Clipped from: https://www.business-standard.com/industry/banking/finance-ministry-urges-drts-banks-to-expedite-loan-recovery-processes-124092100715_1.html FinMin calls on DRTs to engage borrowers in smaller cases outside tribunals to alleviate pendency burden The Union Finance Ministry has advised the
Category: RBI–Banks
NRI deposits witness $5.82 billion inflows in April-July 24, shows RBI data | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/nri-deposits-witness-5-82-billion-inflows-in-april-july-24-shows-rbi-data-124092001229_1.html The NRI deposit schemes include foreign currency non-resident (FCNR) deposits, non-resident external (NRE) deposits, and non-resident ordinary (NRO) deposits Overseas Indians deposited about
Credit-deposit gap narrows as banks boost deposit rate: RBI report | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/credit-deposit-gap-narrows-as-banks-boost-deposit-rate-rbi-report-124092001250_1.html With inflation easing household consumption to growth faster in Q2 (Photo: Shutterstock) Listen to This Article The gap between credit and deposit growth
Banks’ certificate of deposit issuances grew by more than 65% – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-certificate-of-deposit-issuances-grew-by-more-than-65-per-cent/article68664845.ece CD issuances surge by 65% to ₹4.51 lakh crore in 2024-25, bridging credit-deposit gap for banks, offering higher interest rates Certificate of deposit
Why US Fed cut interest rates, how India could be impacted
Clipped from: https://indianexpress.com/article/explained/explained-economics/why-us-fed-cut-interest-rates-how-india-could-be-impacted-9577878/ A cut in interest rate typically incentivises economic activity, promotes growth, and increases job creation by making it cheaper for people to borrow
Fed rate cut won’t “significantly impact” inflows to India: Seth – Economy News | The Financial Express
Clipped from: https://www.financialexpress.com/policy/economy-fed-rate-cut-wont-significantly-impact-inflows-to-india-seth-3616175/ The Reserve Bank of India’s Monetary Policy Committee meeting is scheduled for October 7-9. The RBI has left the repo rate unchanged at
US Fed Chair Powell’s 50 Bps Rate Cut: A Sign of Confidence or Caution? – Investing Abroad News | The Financial Express
Clipped from: https://www.financialexpress.com/business/investing-abroad-jerome-powells-bold-move-analysts-split-on-feds-50-bps-rate-cut-3615517/ The market’s negative response to the Fed’s unexpected 50 bps rate cut raises questions about the underlying health of the economy. The decision
Rising bank credit highlights financing strain as non-bank flows decline – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rising-bank-credit-highlights-financing-strain-as-non-bank-flows-decline/3616153/ The sharp growth in bank credit shares reflects a devolvement of the growing deficit in non-bank resource flows, especially foreign. Increased dependency on
👌👌👌RBI unlikely to cut rates soon, but prolonged elevation could harm economy – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/rbi-unlikely-to-cut-rates-soon-but-prolonged-elevation-could-harm-economy/3616140/ Clipped from: https://www.financialexpress.com/opinion/rbi-unlikely-to-cut-rates-soon-but-prolonged-elevation-could-harm-economy/3616140/ Our central bank may not immediately follow what Fed has done, but rates should not remain elevated for very long. Back home,
👌RBI unlikely to follow the Fed in cutting rates – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/rbi-unlikely-to-follow-the-fed-in-cutting-rates/article68660705.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-unlikely-to-follow-the-fed-in-cutting-rates/article68660705.ece The better liquidity position may provide the cushion to the Central Bank to ensure that the financial system can support the festive
👌👌👌Fed rate cuts: Despite 50-bps rate cut, Jerome Powell says not going back to the era of easy money – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/technical-analysis/fed-rate-cuts-despite-50-bps-rate-cut-jerome-powell-says-not-going-back-to-the-era-of-easy-money/article68658793.ece Clipped from: https://www.thehindubusinessline.com/portfolio/technical-analysis/fed-rate-cuts-despite-50-bps-rate-cut-jerome-powell-says-not-going-back-to-the-era-of-easy-money/article68658793.ece Nifty and Dollar turn volatile, projections show 50-bps more rate cut for this year The US Federal Reserve on Wednesday made a
