Category: RBI–Banks
Working capital cycle shortest in 25 years at 47.8 days, shows data
https://www.business-standard.com/industry/news/working-capital-cycle-shortest-in-25-years-at-47-8-days-shows-data-124090400004_1.html Clipped from: https://www.business-standard.com/industry/news/working-capital-cycle-shortest-in-25-years-at-47-8-days-shows-data-124090400004_1.html If the current trend holds, this would mark the shortest net working capital cycle in at least a quarter-century Listen to This
Households set to rebuild financial assets as income rises: RBI’s Patra | Finance News – Business Standard
https://www.business-standard.com/finance/news/rising-incomes-may-propel-household-asset-growth-says-rbi-s-michael-patra-124090300413_1.html lipped from: https://www.business-standard.com/finance/news/rising-incomes-may-propel-household-asset-growth-says-rbi-s-michael-patra-124090300413_1.html He noted that the rebuilding process has already begun, with household savings increasing from an average of 10.6 per cent between 2011
Banking for growth: PMJDY has improved financial inclusion. What next? | Editorial Comment – Business Standard
https://www.business-standard.com/opinion/editorial/banking-for-growth-pmjdy-has-improved-financial-inclusion-what-next-124090100703_1.html Clipped from: https://www.business-standard.com/opinion/editorial/banking-for-growth-pmjdy-has-improved-financial-inclusion-what-next-124090100703_1.html With deposit and credit facilities broadly in place, the government should now focus on spreading financial and digital literacy Listen to This
Credit Information up-dation –RBI prescribes shorter period at 15 days instead of 30 days
Higher frequency of credit data reporting is a win-win for credit bureaus, borrowers and lenders Clipped from: https://www.business-standard.com/opinion/columns/what-s-your-credit-score-know-how-its-behaviour-affects-financial-health-124090100374_1.html Representative image In August, the Reserve Bank of
Banks facing challenge in getting cyber security talent: SBI chairman | Banking – Business Standard
https://www.business-standard.com/industry/banking/banks-facing-challenge-in-getting-cyber-security-talent-sbi-s-cs-setty-124090501380_1.html lipped from: https://www.business-standard.com/industry/banking/banks-facing-challenge-in-getting-cyber-security-talent-sbi-s-cs-setty-124090501380_1.html He said SBI has been able to create resilience in the system. While ensuring this, the country’s largest lender had to ensure
SBI focuses on JanDhan, trusts, societies to mobilise incremental deposits | Company News – Business Standard
https://www.business-standard.com/companies/news/sbi-focuses-on-jandhan-trusts-societies-to-mobilise-incremental-deposits-124090501016_1.html lipped from: https://www.business-standard.com/companies/news/sbi-focuses-on-jandhan-trusts-societies-to-mobilise-incremental-deposits-124090501016_1.html SBI is using wealth banking to focus on a segment which is below affluent class but above the normal account holders In
New credit assessment model for MSMEs under way – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/new-credit-assessment-model-for-msmes-under-way/article68559499.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/new-credit-assessment-model-for-msmes-under-way/article68559499.ece New MSME model based on digital footprints is an improvement from traditional assessment of credit eligibility based only on asset or turnover
SBI does not see any problem in mobilising deposits–says SBI Chairman
https://www.business-standard.com/industry/banking/no-challenges-ahead-for-sbi-in-deposit-mobilisation-chairman-dinesh-khara-124082300842_1.html Clipped from: https://www.business-standard.com/industry/banking/no-challenges-ahead-for-sbi-in-deposit-mobilisation-chairman-dinesh-khara-124082300842_1.html In response to declining deposits, several Indian banks have introduced limited-period special fixed deposit schemes with higher interest rates for specific tenures
👍Banking laws Bill extends tenure of cooperative banks’ directors to 10 yrs | Finance News – Business Standard
https://www.business-standard.com/finance/news/banking-laws-bill-2024-extends-tenure-of-co-op-bank-directors-to-10-years-124080900641_1.html Clipped from: https://www.business-standard.com/finance/news/banking-laws-bill-2024-extends-tenure-of-co-op-bank-directors-to-10-years-124080900641_1.html Changes to banking laws have a consumer tilt; no proposal that would allow change in ownership pattern of PSBs Better protection for
Rates to remain elevated for loans, bulk deposits: Bank of India MD & CEO | Interviews – Business Standard
https://www.business-standard.com/companies/interviews/interest-rates-to-remain-elevated-for-loans-and-bulk-deposits-karnatak-124080901576_1.html lipped from: https://www.business-standard.com/companies/interviews/interest-rates-to-remain-elevated-for-loans-and-bulk-deposits-karnatak-124080901576_1.html With rising cost of funds, loans rates on highly rated corporates will need a relook to protect margins, he says Rajneesh Karnatak,
RBI survey: Bankers remain upbeat on loan demand – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/bankers-remain-upbeat-on-loan-demand-rbi-survey/article68504788.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/bankers-remain-upbeat-on-loan-demand-rbi-survey/article68504788.ece Easy loan terms and conditions are expected to continue in the second half of 2023-24, except for the mining sector Notwithstanding concerns
👍👍👍Bank deposit, locker holders can soon name up to 4 nominees – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/new-bill-to-amend-bank-laws-deposit-accounts-lockers-to-have-up-to-four-nominees/article68506240.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/new-bill-to-amend-bank-laws-deposit-accounts-lockers-to-have-up-to-four-nominees/article68506240.ece More number aimed at reducing unclaimed deposits with bank Soon, deposit holders or locker holders can name up to four persons as
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