https://www.business-standard.com/industry/banking/rbi-plans-to-bar-outsourcing-of-know-your-customer-compliance-norms-123102601343_1.html Clipped from: https://www.business-standard.com/industry/banking/rbi-plans-to-bar-outsourcing-of-know-your-customer-compliance-norms-123102601343_1.html A draft circular on Managing Risks and Code of Conduct in Outsourcing of Financial Services, released by the regulator, has stated this
Category: RBI–Banks
Reserve Bank of India allows premature deposit withdrawal up to Rs 1 crore
https://www.business-standard.com/economy/news/reserve-bank-of-india-allows-pre-mature-deposit-withdrawal-up-to-rs-1-crore-123102601180_1.html Clipped from: https://www.business-standard.com/economy/news/reserve-bank-of-india-allows-pre-mature-deposit-withdrawal-up-to-rs-1-crore-123102601180_1.html Banks typically offer higher interest rates on non-callable deposits Listen to This Article The Reserve Bank of India (RBI) has increased the
*Governance deficit: RBI’s recent actions must serve as a wake-upcall to banks for putting their house in order – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/governance-deficit-rbis-recent-actions-must-serve-as-a-wake-upcall-to-banks-for-putting-their-house-in-order/3283889/ Clipped from: https://www.financialexpress.com/opinion/governance-deficit-rbis-recent-actions-must-serve-as-a-wake-upcall-to-banks-for-putting-their-house-in-order/3283889/ The regulator’s annual inspections, for the years FY20 and FY21, also found that the bank had marketed and engaged in sales of
*****Loan portfolio protection: How First Loss Default Guarantee (FLDG) helps financial institutions – Money News | The Financial Express
https://www.financialexpress.com/money/loan-portfolio-protection-how-first-loss-default-guarantee-fldg-helps-financial-institutions-3285209/ Clipped from: https://www.financialexpress.com/money/loan-portfolio-protection-how-first-loss-default-guarantee-fldg-helps-financial-institutions-3285209/ FLDGs are cooperative risk-sharing arrangements between a Regulated Entity (RE) and a Lending Service Provider (LSP) The FLDG framework acts as a
*Lenders flag rising delinquencies in small ticket unsecured retail loans post RBI caution – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/lenders-flag-rising-delinquencies-in-small-ticket-unsecured-retail-loans-post-rbi-caution/article67454756.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/lenders-flag-rising-delinquencies-in-small-ticket-unsecured-retail-loans-post-rbi-caution/article67454756.ece ICICI, Kotak, Bajaj Finance, Yes Bank have taken corrective action to mitigate risk A fortnight after RBI cautioned banks against unprecedented growth in unsecured
Term deposit rates have reached their peak in last 5 years: RBI bulletin – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/term-deposit-rates-reached-its-peak-in-last-5-yrs-rbi/article67439379.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/term-deposit-rates-reached-its-peak-in-last-5-yrs-rbi/article67439379.ece The key observations were made in central bank’s latest monthly bulletin Term deposit rates have surged to their highest levels in the
Need to stop chasing the growth chimera – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/need-to-stop-chasing-the-growth-chimera/article67450176.ece Clipped from: https://www.thehindubusinessline.com/opinion/need-to-stop-chasing-the-growth-chimera/article67450176.ece Which is better: demand or supply management? At 6-7 per cent GDP growth, there are no upheavals. This could change if we
Fed Chair Powell says strong economy may still require rate increases
https://www.business-standard.com/world-news/fed-chair-powell-says-strong-economy-may-still-require-rate-increases-123101901315_1.html Clipped from: https://www.business-standard.com/world-news/fed-chair-powell-says-strong-economy-may-still-require-rate-increases-123101901315_1.html Fed chief says geopolitical tensions are ‘highly elevated’ US Federal Reserve Chair Jerome Powell (Photo: Bloomberg) The U.S. economy’s strength and continued
Strengthening US dollar is a global risk: RBI’s state of the economy report
https://www.business-standard.com/economy/news/rbi-s-state-of-the-economy-report-flags-dollar-strength-as-global-risk-123101901285_1.html Clipped from: https://www.business-standard.com/economy/news/rbi-s-state-of-the-economy-report-flags-dollar-strength-as-global-risk-123101901285_1.html “The Indian rupee has also exhibited low volatility and orderly movements relative to peers, in spite of the elevated US treasury yields
Many faces of OMO
https://www.business-standard.com/opinion/columns/many-faces-of-omo-123102200623_1.html Clipped from: https://www.business-standard.com/opinion/columns/many-faces-of-omo-123102200623_1.html The OMO sale is quite an innovative way to address the concerns around currency Photo: Bloomberg If we ask bond dealers what’s
How to loot the public sector banks
https://www.business-standard.com/opinion/columns/how-to-loot-the-psbs-123102200744_1.html Clipped from: https://www.business-standard.com/opinion/columns/how-to-loot-the-psbs-123102200744_1.html Banker-borrower collusion has led to a surge in IBC cases, with pre-planned fraud that results in minimal realisable value Illustration: Binay Sinha
Role of banks in a knowledge economy – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/role-of-banks-in-a-knowledge-economy/article67431520.ece lipped from: https://www.thehindubusinessline.com/opinion/role-of-banks-in-a-knowledge-economy/article67431520.ece Intellectual property-based debt finance holds promise. But valuation systems need to be developed The importance of intellectual property (IP) rights in steering
The new pitch for bond dealers to bat on
https://www.business-standard.com/economy/news/the-new-pitch-for-bond-dealers-to-bat-on-123101500615_1.html Clipped from: https://www.business-standard.com/economy/news/the-new-pitch-for-bond-dealers-to-bat-on-123101500615_1.html Treasury managers are padding up for the new norms for the classification, valuation and operation of investments Bond dealers, the accounts department
IMF avers further 30% of banks including some of the largest– would be vulnerable if the global economy enters a period of low growth and high inflation [ stagflation ] — Courtesy BusinessLine
It also said there was an urgent need to improve bank resilience by boosting capital levels. It said there is a weak tail of banks
👍👍👍👍👍👍👍How to Recover Unclaimed Deposits – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/how-to-recover-unclaimed-deposits/article67417246.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/how-to-recover-unclaimed-deposits/article67417246.ece Here is the process to track and claim what is rightfully yours Have you ever invested in term deposits long ago and
👍👍👍👍👍Why bob World embargo is a warning for banks – The Hindu BusinessLine
https://www.thehindubusinessline.com/blexplainer/bl-explainer-why-bob-world-embargo-is-a-warning-for-banks/article67412094.ece Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-why-bob-world-embargo-is-a-warning-for-banks/article67412094.ece Increasingly As banks are nudging customers to app-based mobile banking practices, security and underwriting concerns could be increasing What does RBI’s directive
👍👍👍👍👍What are good, bad and terrible loans? – The Hindu BusinessLine
https://www.thehindubusinessline.com/multimedia/video/what-are-good-bad-and-terrible-loans/article67413439.ece lipped from: https://www.thehindubusinessline.com/multimedia/video/what-are-good-bad-and-terrible-loans/article67413439.ece While deciding to take a loan, you need to make a distinction between good, bad and terrible loans. If you’re a young
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