Clipped from: https://www.thehindubusinessline.com/money-and-banking/push-e-mandate-rules-to-june-for-smooth-transition-say-experts/article34200070.ece The deadline for implementing the Payment Aggregators and Payment Gateways (PAPG) guidelines should be extended till June to enable smooth transaction, according to
Category: RBI–Banks
Govt not interested in footing Rs 8,000-cr moratorium bill for banks | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/govt-not-interested-in-footing-rs-8-000-cr-moratorium-bill-for-banks-121033001212_1.html Govt is of the view that the onus of reimbursing compound interest charged to customers does not fall on entirely on itself, said
‘Fintech can bridge MSME credit gap with digital data to assist risk analysis, cash flow-based lending’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-fintech-can-bridge-msme-credit-gap-with-digital-data-to-assist-risk-analysis-cash-flow-based-lending/2223151/ Credit and Finance for MSMEs: Access to reliable data in an “easy to access and analyse” digital format is at the center of
SBI to revamp MSME lending ops to increase efficiency – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/sbi-to-revamp-msme-lending-ops-to-increase-efficiency/2223469/ “With the objective of becoming banker of choice for MSMEs, SBI intends to improve existing processes and structure in the SME space for
Your Queries (Loans): To avail PMAY, sell existing property and buy new one with home loan – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-3/2223431/ Once the home loan is fully repaid the PMAY subsidy is not possible to avail. You may request for an extension of moratorium.
Automatic recurring payment to comply with RBI direction from April 1 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/automatic-recurring-payment-to-comply-with-rbi-direction-from-april-1/articleshow/81762812.cmsSynopsis Under the new norms, banks will be required to inform customers in advance about recurring payment due and transaction would be carried following
Retail loans set to become largest segment for Indian banking industry | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/retail-loans-set-to-become-largest-segment-for-indian-banking-industry-121033000016_1.html Lenders depending on personal loans rather than industrial credit According to the Reserve Bank of India (RBI) data, banks shrunk their industrial and
SEE CHANGE aims to be a leading Indian brand in MSME consulting – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/see-change-aims-to-be-a-leading-indian-brand-in-msme-consulting/article34187940.ece SEE CHANGE Consulting aims to become a leading home-grown brand in the MSME (micro, small and medium enterprise) consulting space with a strategy
Interest refund: Banks want Govt to pick the tab on loans over ₹2 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-want-finmin-to-pick-up-the-tab-for-refund-of-interest-on-interest-for-loans-above-2-cr/article34190603.ece Banks fear this will lead to an impact on their bottomline Banks want the government to pick up the tab for refunding amounts
Data of 3.5 m MobiKwik users allegedly hacked – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/data-of-35-m-mobikwik-users-allegedly-hacked/article34192591.ece Fintech platform denies claim, says user data safe Personal details of 3.5 million MobiKwik users seem to have been leaked, according to independent
What is RBI’s Restructuring 2.0 all about? – The Hindu BusinessLine
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
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
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