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
Category: RBI–Banks
‘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
DFI employees may get shield against ‘ill-informed’ probe, prosecution | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/dfi-employees-may-get-shield-against-ill-informed-probe-prosecution-121031700072_1.html The government expects the DFI to finance a large percentage of the Rs 115-trillion spending needed for the National Infrastructure Pipeline A government
How to make good assets with a ‘Bad Bank’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-to-make-good-assets-with-a-bad-bank/article34084967.ece For faster recovery of bad loans, ARCs need to be made more competitive by boosting their capital base through consolidation While the economy
We had a vision that we will be a world class Indian bank: Aditya Puri – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/we-had-a-vision-that-we-will-be-a-world-class-indian-bank/articleshow/81538208.cms Synopsis–Puri, who gets the ET Award for Lifetime Achievement, tells that while he helmed the lender, a team focused on common goals and
Know how currency markets effect interest rates – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-know-how-currency-markets-effect-interest-rates/2213374/ Banks are dealers in capital. Like dealers of other assets, they too will quote two rates, one for borrowing and the other for
Insurance Cover: Bank depositors to get access to funds in 90 days – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/insurance-cover-bank-depositors-to-get-access-to-funds-in-90-days/2213323/ The Budget announcement had come after Punjab and Maharashtra Co-operative Bank faced a grave fraud, with customers demanding their entire money back. Subsequently,
DHFL: How money moved in circles in DHFL insurance deals – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/money-moved-in-circles-in-dhfl-insolvency-case/articleshow/81503546.cms SynopsisThe link between TDH and DHFL’s insurance business follows a complex trail of transactions that show that DHFL had funded entities that in
Bond storm – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/bond-storm/article34076582.ece?homepage=true SEBI’s perpetual bonds diktat protects retail investors, but fallout could have been anticipated The Securities Exchange Board of India’s circular to streamline ownership
Need to make cryptocurrency illegal: An ‘official cryptocurrency’ can create confusion & unease amongst citizens – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/need-to-make-cryptocurrency-illegal-an-official-cryptocurrency-can-create-confusion-unease-amongst-citizens/2212600/ The fight against black money is still on and tax data does not show that there has been encouraging success in this area.
cyber security: Follow these 10 steps to ensure your online financial data remains safe – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/follow-these-10-steps-to-ensure-your-online-financial-data-remains-safe/articleshow/81480488.cmsSynopsis With financial transactions being increasingly carried out online, it is becoming difficult to keep hackers and frauds at bay. Find out how you
Will interest rates continue to rise? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/will-interest-rates-continue-to-rise/2212619/ The bond markets are pushing the central bank around and it is hard to see how/when this will stop Of course, as we
Axis Bank looks to strengthen position in insurance sector – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/axis-bank-looks-to-strengthen-position-in-insurance-sector/article34067261.ece?homepage=true Signs agreements for 9.9% stake in Fettle Tone, promoter of Max Bupa Health Insurance In a bid to further consolidate its position in
Fine-tuning flexible inflation targeting – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fine-tuning-flexible-inflation-targeting/article34067733.ece?homepage=true There should be a switch in target from headline to core CPI. And, the basket and its weights should be updated frequently Possible
When will SC status quo on bank loans end? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/when-will-sc-status-quo-on-bank-loans-end-121031400872_1.html If it continues, wary of borrowers’ opportunism and distorted credit discipline, banks may not come forward to lend even if we shout ourselves
‘Drastic changes’ in monetary policy framework can upset bond market, warns Raghuram Rajan–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/drastic-changes-in-monetary-policy-framework-can-upset-bond-market-warns-raghuram-rajan/story/433806.html Rajan, also a noted economist, opined that the government’s ambitious target to make India a USD 5-trillion economy by 2024-25 was “more aspirational,
Maintain the status quo | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/maintain-the-status-quo-121030401665_1.html The current inflation target has worked well The inflation target of 4 per cent with a lower and upper tolerance level of 2
Important to let PSU banks reNUE their technology – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/important-to-let-psu-banks-renue-their-technology/2208091/ Since access to new technology will be critical to their success, PSU banks must be allowed to be part of NUEs If we
ICICI, HDFC, SBI will have to offload Rs 1.2 lakh cr if RBI caps stake in insurance arms: Report – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/icici-hdfc-sbi-will-have-to-offload-rs-1-2-lakh-cr-if-rbi-caps-stake-in-insurance-arms-report/2206498/ Almost all state-run banks and large private sector banks also have unlisted life and non-life insurance ventures. It was also reported that the
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