Banks take securitisation route for liquidity, lower credit deposit ratio | Finance News – Business Standard
https://www.business-standard.com/finance/news/banks-take-securitisation-route-for-liquidity-lower-credit-deposit-ratio-124091901089_1.html Clipped from: https://www.business-standard.com/finance/news/banks-take-securitisation-route-for-liquidity-lower-credit-deposit-ratio-124091901089_1.html Rating agency ICRA estimates Rs 45,000 crore to Rs 50,000 worth of securitisation and direct assignment deals in the July-Sep quarter Representative
👌👌👌👌👌Transaction limit for Tax Payment using UPI increased to 5 lakh in Single Transaction
Clipped from: https://www.taxscan.in/transaction-limit-for-tax-payment-using-upi-increased-to-5-lakh-in-single-transaction/437954/ The National Payments Corporation of India ( NPCI ) has increased transaction limits for tax payments using Unified Payments Interface ( UPI ), allowing people
RBI unlikely to cut rates in 2024 amid food inflation uncertainty: SBI | Finance News – Business Standard
https://www.business-standard.com/finance/news/rbi-unlikely-to-cut-rates-in-2024-over-food-inflation-uncertainty-sbi-124091800672_1.html Clipped from: https://www.business-standard.com/finance/news/rbi-unlikely-to-cut-rates-in-2024-over-food-inflation-uncertainty-sbi-124091800672_1.html The US Federal Reserve’s first cut in interest rates in more than four years is expected soon, triggering central banks in other
‘Unsecured credit growth slows but demand remains strong’: Fibe co-founder | Start Ups – Business Standard
https://www.business-standard.com/companies/start-ups/even-as-unsecured-credit-growth-moderates-demand-persists-fibe-co-founder-124091801116_1.html Clipped from: https://www.business-standard.com/companies/start-ups/even-as-unsecured-credit-growth-moderates-demand-persists-fibe-co-founder-124091801116_1.html Digital lending company Fibe sanctioned 46.6 million loans in H2FY24, showing an 8.4 per cent increase from H1FY24. The firm has raised
👌Corporate bond market needs to be strengthened: SBI chairman Setty | Finance News – Business Standard
https://www.business-standard.com/finance/news/corporate-bond-market-needs-to-be-strengthened-sbi-chairman-setty-124091801465_1.html Clipped from: https://www.business-standard.com/finance/news/corporate-bond-market-needs-to-be-strengthened-sbi-chairman-setty-124091801465_1.html “One of the major points in corporate lending is that it was mainly done by banks. Corporate bond market still has to
👌👌👌Casa ratio of banks may fall to pre-Covid level: SBI chief CS Setty | Banking – Business Standard
https://www.business-standard.com/industry/banking/casa-ratio-may-fall-further-as-govt-enhances-cash-management-sbi-chairman-124091801239_1.html Clipped from: https://www.business-standard.com/industry/banking/casa-ratio-may-fall-further-as-govt-enhances-cash-management-sbi-chairman-124091801239_1.html But Setty says SBI will hold on to current share by tapping small businesses The share of low-cost deposits in the banking
👌👌👌Bank of Baroda introduces GenAI-powered virtual relationship manager for conversational banking – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/bank-of-baroda-introduces-genai-powered-virtual-relationship-manager-for-conversational-banking/article68650732.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/bank-of-baroda-introduces-genai-powered-virtual-relationship-manager-for-conversational-banking/article68650732.ece These human-like interface presented in the form of digital avatars, offer conversational banking across a range of services Bank of Baroda (BoB)
👌Gold loan surges post RBI curbs on unsecured personal credit – The Hindu BusinessLine
https://www.thehindubusinessline.com/data-stories/data-focus/gold-loans-from-banks-and-nbfcs-surge-as-rbi-clamps-down-on-unsecured-personal-loans/article68651437.ece Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/gold-loans-from-banks-and-nbfcs-surge-as-rbi-clamps-down-on-unsecured-personal-loans/article68651437.ece NBFCs lead, but banks’ gold loan outstandings have risen 30% y-o-y as of June The Reserve Bank of India’s clampdown on unsecured lending has
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