Clipped from: https://economictimes.indiatimes.com/opinion/et-view/et-view-negative-rates-as-conscious-policy/articleshow/79561743.cmsSynopsis The RBI’s policies on maintaining high liquidity to fuel recovery, keeping a Targeted Long Term Repo window open is most sensible. It is
Category: RBI–Banks
FinMin seeks feedback on rationalisation of compliances under various DFS Acts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/finmin-seeks-feedback-on-rationalisationof-compliances-under-various-dfs-acts/article33473849.ece?homepage=true The Finance Ministry has sought feedback from key stakeholders in the financial system on whether compliances under major Acts administered by the Department
Banking Asset quality needs to be monitored – The Financial Express
Clipped from: https://www.financialexpress.com/market/banking-asset-quality-needs-to-be-monitored/2162516/ Impact of slippages in H2 to be limited; ICICIBC, HDFCB, SBIN and AUBANK are top picks RBI has released a report on Trend and
Don’t let the Insolvency and Bankruptcy Code go the CDR way – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/dont-let-the-insolvency-and-bankruptcy-code-go-the-cdr-way/2162428/ IBC should never have been kept in abeyance for so long and, if not handled well, the pre-pack can deal it a big
Stress in banking: Temporary respite–economic time
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/stress-in-banking-temporary-respite/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The latest Reserve Bank of India (RBI) report
Asset management firm in the works to tackle bad loans of PSU banks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/amc-in-the-works-to-tackle-bad-loans-of-psu-banks/articleshow/79981213.cms Synopsis–The proposed AMC will work on a fee-based model. It will collate bad debt across banks and reach out to institutional investors, including
RBI launches surveys to get inputs for monetary policy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-launches-surveys-to-get-inputs-for-monetary-policy/articleshow/80061615.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Announcing the launch of the January 2021 round of the Inflation Expectations Survey of Households (IESH), the RBI said it aims to capture
FDI ‘violations’: RBI, ED asked to take ‘necessary action’ on allegations against Amazon, Flipkart and Walmart – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/fdi-violations-rbi-ed-asked-to-take-necessary-action-on-allegations-against-amazon-flipkart-and-walmart/2162024/ At present, while the DPIIT formulates and notifies FDI policies, any violation of such rules is dealt under the penal provisions of the
‘Scam on Google’ costs Delhi man Rs 80,000: How India’s one of the most-common online fraud happens | Gadgets Now
Clipped from: https://www.gadgetsnow.com/slideshows/scam-on-google-costs-delhi-man-rs-80000-how-indias-most-common-fraud-happens/photolist/80037084.cms?utm_source=toiweb&utm_medium=referral&utm_campaign=toiweb_hptopnews ‘Scam on Google’ costs Delhi man Rs 80,000: How India’s one of the most-common online fraud happens A Delhi-based employee working in a
Loan apps scam: Cops arrest Chinese national, detects ₹21,000 cr worth transactions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/loan-apps-scam-cops-arrest-chinese-national-detects-21000-cr-worth-transactions/article33464436.ece The fraud came to light when five borrowers committed suicide, unable to bear the harassment by the recovery agents. Online instantly loan app
Allowing corporate houses in banking: With the needed safeguards, it may not be a bad idea after all – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/allowing-corporate-houses-in-banking-with-the-needed-safeguards-it-may-not-be-a-bad-idea-after-all/2161878/ While connected and circular lending, and credit misallocation and conflict of interest are real risk scenarios, credit crunch especially for MSMEs is also
Don’t leave everything to the RBI is Duvvuri Subbarao’s Budget tip to Nirmala Sitharaman – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/dont-leave-everything-to-the-rbi-is-duvvuri-subbaraos-budget-tip-to-nirmala-sitharaman/articleshow/80024846.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis In an interview with ET Now, former RBI governor Duvvuri Subbarao, emphasised on the need for the government to loosen its purse strings
Banks need Rs one lakh crore for NPAs, growth, says Reserve Bank of India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-need-rs-one-lakh-crore-for-npas-growth-says-reserve-bank-of-india/articleshow/80021370.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis According to the RBI, gross non-performing assets (NPAs) declined from 9.1% as of March 2019 to 8.2% at end-March 2020 and further down
Banking wrong on corporate houses: Why fate of banking, public finance is uncertain – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/banking-wrong-on-corporate-houses-why-fate-of-banking-public-finance-is-uncertain-rbi-regulations/2160608/ With RBI’s inability to uphold regulatory oversight, a grave crisis in banks and NBFCs is looming large. Atul K Thakur The policymaking in
Now MSME customers of this bank can use SIDBI’s DIY portal to submit restructuring proposals – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-now-msme-customers-of-this-bank-can-use-sidbis-diy-portal-to-submit-restructuring-proposals/2160126/ Ease of Doing Business for MSMEs: While the documents required for the proposal may vary as per the internal guidelines of the banks,
Deposits of public sector banks surge amid pandemic stress – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/deposits-for-public-sector-banks-surge-amid-pandemic-stress/articleshow/80028940.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Term deposits – contributing almost 60% of total deposits – moderated, reflecting the easing of interest rates and the lure of returns on
CBI files case against IVRCL for Rs 5,000 crore loan fraud–Business today
Clipped from: https://www.businesstoday.in/current/economy-politics/cbi-files-case-against-ivrcl-for-rs-5000-crore-loan-fraud/story/426516.html The company allegedly availed various credit limits from a consortium of banks, led by State Bank of India and cheated the banks, without
Honey, I shrunk Indian banking! Sector tastes degrowth in 2020–Business today
Clipped from: https://www.businesstoday.in/current/economy-politics/indian-banking-industry-2019-20-npas-bad-loans-borrowings-asset-quality/story/426466.html Indian Banking Sector 2019-20: The credit off-take from the industry declined marginally while agri, services and retail were in positive territory in 2019-20
LTV curbs on gold loans don’t help – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ltv-curbs-on-gold-loans-dont-help/article33456217.ece All that glitters Gold loans call for robust, tailor-made risk management practices in place – Getty Images/iStockphoto All that glitters Gold loans call
Govt’s steps to ease NBFC liquidity crisis too short-term: Fitch report | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/govt-s-steps-to-ease-nbfc-liquidity-crisis-too-short-term-fitch-report-119072500767_1.html The report, however, said NBFCs will benefit more from the Rs 70,000 crore recapitalisation of state-owned banks, which will increase their capacity to
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