Clipped from: https://www.thehindubusinessline.com/money-and-banking/axis-bank-looks-to-strengthen-position-in-insurance-sector/article34067261.ece?homepage=true Signs agreements for 9.9% stake in Fettle Tone, promoter of Max Bupa Health Insurance In a bid to further consolidate its position in
Category: RBI–Banks
Fine-tuning flexible inflation targeting – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fine-tuning-flexible-inflation-targeting/article34067733.ece?homepage=true There should be a switch in target from headline to core CPI. And, the basket and its weights should be updated frequently Possible
When will SC status quo on bank loans end? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/when-will-sc-status-quo-on-bank-loans-end-121031400872_1.html If it continues, wary of borrowers’ opportunism and distorted credit discipline, banks may not come forward to lend even if we shout ourselves
‘Drastic changes’ in monetary policy framework can upset bond market, warns Raghuram Rajan–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/drastic-changes-in-monetary-policy-framework-can-upset-bond-market-warns-raghuram-rajan/story/433806.html Rajan, also a noted economist, opined that the government’s ambitious target to make India a USD 5-trillion economy by 2024-25 was “more aspirational,
Maintain the status quo | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/maintain-the-status-quo-121030401665_1.html The current inflation target has worked well The inflation target of 4 per cent with a lower and upper tolerance level of 2
Important to let PSU banks reNUE their technology – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/important-to-let-psu-banks-renue-their-technology/2208091/ Since access to new technology will be critical to their success, PSU banks must be allowed to be part of NUEs If we
ICICI, HDFC, SBI will have to offload Rs 1.2 lakh cr if RBI caps stake in insurance arms: Report – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/icici-hdfc-sbi-will-have-to-offload-rs-1-2-lakh-cr-if-rbi-caps-stake-in-insurance-arms-report/2206498/ Almost all state-run banks and large private sector banks also have unlisted life and non-life insurance ventures. It was also reported that the
Syncing traditional banks with their ‘challengers’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/syncing-traditional-banks-with-their-challengers/article33990976.ece Traditional banks and smaller ‘new-age’ banks have much to gain by joining hands The emergence of challenger banks over the last decade has
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
Loan-book fraud: Former Religare MD named beneficiary of ₹34 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/loan-book-fraud-former-religare-md-named-beneficiary-of-34-crore/article33991222.ece The Economic Offences Wing (EOW) of the Delhi Police has named Sunil Godwani, former MD of financial services firm Religare Enterprises, as the
Google Pay app to give more controls to users – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/google-pay-app-to-give-more-controls-to-users/article34045614.ece Google said on Thursday that starting next week Google Pay’s app settings will provide users with more controls to decide how their activity
Dealing with stressed business assets: Giving up on time is a smart strategy – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-dealing-with-stressed-business-assets-giving-up-on-time-is-a-smart-strategy/2208738/ Ease of Doing Business for MSMEs: The situation of stressed assets is hardly surprising, given the economy’s stressed assets had quadrupled from $26
Amazon infuses Rs 225 crore into India payments unit – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/amazon-infuses-rs-225-crore-into-india-payments-unit/2211237/ Amazon has infused over Rs 225 crore into its payments unit in India, Amazon Pay, according to regulatory documents. Amazon has been pumping
Proposed bad bank can only be used as a one-time tool to clean up banks’ balance sheet: CEA KV Subramanian – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/proposed-bad-bank-can-only-be-used-as-a-one-time-tool-to-clean-up-banks-balance-sheet-cea-kv-subramanian/articleshow/81484162.cmsSynopsis The Union Budget for FY22 proposed the setting up of a bad bank in the form of an asset reconstruction company or an
Community-focused banks face existential crises over a lack of capital cushion and inadequate oversight – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/co-operative-banks-face-existential-crises-over-a-lack-of-capital-cushion-and-inadequate-oversight/articleshow/81485825.cms Synopsis–Currently, community banking only exists in some rudimentary form among cooperative banks. But these too face existential crises. Lack of adequate capital, ill-equipped
Some mistakes India must avoid this time to make DFIs a success | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/bs-reads-some-mistakes-india-must-avoid-this-time-to-make-dfis-a-success-121021700257_1.html Now that DFIs are making a comeback, three key issues will be crucial for their success -the availability of long-term funds at a
Watch out for MSME risk build-up amid Covid-19 pandemic, says report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/watch-out-for-msme-risk-build-up-amid-covid-19-pandemic-says-report-121021801579_1.html The default rates in September 2020 remained stable at 12.1 per cent, a level also seen in September 2019 The micro units have
Financial sector growth has been slow: CEA Krishnamurthy Subramanian | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/financial-sector-growth-has-been-slow-cea-krishnamurthy-subramanian-121030501462_1.html He said the Budget has made a significant push towards reforming the financial sector and adding vitality to it CEA Krishnamurthy Subramanian The
RBI asks lenders to report restructured accounts to credit bureaus – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-asks-lenders-to-report-restructured-accounts-to-credit-bureaus/2211524/ The uniform credit reporting format has two annexes. Annex-I contains two formats for credit reporting – consumer bureau and commercial bureau, whereas annex-II
Whatever banks are reporting does not present the full picture: Saswata Guha, Fitch Ratings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/whatever-banks-are-reporting-does-not-present-the-full-picture-saswata-guha-fitch-ratings/articleshow/81466653.cmsSECTIONSWhatever banks are reporting does not present the full picture: Saswata Guha, Fitch RatingsLast Updated: Mar 12, 2021, 04:09 PM ISTSynopsis Not everything that