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
Category: RBI–Banks
👌👌👌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
P2P lending is risky; investors must diversify their borrower profiles | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/p2p-lending-is-risky-investors-must-diversify-their-borrower-profiles-124021501747_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/p2p-lending-is-risky-investors-must-diversify-their-borrower-profiles-124021501747_1.html Lenders get the benefit of monthly cash flows and control, but they must avoid platforms promising high returns ILLUSTRATION: AJAY MOHANTY M
The new challenge on the banking turf | Expert Views – Business Standard
https://www.business-standard.com/opinion/columns/the-new-challenge-on-the-banking-turf-124021800321_1.html Clipped from: https://www.business-standard.com/opinion/columns/the-new-challenge-on-the-banking-turf-124021800321_1.html Raising deposits to keep pace with loan growth and keeping credit cost low top the agenda for banks When a patient is
👍Finance Ministry explores amendments in SARFAESI and DRT Acts for swift debt recovery – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/finance-ministry-explores-amendments-in-sarfaesi-and-drt-acts-for-swift-debt-recovery/article67860189.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/finance-ministry-explores-amendments-in-sarfaesi-and-drt-acts-for-swift-debt-recovery/article67860189.ece Banks have been directed to ensure the presence of their officers at all the hearings of their respective cases before judicial forums
Deposits paucity may hit Indian banks credit growth in FY25: Report | Finance News – Business Standard
https://www.business-standard.com/finance/news/deposits-paucity-may-hit-indian-banks-credit-growth-in-fy25-report-124021500923_1.html Clipped from: https://www.business-standard.com/finance/news/deposits-paucity-may-hit-indian-banks-credit-growth-in-fy25-report-124021500923_1.html Private lenders with high loan-to-deposit ratio more vulnerable, says S&P After five decades of bank nationalisation, the government, as the majority owner
👌RBI Governor asks bank CEOs to maintain vigil around risks build-up
https://www.business-standard.com/economy/news/rbi-governor-asks-bank-ceos-to-maintain-vigil-around-risks-build-up-124021401542_1.html Clipped from: https://www.business-standard.com/economy/news/rbi-governor-asks-bank-ceos-to-maintain-vigil-around-risks-build-up-124021401542_1.html Das also highlighted the issue of high growth in personal loans, which has been an outlier among other categories. He also talked
👌👌👌RBI asks card networks to halt BPSP commercial card transactions – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/rbi-asks-card-networks-to-halt-bpsp-commercial-card-transactions/article67846106.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-asks-card-networks-to-halt-bpsp-commercial-card-transactions/article67846106.ece The BPSP facility allows corporate credit card players to enable large payments directly to vendors or merchants’ bank accounts RBI has asked card
Lower borrowings to help moderate inflation: Das – Banking & Finance News | The Financial Express
https://www.financialexpress.com/business/banking-finance-lower-borrowings-to-help-moderate-inflation-das-3392254 Clipped from: https://www.financialexpress.com/business/banking-finance-lower-borrowings-to-help-moderate-inflation-das-3392254/ X Lower borrowings by the Centre in 2024-25, which has already softened yields on government securities (G-secs), will help bring down inflation,
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