Category: RBI–Banks
New credit assessment model for MSMEs under way – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/new-credit-assessment-model-for-msmes-under-way/article68559499.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/new-credit-assessment-model-for-msmes-under-way/article68559499.ece New MSME model based on digital footprints is an improvement from traditional assessment of credit eligibility based only on asset or turnover
SBI does not see any problem in mobilising deposits–says SBI Chairman
https://www.business-standard.com/industry/banking/no-challenges-ahead-for-sbi-in-deposit-mobilisation-chairman-dinesh-khara-124082300842_1.html Clipped from: https://www.business-standard.com/industry/banking/no-challenges-ahead-for-sbi-in-deposit-mobilisation-chairman-dinesh-khara-124082300842_1.html In response to declining deposits, several Indian banks have introduced limited-period special fixed deposit schemes with higher interest rates for specific tenures
👍Banking laws Bill extends tenure of cooperative banks’ directors to 10 yrs | Finance News – Business Standard
https://www.business-standard.com/finance/news/banking-laws-bill-2024-extends-tenure-of-co-op-bank-directors-to-10-years-124080900641_1.html Clipped from: https://www.business-standard.com/finance/news/banking-laws-bill-2024-extends-tenure-of-co-op-bank-directors-to-10-years-124080900641_1.html Changes to banking laws have a consumer tilt; no proposal that would allow change in ownership pattern of PSBs Better protection for
Rates to remain elevated for loans, bulk deposits: Bank of India MD & CEO | Interviews – Business Standard
https://www.business-standard.com/companies/interviews/interest-rates-to-remain-elevated-for-loans-and-bulk-deposits-karnatak-124080901576_1.html lipped from: https://www.business-standard.com/companies/interviews/interest-rates-to-remain-elevated-for-loans-and-bulk-deposits-karnatak-124080901576_1.html With rising cost of funds, loans rates on highly rated corporates will need a relook to protect margins, he says Rajneesh Karnatak,
RBI survey: Bankers remain upbeat on loan demand – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/bankers-remain-upbeat-on-loan-demand-rbi-survey/article68504788.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/bankers-remain-upbeat-on-loan-demand-rbi-survey/article68504788.ece Easy loan terms and conditions are expected to continue in the second half of 2023-24, except for the mining sector Notwithstanding concerns
👍👍👍Bank deposit, locker holders can soon name up to 4 nominees – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/new-bill-to-amend-bank-laws-deposit-accounts-lockers-to-have-up-to-four-nominees/article68506240.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/new-bill-to-amend-bank-laws-deposit-accounts-lockers-to-have-up-to-four-nominees/article68506240.ece More number aimed at reducing unclaimed deposits with bank Soon, deposit holders or locker holders can name up to four persons as
👍👍👍Fintech solutions can positively impact income, savings: CEA Nageswaran | Finance News – Business Standard
https://www.business-standard.com/finance/news/fintech-solutions-can-positively-impact-income-and-wealth-creation-cea-124080801467_1.html Clipped from: https://www.business-standard.com/finance/news/fintech-solutions-can-positively-impact-income-and-wealth-creation-cea-124080801467_1.html Says fintech industry should be aware of the challenges that fintechs may pose to society Chief Economic Advisor V. Anantha Nageswaran The
Staying the course | Editorial Comment – Business Standard
https://www.business-standard.com/opinion/editorial/staying-the-course-124080801763_1.html Clipped from: https://www.business-standard.com/opinion/editorial/staying-the-course-124080801763_1.html Mr Das has set the record straight The 50th Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI), which
MPC could have changed stance to neutral – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/mpc-could-have-changed-stance-to-neutral/article68501615.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/mpc-could-have-changed-stance-to-neutral/article68501615.ece A change in stance now would have made it possible for a rate cut later this calendar year, if the growth impulse
Do bulk deposits benefit banks? – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/do-bulk-deposits-benefit-banks/article68497866.ece Clipped from: https://www.thehindubusinessline.com/opinion/do-bulk-deposits-benefit-banks/article68497866.ece Walkouts, even by a few big depositors, may be misinterpreted as a sign of trouble. This can be concerning The current hike
Reasoning for status quo | Editorial Comment – Business Standard
https://www.business-standard.com/opinion/editorial/reasoning-for-status-quo-124080501413_1.html Clipped from: https://www.business-standard.com/opinion/editorial/reasoning-for-status-quo-124080501413_1.html MPC cannot ignore food inflation The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is meeting this week
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