lipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-to-bring-out-harmonised-eligibility-criteria-for-business-authorisation-for-ucbs/article69866127.ece The RBI has invited comments on the draft directions from public/stakeholders till August 25 Business authorisation relates to expansion of the area of
Category: RBI–Banks
*The death of a banker: Navigating unbearable pressure and expectations
lipped from: https://www.business-standard.com/opinion/columns/the-death-of-a-banker-navigating-unbearable-pressure-and-expectations-125072700792_1.html When targets are overwhelming, senior management and customers are both impatient, and there is constant fear, not every banker has the resilience to
Public sector banks write off over ₹12 lakh cr in 9 years – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/public-sector-banks-write-off-over-12-lakh-cr-in-9-years/article69843289.ece Recruitment of over 48,000 employees currently underway at PSBs Banks write off non-performing assets (NPAs), including those for which full provisioning has been
Credit Card in force stays flat in June; ICICI, Axis Bank cards decline | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/credit-card-in-force-stays-flat-in-june-2025-125072201440_1.html Credit card issuances remain flat in June 2025, with ICICI Bank and Axis Bank showing declines in card numbers, while overall spending drops
Lack of empathy in customer service driving complaints: RBI DG Swaminathan | Finance News – Business Standard
lipped from: https://www.business-standard.com/finance/news/lack-of-empathy-driving-customer-complaints-rbi-dg-swaminathan-125072201252_1.html ‘Systems respond with templated emails and helplines loop back endlessly’ Swaminathan J, Deputy Governor, RBI Reserve Bank of India (RBI) Deputy Governor Swaminathan
Loan defaults at 6-quarter high: Why India’s young borrowers are struggling to repay EMIs – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/why-young-borrowers-are-defaulting-on-loans-in-tier-3-cities-and-rural-india-3921470/ Loan defaults in Tier 3 towns and rural India have surged to a six-quarter high, driven by small-ticket borrowing and rising credit card
1-New Income Tax Bill: NPA definition provision aims to end disputes, Select Committee pitches for more clarity – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/new-income-tax-bill-npa-definition-provision-aims-to-end-disputes-select-committee-pitches-for-more-clarity/article69821870.ece The new I-T Bill aims to align tax rules with RBI norms and reduce litigation over bad loan interest taxation The Bill, scheduled
MSME lending a new driver of credit growth? Asset quality a key test
Clipped from: https://www.business-standard.com/opinion/columns/msme-lending-a-new-driver-of-credit-growth-asset-quality-a-key-test-125071001426_1.html Credit growth to small and medium enterprises is outpacing all other sectors, but the test of asset quality lies ahead When a bank
Regret not insuring MFI business from start: IDFC Bank CEO Vaidyanathan | People – Business Standard
Clipped from: https://www.business-standard.com/companies/people/vaidyanathan-regrets-not-insuring-mfi-portfolio-idfc-first-bank-fy25-125070901090_1.html IDFC First Bank chief says not insuring the microfinance portfolio earlier worsened FY25 losses but confirms that 66 per cent of the book
Banks flush with funds but reluctant to pursue aggressive lending | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/banks-flush-with-funds-but-reluctant-to-pursue-aggressive-lending-125070901227_1.html Loan growth for banks is yet to pick up despite a 100 bps cut in the policy repo rate by the Reserve Bank
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