Clipped from: https://www.thehindu.com/news/cities/chennai/online-loan-racket-in-chennnai-busted-two-arrested/article34044648.ece The fraudsters run fake call centres, and scam people into transferring money to them online on the pretext of processing loans, police said
Category: RBI–Banks
Large Indian lenders seek time on standing instructions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-seek-time-on-standing-instructions/articleshow/81381522.cms Synopsis–Banks have also requested RBI to exclude transactions against pre-existing standing instructions and those with international merchants from the new conditions for e-mandates
Bank privatisation as an experiment | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/bank-privatisation-as-an-experiment-121031101402_1.html The government must test the efficacy of privatising two banks first before going the whole hog Say this for the proposed move to
With no PCA overhang, IDBI Bank expects to grow loans at 8%-10% in FY22 | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/with-no-pca-overhang-idbi-bank-expects-to-grow-loans-at-8-10-in-fy22-121031101168_1.html Corporate credit back on the lender’s agenda; RBI to review the lender’s performance each quarter for 1 year IDBI Bank Freed from the
HSBC banks on NRI, wealth management in fresh retail charge – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/hsbc-banks-on-nri-wealth-management-in-fresh-retail-charge/articleshow/81451756.cms SynopsisIndia CEO Surendra Rosha said the bank will enhance its product capabilities and invest in digitisation of its retail offering as it seeks
Liquidation an outcome of market forces: IBBI chairperson M S Sahoo | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/liquidation-an-outcome-of-market-forces-ibbi-chairperson-m-s-sahoo-121031000046_1.html Sahoo was responding to the criticism that only 25 per cent of IBC cases end up in resolution while the remaining get liquidated
Lenders ‘can’t be asleep’, must suffer compensation cut for bad loans: CEA | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/lenders-can-t-be-asleep-must-suffer-compensation-cut-for-bad-loans-cea-121030900761_1.html Ever-greening and zombie loans lead to sub-optimal capital allocation, says Chief Economic Advisor. Chief Economic Advisor K V Subramanian Senior management of lenders
Special insolvency relief framework for Covid-hit MSMEs in the works | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/special-insolvency-relief-framework-for-covid-hit-msmes-in-the-works-121031000069_1.html Such firms may be allowed to opt for pre-packaged deal The provisions under consideration include allowing MSMEs to opt for pre-package deals by
Calibrating PSL with new banks – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/calibrating-psl-with-new-banks/2209461/ Repetitive priority sector lending (PSL) shortfall needs to be channelised to, for instance, infrastructure effectively PSL directions last revised in September 2020, require
RBI withdraws corrective restrictions on IDBI Bank with riders*-business today
Clipped from: https://www.businesstoday.in/sectors/banks/rbi-withdraws-corrective-restrictions-on-idbi-bank-with-riders/story/433524.html RBI said IDBI Bank has provided a written commitment that it would comply with the norms of minimum regulatory capital, net NPA and
Given the limitations of monetary policy, a fiscal push is crucial for sustained growth recovery–indian express
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
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
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