Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/dbs-bank-india-partners-with-haqdarshak-to-aid-msme-recovery/articleshow/79675994.cmsSynopsis Haqdarshak will provide application support services to business owners for availing the right schemes that the government has announced. MUMBAI: DBS Bank India has joined
Category: RBI–Banks
MSME: Banks sanction Rs 2.05 lakh cr to 81 lakh MSMEs under credit guarantee scheme – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/banks-sanction-rs-2-05-lakh-cr-to-81-lakh-msmes-under-credit-guarantee-scheme/articleshow/79679237.cmsSynopsis The loans provided under ECLGS 2.0 will have a five-year tenor, with a 12-month moratorium on repayment of principal. NEW DELHI: The Finance Ministry on
bitcoin: Indian banks rush to join bitcoin party – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/indian-banks-rush-to-join-bitcoin-party/articleshow/79672306.cms SynopsisIn 2018, the Indian government and the Reserve Bank of India had issued several warnings against dealing in cryptocurrencies, including Bitcoins. The government
Restricting foreign capital in banking sector a mistake: Abhijit Banerjee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/foreign-capital-can-bail-out-banking-sector-abhijit-banerjee/article33297433.ece ‘No dearth of ‘bad jobs’; we need skill upgradation for better jobs’ Nobel laureate Abhijit Banerjee has said that restricting capital infusion in
All you wanted to know about Repo Linked Home Loan Rates – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article33272193.ece For home buyers looking for loans, the recent move by the RBI keeping the repo rate unchanged (at 4 per cent) would have
Preserve financial stability | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/preserve-financial-stability-120121001474_1.html Higher inflation tolerance will increase risks Lower interest rates and higher liquidity have resulted in record issuance of corporate bonds, with Indian companies raising over Rs 8 trillion from
Banking Crisis Spree: Here is how to safeguard your hard earned money – The Financial Express
Clipped from: https://www.financialexpress.com/money/banking-crisis-spree-here-is-how-to-safeguard-your-hard-earned-money/2147258/ Laden with high levels of non-performing assets (NPAs) or bad loans in their books, most banks have made the Indian banking sector a
Gradual phase-out of moratorium mitigates asset quality cliff for Indian banks: Moody’s – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/gradual-phase-out-of-moratorium-mitigates-asset-quality-cliff-for-indian-banks-moodys/articleshow/79660186.cmsSynopsis “The gradual tapering of support measures will give borrowers time to adjust and enable banks to build loan-loss buffers, in turn reducing the
citibank case: Citigroup trial reveals chain of gaffes that led to the $900 million blunder – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/business/citigroup-trial-reveals-chain-of-gaffes-that-led-to-the-900-million-blunder/articleshow/79654896.cmsSynopsis At the heart of the breakdown was a system known inside the bank as the “six eyes” approval process. Under the six-eyes protocol,
The many merits of open banking – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-many-merits-of-open-banking/article33292010.ece Through bank-fintech engagement, it helps improve customer experience Open banking hopes to solve these constraints by implementing an architecture where organisations share data
Exim Bank, SIDBI to set up investment fund to provide loan support to SMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/exim-bank-sidbi-to-set-up-investment-fund-to-provide-loan-support-to-smes/article33289432.ece?homepage=true David Rasquinha, Managing Director, Exim Bank of India David Rasquinha, Managing Director, Exim Bank of India× Export-Import Bank of India (Exim Bank) and
Not viable to extend date of moratorium: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/not-viable-to-extend-date-of-moratorium-rbi/article33290088.ece?homepage=true The ministry had asked banks to monitor loans above Rs 250 crore and red flags whenever the original covenants of the loans are
Not viable to extend date of moratorium: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/not-viable-to-extend-date-of-moratorium-rbi/article33290088.ece?homepage=true The ministry had asked banks to monitor loans above Rs 250 crore and red flags whenever the original covenants of the loans are
Banking reforms need strong regulation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/banking-reforms-need-strong-regulation/article33292097.ece?homepage=true Banks’ fintech challenge – /iStockphoto Banks’ fintech challenge – /iStockphoto× In this age of fintech and blockchain, corporates entering banking space is inevitable.
Replicate the RuPay model – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/replicate-the-rupay-model/article33291887.ece?homepage=true Don’t let mobile wallet apps corner payments business RuPay, conceived and launched by National Payments Corporation of India (NPCI) eight years ago, has
Indian banks risk Rs 12-trn hit till 2024 from Covid-19: McKinsey | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/indian-banks-risk-rs-12-trn-hit-till-2024-from-covid-19-mckinsey-120121000021_1.html It is a test that the industry has withstood so far, whilst demonstrating resilience and purpose, McKinsey said in its annual review of
RBI may allow SFBs to lend to smaller microfinance institutions with loan assets below Rs 500 cr – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rbi-may-allow-sfbs-to-lend-to-smaller-microfinance-institutions-with-loan-assets-below-rs-500-cr/articleshow/79647334.cms SynopsisRBI, which had earlier turned down a similar proposal, is now actively considering it so that the funding requirement for the sector is
RBI: RBI lays down stringent dividend distribution formulae for NBFCs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-lays-down-stringer-dividend-distribution-formulae-for-nbfcs/articleshow/79646529.cmsSynopsis RBI said that deposit taking NBFCs and systemically important non-deposit taking NBFCs should have CRAR of at least 15% for the last three
ICICI bank: ICICI opens new front with mobile app interoperability, other banks may follow – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/icici-opens-new-front-with-mobile-app-interoperability-other-banks-may-follow/articleshow/79647016.cmsSynopsis The UPI’s open architecture allows ease of payments from and to banks and wallets. However, no bank had opened up its own system
India should drive growth without depending on rate cuts: Acharya – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/india-should-drive-growth-without-depending-on-rate-cuts-acharya/articleshow/79648380.cmsSynopsis Acharya, who quit RBI ahead of his tenure coming to an end last year, said India has to devise ways of pushing up
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