Clipped from: https://www.thehindubusinessline.com/opinion/why-is-indian-banks-association-not-under-rti/article33934677.ece As a body representing banking industry, IBA’s claim that it’s only a voluntary body and not subject to oversight isn’t convincing Should the
Category: RBI–Banks
Proposed ARC will not ‘jeopardise’ existing players: RBI Guv Shaktikanta Das – The Financial Express
Clipped from: https://www.financialexpress.com/economy/proposed-arc-will-not-jeopardise-existing-players-rbi-guv-shaktikanta-das/2201880/ The governor said RBI has also sharpened and deepened its supervisory methods and is now going to deep dive into areas of banking
New ARC aimed at specific set of bad assets with PSBs: Das – The Financial Express
Clipped from: https://www.financialexpress.com/economy/new-arc-aimed-at-specific-set-of-bad-assets-with-psbs-das/2201946/ “So we have a precise idea of the build-up of stressed assets in banks and as soon as we see a sign of
bitcoin india: How can a digital currency from RBI change your world? An ex-UN expert decodes CBDC for you – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/how-can-a-digital-currency-from-rbi-change-your-world-an-ex-un-expert-decodes-cbdc-for-you/articleshow/81204657.cmsSynopsis Massimo Buonomo, who has over 20 years of experience in international finance, said the use of digital currency can eliminate the need for
India has space for another strong ARC led by banks: Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/india-has-space-for-another-strong-arc-led-by-banks-shaktikanta-das/articleshow/81206506.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Das also added that just like non-bank lenders the RBI was internally working on refining and strengthening guidelines governing asset reconstruction companies. Reserve
Bad bank may follow Swiss challenge method for price discovery of assets | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/bad-bank-may-follow-swiss-challenge-method-for-price-discovery-of-assets-121022500062_1.html Plan aimed at price discovery of assets; IBA working closely with FinMin, RBI Bad assets worth Rs 500 crore and above, against which
RBI should stop fretting over bond yields – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/rbi-should-stop-fretting-over-bond-yields/article33925921.ece?homepage=true The yield curve has risen in all countries in February. There’s no immediate threat to private borrowers from rising yields The RBI’s battle
Private banks need to win govt’s trust before vying for business | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/private-banks-need-to-win-govt-s-trust-before-vying-for-business-121022501099_1.html Post 2020’s YES Bank crisis, chunk of government business moved from private to public banks for ease of operation Photo: iStock The Nifty Bank
Keeping yields low when inflation is rising is risky – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/keeping-yields-low-when-inflation-is-rising-is-risky/2200631/ RBI risks losing credibility if it tries to keep bond yields low while, to contain inflation, it will be tightening policy Real interest
RBI rejects demand of online merchants to store customers’ credit card data – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/rbi-rejects-demand-of-online-merchants-to-store-customers-credit-card-data/articleshow/81211627.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “The regulator is of the view that merchants storing credit card data would cause cyber security risks to the consumer and they do
DHFL resolution: Company receives no objection from RBI, files application with NCLT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/dhfl-resolution-company-receives-no-objection-from-rbi-files-application-with-nclt/articleshow/81215494.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency
RBI’s new rules on maintaining credit or debit card details may lead to tokenisation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-rbis-new-rules-on-maintaining-credit-or-debit-card-details-may-lead-to-tokenisation/articleshow/81215720.cms Synopsis–Though RBI’s Master Direction on Digital Payment Security Control (bit.ly/3uqrjHj) reads like a hodgepodge pastiche of the Payment Card Industry Data Security Standard
Centre alerts banks on ‘slowdown’ in loans to street vendors | India News,The Indian Express
Clipped from: https://indianexpress.com/article/india/centre-alerts-banks-on-slowdown-in-loans-to-street-vendors-7201935/ In a letter to public sector banks, the Ministry of Housing and Urban Affairs has noted that “sanctions and disbursements” of loans for
Grooming PSBs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/grooming-psbs/article33915786.ece The Centre needs to tone up governance of public sector banks, before privatising them The Budget announcement on the proposed privatisation of two
RBI concerned over impact cryptocurrency may have on financial stability: Shaktikanta Das – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/rbi-concerned-over-impact-cryptocurrency-may-have-on-financial-stability-shaktikanta-das/article33923728.ece “We have certain major concerns about cryptocurrencies. We have communicated them to the government,” said RBI Governor Shaktikanta Das The Reserve Bank of
Bankers fear spike in NPAs from Mudra loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bankers-fear-spike-in-npas-from-mudra-loans/articleshow/81192897.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Bankers say that the Supreme Court moratorium over classifying loans as non performing assets (NPAs) has so far kept defaults under wraps, even
Amazon-ICICI Bank-Axis Bank ready with NUE plan to rival UPI–the economic times
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/amazon-icici-bank-axis-bank-ready-with-nue-plan-to-rival-npci-upi/articleshow/81181363.cmsSynopsis Along with ICICI Bank and Axis Bank, Amazon has also partnered with fintech startups Pine Labs and BillDesk to set a ‘New Umbrella
Message from market | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/message-from-market-121022301631_1.html RBI must be mindful of inflation risks of higher borrowing All is not well in the Indian bond market. The Reserve Bank of India (RBI),
Efforts on to make 5,000 MSME clusters under SFURTI scheme: Nitin Gadkari – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/efforts-on-to-make-5000-msme-clusters-under-sfurti-scheme-nitin-gadkari/articleshow/81164649.cmsSynopsis SFURTI (Scheme of Fund for Regeneration of Traditional Industries) offers incentives such as skill development, capacity building, creation of facilities such as common
Domestic fintech lenders gain business as Google cleans up China-backed apps – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/domestic-fintech-lenders-gain-business-as-google-cleans-up-china-backed-apps/articleshow/81156156.cms SynopsisMost domestic fintech lenders that ET spoke with said that their business rose 20-40% month-on-month since December, when the crackdown started. Recently, Google
aniltikotekar4sme.com 