Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-want-rbi-to-extend-recast-window-till-march-31-2021/articleshow/79531422.cmsSynopsis Bankers have requested the regulator that given the case in the Supreme Court leading to a prolonged moratorium, they haven’t been able to
Category: RBI–Banks
NPA: High bounce rates indicate trouble ahead for lenders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/high-bounce-rates-indicate-trouble-ahead-for-lenders/articleshow/79533504.cmsSynopsis Most banks and NBFCs have claimed of achieving near normal collection efficiency levels, but data suggests that Covid has altered borrower repayment behaviour.
paypal: Razorpay, PayPal come together to help MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/razorpay-paypal-come-together-to-help-msmes/articleshow/79526833.cmsSynopsis By integrating PayPal into Razorpay’s payment platform, freelancers and MSMEs will be able to accept international payments easily. BENGALURU: Razorpay has announced a partnership with PayPal to
Why business barons should not run banks – The Hindu
Clipped from: https://www.thehindu.com/opinion/op-ed/why-business-barons-should-not-run-banks/article33224502.ece They will not only enrich themselves but also crush competition First, a confession is in order. Would I want to own a bank
Encrypting the rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-rbi-should-start-working-on-an-official-cryptocurrency-for-india/article33223897.ece The RBI should start working on an official cryptocurrency for India With the European Central Bank expressing its intention to evaluate a Central
A three-pronged strategy | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-three-pronged-strategy-120120101371_1.html Lay out a credible fiscal consolidation plan, reverse tax buoyancy decline, and boost non-tax revenues In two months from now, Union Finance Minister Nirmala
Beyond the rate decision | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/beyond-the-rate-decision-120120101351_1.html RBI will have to address the excess liquidity issue The interest rate decision will be relatively easy for the Reserve Bank of India’s
High inflation rules out rate easing – The Financial Express–economic times
Clipped from: https://www.financialexpress.com/opinion/high-inflation-rules-out-rate-easing/2141109/ We expect the CPI inflation to recede below the upper-end of the MPC’s target range of 6%, only in December, and average a
RBI’s options narrow as inflation & inflows both rise – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rbis-options-narrow-as-inflation-inflows-both-rise/2141130/ Keeping repo unchanged is an obvious choice, the bigger challenge is the balance between inflation and rupee value Given retail inflation for October
These companies are making finance easy for small firms – Pandemic lesson: Go online | The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/these-companies-are-making-finance-easy-for-small-firms/slideshow/79485622.cms 2/6 Making bookkeeping easy Gimbooks, a cloud-based bookkeeping app, was launched in 2017. This was the same year when the Goods and Services
U GRO Capital partners with Wadhwani Foundation to help MSMEs thrive in post Covid era – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/u-gro-capital-partners-with-wadhwani-foundation-to-help-msmes-thrive-in-post-covid-era/articleshow/79506728.cmsSynopsis MSMEs can benefit from this partnership by addressing their strategic, operational and development needs as part of the ‘Sahayata Stability Program’. U GRO
Paytm Merchant Charges waived Off: Paytm waives off all charges on merchant transactions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/paytm-waives-off-all-charges-on-merchant-transactions/articleshow/79507034.cmsSynopsis Paytm will absorb Rs 600 crore in MDR charged annually by banks and other charges to support MSMEs during the ongoing pandemic. MUMBAI: Paytm announced
ED arrests Cox and Kings promoter Peter Kerkar in money laundering case | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/companies/ed-arrests-cox-and-kings-promoter-peter-kerkar-in-money-laundering-case-7069624/ Cox and Kings owes Rs 5,500 crore to banks and financial institutions and it is one of the top borrowers of Yes Bank
All you want to know about capital account convertibility – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-want-to-know-about/article33215196.ece The RBI Governor recently said that India will continue to approach capital account convertibility as a process rather than an event. He also
Corporate ownership of private banks: Has the train left the station? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/has-the-train-left-the-station-120113000012_1.html If indeed the gate opens for big industrial houses, the RBI needs to be smarter than them and demonstrate it through action, not
India needs hundreds more banks; their ownership is not the main point | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/for-india-number-of-banks-and-not-their-ownership-is-the-main-point-120113000133_1.html While deciding on policy regarding ownership of banks, it would be good to remember that banking is a commercial activity and therefore can’t
credit cards: Consumers going back to credit cards as inquiries exceed October ’19 levels: Transunion Cibil – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/consumers-going-back-to-credit-cards-as-inquiries-exceed-october-19-levels-transunion-cibil/articleshow/79489026.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Social distancing rules have forced consumers to rethink how they spend, with digital payments becoming an increasingly attractive. This shift in mindset is
Bankers to make last-ditch attempt to get more cash from Lavasa’s bidders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/bankers-to-make-last-ditch-attempt-to-get-more-cash-from-lavasas-bidders/articleshow/79491232.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Three bids were received for the stuck project until the deadline of November 20 including one from a Pune-based realty developer Anirudh Deshpande
RBI may keep policy rates unchanged – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-may-keep-policy-rates-unchanged/articleshow/79482596.cmsSynopsis Bankers will watch out for any guidance on how the RBI plans to manage the record excess liquidity in the financial system, which
Reliance Capital defaults on interest payments on HDFC and Axis term loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/reliance-capital-defaults-on-interest-payments-on-hdfc-and-axis-term-loans/articleshow/79495845.cmsSynopsis The company informed the exchanges that it failed to pay interest of Rs 4.77 crore to HDFC and Rs 0.71 crore to Axis
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