Clipped from: https://taxguru.in/income-tax/sc-liability-banker-allowing-operation-locker-restrained-income-tax-department.html HDFC Bank Ltd. Vs State of Bihar & Ors. (Supreme Court of India) Whether a banker can be held liable for erroneously allowing locker
Category: RBI–Banks
👌Banks’ NIM falls in Q2 as RBI penal charge diktat takes effect, deposit cost rises – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-nim-falls-in-q2-as-rbi-penal-charge-diktat-takes-effect-deposit-cost-rises/article68825631.ece Bankers expect pressure on NIM to continue in Q3 Large and mid-sized banks have seen a fall in their net interest margin (NIM)
👌👌👌👌👌P Chidambaram writes: Fasten your seat belt | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/p-chidambaram-writes-fasten-your-seat-belt-9650431/ Inflation is not yet on the path toward the target rate of 4 per cent. Food and fuel prices complicate matters. Both do
RBI well-equipped to deal with any volatility post US elections: Report | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/rbi-well-equipped-to-deal-with-any-volatility-post-us-elections-report-124103100809_1.html The Reserve Bank of India would be able to tap its large foreign exchange reserves to defend the domestic currency in the event
👌👌👌AI adoption in banking: India’s opportunity to transform financial services
Clipped from: https://www.business-standard.com/opinion/editorial/ai-adoption-in-banking-india-s-opportunity-to-transform-financial-services-124103101146_1.html Banks with large asset sizes and those endowed with greater resources are more inclined to invest in innovation and modern technologies like AI
👌Deposits outpace credit growth after 30 months, hinting at stability | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/deposits-outpace-credit-growth-after-30-months-hinting-at-stability-124103100853_1.html Credit growth coming off its highs has largely contributed to credit-deposit growth aligning After nearly 30 months, banks’ deposit growth has edged above
👌Cash keeps pace with e-payments – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/cash-keeps-pace-with-e-payments/article68815696.ece It’s paradoxical that despite soaring e-transactions, the circulation of high denomination ₹500 notes has marched ahead The most beneficial impact of November 2016
👌Credit cards get a festive boost, spending increases 25% in September | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/credit-cards-get-a-festive-boost-spends-increase-25-in-september-124102901464_1.html Experts attributed the healthy growth to festive demand and the base effect Credit card spending in September recorded strong growth of 25 per
👌RBI’s domestically-held gold reserves jump 510.46 MT by end-September | Commodities – Business Standard
Clipped from: https://www.business-standard.com/markets/commodities/rbi-s-domestically-held-gold-reserves-jump-510-46-mt-by-end-september-124102901071_1.html As of end-September, the Reserve Bank of India (RBI) held 854.73 metric tonnes of gold, compared to 822.10 metric tonnes at the end
When deposits become ‘assets’ of banks: Innovation needed beyond high rates | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/when-deposits-become-assets-of-banks-time-for-innovation-over-high-rates-124102700468_1.html Offering a higher interest rate is an easy but costly solution My neighbour Mr Fernandez has resumed his habit of visiting bank branches.
Gold loans: Test by fire – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/current-account/gold-loans-test-by-fire/article68802840.ece Governance, compliance in focus as RBI cautions lenders against lapses Gold loans are used by many Indian households to meet financial exigencies —
👌👌👌FinMin to review public sector banks co-lending, MSME credit | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/on-the-table-finmin-to-review-public-sector-banks-co-lending-msme-credit-124102401252_1.html DFS secy M Nagaraju to chair meeting on November 5 Representational Image Listen to This Article Department of Financial Services (DFS) Secretary M
Growth needs to be supported by cheaper credit: MPC external member Nagesh | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/growth-needs-to-be-supported-by-cheaper-credit-mpc-external-member-nagesh-124102301453_1.html Food inflation driven by supply side rather demand which is addressed by monetary policy Representative Picture Nagesh Kumar, one of the three newly
👌👌👌👌👌👌👌NRE & NRO accounts: A comprehensive guide for taxpayers – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/nre-nro-accounts-a-comprehensive-guide-for-taxpayers-451052-2024-10-22 To simplify this, Indian banks offer two key types of accounts: the Non-Resident External (NRE) Account and the Non-Resident Ordinary (NRO) Account. These
👌👌👌👌👌Monetary policy dilemma: Control inflation or support growth, says RBI’s Patra – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/dilemma-for-monetary-policy-says-rbi-dy-guv-patra/article68782512.ece RBI Deputy Governor Patra discusses India’s growth trajectory, inflation control, and monetary policy dilemma at New York Fed Seminar. Uncertainty shocks for India
👌👌👌👌👌India poised to rebound to 8% growth trend: RBI Deputy Governor Patra | Economy & Policy News – Business Standard
lipped from: https://www.business-standard.com/economy/news/india-poised-to-rebound-to-8-growth-trend-rbi-deputy-governor-patra-124102200993_1.html Headline inflation likely to remain on track throughout 2025-26 (Photo: Reuters) Following the pandemic recovery, India is likely to return to its long-term
Axis Bank, Kotak Mahindra Bank, and RBL Bank saw increased slippages from unsecured loans like credit cards in Q2, but HDFC Bank remained unaffected
Clipped from: https://www.business-standard.com/industry/banking/private-banks-see-elevated-slippages-from-unsecured-loans-in-q2fy25-124102100969_1.html Axis Bank, Kotak Mahindra Bank, and RBL Bank saw increased slippages from unsecured loans like credit cards in Q2, but HDFC Bank remained
👌👌👌Monetary policy can’t quell stubborn food inflation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/monetary-policy-cant-quell-stubborn-food-inflation/article68760997.ece Monetary policy cannot do very much to control food inflation, given that it is caused by supply bottlenecks rather than increase in demand
👌👌👌Why exchange rate volatility is essential for economic flexibility | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/why-exchange-rate-volatility-is-essential-for-economic-flexibility-124101701598_1.html While some people view exchange rate fluctuation as detrimental to the economy, it is, in fact, a crucial element of economic flexibility In
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