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
Category: RBI–Banks
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
Last mile woes: On inflation data and the challenges – The Hindu
https://www.thehindu.com/opinion/editorial/%E2%80%8Blast-mile-woes-on-inflation-data-and-the-challenges/article68639297.ece Clipped from: https://www.thehindu.com/opinion/editorial/%E2%80%8Blast-mile-woes-on-inflation-data-and-the-challenges/article68639297.ece Inflation should not be allowed to undermine the economic momentum The latest retail inflation data from the National Statistical Office yet again highlights the
Review inflation target: Should food be excluded from RBI’s measure? – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/review-inflation-target-should-food-be-excluded-from-rbis-measure/3610683/?ref=morelatest_hp Clipped from: https://www.financialexpress.com/opinion/review-inflation-target-should-food-be-excluded-from-rbis-measure/3610683/?ref=morelatest_hp Review of the flexible inflation targeting framework sought on questionable grounds. It is not only the inflation targeting framework, but all monetary
Estimating banks’ liquidity needs, a tricky issue – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/estimating-banks-liquidity-needs-a-tricky-issue/article68635312.ece Clipped from: https://www.thehindubusinessline.com/opinion/estimating-banks-liquidity-needs-a-tricky-issue/article68635312.ece RBI’s draft guidelines on liquidity coverage ratio are useful, but internet banking complicates matters for banks Liquidity risk arises when a bank
MPC cannot afford to look the other way despite moderating inflation: RBI Guv Das – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/mpc-cannot-afford-to-look-the-other-way-despite-moderating-inflation-rbi-guv-das/article68637473.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/mpc-cannot-afford-to-look-the-other-way-despite-moderating-inflation-rbi-guv-das/article68637473.ece Inflation has moderated from peak of 7.8% in April 2022; but we still have distance to cover, says RBI Governor Shaktikanta Das
👌👌👌RBI’s push for deposit growth: Examining the real issues facing banks
https://www.business-standard.com/opinion/columns/rbi-s-push-for-deposit-growth-examining-the-real-issues-facing-banks-124091101466_1.html Clipped from: https://www.business-standard.com/opinion/columns/rbi-s-push-for-deposit-growth-examining-the-real-issues-facing-banks-124091101466_1.html Some analysts contend that the deposit problem is entirely imaginary, but slow retail deposit growth and shifts in savings trends reveal valid
👌Banking system could face liquidity challenges, cautions FICCI-IBA Survey of Banks – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/banking-system-could-face-liquidity-challenges-cautions-ficci-iba-survey-of-banks/article68626333.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/banking-system-could-face-liquidity-challenges-cautions-ficci-iba-survey-of-banks/article68626333.ece More than two-thirds of respondent banks reported a decrease in the share of CASA deposits Customers’ search for higher-yielding investments and the
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