Small businesses have received a mere Rs 30-40 crore earmarked as 2% subsidy, a year after the government announced the scheme for micro, small and
Category: RBI–Banks
Is there more room for rate cuts? RBI governor Shaktikanta Das has this to say – The Financial Express
India’s central bank Governor Shaktikanta Das said there’s more room for easing monetary policy, but a lot depends on how these actions are timed. “It’s
The uncertain times continue for banks | Business Standard Column
Speaking at the Hindustan Times Leadership Summit earlier this month, Prime Minister Narendra Modi declared the emergence of India’s banking sector from the crisis of the past,
Small business credit woes to end? Loans to MSMEs likely to more than double in these many years – The Financial Express
Credit and Finance for MSMEs: MSME loans are likely to more than double in five years growing at 15 per cent CAGR between FY19 and FY24,
Indian financial system in Darwinian mode, only fittest lenders survive: Uday Kotak – The Economic Times
Noted banker Uday Kotak on Tuesday said the country’s financial system is currently in a Darwinian mode as only the fittest lenders are able to survive. The
India starts round-the-clock payments for banks to manage funds – The Economic Times
By Anirban Nag India this week joined a select club of countries offering fund transfers around the clock, a move that will give banks more flexibility
घोळ: ‘SBI’मध्ये चक्क थकीत कर्जे गायब! -महाराष्ट्र टाइम्स
भारतीय स्टेट बँकेने (एबीआय) थकीत कर्जात मोठा घोटाळा झाल्याची माहिती शेअर बाजाराला कळवली आहे. ‘पीटीआय’ने दिलेल्या वृत्तानुसार ‘एसबीआय’ने गेल्या वर्षात एकूण थकीत कर्जांपैकी सुमारे १२
What needs to be done to fix shadow banking – The Financial Express
A pointer can be that RBI should consider integrating these societies into the banking system. Every crisis in the financial sector brings to the fore
Managing urban co-op banks | Business Standard Editorials
Big changes are afoot in how urban co-operative banks (UCBs) are regulated. According to a report in this newspaper, large UCBs are expected to come
Salary delays, business downturns top reasons for loan defaults, says Creditmate report – The Financial Express
Job loss accounts for 12 percent of total defaults, while 13 percent are due to medical emergencies and 10 percent are due to migration. Salary
Co-op banks may come under banking act, forced conversion not ruled out | Business Standard News
Large urban co-operative banks (UCBs) may come to be solely under the provisions of the Banking Regulation (BR) Act, even as the smaller among them are to
MPC note shows export stagnation a long-term trend | Business Standard Column
The Reserve Bank of India (RBI) has significantly cut its economic growth forecast for the current and next financial year. Apparently, its concern to rein
Small and inclusive | The Indian Express
The new approach to granting differentiated licences to small finance banks and payment banks is welcome, especially given the current context INDIA’S central bank has
Tighter RBI norms for ARCs to buy assets – The Financial Express
Asset reconstruction companies (ARCs) will no longer be allowed to bilaterally buy assets from banks or financial institutions (FIs) that they count among their sponsors,
Money lenders, friends, family, not banks the lifeblood for SMEs – The Financial Express
Credit and Finance for MSMEs: Even as Indian MSMEs continue to struggle with access to low-cost credit, a majority 67 per cent of finance supply for
Bank Email ID Hacking: How this man got back Rs 48 lakh after losing to fraud – The Financial Express
Bank Email ID Hacking Case: Suppose a customer’s registered e-mail id is hacked and he informs about it to the bank. But the bank fails to
Mark Mobius says RBI wrong in not cutting interest rates; explains why – The Financial Express
Amid sputtering economy, the Reserve Bank of India should have cut interest rates further and it was wrong on RBI’s part to keep benchmark interest rates
RBI policy signals huge govt deficit – The Financial Express
Governor Shaktikanta Das’s observation that we need to wait for the impact of the measures taken by the government—cuts in corporation tax and the last-mile-fund
NEFT transactions to be available 24×7 from 16 December, says RBI–The Print
In a bid to promote digital transactions, the RBI Friday said round-the-clock transactions will be allowed under the National Electronic Funds Transfer (NEFT) system from
No more palliatives: Subtext of a monetary policy that surprised by maintaining status quo–Times of India
Reserve Bank of India’s monetary policy committee yesterday surprised financial markets by keeping the repo rate unchanged at 5.15%. There was widespread expectation that the
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