With the slowdown in economic growth, the clamour for a cut in interest rates has been growing. Though the Reserve Bank of India’s (RBI’s) monetary
Category: RBI–Banks
Govt working with RBI, reworking laws to help distressed home buyers: FM | Business Standard News
Union Finance Minister Nirmala Sitharaman on Tuesday said that the real estate sector needs the government’s attention and the Centre is working with the Reserve Bank of India (RBI) towards
MSMEs attract 85% industry credit in September; monthly growth turns positive for 1st time in FY20 – The Financial Express
Credit and Finance for MSMEs: Monthly growth in credit to industry has turned positive for the month of September in the current financial year by Rs
What next Lakshmi Vilas Bank? | Business Standard Column
After the Reserve Bank of India (RBI) rejected Indiabulls Housing Finance Ltd’s plan to be merged with Lakshmi Vilas Bank Ltd (LVB), the housing finance company hopes to focus on the
Three banks report NPA divergence a day after Sebi directive – The Economic Times
A day after market regulator Sebi put in place tighter disclosure norms, Lakshmi Vilas BankNSE 4.87 % and two other lenders on Friday reported divergence in their bad loans
Diluting Govt Stake Below 50 In PSBs No Solution Unions – BW Businessworld
Associations of employees and officers of public sector banks (PSBs) have expressed disagreement with Nobel laureate Abhijit Banerjee’s view that the government should privatise PSBs
Don’t cheer for rate cuts! Banks have only transmitted 0.6 per cent of 2.25 per cent repo cut by RBI, choking up the economy–Business Today
Do not cheer for RBI repo rate cut. It means everything and yet results in nothing. Because the economy is choked up. Not for any fault
Raghuram Rajan: Two-third of my tenure as RBI governor was under BJP, Raghuram Rajan reminds Sitharaman
Former RBI Governor Raghuram Rajan, who faced a stinging attack from Finance Minister Nirmala Sitharaman for presiding over the “worst phase” of the Indian banking sector, on Thursday reminded her
RBI asks Indian banks to probe alleged data leak of 1.3 million cards – The Economic Times
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
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,
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