Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/time-to-expand-the-role-of-cat-bonds/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The budget announcement raising the foreign direct investment
Category: RBI–Banks
Cryptocurrencies are neither currency nor commodity; will bring bill soon: Anurag Thakur–business today
Clipped from: https://www.businesstoday.in/current/corporate/cryptocurrencies-are-neither-currency-nor-commodity-will-bring-bill-soon-anurag-thakur/story/430725.html Thakur says existing laws are inadequate to deal with issue of digital currencies, which is why Centre has formed an inter-ministerial panel, and
Will RBI take backdoor entry into digital currency? | Deccan Herald
Clipped from: https://www.deccanherald.com/business/will-rbi-take-backdoor-entry-into-digital-currency-949622.html The rise of cryptocurrencies and Facebook Inc.’s Libra initiative, now known as Diem, have made authorities sit up and take note By Andy
Banking disclosure: Playing Jekyll and Hyde: Some banks are not disclosing their overdue-loans data, and that is a worry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/playing-jekyll-and-hyde-some-banks-are-not-disclosing-their-overdue-loans-data-and-that-is-a-worry/primearticleshow/80796450.cms SynopsisThough the business between a customer and a bank is transactional, many customer-first banks like to treat it as a relationship. What happens
Rebooting Economy 66: Is India facing credit deprivation to warrant corporation banks?–business today
Clipped from: https://www.businesstoday.in/opinion/columns/rebooting-economy66-is-india-facing-credit-deprivation-to-warrant-corporation-banks/story/430868.html RBI’s database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses
Inflation: India inflation staying above 6% seen as risk to rates path – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/india-inflation-staying-above-6-seen-as-risk-to-rates-path/articleshow/80846143.cmsSynopsis Any rate hike proposed as a remedy risks snuffing out a nascent recovery in Asia’s third-largest economy, the person said. India’s central bank
Bad bank to deepen IBC use; special insolvency framework for MSMEs in the works: IBBI chairman Sahoo – The Financial Express
Clipped from: https://www.financialexpress.com/industry/bad-bank-to-deepen-ibc-use-special-insolvency-framework-for-msmes-in-the-works-ibbi-chairman-sahoo/2191058/ MS Sahoo, the chief of the insolvency regulator IBBI, explains why the Budget proposals for a special insolvency framework for MSMEs as well
Yes Bank CEO says foreign firms keen to invest in proposed asset reconstruction arm – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-ceo-says-foreign-firms-keen-to-invest-in-proposed-asset-reconstruction-arm/articleshow/80784930.cmsSynopsis “There has been lot of interest from foreign investors for our ARC business. We are likely to put in initial capital of 10
Adar Poonawalla to own Magma FinCorp via equity infusion – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/adar-poonawalla-to-own-magma-fincorp-via-equity-infusion/articleshow/80791361.cmsSynopsis The preferential allotment is for an aggregate value of Rs. 3,456 crores, subject to shareholders’ and other regulatory approvals, the company said. Adar
NeoGrowth Credit launches Vendor Finance Express for SMEs — SME–The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/neogrowth-credit-launches-vendor-finance-express-for-smes/articleshow/80781609.cmsSynopsis The product is document light with no demand for invoices as part of documentation hence, making the application process hassle free for the
Nearly 70K women borrowers get credit guarantee under Modi govt’s flagship MSME support scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-cgtmse-nearly-70k-women-borrowers-get-credit-guarantee-under-modi-govts-flagship-msme-support-scheme/2192094/ Credit and Finance for MSMEs: The loan accounts approved during FY20 for women entrepreneurs under CGTMSE to support their business expansion and growth
Return of DFIs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/return-of-dfis/article33794397.ece?homepage=true Setting up a development financial institution is a good idea, but past errors should be avoided The Centre is banking on long-term infrastructure
Old wine, new bottle | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/old-wine-new-bottle-121020901964_1.html New DFI should not just be a bailout of the old One of the important announcements in this year’s Union Budget was the
CEA to bankers: If you want books in order then let your ‘karma’ be driven by your ‘dharma’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/cea-to-bankers-if-you-want-books-in-order-then-let-your-karma-be-driven-by-your-dharma/2191482/ CEA Krishnamurthy V Subramanian was delivering the 11th R K Talwar memorial lecture organised by the Indian Institute of Banking and Finance. It
Pro forma gross NPAs of 17 banks estimated to be Rs 7 lakh crore – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/pro-forma-gross-npas-of-17-banks-estimated-to-be-rs-7-lakh-crore/2191468/ This implies Rs 1.04 lakh crore of bad loans in the system, which is yet to be recognised by the banks. The apex
Why SBI share rose 42% in seven sessions- -business today
Clipped from: https://www.businesstoday.in/markets/company-stock/why-sbi-share-rose-42-in-seven-sessions/story/430750.html Today, SBI shares traded 1.66% higher at the day’s high of Rs 403.45 against the last close of Rs 396.85. SBI stock opened
Rebooting Economy 65: IBC has failed; will a bad bank succeed?–business today
Clipped from: https://www.businesstoday.in/opinion/columns/rebooting-economy-65-ibc-has-failed-will-a-bad-bank-succeed/story/430537.html At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also
‘Bad bank could help PSBs focus on growth’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bad-bank-could-help-psbs-focus-on-growth-say-experts/articleshow/80758314.cms SynopsisAccording to experts, systemic corporate stress is in the range of Rs 5-6 lakh crore, out of which Rs 4 lakh crore is
What is a National Bad Bank and how it will work? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/what-is-a-national-bad-bank-and-how-it-will-work/articleshow/80757961.cms SynopsisBankers estimate the new ARC will require a capital of at least Rs 15,000 crore as that could enable it to buy bad
Covid-hit MSMEs shutdown: Nitin Gadkari says no data maintained by government due to this reason – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-covid-hit-msmes-shutdown-nitin-gadkari-says-no-data-maintained-by-government-due-to-this-reason/2191127/ Ease of Doing Business for MSMEs: 88 per cent of the PMEGP beneficiaries reported that they were negatively affected, according to a KVIC
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