Clipped from: https://economictimes.indiatimes.com/news/economy/policy/psb-privatisation-npa-hive-off-staff-transfers-being-considered/articleshow/81140877.cmsSynopsis The government is likely to consider only banks that were not part of the recent consolidation, which would exclude Punjab National Bank, Bank
Category: RBI–Banks
The changing face of monetary intervention – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-changing-face-of-monetary-intervention/article33895997.ece The Reserve Bank of India has injected adequate liquidity into the system – BusinessLine The Reserve Bank of India has injected adequate liquidity
How to revive PMC Bank | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/how-to-revive-pmc-bank-121022100696_1.html Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank’s revival is a challenge very different from
PSB privatisation: NPA hive-off, staff transfers being considered – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/psb-privatisation-npa-hive-off-staff-transfers-being-considered/articleshow/81140877.cmsSynopsis The government is likely to consider only banks that were not part of the recent consolidation, which would exclude Punjab National Bank, Bank
Consortium of investors put in joint bid to acquire PMC Bank–business today
Clipped from: https://www.businesstoday.in/current/corporate/consortium-of-investors-put-in-joint-bid-to-acquire-pmc-bank/story/431837.html PMC Bank bid: The potential consortium of investors includes Germany-based Alfa Pharma GmbH, Investment Fund (Mauritius), NexPact (Mauritius), Global Com Fin Investment LLC
Whose advice should Finance Minister Nirmala Sitharaman follow – RBI or Chief Economic Advisor?
Clipped from: https://www.businesstoday.in/current/economy-politics/whose-advice-should-finance-minister-nirmala-sitharaman-follow—rbi-or-chief-economic-advisor/story/431783.html The RBI working paper co-authored by RBI Deputy Governor Michael Debabrata Patra, who is also a member of the six-member monetary policy committee
Jet Airways’ revival plan is facing heavy headwinds. But the real turbulence will start once airborne. – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/transportation/jet-airways-revival-plan-is-facing-heavy-headwinds-but-the-real-turbulence-will-start-once-airborne-/primearticleshow/81096731.cms SynopsisDespite all the hurdles it faces, an airline with a cleaned-up balance sheet will be more attractive to foreign investors in the short-term
MSME credit up on Govt guarantee – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-credit-up-on-govt-guarantee/articleshow/81102724.cmsSynopsis The highest year-on-year growth of 9% was seen in the category of small businesses with a loan exposure of between Rs 10 lakh
Smart ways to make your credit cards work for you – The Financial Express
Clipped from: https://www.financialexpress.com/money/smart-ways-to-make-your-credit-cards-work-for-you/2198009/ Many Indians are not aware if used correctly what an important financial tool credit card can be. Usually, a lot of people use
Start with smaller banks | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/start-with-smaller-banks-121021601461_1.html Govt must have a clear road map for PSB privatisation The government has reportedly shortlisted four mid-sized to small public sector banks (PSBs),
Banks under Directions: Govt, RBI working on allowing depositors withdraw up to ₹5 lakh – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-under-directions-govt-rbi-working-on-allowing-depositors-withdraw-up-to-5-lakh/article33868465.ece At present, when a bank is placed under Directions, deposit withdrawals are capped and it ranges from ₹1,000 to ₹1 lakh of the
Karnataka Bank reports Rs 34.16-crore fraud to RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/view-why-indian-cos-should-put-their-reputations-at-stake/articleshow/81115693.cms Synopsis–By documenting and publicising the narratives around their legacies, companies are indirectly committing themselves to guard their reputation and heritage from getting tampered.
Supreme Court says banks must inform locker holders in writing before breaking them open – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/supreme-court-says-banks-must-inform-locker-holders-in-writing-before-breaking-them-open/articleshow/81112955.cmsSynopsis Breaking open a locker without following the legal procedure would be construed as gross negligence on the part of the bank, a top
Banks under Directions: Govt, RBI working on allowing depositors withdraw up to ₹5 lakh – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-under-directions-govt-rbi-working-on-allowing-depositors-withdraw-up-to-5-lakh/article33868465.ece At present, when a bank is placed under Directions, deposit withdrawals are capped and it ranges from ₹1,000 to ₹1 lakh of the
Small business lender U GRO Capital expands to unorganised micro businesses; to lend up to Rs 15 lakh – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/small-business-lender-u-gro-capital-expands-to-unorganised-micro-businesses-to-lend-up-to-rs-15-lakh/2197585/ Credit and Finance for MSMEs: U GRO also announced the expansion of its distribution network by adding 25 branches across Karnataka, Tamil Nadu,
Flipkart to help this state’s small businesses, artisans sell online; to offer incubation, training, more – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-flipkart-to-help-this-states-small-businesses-artisans-sell-online-to-offer-incubation-training-more/2197607/ Technology for MSMEs: Tamil Nadu had recently announced its MSME Policy 2021 and set a target to attract new investments worth Rs 2
Bank of Maharashtra partners with Vayana Network to offer help MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/bank-of-maharashtra-partners-with-vayana-network-to-offer-help-msmes/articleshow/81085569.cmsSynopsis Vayana Network connects corporates and their trade ecosystems to provide digital, convenient and affordable access to credit for their payables and receivables. PUNE:Bank
Funding and MSMEs: Can banks & fintech together address the credit gap for small businesses? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/funding-and-msmes-can-banks-fintech-together-address-the-credit-gap-for-small-businesses/articleshow/81087510.cmsSynopsis With the COVID 19 pandemic disrupting economic activities worldwide, the role of fintech, banks, and NBFCs in powering small businesses in the post-pandemic
Government’s initiatives brings back loan growth to pre-Covid levels – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/governments-initiatives-brings-back-loan-growth-to-pre-covid-levels/articleshow/81094227.cmsSynopsis Enquiries by borrowers rose 13 per cent year-on-year as of December’20 with lending growth largely being driven by the MSME segment. The total
Banks eye bigger home loan pie as housing finance companies face challenges – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-eye-bigger-home-loan-pie-as-housing-finance-companies-face-challenges/articleshow/80993379.cms Synopsis–Lenders led by State Bank of India (SBI) and ICICI Bank have increased focus on home loans especially to salaried individuals as easy
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