NEW DELHI: Amid concerns over economic slowdown, RBI chief Shaktikanta Das on Saturday said credit growth momentum is picking up and ruled out any possible spike in inflation due
Category: RBI–Banks
Banks will have to pay price if any telco files for bankruptcy: SBI Chairman – The Economic Times
NEW DELHI: SBI Chairman Rajnish Kumar on Saturday said banks will “have to pay the price” in case any telecom firm files for bankruptcy, a day after
RBI board recommends aligning accounting year with fiscal year from 2020-21 – The Economic Times
The Reserve Bank board on Saturday recommended aligning the central bank’s accounting year, beginning July, with the financial year from 2020-21, an official statement said. The Central Board
Public Credit Registry to catalyse MSMEs’ financial inclusion: Enkash – The Economic Times
Public credit registry (PCR) – being pushed by the Reserve Bank of India is aimed at capturing the details of all borrowers and willful defaulters.
Day after SC slams Bharti Airtel, Vodafone Idea, other telcos on AGR dues, RBI says this – The Financial Express
RBI Governor Shaktikanta Das on Saturday said it will have internal discussions in case there are any issues arising out of the Supreme Court order regarding
More risk capital and a strong corporate governance code, key to India’s GDP growth: Uday Kotak – The Economic Times
India’s aspirational growth of 6-7% in the future highly depends on a large amount of risk capital from domestic investors and a strong corporate governance
PMC scam: Two jailed HDIL promoters withdraw bail plea from SC – The Financial Express
HDIL promoters Rakesh Wadhawan and Sarang Wadhawan, who are in jail in connection with the multi-crore rupees Punjab & Maharashtra Cooperative (PMC) Bank scam case,
PSBs hit by fraud cases of Rs 1.17 lakh crore in April-December: RTI – The Economic Times
Indore: A total of 8,926 cases of fraud involving Rs 1.17 lakh crore hit 18 public sector banks during the first three quarters (April-December) of
Expand scope of reverse charge–Economic Times
The Central Board of Indirect Taxes and Customs (CBIC) reportedly wants its field officers to recover Rs 46,000 crore of unpaid interest on delayed goods
Overcoming challenges of Land, Labour & Capital – The Economic Times Video | ET Now
MSMEs in the country face many challenges, but the primary issues center around availability of land, problems with labour and access to capital. In fact,
RBI’s new asset recognition norms for realty credit negative for banks: Moody’s – The Financial Express
Ratings agency Moody’s on Thursday said the Reserve Bank of India’s move to revise asset recognition norms for bank loans to the real estate sector
Retail inflation: CPI inflation spikes and IIP shrinks: RBI rate cuts off the table for a long time – The Economic Times
Mumbai: India’s industrial production returned to the negative zone for December, in a worrisome development for the government, as data showed that factory output contracted
Startups: Queue of startups rushing to register abroad gets longer–Economic Times
BENGALURU: More Indian startups are incorporating their businesses overseas. Singapore, the United States, the United Kingdom, the Netherlands and the United Arab Emirates are being preferred due
Double whammy! Industrial production contracts again in December, CPI surges to 7.59% in Jan – The Economic Times
Industrial production had contracted for three months till it changed course in November. India’s annual retail inflation accelerated to its highest level in nearly six years, while
Do SMEs, startups need GST registration? Eligibility, exemption, key things to know before applying – The Financial Express
By Tanvi Loond All supplies of goods or services or both attract Goods and Services Tax (GST) at specified rates. In order to understand the requirement
MSME delayed payments: Bill discounting platform to end cashflow crisis if existing loopholes are closed – The Financial Express
By R Narayan Credit and Finance for MSMEs: The Reserve Bank of India (RBI) in 2017 instituted an online bill-discounting platform called The Trade Receivable Discounting
Yes Bank shares: Deposits are another pain point for capital-hungry YES Bank – The Economic Times
By Suvashree Ghosh and Anto Antony When a former Yes Bank Ltd. executive started selling his stake in September, the Indian lender’s top managers watched
Growth in bank lending to small businesses remain flat in FY20 so far; here’s what RBI data shows – The Financial Express
Credit and Finance for MSMEs: Credit growth to micro and small enterprises (MSE) by banks remained contracted for December 2019 also in the current financial year,
MSME: MSME restructuring extension signify RBI’s shift in stance on asset quality, transparency: Fitch – The Economic Times
NEW DELHI: The RBI extending the MSME loan restructuring scheme and allowing relaxation in asset classification for certain real-estate projects signify a gradual shift away from the
Forbearance to stressed sectors likely to defer asset quality pressures: Fitch Ratings – The Financial Express
Allowing a one-time restructuring of loans to MSMEs and the announced relaxation in asset classification for certain real estate projects mark a further dilution of
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