Clipped from: https://www.thehindubusinessline.com/money-and-banking/stress-predates-covid-bankers-tell-supreme-court/article33348966.ece?homepage=true The Reserve Bank of India (RBI) on Wednesday said in the Supreme Court that there has not been a single case of Covid-related
Category: RBI–Banks
The Rs 3 lakh crore Emergency Credit Line Guarantee Scheme: Opportunities and gaps–economic times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/the-rs-3-lakh-crore-emergency-credit-line-guarantee-scheme-opportunities-and-gaps/articleshow/79753604.cmsSynopsis As part of the AatmaNirbhar Bharat reforms, the Government extended the Scheme until March 31, 2021 and included 26 stressed sectors including healthcare
M1xchange Funding: TReDS platform M1xchange raises funding from BEENEXT, Mayfield – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/treds-platform-m1xchange-raises-funding-from-beenext-mayfield/articleshow/79758525.cmsSynopsis The utilisation of funds by M1xchange will be to expand its network across India NEW DELHI: BeenextAsia, Singapore and Mayfield have jointly made an investment of
RBI has preserved financial stability of economy during COVID crisis, says Subbarao – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-has-preserved-financial-stability-of-economy-during-covid-crisis-says-subbarao/articleshow/79764496.cmsSynopsis Subbarao noted that though governments and central banks of the world are presently operating from the playbook of the Global Financial Crisis in
SBI seeks attachment of nostro accounts of Bangladesh’s Agrani Bank in India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-seeks-attachment-of-bangladesh-banks-nostro-a/cs-in-india/articleshow/79766334.cms SynopsisThe country’s largest lender has sent a letter to six banks, including HDFC Bank and ICICI Bank, where Agrani Bank has nostro account
Mastercard’s India trump card: From policy to investments, Richard Verma has his task cut out – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/mastercards-india-trump-card-from-policy-to-investments-richard-verma-has-his-task-cut-out/primearticleshow/79767631.cms Synopsis—With payments and data-protection regulations becoming more stringent globally, Mastercard has been feeling the heat in several markets, including India. The appointment of
चार प्रमुख बँकांच्या सहाय्यानं आजपासून WhatsApp पेमेंट सुविधेला सुरूवात | लोकसत्ता
Clipped from: https://www.loksatta.com/arthasatta-news/facebook-fuel-for-india-whatsapp-payments-upi-based-service-live-from-today-sbi-hdfc-icici-axis-bank-jud-87-2356496/ आजपासून देशभरात सेवेला सुरूवात मेसेजिंग अॅप WhatsApp नं भारतात आजपासून आपल्या पेमेंट सुविधेला सुरूवात केली आहे. स्टेट बँक, एचडीएफसी बँक, आयसीआयसीआय आणि अॅक्सिस
Credit bureaus, PCR to help improve credit flow: RBI Governor – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/credit-bureaus-pcr-to-improve-credit-flow-rbi-governor/article33344857.ece?homepage=true SCBs’ credit as a per cent of GDP fell to 50.99% in FY20 from 51.51% in FY19: RBI data In this regard, Das
Co-lending in SME sector helps banks check risk: SBI – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/co-lending-in-sme-sector-helps-banks-check-risk-sbi/2150774/ Khara also observed that money from the domestic market and household savings was not sufficient to fund India’s infrastructure growth and the only
NBFCs Budget Demand: Provide liquidity support, extend restructuring scheme to retail MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/nbfcs-budget-demand-provide-liquidity-support-extend-restructuring-scheme-to-retail-msmes/articleshow/79741816.cmsSynopsis Non-bank lender’s have also sought exemption of TDS on interest income. Presently, tax is deducted at source at the rate of 30 per
42 NBFCs, housing finance companies increased their provisioning under Indian accounting: EY report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/42-nbfcs-housing-finance-companies-increased-their-provisioning-under-indian-accounting-ey-report/articleshow/79719909.cmsSynopsis The report noted an increase in Expected Credit Loss (ECL) allowance by 33% and an overall increase in provision coverage rate by 26%
Yes, Governor Das, Liquidity is Key–Economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/yes-governor-das-liquidity-is-key/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Reserve Bank of India (RBI) Governor Shaktikanta Das
RBI eases some conditions for banks to open current accounts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-eases-some-conditions-for-banks-to-open-current-accounts/articleshow/79724851.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In August, RBI had said that banks that do not have cash credit or overdraft (CC/OD) facilities cannot open a current account for
Kapil Wadhawan submits proposal to repay DHFL creditors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/kapil-wadhawan-submits-proposal-to-repay-dhfl-creditors/articleshow/79723430.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The proposal envisages complete repayment to all creditors within a period of 7-8 years, with upfront cash payment of Rs 9000 crores. This
Despite five-fold increase, India’s deposit insurance cover among lowest globally – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/despite-five-fold-increase-indias-deposit-insurance-cover-among-lowest-globally/article33327009.ece?homepage=true Analysis of the 2020 survey data by the IADI reveals that India also suffers from delays in reimbursements and a narrower mandate vis-a-vis
Why private banks, their ownership structures need to be strictly regulated | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/ownership-and-governance-of-private-sector-banks-120121300871_1.html Basic principles and international practice suggest that opening the door to the ownership of banks in India by large corporate/industrial houses should be
Is Yes Bank out of the woods? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/is-yes-bank-out-of-the-woods-120121300882_1.html The bad loans can grow as much as by 15 per cent from the current level because of the pandemic, but there seems
SBI will prefer co-origination models of lending to MSMEs: Chairman – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/sbi-will-prefer-co-origination-models-of-lending-to-msmes-chairman/articleshow/79695109.cmsSynopsis SBI chairman Dinesh Kumar Khara said the country’s largest lender will be happy to deal with the intermediary players in the financing business
Rs 1.58 lakh cr given to 4.05 m borrowers under ECLGS: Finance Ministry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/fm-reviews-progress-of-various-schemes-under-3-packages-banks-sanction-rs-2-05-lakh-cr-to-msmes/articleshow/79714498.cmsSynopsis This information was provided during a comprehensive review of implementation of the Aatmanirbhar Bharat Abhiyan by finance minister Nirmala Sitharaman with secretaries of
Demand for gold loans slows down after recording a good growth in the second quarter: CSB Bank chief – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/demand-for-gold-loans-slows-down-after-recording-a-good-growth-in-the-second-quarter-csb-bank-chief/2148227/ The Thrissur based lender said its gold loan portfolio grew by Rs 1,100 crore in the second quarter, an increase of 30% quarter-on-quarter
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