Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/mastercard-launches-resource-site-to-support-digital-transformation-of-smes-in-asia-pacific/articleshow/80344750.cmsSynopsis To enhance the resources for SMEs, Mastercard has joined forces with website builder Wix and Zoho, a cloud solutions provider. To help small
Category: RBI–Banks
eclgs scheme: Eight months after its roll out, Government’s Rs 3-lakh crore ECLG scheme helped some, bypassed other – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/eight-months-after-its-roll-out-governments-rs-3-lakh-crore-eclg-scheme-helped-some-bypassed-other/articleshow/80359278.cms SynopsisFor Covid-stricken small businesses, the ECLG scheme was to be a savior. After eight months, the results may be mixed. On May 13,
Stressed & moribund: To understand the fundamental problem with SMEs, look at the owners – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/stressed-moribund-to-understand-the-fundamental-problem-with-smes-look-at-the-owners/articleshow/80328850.cmsSynopsis A typical SME does not have innovative or unique products for which it can charge a price premium. It does not have the
SOLV launches of ‘Buy Now, Pay Later’ for MSME Sector – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/solv-launches-of-buy-now-pay-later-for-msme-sector/articleshow/80324917.cmsSynopsis BNPL is helping SOLV further reinforce trust on the platform as it meets the needs of both parties – sellers who want to
TreD push – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/trade-receivables-and-discounting-system-players-could-do-with-trade-credit-insurance/article33594602.ece Trade Receivables and Discounting System players could do with trade credit insurance The Trade Receivables and Discounting System (TreDs), begun in 2014, has
Banking on the middle ground – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/banking-on-the-middle-ground/article33594391.ece The book is long on analysis but short on solutions This is a well thought out, neutral book by someone who is both
Road ahead for co-operative banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/road-ahead-for-co-operative-banks/article33593825.ece The RBI has powers now to regulate UCBs on par with commercial banks. Can depositors hope for a time-bound resolution? Distressed depositors of
Mobile app for gold loan launched in Kochi – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/mobile-app-for-gold-loan-launched-in-kochi/article33598465.ece This is for the first time that an app for gold loans has been launched Kochi-based Gold Dimensions Pvt Ltd has introduced a
lending apps: Debt trap: Inside the world of shady digital lending apps, which promise a loan in a minute – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/loan-trap-inside-the-world-of-shady-digital-lending-apps-which-promise-a-loan-in-a-minute/articleshow/80304632.cmsSynopsis According to fintech industry sources, several lenders simply register an entity under the Companies Act, develop an app and start commercial lending. They
21% startups and MSMEs benefited from govt Schemes in 2020: Survey | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/21-startups-and-msmes-benefited-from-govt-schemes-in-2020-survey-121011600545_1.html For many years now, startups and MSMEs have been reeling under the complex burden of India’s difficult taxation policies The findings from the
‘Not a single NPA in three decades’: Adani Group rebuts allegations of not paying bank loans – The Financial Express
Clipped from: https://www.financialexpress.com/industry/not-a-single-npa-in-three-decades-adani-group-rebuts-allegations-of-not-paying-bank-loans/2172412/ Adani Group on Saturday rebutted allegations of not paying bank loans saying it maintains an impeccable record of not a single NPA in
Budget 2021 Expectations for MSMEs: ‘Govt must wake up to call for MSME tech adoption to ensure competitiveness’ | The Financial Express
Clipped from: https://www.financialexpress.com/budget/budget-2021-expectations-govt-must-wake-up-to-call-for-msme-tech-adoption-to-ensure-competitiveness/2169256/ Union Budget 2021 Expectations for MSMEs: Budget 2021 should make efforts to enable the development of MSMEs by providing them access to the
RBI’s ‘unambiguous’ objective is to revive growth: Governor Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbis-unambiguous-objective-is-to-revive-growth-governor-shaktikanta-das/articleshow/80300286.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “Our principal objective during this pandemic period was to support economic activity; and looking back, it is evident that our policies have helped
RBI policies softened COVID-19 blow to economy: Shaktikanta Das–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/rbi-policies-softened-covid-19-blow-to-economy-shaktikanta-das/story/428167.html I would like to unambiguously reiterate that the Reserve Bank remains steadfast to take any further measures, as may be necessary, while at
RBI to propose stricter rules for ‘shadow banks’: report–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/rbi-to-propose-stricter-rules-for-shadow-banks-report/story/428162.html RBI has been trying to tighten regulatory norms on the sector since Infrastructure Leasing & Financial Services, the largest nonbank financial company, went
BharatPe may offer to pay back PMC Bank retail depositors in full: report–business today
Clipped from: https://www.businesstoday.in/current/corporate/bharatpe-may-offer-to-pay-back-pmc-bank-retail-depositors-in-full-report/story/428164.html The BharatPe-Centrum combine is of the four bidders that have made submissions to the Reserve Bank of India for acquiring PMC Bank. The
rbi governor shaktikanta das: Takeaways: RBI governor Das’ warning to financial markets, view on fiscal spending – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/takeaways-rbi-governor-das-warning-to-financial-markets-view-on-fiscal-spending/articleshow/80299710.cmsSynopsis The governor warned financial markets that they must be prepared for any halt in global inflows if risk aversion in external sector picks
‘Delinquencies have worsened, but not as bad as initially feared’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/delinquencies-have-worsened-but-not-as-bad-as-initially-feared/article33579886.ece The loan restructuring window has just ended, and it will take another 45 days for more clarity on defaults in the housing finance
Why a ‘bad bank’ may not work well – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-a-bad-bank-may-not-work-well/article33582553.ece While shifting toxic assets to a bad bank will help banks lend more, it does not address the core issue of NPAs Bad
Old problem, older solution | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/old-problem-older-solution-121011401468_1.html State-controlled DFIs will have the same problems as PSBs One of the moves that the government is reportedly taking to increase investment in
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