Category: RBI–Banks
*****Indian banks’ credit cost key monitorable for foreseeable future, Fitch Ratings official says – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/indian-banks-credit-cost-key-monitorable-for-foreseeable-future-fitch-ratings-official-says/article69135783.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/indian-banks-credit-cost-key-monitorable-for-foreseeable-future-fitch-ratings-official-says/article69135783.ece Credit costs play a critical profitability factor for Indian banks, as evidenced during the last major asset quality downturn, and will remain
*Financial institutions need to have another aggregator to protect them from frauds: DFS Secy Nagaraju – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/financial-institutions-need-to-have-another-aggregator-to-protect-them-from-frauds-dfs-secy-nagaraju/article69136275.ece That financial institutions need to remain vigilant, upskill their employees, and put in efforts to maintain customer trust and institutional stability In the
*******RBI asks banks to uses tool that identifies phone numbers to curb fraud | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/rbi-asks-banks-to-uses-tool-that-identifies-phone-numbers-to-curb-fraud-125012400390_1.html Regulator asks financial institutions to use special number series for promotional voice calls The Reserve Bank of India (RBI) has issued new guidelines for banks,
Ombudsman disposed of 95% of complaints received in FY24, says RBI | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/ombudsman-disposed-of-95-of-complaints-received-in-fy24-says-rbi-125012401605_1.html Complaints against banks and NBFCs represented 82.28 per cent and 14.53 per cent of the total complaints, respectively. Loans, advances formed the largest
*Punjab & Sind Bank to launch cash-flow based digital MSME loan offering by month-end – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/punjab-sind-bank-to-launch-cash-flow-based-digital-msme-loan-offering-by-month-end/article69105363.ece With a game-changing new ₹25 lakh MSME loan product, and expanded digital offerings, PSB aims to strengthen its digital-friendly image, says MD&CEO Swarup
*Interest coverage ratio of unlisted cos at 30-year high, shows data
Clipped from: https://www.business-standard.com/companies/news/interest-coverage-ratio-of-unlisted-cos-at-30-year-high-shows-data-125010901165_1.html Uptick in FY24 mirrors similar trend in the listed space. The second of a 3-part series on unlisted firms’ financials looks at their
*Recovery agents are in demand as banks’ unsecured loan stress rises | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/recovery-agents-are-in-demand-as-banks-unsecured-loan-stress-rises-125010901107_1.html In July 2024, the total strength of outsourced staff in the BFSI (banking, financial services, and insurance) space was 77,000, out of which
***RBI releases master direction on reporting of customers credit information | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/rbi-releases-master-direction-on-reporting-of-customers-credit-information-125010600809_1.html As per the master direction, credit information companies (CICs) will have to send alerts through SMS/ email to customers when their Credit Information
*RBI added 8 tonnes gold to its reserves in November 2024: WGC report | Commodities – Business Standard
Clipped from: https://www.business-standard.com/markets/commodities/rbi-added-8-tonnes-gold-to-its-reserves-in-november-2024-wgc-report-125010600894_1.html In 2024, central banks – mostly those from emerging markets – remained keen buyers of gold, driven by the need for a stable
Bank credit to MSMEs 15% of non-food credit: RBI data – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-bank-credit-to-msmes-15-of-non-food-credit-rbi-data-3706691/ Credit deployed to MSMEs in November was 15.5 per cent of Rs 170 lakh crore in non-food credit of scheduled commercial banks. Within
***Preparing for Trump 2.0 – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/preparing-for-trump-2-0/3706947/ India needs a proper strategy to respond to the US President-elect’s threats on tariffs. India must ensure that it does not miss out
आवश्यक *******Cutting policy rate, CRR: How much impact do they have? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/cutting-policy-rate-crr-how-much-impact-do-they-have/article69058497.ece Impact of long term or short term interest rates on various segments of investment is not fully understood The monetary policy decision announced
*****Rupee worries – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rupee-worries/article69057945.ece RBI should review strategy on containing rupee volatility The rupee has been creating headlines in recent weeks, recording lifetime lows every other day.
*****Orderly rupee depreciation should be allowed | Editorial Comment – Business Standard
Clipped from: https://www.business-standard.com/opinion/editorial/a-flexible-approach-orderly-rupee-depreciation-should-be-allowed-125010201033_1.html The rupee has a lot of catching up to do because its slide has been postponed when compared to its peer currencies and
***Banking credit growth to remain subdued around 10% for FY26: ICRA | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/banking-credit-growth-to-remain-subdued-around-10-for-fy26-icra-125010200935_1.html The capital ratios of several banks remain comfortable, and no major growth-related capital requirement is expected for FY26, it said The implementation of
Why inflation will matter more in 2025: Explained – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/why-inflation-will-matter-more-in-2025-explained/article69036952.ece What have the Q2 of 2024-25 GDP numbers revealed? How are soaring food prices impacting the situation? Why couldn’t the RBI effect interest
High employee attrition of 25% in private banks pose operational risk: RBI | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/high-employee-attrition-of-25-in-private-banks-pose-operational-risk-rbi-124122900347_1.html Employee attrition rates are high across select private sector banks and small finance banks (SFBs), the report, which was released by the Reserve
👍Credit and deposit grow at 11.5% in fortnight ending Dec 13: RBI data | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/credit-and-deposit-grow-at-11-5-in-fortnight-ending-dec-13-rbi-data-124122700944_1.html Credit growth in the economy, which had previously been driven primarily by retail credit, has tapered off from its peak Credit growth gained
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