Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-pm-modis-59-minute-msme-loan-93-applications-disbursed-till-november-2020-marginally-up-from-august/2145740/ Credit and Finance for MSMEs: The scheme was launched to offer in-principle approval to a term loan or working capital loan from Rs
Category: RBI–Banks
Blanket interest waiver on all loans to be Rs 6 lakh crore: Centre to SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/blanket-interest-waiver-on-all-loans-to-be-rs-6-lakh-crore-centre-to-sc/articleshow/79628798.cmsSynopsis If the banks were to bear this burden, then it would necessarily wipe out a substantial and a major part of their net
NPA fear: Hotels, restaurants seek relief on lines of MSME loan restructuring ahead of possible lockdown – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-npa-fear-hotels-restaurants-seek-relief-on-lines-of-msme-loan-restructuring-ahead-of-possible-lockdown/2144989/ Credit and Finance for MSMEs: The industry body FHRAI noted that the absence of a favourable policy would lead to the shutdown of
Another step forward for the debt market–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/another-step-forward-for-the-debt-market/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. In yet another welcome step to complete the
hdfc bank: Suspension of new digital initiatives, credit cards negative for HDFC Bank: Moodys – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/moodys-terms-hdfc-banks-multiple-digital-outages-credit-negative/articleshow/79603504.cmsSynopsis Last week, banking sector regulator Reserve Bank of India (RBI) had asked the bank to temporarily stop all launches under its digital 2.0
Tenuous tack: The Hindu Editorial on RBI holding interest rates – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/tenuous-tack-the-hindu-editorial-on-rbi-holding-interest-rates/article33264765.ece?homepage=true The MPC’s policy of prioritising growth over price stability is clearly fraught with risks Friday’s decision by the Monetary Policy Committee (MPC) of
Banking on digital – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/a-comprehensive-review-of-the-it-infrastructure-of-banks-that-supports-digital-transactions-is-needed/article33264196.ece A comprehensive review of the IT infra of banks that supports digital transactions, is needed The RBI’s action last week in asking HDFC
RBI’s challenges | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-challenges-120120600805_1.html As growth recovers, it will need to address other policy issues The Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) on Friday
Which bank next on the RBI radar? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/which-bank-next-on-the-rbi-radar-120120600843_1.html If shareholders can throw the chairman and MD out, where is the sanctity of the RBI approval for such appointments? At the post-monetary
RBI extends its pause: What lies ahead for borrowers, depositors and bond markets – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/news-analysis/rbi-extends-its-pause-whats-lies-ahead-for-borrowers-depositors-and-bond-markets/article33247082.ece As was widely expected, the RBI paused and held its key policy repo rate at 4 per cent on concerns over sticky inflation.
RBI to mandate risk-based internal audit for large UCBs, NBFCs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-to-mandate-risk-based-internal-audit-for-large-ucbs-nbfcs/article33251410.ece The Reserve Bank of India (RBI) has decided to bring large Urban Cooperative Banks (UCBs) and Non-Banking Finance Companies (NBFCs) within the Risk
Why action was taken on HDFC Bank for outage – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-governor-on-hdfc-bank-action-public-confidence-in-digital-banking-has-to-be-maintained/article33249138.ece Urges banks to invest proactively in technology; RBI team also looking into outage at SBI Reserve Bank of India Governor Shaktikanta Das on
The power of forward guidance | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-power-of-forward-guidance-120120401574_1.html The point of dissonance is, however, regarding the surplus liquidity sloshing around the banking system and the fear that it might endanger financial
Reserve Bank asks banks not to declare dividend for FY 20 | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/covid-impact-reserve-bank-asks-banks-not-to-declare-dividend-for-fy-20-120120500785_1.html The RBI has asked banks to conserve capital and not make any dividend payments for financial year 2020 The Reserve Bank of India (RBI) has
A no-action monetary policy buys time for growth | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-no-action-monetary-policy-buys-time-for-growth-120120401329_1.html The job of breaking the back of inflation is left to the government’s proactive supply management strategies, for now There is no surprise
RBI ignores inflation, sticks to growth plan – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rbi-ignores-inflation-sticks-to-growth-plan/2143686/ The policy seeks to reassure bond markets while hoping a good crop and fixing Covid-bottlenecks will ease inflation Reserve Bank of India (RBI)
Now MSMEs can prepare, submit restructuring proposals to banks on their own with SIDBI’s new DIY portal – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-now-msmes-can-prepare-submit-restructuring-proposals-to-banks-on-their-own-with-sidbis-new-diy-portal/2142653/ Ease of Doing Business for MSMEs: The proposals can be shared with up to three banks through the portal that has been developed
In RBI’s inflation-growth balancing, growth is big winner in this round – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/in-rbis-inflation-growth-balancing-growth-is-big-winner-in-this-round/articleshow/79578747.cmsSynopsis Normally, with this kind of elevated inflation scenario, the regulator would have treaded a more careful path. However, given the extraordinary situation, the
The power of forward guidance | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-power-of-forward-guidance-120120401574_1.html The point of dissonance is, however, regarding the surplus liquidity sloshing around the banking system and the fear that it might endanger financial
Suggestion to allow corporates in banking not RBI’s view: Governor Das | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/allowing-corporates-to-start-banks-das-says-it-is-internal-panel-s-suggestion-not-rbi-view-120120400818_1.html RBI’s Internal Working Group’s (IWG) suggestion to allow corporates into banking has received sharp criticism from experts Allowing corporates to promote banks is not the
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