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
Category: RBI–Banks
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
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
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