Clipped from: https://indianexpress.com/article/business/banking-and-finance/flows-into-nri-deposits-double-to-6-1-billion-in-april-october-period-9081511/ Fresh inflows under various non-resident deposit schemes doubled to $6.1 billion in April-October 2023 from $3.05 billion in the same period of the
Category: RBI–Banks
Jayanth Varma: ‘Approaching a point where a cut is must to check high real interest rate’
Clipped from: https://indianexpress.com/article/business/economy/jayanth-varma-approaching-a-point-where-a-cut-is-must-to-check-high-real-interest-rate-9081547/ The RBI revised upwards real GDP growth forecast for FY24 to 7% from 6.5% earlier. Days after the US Federal Reserve hinted at
Monetarism making a comeback? – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/monetarism-making-a-comeback/3346701/ Clipped from: https://www.financialexpress.com/opinion/monetarism-making-a-comeback/3346701/ The reversal of the inflation tide and the relative failure of inflation-targeting central banks to control it has brought the attention back
Loan partnerships with fintechs to rise in 2024 – Banking & Finance News | The Financial Express
https://www.financialexpress.com/business/banking-finance-year-ahead-loan-partnerships-with-fintechs-to-rise-in-2024-3347210/ Clipped from: https://www.financialexpress.com/business/banking-finance-year-ahead-loan-partnerships-with-fintechs-to-rise-in-2024-3347210/ In recent months, various banks and non-banking financial companies (NBFC) have asked fintech partners to curtail issuing small-ticket personal loan disbursements. RBI
The future of finance
https://www.business-standard.com/opinion/columns/the-future-of-finance-123122400800_1.html Clipped from: https://www.business-standard.com/opinion/columns/the-future-of-finance-123122400800_1.html Strategic sense about the forces reshaping banking In advanced economies, banking is changing. At first, there was “the fintech revolution”, the idea
‘Balance batao’, ‘digital didi’: Fintech transforming financial inclusion
https://www.business-standard.com/finance/personal-finance/fintech-for-billions-explains-bank-balance-batao-digital-didi-123122400464_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/fintech-for-billions-explains-bank-balance-batao-digital-didi-123122400464_1.html From the government’s coffers, Rs 5,000 for opening an account for a child born into a poor family will be yet another
You can now tokenise your debit/credit card via mobile and internet banking
https://www.business-standard.com/finance/personal-finance/you-can-now-tokenise-your-debit-credit-card-via-mobile-and-internet-banking-123122100765_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/you-can-now-tokenise-your-debit-credit-card-via-mobile-and-internet-banking-123122100765_1.html RBI has also allowed CoFT through card issuing banks or institutions to provide cardholders with an additional choice to tokenise their cards
MPC members voice concern over food inflation trajectory, show minutes
https://www.business-standard.com/economy/news/mpc-members-voice-concern-over-food-inflation-trajectory-show-minutes-123122200888_1.html Clipped from: https://www.business-standard.com/economy/news/mpc-members-voice-concern-over-food-inflation-trajectory-show-minutes-123122200888_1.html External members flag high real interest rates Photo: Bloomberg Listen to This Article All six members of the Reserve Bank of India’s
Banks seek funds amounting to 2.43 times the notified amount at 7-day VRR auction – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/banks-seek-funds-amounting-to-243-times-the-notified-amount-at-7-day-vrr-auction/article67666454.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-seek-funds-amounting-to-243-times-the-notified-amount-at-7-day-vrr-auction/article67666454.ece The central bank allotted 7-day funds aggregating ₹1,75,013 crore in the auction at a higher weighted average rate of 6.70 per cent
NBFCs begin provisioning for AIF exposure after RBI tightens norms
https://www.business-standard.com/finance/news/rbi-norms-nbfcs-start-provision-assessing-impact-for-aif-exposure-123122101008_1.html Clipped from: https://www.business-standard.com/finance/news/rbi-norms-nbfcs-start-provision-assessing-impact-for-aif-exposure-123122101008_1.html Piramal to adjust Rs 3,164 cr; IIFL Finance sees Rs 161 cr impact Piramal Enterprises Ltd (PEL) and IIFL Finance have informed
https://www.business-standard.com/industry/banking/bank-frauds-increase-private-sector-lenders-make-more-write-offs-123122200303_1.html Clipped from: https://www.business-standard.com/industry/banking/bank-frauds-increase-private-sector-lenders-make-more-write-offs-123122200303_1.html Private banks in FY23 accounted for 74% of amounts written off due to fraud Illustration: Ajay Mohanty Listen to This Article The
Piramal, IIFL Finance declare AIF exposure to assuage provisioning concerns – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/piramal-iifl-finance-declare-aif-exposure-to-assuage-provisioning-concerns/article67662688.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/piramal-iifl-finance-declare-aif-exposure-to-assuage-provisioning-concerns/article67662688.ece RBI had tightened norms for AIF investments by banks and NBFCs A day after the shares of Piramal Capital and IIFL Finance
RBI’s crackdown on AIFs points to serious violations – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/rbis-crackdown-on-aifs-points-to-serious-violations/article67662477.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbis-crackdown-on-aifs-points-to-serious-violations/article67662477.ece The fear of loan delinquencies in retail lending, and now among a section of commercial lenders, seems to have got the RBI
RBI Governor’s unfinished task–will he succeed before he retires ? — Courtesy Business Standard –December 2023
https://www.business-standard.com/economy/news/bringing-cpi-inflation-to-4-within-a-year-will-be-das-biggest-achievement-123121401259_1.html Clipped from: https://www.business-standard.com/economy/news/bringing-cpi-inflation-to-4-within-a-year-will-be-das-biggest-achievement-123121401259_1.html During his five-year tenure, the banking sector has become resilient, improving profitability and maintaining healthy capital Photo: Bloomberg Reserve Bank of India
2023: many hits, some misses – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/2023-many-hits-some-misses/article67659339.ece Clipped from: https://www.thehindubusinessline.com/opinion/2023-many-hits-some-misses/article67659339.ece The economy is in fine fettle, but there are niggles with respect to demand, capex composition and inflation As is normally the
The climate finance shortfall – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/the-climate-finance-shortfall/article67580626.ece Clipped from: https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/the-climate-finance-shortfall/article67580626.ece The focus on fossil fuel phase out and net zero target is diverting attention from developed nations’ financial responsibilities The world’s leaders
Unified Payments Interface: 7 important things to remember while making UPI payments – Money News | The Financial Express
https://www.financialexpress.com/money/7-important-things-to-remember-while-making-upi-payments-3342476/ Clipped from: https://www.financialexpress.com/money/7-important-things-to-remember-while-making-upi-payments-3342476/ By following these steps, you can navigate UPI payments securely and confidently, safeguarding against potential risks and ensuring a smooth payment experience.
Hoping for reduction of rates from middle of FY25: SBI Chairman Khara
https://www.business-standard.com/companies/interviews/hoping-reduction-of-rates-from-middle-of-next-fiscal-sbi-chairman-khara-123121700513_1.html Clipped from: https://www.business-standard.com/companies/interviews/hoping-reduction-of-rates-from-middle-of-next-fiscal-sbi-chairman-khara-123121700513_1.html Khara also says, in an interview with Manojit Saha, the bank has a plan to plough back a significant part of its
aniltikotekar4sme.com 