Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbis-mpc-likely-to-maintain-its-accommodative-stance-sees-limited-rate-cut-window/articleshow/79799542.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The MPC left key interest rates unchanged this month amid persistently high inflation but said it would ensure ample liquidity to stressed sectors
Category: RBI–Banks
PMC Bank gets four investment proposals, says RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/pmc-bank-gets-four-investment-proposals-says-rbi/articleshow/79801386.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Last month, PMC had invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction.
Banking sector’s renaissance after the pandemic – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/renaissance-after-the-pandemic/articleshow/79802115.cms Synopsis–Policymakers in India have acted swiftly and decisively on both fiscal and monetary fronts to cushion the impact. The slew of measures introduced
Government exploring setting up bad bank, all other options: DEA Secretary – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/government-exploring-setting-up-bad-bank-all-other-options-dea-secretary/articleshow/79801605.cmsSynopsis Bajaj was responding to a query on whether the government would consider setting up of a bad bank as a one-time measure for
No big NPA shock for banks this fiscal: Financial Services Secretary – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/no-big-npa-shock-for-banks-this-fiscal-financial-services-secretary/article33357987.ece?homepage=true Financial Services Secretary Debashish Panda Financial Services Secretary Debashish Panda× Debashish Panda says loan repayments up after Unlock Financial Services Secretary Debashish Panda
How banks, NBFCs post pandemic can help MSMEs achieve growth in new normal – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-scaling-back-how-banks-nbfcs-post-pandemic-can-help-msmes-achieve-growth-in-new-normal/2151713/ Credit and Finance for MSMEs: With the rise of innovations in fintech solutions, banks and NBFCs are fast enabling small and medium-sized enterprises
axis bank: Could see rise in retail stress in coming quarters: Axis Bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/could-see-rise-in-retail-stress-in-coming-quarters-axis-bank/articleshow/79778357.cmsSynopsis “While the stress is much lower than what we had envisaged, these numbers will be higher than what we saw last year. It
Govt to encourage banks to use co-origination model of financing to address MSME needs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/govt-to-encourage-banks-to-use-co-origination-model-of-financing-to-address-msme-needs/articleshow/79782018.cmsSynopsis Co-origination or co-lending model is a financial system of leveraging the comparative advantages of both the banks and non-banking finance companies (NBFCs) in
Unwinding liquidity will be a major challenge for RBI: Subbarao – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/unwinding-liquidity-will-be-a-major-challenge-for-rbi-subbarao/articleshow/79784772.cmsSynopsis The central bank announced a series of liquidity easing measures as its response to the COVID-induced contraction in the economic activity since end
Stress predates Covid: Bankers tell Supreme Court – The Hindu BusinessLine
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
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%
aniltikotekar4sme.com 