Clipped from: https://www.thehindubusinessline.com/money-and-banking/why-rbi-tightened-current-account-norms/article33487890.ece?homepage=true But the new norms which came into effect from December 15, 2020 (earlier deadline of November 5 was extended) have presented banks and
Category: RBI–Banks
Modi’s challenge in 2021 will be to revive an economy which has slipped into deep recession – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/inside-track-modis-challenge-in-2021-will-be-to-revive-an-economy-which-has-slipped-into-deep-recession/2162928/ The economy may have hit an all-time low and unemployment and inflation a new high, but Modi, with his hirsute sanyasi-like looks and
Lendingkart to launch ‘credit intelligence services’ for banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/lendingkart-to-launch-credit-intelligence-services-for-banks/article33481760.ece Lendingkart, a digital lending fintech start-up in working capital space, plans to launch ‘credit intelligence services’ for banks from April, helping them evaluate
Two Chinese among 4 arrested by Chennai police for running instant loan app – The Financial Express
Clipped from: https://www.financialexpress.com/india-news/two-chinese-among-4-arrested-by-chennai-police-for-running-instant-loan-app/2163011/ The investigation, based on a complaint here, revealed the prime accused to be operating from China Two Chinese and as many Indian nationals
CCPA seeks RBI intervention on banks delaying refund in case of failed transactions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/ccpa-seeks-rbi-intervention-on-banks-delaying-refund-in-case-of-failed-transactions/articleshow/80057593.cmsSynopsis In a letter to RBI Deputy Governor M K Jain, the Central Consumer Protection Authority (CCPA) Chief Commissioner Nidhi Khare stated that 2,850
Negative rates as conscious policy – The Economic Times
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
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,
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