Clipped from: https://www.financialexpress.com/economy/govt-to-top-up-rs-5000-crore-grant-to-enable-proposed-state-owned-dfi-to-raise-low-cost-funds/2217299/ Given that one DFI can’t satiate the voracious appetite of the infrastructure sector, the government will offer a five-year tax holiday for private-sector
Category: RBI–Banks
Digital lending: Government blocks 27 fraud lending apps offering instant credit online – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/digital-lending-government-blocks-27-fraud-lending-apps-offering-instant-credit-online/2217349/ The Reserve Bank of India had constituted a Working Group on January 13, 2021, to study all aspects of digital lending activities including
Post exit from PCA framework, IDBI Bank to focus on improving efficiency ratios, says MD – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/post-exit-from-pca-framework-idbi-bank-to-focus-on-improving-efficiency-ratios-says-md/articleshow/81614180.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “With restrictions imposed by RBI gone, we will like to go in a calibrated way and grow the business in a more profitable
RBI warns bond markets to avoid ‘tandav’ of high interest rates – The Financial Express
Clipped from: https://www.financialexpress.com/economy/rbi-warns-bond-markets-to-avoid-tandav-of-high-interest-rates/2216303/ Investors must understand their exposures when they set about to scour the landscape and exploit signs of market dysfunction. “It is recovering but
Make it work: DFI is an idea whose time has returned. India urgently needs a big infra push
lipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/make-it-work-dfi-is-an-idea-whose-time-has-returned-india-urgently-needs-a-big-infra-push/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Initiatives taken in Budget will step-up growth momentum: RBI article – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/initiatives-taken-in-budget-will-step-up-growth-momentum-rbi-article/articleshow/81590913.cmsSynopsis “The Union Budget 2021-22 strikes the right chord by prioritising counter-cyclical investment-led fiscal support to post-COVID recovery in growth,” said the article on
How to get free govt insurance for your bank FDs up to Rs 65 lakh – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/how-to-get-a-higher-insurance-cover-of-rs-65-lakh-on-your-bank-deposit-without-any-cost/articleshow/81551785.cmsSynopsis The best way to ensure the safety of your bank deposits is to make sure that you make deposits in different rights and
The issues with RBI’s plan to set up ‘NUE’ entity for retail payments – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-the-issues-with-rbis-plan-to-set-up-nue-entity-for-retail-payments/articleshow/81593891.cms Synopsis–NUEs seek to set up, manage and operate new payment systems — therefore, replicate and augment the Unified Payments Interface (UPI) network, which
Resolution of bad loans may face logjam if IBC not streamlined: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/resolution-of-bad-loans-may-face-logjam-if-ibc-not-streamlined-experts-121031400919_1.html Few will go on record explicitly, but there is the fear that there will be a logjam ahead on the IBC front. In
We’ll be selective in our lending decisions, says IDBI Bank’s Rakesh Sharma | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/we-ll-be-selective-in-our-lending-decisions-says-idbi-bank-s-rakesh-sharma-121031600264_1.html IDBI Bank, which came out of PCA last week, says processes have been strengthened and past mistakes will not be repeated Rakesh Sharma,
Worst over, economy will only move upwards: Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/worst-over-economy-will-only-move-upwards/articleshow/81560126.cms Synopsis–“GDP growth is slowly turning the corner,” RBI governor Shaktikanta Das, chosen as ET’s Business Reformer of the Year by a jury headed
Make it work: DFI is an idea whose time has returned. India urgently needs a big infra push–the times of india
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/make-it-work-dfi-is-an-idea-whose-time-has-returned-india-urgently-needs-a-big-infra-push/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Repurpose Existing Dev Finance Arms–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/repurpose-existing-dev-finance-arms/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The Cabinet nod for an infrastructure-focused development finance
NPAs expected to increase in first half of 2021: FICCI-IBA survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/npas-expected-to-increase-in-first-half-of-2021-ficci-iba-survey/articleshow/81549958.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The findings are part of the 12th round of bankers’ survey carried out by FICCI-IBA between July and December 2020. Asset quality of
Is Development Finance Institution new wine from an old bottle? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-is-development-finance-institution-new-wine-froman-old-bottle/articleshow/81556419.cms SynopsisFor any development finance institution to be viable, two things have to be in place — funds that would be available for 10-15
Vayana Network, CRIF India partner to launch tech-enabled tool for MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/vayana-network-crif-india-partner-to-launch-tech-enabled-tool-for-msmes/article34073068.ece Good Business Score will help MSMEs measure and manage their business health effectively Vayana Network, a supply chain financing platform, has partnered with
PAC for lowering interest rates of loans to MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/pac-for-lowering-interest-rates-of-loans-to-msmes/article34077136.ece The Public Accounts Committee (PAC) has asked the Department of Financial Services and commercial banks to charge “uniform and lowest possible” rates of
Union Cabinet clears setting up of Development Finance Institution: Nirmala Sitharaman – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/union-cabinet-clears-setting-up-of-a-development-finance-institution-fm/articleshow/81530183.cmsSynopsis Union Cabinet has cleared the setting up of a Development Finance Institution (DFI), in acknowledgement of the realization that both development and financial
‘Not all banks will be privatised,’ says Nirmala Sitharaman–business today
Sitharaman said the decision to privatise banks is a well-thought-out one. She said that the government wants the bank to get more equity and to
PhonePe cements position as leading UPI app, WhatsApp falls behind | Business Standard News
lipped from: https://www.business-standard.com/article/companies/phonepe-cements-position-as-leading-payments-app-whatsapp-falls-behind-121031600523_1.html UPI, India’s flagship payments platform, recorded 2.29 billion transactions worth Rs 4.25 trillion in February. PhonePe processed the most transactions in the last three
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