Clipped from: https://www.financialexpress.com/opinion/rbi-holds-steady-as-it-sides-more-with-growth-recovery-than-with-its-inflation-objective/2143694/ Despite raising its inflation forecast, RBI did not take immediate steps to reign in surplus liquidity, thereby choosing economic recovery over inflation control,
Category: RBI–Banks
Growth Over Fighting Inflation–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/growth-over-fighting-inflation/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The Monetary Policy Committee (MPC) has voted for
Socrates, status quo and solutions: What Shaktikanta Das talked of at RBI’s last policy review of 2020 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/socrates-status-quo-and-solutions-what-shaktikanta-das-talked-of-at-rbis-last-policy-review-of-2020/articleshow/79560009.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Das made some important observations about the current economic situation, before closing his address with a quote from Socrates: “We can be bitter
Digital transactions: RBI increases limit for contactless card transactions to Rs 5,000 from January 1 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-increases-limit-for-contactless-card-transactions-to-rs-5000-from-january-1/articleshow/79560535.cmsSynopsis “In order to expand the adoption of digital payments in a safe and secure manner, it is proposed to enhance, at the discretion
Why not open Indian companies, both stressed and prime performers, to foreign lenders? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/why-not-open-indian-companies-both-stressed-and-prime-performers-to-foreign-lenders/articleshow/79570701.cms Unlike the affected countries in 1997, India does have healthy foreign exchange reserves, recently amounting to $568 billion. SynopsisUS fund Oaktree lent Rs
HDFC Bank outage: HDFC Bank’s problems may be linked to growing too fast – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/hdfc-banks-problems-may-be-linked-to-growing-too-fast/articleshow/79550016.cms SynopsisHDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. It is also one of
Why Shaktikanta Das can’t afford to follow other central banks’ Covid playbooks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/why-shaktikanta-das-cant-afford-to-follow-other-central-banks-covid-playbooks/articleshow/79566630.cms SynopsisIndia’s flexible inflation targeting introduced four years ago ties the central bank’s hands when it comes to interest rates as it is mandated
You cannot put lakhs in difficulty for hours: RBI governor on HDFC Bank | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/you-cannot-put-lakhs-in-difficulty-for-hours-rbi-governor-on-hdfc-bank-120120400598_1.html Central bank, which yesterday pulled up HDFC Bank for multiple outages of its digital services, is checking why SBI’s YONO application went down.
Monitoring end-use of funds: The missing link in credit risk management–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-commentary/monitoring-end-use-of-funds-the-missing-link-in-credit-risk-management/Economic Times Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Meera Aranha & Srinivas Reddy It has been
MSME units engaged as vendors with the government or PSUs likely to revive first: Dun & Bradstreet report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-units-engaged-as-vendors-with-the-government-or-psus-likely-to-revive-first-dun-bradstreet-report/articleshow/79545631.cmsSynopsis MSMEs have largely borne the brunt of the disruption in the supply chain, scarcity of raw materials, unavailability of migrant labours and restrictions
After RBI action on outages, HDFC Bank CEO steps in to allay customer fears–economic times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/after-rbi-action-on-outages-hdfc-bank-ceo-sashidhar-jagdishan-steps-in-to-assuage-customer-fears/articleshow/79546651.cmsSynopsis RBI on Thursday asked HDFC Bank to temporarily halt new digital offerings and stop sourcing credit card customers. HDFC BankNSE -2.11 % CEO Sashidhar
Look beyond rate cut to boost credit flow – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/look-beyond-rate-cut-to-boost-credit-flow/article33233880.ece The RBI’s steps have ensured adequate liquidity and lower interest rates. Banks must now step up and boost lending Ever since the pandemic
60 companies submit bids for Reliance Capital’s asset monetisation | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/strong-response-for-reliance-capital-s-asset-sale-60-firms-submit-bids-120120201240_1.html Oaktree, JC Flowers, 6 others submit EoIs for entire company The sale of Reliance Capital’s (RCap’s) assets by Indian banks has received overwhelming
Halt digital launches, stop selling new credit cards: RBI tells HDFC Bank | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/halt-digital-launches-stop-selling-new-credit-cards-rbi-tells-hdfc-bank-120120300354_1.html The RBI issued the order with regard to certain incidents of outages in the internet banking/ mobile banking/ payment utilities of HDFC Bank
Wherever we’ve seen unlocking, we’ve seen a revival in demand: SBI Chairman | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/wherever-we-ve-seen-unlocking-we-ve-seen-a-revival-in-demand-sbi-chairman-120120300015_1.html Inflation rate in excess of 7% is essentially attributed to supply-side constraints, says chairman State Bank of India (SBI) Chairman DINESH KHARA doesn’t hesitate to
Lakshmi Vilas Bank comes under Sebi scanner for ‘insider trading’ | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/lakshmi-vilas-bank-comes-under-sebi-scanner-for-insider-trading-120120201540_1.html Based on an exchange’s surveillance report, the regulator is examining trading in the scrip between 2018 and 2019 Capital markets regulator Securities and Exchange Board of
Bank lending, deposit rates have bottomed out: SBI chief Dinesh Khara | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/bank-lending-deposit-rates-have-bottomed-out-sbi-chief-dinesh-khara-120120300037_1.html Khara said SBI and other banks in the country were aware that the economy required softer rates to continue. Bank lending rates “have
ICICI Bank, Indian Bank at risk of becoming ‘fallen angels’, warns S&P | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/icici-bank-indian-bank-at-risk-of-becoming-fallen-angels-warns-s-p-120120201553_1.html S&P terms an entity a “fallen angel” if its rating is lowered to speculative-grade from investment-grade Many potential “fallen angel” banks — including ICICI
IDBI Bank puts home loan, LAP, corporate NPAs worth around Rs 970 cr on sale – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/idbi-bank-puts-home-loan-lap-corporate-npas-worth-around-rs-970-cr-on-sale/2141862/ Loans to two Bhubaneswar-based companies — Raipur Power & Steel and Parth Concast — are being offered at a total reserve price of
Monetary policy fails to stimulate the economy – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/monetary-policy-fails-to-stimulate-the-economy/2142002/ Subdued credit growth is a bigger concern than rising inflation. Time for the MPC to shed light on this inability to revitalise demand
aniltikotekar4sme.com 