Clipped from: https://www.thehindubusinessline.com/opinion/columns/rbi-should-stop-fretting-over-bond-yields/article33925921.ece?homepage=true The yield curve has risen in all countries in February. There’s no immediate threat to private borrowers from rising yields The RBI’s battle
Category: RBI–Banks
Private banks need to win govt’s trust before vying for business | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/private-banks-need-to-win-govt-s-trust-before-vying-for-business-121022501099_1.html Post 2020’s YES Bank crisis, chunk of government business moved from private to public banks for ease of operation Photo: iStock The Nifty Bank
Keeping yields low when inflation is rising is risky – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/keeping-yields-low-when-inflation-is-rising-is-risky/2200631/ RBI risks losing credibility if it tries to keep bond yields low while, to contain inflation, it will be tightening policy Real interest
RBI rejects demand of online merchants to store customers’ credit card data – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/rbi-rejects-demand-of-online-merchants-to-store-customers-credit-card-data/articleshow/81211627.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “The regulator is of the view that merchants storing credit card data would cause cyber security risks to the consumer and they do
DHFL resolution: Company receives no objection from RBI, files application with NCLT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/dhfl-resolution-company-receives-no-objection-from-rbi-files-application-with-nclt/articleshow/81215494.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency
RBI’s new rules on maintaining credit or debit card details may lead to tokenisation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-rbis-new-rules-on-maintaining-credit-or-debit-card-details-may-lead-to-tokenisation/articleshow/81215720.cms Synopsis–Though RBI’s Master Direction on Digital Payment Security Control (bit.ly/3uqrjHj) reads like a hodgepodge pastiche of the Payment Card Industry Data Security Standard
Centre alerts banks on ‘slowdown’ in loans to street vendors | India News,The Indian Express
Clipped from: https://indianexpress.com/article/india/centre-alerts-banks-on-slowdown-in-loans-to-street-vendors-7201935/ In a letter to public sector banks, the Ministry of Housing and Urban Affairs has noted that “sanctions and disbursements” of loans for
Grooming PSBs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/grooming-psbs/article33915786.ece The Centre needs to tone up governance of public sector banks, before privatising them The Budget announcement on the proposed privatisation of two
RBI concerned over impact cryptocurrency may have on financial stability: Shaktikanta Das – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/rbi-concerned-over-impact-cryptocurrency-may-have-on-financial-stability-shaktikanta-das/article33923728.ece “We have certain major concerns about cryptocurrencies. We have communicated them to the government,” said RBI Governor Shaktikanta Das The Reserve Bank of
Bankers fear spike in NPAs from Mudra loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bankers-fear-spike-in-npas-from-mudra-loans/articleshow/81192897.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Bankers say that the Supreme Court moratorium over classifying loans as non performing assets (NPAs) has so far kept defaults under wraps, even
Amazon-ICICI Bank-Axis Bank ready with NUE plan to rival UPI–the economic times
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/amazon-icici-bank-axis-bank-ready-with-nue-plan-to-rival-npci-upi/articleshow/81181363.cmsSynopsis Along with ICICI Bank and Axis Bank, Amazon has also partnered with fintech startups Pine Labs and BillDesk to set a ‘New Umbrella
Message from market | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/message-from-market-121022301631_1.html RBI must be mindful of inflation risks of higher borrowing All is not well in the Indian bond market. The Reserve Bank of India (RBI),
Efforts on to make 5,000 MSME clusters under SFURTI scheme: Nitin Gadkari – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/efforts-on-to-make-5000-msme-clusters-under-sfurti-scheme-nitin-gadkari/articleshow/81164649.cmsSynopsis SFURTI (Scheme of Fund for Regeneration of Traditional Industries) offers incentives such as skill development, capacity building, creation of facilities such as common
Domestic fintech lenders gain business as Google cleans up China-backed apps – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/domestic-fintech-lenders-gain-business-as-google-cleans-up-china-backed-apps/articleshow/81156156.cms SynopsisMost domestic fintech lenders that ET spoke with said that their business rose 20-40% month-on-month since December, when the crackdown started. Recently, Google
Unsecured loans come back to haunt private banks after 13-year gap | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/unsecured-loans-come-back-to-haunt-private-banks-after-13-year-gap-121022200670_1.html ICICI Bank, Axis, among others see rise ‘proforma’ slippages in Q3 Banks are again facing stress in the unsecured loan segment, after a
Too much prudence with bad loans is bad–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/too-much-prudence-with-bad-loans-is-bad/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The reported proposal for banks to sell only
NPA: Transferring sticky loans: Fully provided NPAs may go to proposed bad bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/fully-provided-npas-may-go-to-proposed-bad-bank/articleshow/81143764.cmsSynopsis About a dozen lenders, including some of the large state-owned entities, such as Rural Electrification Corporation and Power Finance Corporation, would be approached
Bank 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
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
