https://www.thehindubusinessline.com/money-and-banking/public-sector-banks-mergers-driven-by-clear-political-agendas-aiubeas-general-secretary-n-shankar/article67884444.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/public-sector-banks-mergers-driven-by-clear-political-agendas-aiubeas-general-secretary-n-shankar/article67884444.ece While labour unions are actively protesting against further mergers, central government appears inclined to pursue its policies of merger, says All India
Category: RBI–Banks
ARCs want banks to sell loan accounts showing signs of incipient stress – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/arcs-want-banks-to-sell-loan-accounts-showing-signs-of-incipient-stress/article67884742.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/arcs-want-banks-to-sell-loan-accounts-showing-signs-of-incipient-stress/article67884742.ece This will help maximise recoveries for lenders, say experts Asset reconstruction companies (ARCs) want banks to sell bad loans at an incipient
👌Express View on inflation in India: A good report card | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/express-view-on-inflation-in-india-a-good-report-card-9177784/ A recent RBI study points to welcome trend: Combination of steady growth momentum and moderate inflation continues Other indicators of private consumption such
👌👌👌ARCs’ bad loan portfolio to touch Rs 1.6 trillion by FY25, says CRISIL | Company News – Business Standard
https://www.business-standard.com/companies/news/arcs-bad-loan-portfolio-to-touch-rs-1-6-trn-by-march-2025-crisil-124022301041_1.html Clipped from: https://www.business-standard.com/companies/news/arcs-bad-loan-portfolio-to-touch-rs-1-6-trn-by-march-2025-crisil-124022301041_1.html The report said the growth in the future would largely be driven by higher acquisitions, though capped by quicker resolutions expected in
👌Credit sanction to entities–particularly the MSMEs will become easy–
With appropriate consent from the supplier / recipient, GSTN is empowered to disclose specific details submitted in the GST registration application, along with data from
👌👌👌Mr. Jayanth Varma–The lone MPC member who advocated reduction in Repo rate
He strongly feels that the real interest of 2% is very high and that it is impeding growth. He further feels that even the continuance
👌RBI to conduct 13-day VRR auction to infuse Rs 1 trillion on Friday | Finance News – Business Standard
https://www.business-standard.com/finance/news/rbi-to-conduct-13-day-vrr-auction-to-infuse-rs-1-trillion-on-friday-124022201052_1.html Clipped from: https://www.business-standard.com/finance/news/rbi-to-conduct-13-day-vrr-auction-to-infuse-rs-1-trillion-on-friday-124022201052_1.html Despite the slew of VRR auctions being conducted by the RBI since February 8, the persistent liquidity deficit in the banking system
👌👌👌MPC member warns against high real interest rate, calls for cautious approach to inflation and growth – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/mpc-member-warns-against-high-real-interest-rate-calls-for-cautious-approach-to-inflation-and-growth/article67875416.ece lipped from: https://www.thehindubusinessline.com/money-and-banking/mpc-member-warns-against-high-real-interest-rate-calls-for-cautious-approach-to-inflation-and-growth/article67875416.ece I don’t believe that such a high real rate is required at this stage to drive inflation down to the target of
👌👌👌Measures to ensure that the call money rate largely stays at the repo rate required: MPC member Goyal – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/measures-to-ensure-that-the-call-money-rate-largely-stays-at-the-repo-rate-required-mpc-member-goyal/article67875554.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/measures-to-ensure-that-the-call-money-rate-largely-stays-at-the-repo-rate-required-mpc-member-goyal/article67875554.ece Moving to the just-in-time mode would save interest costs. Money market timings can be extended and market microstructure developed to enable banks
Rs 1.8 cr passed through mule accounts: How you are being duped by this scam | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/49-increases-in-fraud-cases-how-money-mule-bank-accounts-are-duping-you-124022200137_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/49-increases-in-fraud-cases-how-money-mule-bank-accounts-are-duping-you-124022200137_1.html Mule accounts are essentially bank accounts that receive funds from illegal activities and then transfer them elsewhere, acting as a bridge in
FSDC to formulate strategy to simplify, digitalise KYC process, curb illegal loan apps – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/fsdc-to-formulate-strategy-to-simplify-digitalise-kyc-process-curb-illegal-loan-apps/article67871559.ece Clipped from: https://www.thehindubusinessline.com/economy/fsdc-to-formulate-strategy-to-simplify-digitalise-kyc-process-curb-illegal-loan-apps/article67871559.ece The council met in Delhi under the Chairpersonship of Finance Minister Nirmala Sitharman After the Paytm Payment Bank debacle, the Finance Stability
Fintech loans comprise 62% personal loan sanction volumes in H1 – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/fintech-loans-comprise-62-personal-loan-sanction-volumes-in-h1/article67871662.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/fintech-loans-comprise-62-personal-loan-sanction-volumes-in-h1/article67871662.ece The report, which analysed data of 71 fintech NBFCs from April 2018 to September 2023, said that fintechs have doubled their market
Account takeovers, mule accounts leading cause of bank frauds in India – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/account-takeovers-mule-accounts-leading-cause-of-bank-frauds-in-india/article67871871.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/account-takeovers-mule-accounts-leading-cause-of-bank-frauds-in-india/article67871871.ece Most mule activity at 14 per cent of the total, was seen in Bhubaneswar followed by Lucknow and Navi Mumbai for 3.4 per cent each
KYC compliance: Time consuming, repetitive but critical for your safety | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/kyc-compliance-time-consuming-repetitive-but-critical-for-your-safety-124022101009_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/kyc-compliance-time-consuming-repetitive-but-critical-for-your-safety-124022101009_1.html Update your documents regularly so that you are able to fulfil KYC demands seamlessly Representative Picture The Reserve Bank of India’s (RBI’s)
👌Lenders form panel to protect bank executives against graft cases
https://www.business-standard.com/finance/news/lenders-form-panel-to-protect-bank-executives-against-graft-cases-124022100453_1.html Clipped from: https://www.business-standard.com/finance/news/lenders-form-panel-to-protect-bank-executives-against-graft-cases-124022100453_1.html The committee, headed by D C Jain, a former senior officer with the CBI, is expected to suggest ways to protect bank
👌👌👌Asia will continue to stay on course with disinflation: RBI’s Patra | Economy & Policy News – Business Standard
https://www.business-standard.com/economy/news/asia-will-continue-to-stay-on-course-with-disinflation-rbi-s-patra-124022000655_1.html Clipped from: https://www.business-standard.com/economy/news/asia-will-continue-to-stay-on-course-with-disinflation-rbi-s-patra-124022000655_1.html Signs are pointing towards alignment with central bank targets, says RBI Deputy Governor Debabrata Patra Michael Debabrata Patra, Deputy Governor, RBI Asia
Paytm nodal account: Axis Bank to get “fee and float” boost – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/paytm-nodal-account-axis-bank-to-get-fee-and-float-boost/article67863755.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/paytm-nodal-account-axis-bank-to-get-fee-and-float-boost/article67863755.ece The private sector bank will earn a fee from OCL due to merchant settlements happening through the nodal account Axis Bank’s income
After shifting nodal accounts to Axis, Paytm to seek third-party app licence from NPCI – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/after-shifting-nodal-accounts-to-axis-paytm-to-seek-third-party-app-licence-from-npci/article67864120.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/after-shifting-nodal-accounts-to-axis-paytm-to-seek-third-party-app-licence-from-npci/article67864120.ece Paytm is presently not classified as a TPAP due to UPI transactions being routed through Paytm Payments Bank After shifting its nodal
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