Clipped from: https://indianexpress.com/article/opinion/columns/india-economy-rbi-monetary-policy-gdp-growth-msme-sector-7221515/ Given the limitations of monetary policy, a fiscal push is crucial for sustained growth recovery. Gross value added (GVA) at basic prices registered
Category: RBI–Banks
Axis Bank launches wearable contactless payment devices – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/axis-bank-launches-wearable-contactless-payment-devices/article34036302.ece Private sector lender Axis Bank has introduced wearable contactless payment devices that will enable customers pay on the go. Customers can wave it
Digital lending apps continue to see robust demand – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/digital-lending-apps-continue-to-see-robust-demand/article34037180.ece?homepage=true The benefit of the service is that it will provide connectivity to customers in remote areas – istock/noipornpan The benefit of the service
Stay away from crony lending, focus on high quality loans: CEA Subramanian tells financial institutions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cea-kv-subramanian-stresses-on-infra-led-growth-takes-on-crony-lending/articleshow/81406593.cmsSynopsis Observing that Indian banking sector since the early 1990s faced the problem of poor quality lending especially on large loans, Subramanian said, loans
Ten questions for the MPC to consider – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ten-questions-for-the-mpc-to-consider/article34020827.ece As Monetary Policy Committee ponders on the inflation band, choice of indicators such as CPI/WPI and headline/core need a relook The RBI appears
PMC Bank suitors face additional capital rider; RBI board meet on March 19 | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/pmc-bank-suitors-face-additional-capital-rider-rbi-board-meet-on-march-19-121030900114_1.html Rs 750 cr needed to enable payout of over Rs 5 lakh per depositor Sources close to the PMC Bank transaction said that
ECGLS helps push MSME loan growth as of end Sept: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/ecgls-helps-push-msme-loan-growth-as-of-end-sept-report/articleshow/81347763.cmsSynopsis Private banks and public sector banks (PSB) have seen a surge in growth in the June and September quarters, while non-bank financial companies
Bad bank is a great initiative but can turn into an accounting gimmick unless foreign investors are brought in: K Balasubramanian, Citibank India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/interviews/bad-bank-is-a-great-initiative-but-can-turn-into-an-accounting-gimmick-unless-foreign-investors-are-brought-in-k-balasubramanian-citibank-india/articleshow/81341715.cmsSynopsis Bad bank is a great initiative and much needed for the country, with most public sector banks carrying a high level of non-performing
Loan restructuring: Should MSMEs opt for RBI’s one-time restructuring scheme – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/money/loan-restructuring-should-msmes-opt-for-rbis-one-time-restructuring-scheme/articleshow/81311056.cms SynopsisCan the one-time restructuring plan, supposed to be implemented by March 31, 2021, offer some breathing space for the Covid- battered MSME sector?
ICICI, HDFC, SBI will have to offload Rs 1.2 lakh cr if RBI caps stake in insurance arms: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/icici-hdfc-sbi-will-have-to-offload-rs-1-2-lakh-cr-if-rbi-caps-stake-in-insurance-arms-report/articleshow/81332755.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Quoting unnamed RBI officials, a media report earlier this week said the monetary authority is not comfortable with banks owning controlling stake
Right balance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/while-inflation-targeting-is-necessary-the-needs-of-growth-should-not-be-lost-sight-of/article33973485.ece While inflation targeting is necessary, the needs of growth should not be lost sight of There is little doubt that the experiment of
How to make the DFI model work – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-to-make-the-dfi-model-work/article33973533.ece A professional company staffed with personnel with superior project finance and credit appraisal skills is the need of the hour In her recent
YES Bank gets shareholders’ nod to raise Rs 10,000 crore – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/yes-bank-gets-shareholders-nod-to-raise-rs-10000-crore/2205662/ YES Bank MD and CEO Prashant Kumar had earlier said the board’s approval to raise Rs 10,000 crore was an enabling provision for
Inflation targeting: Current target band should be extended for 5 more years, says Niti Aayog vice-chairman Rajiv Kumar – The Financial Express
Clipped from: https://www.financialexpress.com/economy/inflation-targeting-current-target-band-should-be-extended-for-5-more-years-says-kumar/2205689/ India’s economy regained quite a lot of lost steam in the December quarter, to register a flat growth of 0.4% after two consecutive
Flipkart, Mastercard, Nabard and PayU to hold 30% in Tata NUE – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/flipkart-mastercard-nabard-and-payu-to-hold-30-in-tata-nue/articleshow/81321253.cmsSynopsis If it gets the RBI nod for a NUE licence, Tata’s new umbrella entity Ferbine may build a pan-India payment network similar to
Govt to hold at least 26% in DFI, offer guarantees – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/govt-to-hold-at-least-26-in-dfi-offer-guarantees/articleshow/81321231.cmsSynopsis The government is likely to have full ownership of the DFI to start with but over time may offer up to 74% stake
Amazon | Google: Amazon, Google, Facebook vie for piece of India’s digital payments market
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/amazon-google-facebook-vie-for-piece-of-indias-digital-payments-market/articleshow/81312380.cmsSynopsis The companies are part of four consortia preparing to apply for licenses to operate retail payments and settlement systems in the country, people
Extreme weather like floods, droughts, cyclones puts $84 billion of Indian banks debt at risk – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/extreme-weather-like-floods-droughts-and-cyclones-puts-84-billion-of-indian-banks-debt-at-risk/articleshow/81304657.cmsSynopsis SBI, HDFC Bank, IndusInd Bank and Axis Bank are among the institutions that reported climate risks to nonprofit environmental disclosure platform CDP in
RBI raises concerns over money-laundering checks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-raises-concerns-over-money-laundering-checks/articleshow/81298716.cmsSynopsis The Reserve Bank of India has raised concerns around these mechanisms for at least 50 entities, and asked them to complete these tasks
bad bank: Nine banks, two non-bank lenders to infuse Rs 7,000 crore in bad bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/nine-banks-two-non-bank-lenders-to-infuse-rs-7000-crore-in-bad-bank/articleshow/81264978.cms SynopsisEleven shareholders will hold just above 9% each initially, and this would mean that no single shareholder has more than 10% in promoting
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