Paytm’s payments bank expects to hit 500 million CASA accounts by 2020, more than double their current count of 200 million wallet users who’ve been
Category: RBI–Banks
Initiative for merger should come from banks: Former RBI Governor C Rangarajan–Economic Times–11.07.2017
Former RBI Governor C Rangarajan today said bank merger should be need-based and the initiative should come from the lenders themselves. “Initiative for merger should
Nearly 67 crore bank accounts seeded with Aadhaar: Ravi Shankar Prasad–Economic Times–11.07.2017
As many as 67 crore of the 110 crore bank accounts in the country are now linked with Aadhaar, the 12-digit unique identification number, IT
IndusInd Bank Q1 net profit jumps 27% to Rs 836.5 crore–Economic Times–11.07.2017
IndusInd BankBSE -0.04 % on Tuesday reported nearly 27 per cent rise in YoY net profit at Rs 836.5 crore for the June quarter, which
Credit card fraud: Why RBI has done well to put onus on bank customers–Financial Express–11.07.2017
Besides the complexity of online transactions vis-a-vis cash, one of the hurdles for online payments has been concerns over security.The rising number of hack attempts
New bankruptcy law: Multiple delays in first case offers cautionary tale–Business Standard–11.07.2017
In January, Innoventive Industries, a speciality steelmaker based in western India, was forced into the bankruptcy court by its lenders, testing for the first time
First test of new bankruptcy law offers cautionary tale–Business Line–11.07.2017
The new Insolvency and Bankruptcy Code aims to move cases of company failure into a single forum In January, Innoventive Industries, a speciality steelmaker based
Govt to push Banking Regulation Bill in monsoon session | Business Line–11.07.2017
The Finance Ministry is gearing up to introduce a host of Bills, including the Banking Regulation (Amendment) Bill, repeal of the State Bank of India
Bold move in world of listless finance–Economic Times–11.07.2017
Chennai-based Shriram group’s proposed merger of its financial services business with IDFC Bank to create a financial conglomerate is a display of animal spirits in
The buy side in bankruptcy process–Business Standard–10.07.2017
The main focus of the Indian bankruptcy reform has been on the sell side: On creating conditions where lenders eject shareholders and put a firm
Bad loans: The bungling and farce continues | Business Standard Column–10.07.2017
Just over a year ago in mid-May 2016 I had written a column pointing basic flaws in the new architecture set up to handle bad
RBI: NCLT priority for insolvency: RBI partially retracts statement – The Economic Times–09.07.2017
RBI today withdrew a portion of its earlier statement in which it had said that 12 cases identified by it for insolvency proceedings would be
Gujarat HC frowns over directive asking banks to initiate bankruptcy proceedings, RBI on back foot–Economic Times–08.07.2017
The Reserve Bank of India agreed to amend its June 13 press release after the Gujarat High Court expressed surprise at the document’s wording,
Government likely to pump more money into PSU banks – The Economic Times–07.07.2017
The government is likely to infuse more money in state-run banks amid crackdown on bad loans and increasing capital needs under Basel III guidelines. According
alternative lending startups: How alternative lending startups are rewriting traditional lending habits in India – The Economic Times–07.07.2017
Suguresh Desai, 37, an executive with TVS Group, had been using his credit card to make payments. Recently, he decided to borrow Rs 1 lakh
RBI: Customers should report fraud in 3 days to avoid losses: RBI – The Economic Times–07.07.2017
In a major step to protect customers from large financial losses on account of frauds, Reserve Bank of India has capped the customer liability at
Billionloans: Indian banks have legacy technologies, says Billionloans founder V Balakrishnan – The Economic Times–07.07.2017
Former Infosys CFO V Balakrishnan and Rangan Varadan, founder of peer-topeer lending platform MicroGraam, launched Billionloans in March and shortly after raised about Rs 7
Why some brokerages have turned positive on Punjab National Bank | Business Standard News–07.07.2017
A week after Nomura turned positive on Bank of Baroda (BoB), it is the turn of Punjab National Bank (PNB) to enjoy a rating upgrade
RBI Deputy Guv Viral Acharya suggests setting up public credit database | Business Standard News–07.07.2017
Reserve Bank of India (RBI) Deputy Governor Viral Acharya wants the central bank to set up a public credit registry (PCR), an extensive database of
ATM fraud prevention, mobile fraud prevention: Here’s how to keep your money safe – The Financial Express–07.07.2017
Fraudsters used advanced card skimmers to read debit and credit card data during usage, and later illegally withdrew money from the people’s accounts. Sample this:
aniltikotekar4sme.com 