The RBI must keep up its strict vigil over ARCs – The Hindu BusinessLine

https://www.thehindubusinessline.com/opinion/editorial/the-rbi-must-keep-up-its-strict-vigil-over-arcs/article68269280.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-rbi-must-keep-up-its-strict-vigil-over-arcs/article68269280.ece Despite 29 ARCs springing up, they have largely failed to deliver on the objective as an efficient means to stressed asset resolution

👍👍👍MPS norm: FinMin may extend August deadline for PSBs, insurance firms | Economy & Policy News – Business Standard

https://www.business-standard.com/economy/news/psu-banks-insurance-companies-may-get-more-time-to-meet-mps-norms-124060200450_1.html Clipped from: https://www.business-standard.com/economy/news/psu-banks-insurance-companies-may-get-more-time-to-meet-mps-norms-124060200450_1.html Five PSBs are planning to reduce government stake to less than 75% Illustration: Ajay Mohanty Listen to This Article The finance ministry

👍👍👍Private credit deals surge as high returns attract investors – The Hindu BusinessLine

https://www.thehindubusinessline.com/markets/private-credit-deals-surge-as-high-returns-attract-investors/article68174607.ece Clipped from: https://www.thehindubusinessline.com/markets/private-credit-deals-surge-as-high-returns-attract-investors/article68174607.ece Private credit in India is booming, attracting big players and offering high returns, with innovative structured solutions for companies Last month, Blackstone

Banks reported sharp increase in number of frauds in FY24 – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/banks-reported-sharp-increase-in-number-of-frauds-in-fy24/article68233284.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-reported-sharp-increase-in-number-of-frauds-in-fy24/article68233284.ece The amount involved in the frauds declined about 47 per cent to ₹13,930 crore (₹26,127 crore). Public sector banks and private sector

👍👍👍Algo-based MSME lending: How AI can make credit assessment more inclusive, accurate, efficient – SME News | The Financial Express

https://www.financialexpress.com/business/sme/algo-based-msme-lending-how-ai-can-make-credit-assessment-more-inclusive-accurate-efficient/3501851/ Clipped from: https://www.financialexpress.com/business/sme/algo-based-msme-lending-how-ai-can-make-credit-assessment-more-inclusive-accurate-efficient/3501851/ On May 15th, RBI Deputy Governor Swaminathan J cautioned non-banking financial companies (NBFCs) against over-reliance on algorithm-based credit models. While these models

Credit card spends fall 5% in April, pace of new card additions slower – The Hindu BusinessLine

https://www.thehindubusinessline.com/incoming/credit-card-spends-fall-5-in-april-pace-of-new-card-additions-slower/article68218971.ece Clipped from: https://www.thehindubusinessline.com/incoming/credit-card-spends-fall-5-in-april-pace-of-new-card-additions-slower/article68218971.ece Spends in March 2024 were at ₹1.64-lakh crore, also lower than the peak of ₹1.79-lakh crore seen in October 2023 due to

India to get rating support if it uses RBI dividend to reduce deficit: S&P | Economy & Policy News – Business Standard

https://www.business-standard.com/economy/news/india-to-get-rating-support-if-it-uses-rbi-dividend-to-reduce-deficit-s-p-124052301178_1.html Clipped from: https://www.business-standard.com/economy/news/india-to-get-rating-support-if-it-uses-rbi-dividend-to-reduce-deficit-s-p-124052301178_1.html The interim budget presented in Parliament earlier in the year targets a fiscal deficit of 5.1 per cent of the GDP Listen

What will be the impact of the RBI’s cash disbursal limit on gold loan? | Personal Finance – Business Standard

https://www.business-standard.com/finance/personal-finance/what-will-be-the-impact-of-the-rbi-s-cash-disbursal-limit-on-gold-loan-124052301204_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/what-will-be-the-impact-of-the-rbi-s-cash-disbursal-limit-on-gold-loan-124052301204_1.html The push for increased transparency and reduced cash transactions aligns well with the RBI’s objectives, promoting a more secure and compliant lending

RBI approves record ₹2.1 lakh crore surplus transfer to government – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/rbi-approves-record-21-lakh-crore-surplus-transfer-to-government/article68203416.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-approves-record-21-lakh-crore-surplus-transfer-to-government/article68203416.ece This significant transfer is expected to reduce the government’s borrowing requirements and positively impact G-Sec yields The Central Board of Directors of

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