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
Category: RBI–Banks
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
PM Modi’s 59-minute MSME loan: 93% applications disbursed till November 2020, marginally up from August – The Financial Express
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
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
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