Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/india-must-not-neglect-bank-recapitalisation-despite-pandemic-says-viral-acharya/articleshow/78748878.cmsSynopsis “If the government doesn’t wish to recapitalise banks in a timely manner, then it must ensure that the contours of debt moratoria and
Category: RBI–Banks
Centre to ensure interest waiver benefits to small borrowers by Nov 2 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-to-ensure-interest-waiver-benefits-to-small-borrowers-by-nov-2-120101900040_1.html Experts say provisioning requirements for banks may go up 20-50 per cent in Q2 due to SC standstill order It will tentatively cost
Centre may have no stake in public sector banks after privatisation | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/centre-may-have-no-stake-in-public-sector-banks-after-privatisation-120101900050_1.html Wants RBI to relax the rules on ownership in private sector banks The RBI has set up a committee under retired bureaucrat P
India’s inflation targeting framework needs a relook – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/indias-inflation-targeting-provisions-need-a-relook/article32886547.ece The assumptions underlying Chapter III-F of the RBI Act have become a hindrance to the achievement of India’s development goals It is widely
Retail cheque payments down to a trickle in FY20 to 2.96%: RBI data – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/retail-cheque-payments-down-to-a-trickle-in-fy20-to-2-96-rbi-data/articleshow/78731214.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In FY2020, the share of paper clearing in total retail payments plunged to just 2.96 per cent in terms of volume and to
Higher NPAs hinder monetary policy transmission: RBI paper – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/higher-npas-hinder-monetary-policy-transmission-rbi-paper/articleshow/78731226.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In an environment of sustained asset quality stress impacting the capacity of banks to lend, the government has infused capital in public sector
RBI announces steps to boost credit flow to real estate sector – business news – Hindustan Times
Clipped from: https://www.hindustantimes.com/business-news/rbi-announces-steps-to-boost-credit-flow-to-real-estate-sector/story-biBhSs4cAUOJN7wC3yyBQI.html This measure, according to the RBI, is expected to give a fillip to bank lending to the real estate sector which is critical
All you wanted to know about doorstep banking services – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about-doorstep-banking-services/article32662344.ece Following the ‘stay home to stay safe’ norm, financial entities, predominantly banks, are now extending their services to the doorsteps of their customers,
Allowing the rupee to strengthen can help contain the creeping inflation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/allowing-the-rupee-to-strengthen-can-help-contain-the-creeping-inflation/article32516074.ece With the consumer price inflation at 6.9 per cent in July, the RBI needs to exercise caution over increasing the supply of rupees
RBI’s revision of priority sector lending norms is welcome but it should also focus on the hurdles – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbis-revision-of-priority-sector-lending-norms-is-welcome-but-it-should-also-focus-on-the-hurdles/article32564479.ece RIDF investments have dipped over time, reducing funds for public investment in agriculture in the credit-deficit regions. It is just as well that
Revised Long Format Audit Report for banks will help curb frauds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/revised-long-format-audit-report-for-banks-will-help-tone-up-risk-management-and-curb-frauds/article32574363.ece For the revised LFAR to work, all stakeholders — including the RBI’s nominees on bank boards — must play their part effectively. The
The interests of banks and depositors should be balanced with that of borrowers while deciding on moratorium – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-interests-of-banks-and-depositors-should-be-balanced-with-that-of-borrowers-while-deciding-on-moratorium/article32828242.ece Allowing borrowers to hijack the debate on the hardships caused by Covid and to extend one-sided stimulus packages ignore small savers and depositors
Inflation target should be higher, wider: Experts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/inflation-target-should-be-higher-wider-experts/articleshow/78714974.cmsSynopsis They proposed a higher headline inflation target of 5-6% accompanied by a core inflation target. This way, the monetary policy committee (MPC) could
RBI’s focus has been on liquidity provision in the right areas | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-s-focus-has-been-on-liquidity-provision-in-the-right-areas-120100900354_1.html With inflation targeting being the rule, the relentless high levels of CPI inflation were to be the barrier to any further cut in
Signalling optimism: The Hindu Editorial on RBI holding rates – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/signalling-optimism-the-hindu-editorial-on-rbi-holding-rates/article32828824.ece The RBI has clearly sought to talk up confidence ignoring the risks of inflation The RBI has used its latest monetary policy review to unequivocally
Next set of asset quality woes for lenders to come from MSME segment | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/next-set-of-asset-quality-woes-for-lenders-to-come-from-msme-segment-120101401239_1.html Gross NPAs at 12.8 per cent in June are up 140 bps year-on-year, marking the sharpest surge across asset pools Worries over MSME
Growth Will Cure Ills of Monetisation–Economic Times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/growth-will-cure-ills-of-monetisation/ IMF chief economist Gita Gopinath’s advice against RBI monetising the fiscal deficit, citing implications for market confidence and inflation, errs on the side
Banks not willing to lend to small businesses: KVIC to approach finance ministry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/banks-not-willing-to-lend-to-small-businesses-kvic-to-approach-finance-ministry/articleshow/78680137.cmsSynopsis The KVIC has received several complaints about banks not agreeing to lend even to businesses with confirmed government orders. NEW DELHI: The Khadi
Banks need Artificial Intelligence for corporate lending: Krishnamurthy Subramanian, Chief Economic Advisor – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-need-artificial-intelligence-for-corporate-lending-krishnamurthy-subramanian-chief-economic-advisor/articleshow/78686042.cmsSynopsis Speaking at a virtual summit organised by Intel and Indian School of Business, he said lending to MSMEs (Micro, Small and Medium Enterprises)
RBI slaps crores of rupees of penalty on IndusInd Bank; says bank did not comply with these norms – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-slaps-crores-of-rupees-of-penalty-on-indusind-bank-says-bank-did-not-comply-with-these-norms/2107822/ RBI said that the penalty has been imposed on the basis of the deficiencies in regulatory compliance and is not intended to pronounce
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