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
Category: RBI–Banks
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
Attracting ‘new money’ will be a challenge for the ARC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/attracting-new-money-will-be-a-challenge-for-the-arc/article33957326.ece Book building for the new ARC may be easy, but its success will depend on the ability to develop a vibrant distressed debt
Will the bad bank appeal to everybody’s palate? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/will-the-bad-bank-appeal-to-everybodys-palate/article33957323.ece For it to take wings, design issues must be sorted out – the final structure holds key for it to succeed in a
“The business was built on equity and public deposits” – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/the-business-was-built-on-equity-and-public-deposits/article33955753.ece Managing Director TT Srinivasaraghavan on what made Sundaram Finance a household name in Chennai It’s just after 3 pm when TT Srinivasaraghavan (TTS)
Have women reaped the benefit of financial inclusion schemes? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/deep-dive/have-women-reaped-the-benefit-of-financial-inclusion-schemes/article33956360.ece Participation is low in insurance and pension schemes but high in schemes giving loans When Sanjay lost his job in a private company
IDBI Bank to set-off accumulated losses after declaring Q4 FY21 results – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/idbi-bank-to-set-off-accumulated-losses-after-declaring-q4-fy21-results/article33954207.ece IDBI Bank is planning to set off accumulated losses of about Rs 44,500 crore against the balance standing to the credit of the
Throw bathwater, RBI, not the baby–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/throw-bathwater-rbi-not-the-baby/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The Reserve Bank of India’s (RBI) reported rule
How the government can truly make India’s state-run banks efficient just like their private sector peers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-how-the-government-can-truly-make-indias-state-run-banks-efficient-just-like-their-private-sector-peers/articleshow/81261101.cmsSynopsis Since financial institutions are within the administrative control of the finance ministry, these will no doubt have early implementation. There have also been
Small-savings inflows are down to a trickle – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/small-savings-inflows-are-down-to-a-trickle/article33950772.ece Collections seen inching up by 3% y-o-y in FY21 on falling rates, rising equities Growth in collections in post office small-savings schemes is
Small loans, big stakes: Why MSMEs are banking on fintech lenders | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/small-loans-big-stakes-why-msmes-are-banking-on-fintech-lenders-121021601359_1.html Speed and flexibility to cater to a wider segment of small borrowers are tilting market in their favour What’s helping new-age lenders outdo
Reliance partners Google, Facebook in seeking NUE licence from RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/reliance-partners-google-facebook-in-seeking-nue-licence-from-rbi/articleshow/81237979.cmsSynopsis The new umbrella entity (NUE) will be jointly promoted by a Reliance unit and Infibeam Avenues’ So Hum Bharat, while Facebook and Google
Which financial ratios tell you best about the health of a bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/which-financial-ratios-tell-you-best-about-the-health-of-a-bank/articleshow/81240691.cmsSynopsis Before jumping in to understand how to analyze bank stocks, one needs to understand the business model of banks and how they make
RBI imposes Rs 2 crore fine on Bank of Maharashtra – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-imposes-rs-2-crore-fine-on-bank-of-maharashtra/2202877/ This penalty has been imposed in exercise of powers vested in the RBI under the Banking Regulation Act, 1949. The regulator said it
Five cautions against money-lending apps – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/big-story/five-cautions-against-money-lending-apps/article33535431.ece Digital money-lending platforms may be hassle-free and convenient, but look before you leap Digital platforms claiming to offer hassle-free loans to individuals, small
A monetary policy that strikes a chord with fisc – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/a-monetary-policy-that-strikes-a-chord-with-the-fisc/article33762050.ece Holding steady The central bank keeping a ‘hold’ on rates was widely anticipated – PAUL NORONHA Holding steady The central bank keeping a
Banking on cybersecurity: RBI’s new rules for digital transactions a step forward – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/banking-on-cybersecurity-rbis-new-rules-for-digital-transactions-a-step-forward/2199851/ The master direction on digital payment security controls, released last week, casts a wide net. The Reserve Bank of India has, therefore, done
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