The Reserve Bank of India (RBI) has asked banks to secure their customer card data after a website reported that nearly 1.3 million debit and credit card
Category: RBI–Banks
Don’t hesitate to give loans to self-help groups backed by credible spiritual leaders: Nirmala Sitharaman to banks – The Financial Express
Union Finance Minister Nirmala Sitharaman on Wednesday lauded self-help group movements led by religious and spiritual leaders and advised banks to give up any hesitation
P2P lending: Sachetisation of loans: It may already be happening with P2P Lending – The Economic Times
By Rajat Gandhi What happens when an economy is in a flux and growth has slowed down? Demand slows, investment slows down, jobs are lost
Insurance Deposit limit | View: It’s time to revise the limit of deposit insurance cover–Economic Times
By Manas R Das The last time the deposit insurance coverage limit was revised was in May 1993, when a ‘bullet’ hike was effected from
NPA ailment: Financial sector fragility persists – The Financial Express
These counters could keep the lid on NPAs, preventing a full-blown reversal of the cycle. Is the non-performing asset cycle beginning to reverse after a
How safe is your money with Indian banks? | Business Standard Column
Till Infrastructure Leasing & Financial Services Ltd and Diwan Housing Finance Corp. Ltd stole the limelight in the second half of 2018 for all the
Lessons from PMC: Why govt is responsible for co-operative bank crises | Business Standard Column
It is a month now that the Reserve Bank of India (RBI) has suspended the fraud-ridden normal functioning of the Punjab and Maharashtra Cooperative (PMC)
More reforms, innovation to spur Indian growth: World Bank president – The Economic Times
India must undertake financial reforms in three key areas — sound regulations for non-banking financial companies (NBFCs), allow private sector banks in a big way
India remains vulnerable to credit and debit card frauds despite measures | Business Standard News
Despite strong measures taken by the Reserve Bank of India to prevent credit and debit card fraud, the National Crime Records Bureau — in its
Credit culture needs to change – The Economic Times
The fraud at Punjab and Maharashtra Co-operative (PMC) Bank shows that there is a rot in the system and not the bank. If unchecked, it
Adopting new ways to boost MSME credit – The Hindu BusinessLine
Funding project clusters and taking collective credit guarantees can make a difference This month, bankers moved to shamiana camps in the districts for mass lending
Indian economy in transition phase, growth to come back: SBI Chairman – The Economic Times
When asked about cryptocurrency, which has been banned in India, the SBI chairman said the way the world is moving towards digitisation, at some stage,
Risk of contagion in financial sector rising: S&P – The Economic Times
In its base case, S&P expects that the resolution of weak finance companies will be “swift and orderly”, and contagion will be managed. The Indian
M&A deals set to surge further as founders face cash squeeze, says Axis Capital – The Hindu BusinessLine
The financing squeeze has already taken a toll on the country’s economic expansion, which in turn erodes borrowers’ capability to repay further Deal volumes in
For a private market in deposit insurance – The Hindu BusinessLine
Depositors’ claims can be settled faster if the DICGC acted only as a re-insurer and private/public sector players offer protection It is nearly four weeks
Banks NPA Sales: Resolution delay forces banks to put NPAs on sale–Economic Times
Banks have been forced to put nonperforming assets (NPAs) worth Rs 40,000 crore up for sale in sectors such as power, roadways and telecom in
Government to soon change definition of MSMEs: Nitin Gadkari – The Economic Times
The government will soon make changes to the definition of a micro, small and medium enterprise, Union Minister Nitin Gadkari said on Tuesday and hoped to generate
RBI: RBI bans use of agents to chase loans – The Economic Times
The dos and don’ts, according to a source, may be linked to the norms followed by the 39-member club of Financial Action Task Force. Banks will
Banks need to rapidly reinvent to strengthen profitability, boost returns: Report – The Economic Times
At a time when growth is slowing, productivity gains are fading and digital pressures are on the rise, the banking sector should consider a suite
Mutual fund securitisation deals: Mutual funds object to securitisation deals by DHFL–Economic Times
Negotiations on the Dewan Housing Finance Corp. Ltd (DHFL) debt resolution plan seem to have hit a roadblock. Mutual funds have objected to securitisation deals undertaken by DHFLNSE
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