in mind for the respective entities, may create more
Paytm payment gateway registers over 750 mn monthly transactions | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/paytm-payment-gateway-registers-over-750-mn-monthly-transactions-121032201414_1.html Digital payments services firm Paytm said its payment gateway now registers 750 million transactions on a monthly basis. Photo: Bloomberg Digital payments services
DFI to get direct access to Reserve Bank of India’s funding facilities | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/dfi-to-get-direct-access-to-reserve-bank-of-india-s-funding-facilities-121032300043_1.html Govt may guarantee bonds, debentures and loans issued by the new institution Finance Minister Nirmala Sitharaman introduced the National Bank for Financing Infrastructure
Rising interest rates, inflation and currency depreciation – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-rising-interest-rates-inflation-and-currency-depreciation/2218005/ If interest rates in India go up, foreign portfolio investment will increase. This will lead to an increased demand for the Rupee and
Courts, probe agencies can’t proceed against DFI board sans prior govt approval – The Financial Express
Clipped from: https://www.financialexpress.com/industry/courts-probe-agencies-cant-proceed-against-dfi-board-sans-prior-govt-approval/2218082/ The NaBFID Bill tabled by finance minister Nirmala Sitharaman in Parliament on Monday makes it incumbent on courts get prior approval of the
Business activities gradually improving but it could still be a while before MFI segment sees a turnaround – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/business-activities-gradually-improving-but-it-could-still-be-a-while-before-mfi-segment-sees-a-turnaround/articleshow/81635041.cms Synopsis–With the gradual opening up of the Indian economy, collections picked up pace since the September and December quarter but have slowed in
Loan moratorium: SC to pronounce verdict on Tuesday on pleas for relief from trade bodies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/loan-moratorium-sc-to-pronounce-verdict-on-tuesday-on-pleas-for-relief-from-trade-bodies/articleshow/81636147.cmsSynopsis The government said this was a main reason as to why waiver of interest was not even contemplated and only payment of instalments
Increasing policy challenges | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/increasing-policy-challenges-121032100883_1.html RBI should not digress from maintaining price stability Inflationary pressures are rising once again. The inflation rate based on the consumer price index went up
Will gold loan lose its sheen? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/will-gold-loan-lose-its-sheen-121032100869_1.html In August 2020, when RBI raised the LTV for gold loans to 90 per cent, effective till March 2021, gold price was at
Banks to send more cases to bankruptcy courts even as old ones lie stagnant | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/banks-set-to-send-more-bankruptcy-cases-even-as-old-ones-lie-stagnant-121032100415_1.html Several roads, real estate and power companies are headed to the bankruptcy courts once the one-year ban imposed by the RBI lifts in
Transfer NPAs to bad bank at book value, says Parliamentary panel | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/transfer-npas-to-bad-bank-at-book-value-says-parliamentary-panel-121032100941_1.html The panel urged the Reserve Bank of India to clearly define every step of the procedure to remove any ambiguity or discretion from
Digital payments to skyrocket 3X to over Rs 7,000 lakh cr by FY25; mobile payments to see highest growth – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/digital-payments-to-skyrocket-3x-to-over-rs-7000-lakh-cr-by-fy25-mobile-payments-to-see-highest-growth/2217233/ The digital payments market, which has been led by companies such as Paytm, PhonePe, Pine Labs, Razorpay, BharatPe, and others on both B2C
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