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
Category: RBI–Banks
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
Govt to top up Rs 5,000-crore grant to enable proposed state-owned DFI to raise low-cost funds – The Financial Express
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
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,
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