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
Category: RBI–Banks
Banks reported sharp increase in number of frauds in FY24 ——- https://www.thehindubusinessline.com/money-and-banking/banks-reported-sharp-increase-in-number-of-frauds-in-fy24/article68233284.ece
Public sector banks and private sector banks have reported a sharp increase in the number of frauds in FY24 even as the amount involved declined.
👍👍👍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
👍👍👍Sources and uses of RBI surpluses – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/sources-and-uses-of-rbi-surpluses/3500868/ Clipped from: https://www.financialexpress.com/opinion/sources-and-uses-of-rbi-surpluses/3500868/ While surpluses of up to Rs 1 trillion look plausible under normal conditions, the present surplus is big. It would be the
👍👍👍👍👍How long will the good run last? | Expert Views – Business Standard
https://www.business-standard.com/opinion/columns/how-long-will-the-good-run-last-124052600382_1.html Clipped from: https://www.business-standard.com/opinion/columns/how-long-will-the-good-run-last-124052600382_1.html In public, bankers exude confidence and say everything is hunky-dory, but the rising defaults in a few pockets don’t exactly suggest this
Liquidity tight as Centre’s cash balances pile up – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/liquidity-tight-as-centres-cash-balances-pile-up/article68218860.ece Clipped from: https://www.thehindubusinessline.com/opinion/liquidity-tight-as-centres-cash-balances-pile-up/article68218860.ece G-sec yields are likely to ease further. The RBI in its June review is expected to hold rates Liquidity appears to be
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
The nomadic life of a PSU banker | Expert Views – Business Standard
https://www.business-standard.com/opinion/columns/the-nomadic-life-of-a-psu-banker-124051900340_1.html Clipped from: https://www.business-standard.com/opinion/columns/the-nomadic-life-of-a-psu-banker-124051900340_1.html Here’s a peek into the life of a public sector banker who did well professionally, but paid a price for it Representative
Gold loan business is shining as regulatory scrutiny of sector grows | Finance News – Business Standard
https://www.business-standard.com/finance/news/gold-loan-business-is-shining-as-regulatory-scrutiny-of-sector-grows-124051900584_1.html Clipped from: https://www.business-standard.com/finance/news/gold-loan-business-is-shining-as-regulatory-scrutiny-of-sector-grows-124051900584_1.html Recent RBI actions many increase companies’ operational cost for but there is enough headroom for growth, say experts In mid-March this year,
A higher interchange is critical for ATM biz: India1 MD & CEO K Srinivas | Interviews – Business Standard
https://www.business-standard.com/finance/interviews/a-higher-interchange-is-critical-for-atm-biz-india1-md-ceo-k-srinivas-124051900586_1.html Clipped from: https://www.business-standard.com/finance/interviews/a-higher-interchange-is-critical-for-atm-biz-india1-md-ceo-k-srinivas-124051900586_1.html The country’s largest WLAO, India1, with a tad over 13,000 units, feels it can double deployments by FY28 K Srinivas, managing director
Getting a credit card is easy but closing it needs a checklist of tasks | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/getting-a-credit-card-is-easy-but-closing-it-needs-a-checklist-of-tasks-124051601547_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/getting-a-credit-card-is-easy-but-closing-it-needs-a-checklist-of-tasks-124051601547_1.html Get a confirmation letter from issuer confirming closure, ensure it says you have no dues A credit card’s value and rewards change
Govt will receive 30% more dividend from public sector banks in FY24 – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/govt-will-receive-30-more-dividend-from-public-sector-banks-in-fy24/article68193528.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/govt-will-receive-30-more-dividend-from-public-sector-banks-in-fy24/article68193528.ece PSBs will pay dividends aggregating ₹18,013 crore to the government in FY24 against ₹13,804 crore in the preceding financial year The government
Why rate cuts remain elusive – The Hindu BusinessLine
https://www.thehindubusinessline.com/specials/current-account/why-rate-cuts-remain-elusive/article68193346.ece lipped from: https://www.thehindubusinessline.com/specials/current-account/why-rate-cuts-remain-elusive/article68193346.ece From elections to monsoons, a host of uncertainties impinge on the monetary policy committee’s next moves The monetary policy committee (MPC) of
Banks, NBFCs expand sales team amid digital clampdown – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/banks-nbfcs-expand-sales-team-amid-digital-clampdown/article68193471.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-nbfcs-expand-sales-team-amid-digital-clampdown/article68193471.ece Focus shifts to Tier-2 and Tier-3 cities in retail lending and microfinance TeamLease Services, a staffing firm, has 10,000-13,000 such open positions
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