https://www.thehindubusinessline.com/money-and-banking/rbi-wants-lenders-to-classify-wilful-defaulters-within-six-months-of-an-account-turning-npa/article67331329.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-wants-lenders-to-classify-wilful-defaulters-within-six-months-of-an-account-turning-npa/article67331329.ece Expands scope of regulated entities, broadens definition, refines identification process The Reserve Bank of India has issued a draft paper proposing revisions in the
Category: RBI–Banks
Bank’s liability for locker content is limited, so buy insurance coverage
https://www.business-standard.com/finance/personal-finance/bank-s-liability-for-locker-content-is-limited-so-buy-insurance-coverage-123100400985_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/bank-s-liability-for-locker-content-is-limited-so-buy-insurance-coverage-123100400985_1.html Do not keep cash in the locker as the agreement with the bank prohibits it Listen to This Article If you plan
👍👍👍👍👍treds platforms in india thrive with a remarkable 70 transaction surge – The Hindu BusinessLine
https://www.thehindubusinessline.com/data-stories/data-focus/treds-platforms-in-india-thrive-with-a-remarkable-70-transaction-surge/article67371756.ece Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/treds-platforms-in-india-thrive-with-a-remarkable-70-transaction-surge/article67371756.ece The Trade Receivables Discounting System platforms, introduced by RBI to address MSME liquidity challenges, are thriving in India, with both transaction values
👍👍👍👍👍👍👍Expect status quo on rate and no change in stance
https://www.business-standard.com/finance/news/expect-status-quo-on-rate-and-no-change-in-stance-123100100703_1.html Clipped from: https://www.business-standard.com/finance/news/expect-status-quo-on-rate-and-no-change-in-stance-123100100703_1.html As the festival season approaches, followed by elections, state and national, there will be pressure on liquidity since cash with the public
👍👍👍👍👍Credit cards-in-force cross 9-crore mark, spends at high of ₹1.49-lakh crore – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/credit-cards-in-force-cross-9-crore-mark-spends-at-high-of-149-lakh-crore/article67357104.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/credit-cards-in-force-cross-9-crore-mark-spends-at-high-of-149-lakh-crore/article67357104.ece Card additions for the month remained healthy, increasing by 1.6 per cent on-month compared with 1.3 per cent in July Credit cards-in-force
Asset Reconstruction Companies want larger pie of stressed assets | The Financial Express
https://www.financialexpress.com/business/banking-finance-asset-reconstruction-companies-want-larger-pie-of-stressed-assets-3257767/ Clipped from: https://www.financialexpress.com/business/banking-finance-asset-reconstruction-companies-want-larger-pie-of-stressed-assets-3257767/ Seek RBI’s nod to acquire assets from AMCs and AIFs X By Sachin Kumar Asset Reconstruction Companies (ARCs), which buy non-performing assets
As indebtedness rises, microfinance industry has amber lights switched on
https://www.business-standard.com/markets/news/as-indebtedness-rises-microfinance-industry-has-amber-lights-switched-on-123092400812_1.html Clipped from: https://www.business-standard.com/markets/news/as-indebtedness-rises-microfinance-industry-has-amber-lights-switched-on-123092400812_1.html MFIs are now the largest providers of micro-credit with loans outstanding of Rs 1,42,245 cr at end-May 2023 “I don’t want to
RBI wants lenders to classify wilful defaulters within six months of an account turning NPA – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/rbi-wants-lenders-to-classify-wilful-defaulters-within-six-months-of-an-account-turning-npa/article67331329.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-wants-lenders-to-classify-wilful-defaulters-within-six-months-of-an-account-turning-npa/article67331329.ece Expands scope of regulated entities, broadens definition, refines identification process The Reserve Bank of India has issued a draft paper proposing revisions in the
TruCap, HDFC Bank form co-lending tie-up for underserved MSME borrowers
https://www.business-standard.com/finance/news/trucap-hdfc-bank-form-co-lending-tie-up-for-underserved-msme-borrowers-123092200009_1.html Clipped from: https://www.business-standard.com/finance/news/trucap-hdfc-bank-form-co-lending-tie-up-for-underserved-msme-borrowers-123092200009_1.html Industry estimates indicate that the MSME sector has an overall credit demand of Rs 69.3 trn, growing at a CAGR of 11.5%
RBI’s stringent norms: Wilful defaulters must be identified within 6 months
https://www.business-standard.com/finance/news/wilful-defaulter-must-be-identified-within-six-months-after-npa-tag-123092101223_1.html Clipped from: https://www.business-standard.com/finance/news/wilful-defaulter-must-be-identified-within-six-months-after-npa-tag-123092101223_1.html NBFCs, co-op banks allowed to name defaulters Photo: Bloomberg The Reserve Bank of India (RBI) on Thursday said lenders would have to
👍👍👍👍👍👍👍Do you remember the nominee in your bank savings a/c? Here’s how to check, add nominee to savings account – The Economic Times
https://economictimes.indiatimes.com/wealth/save/do-you-remember-the-nominee-in-your-bank-savings-a/c-heres-how-to-check-add-nominee-to-savings-account/articleshow/103809100.cms Clipped from: https://economictimes.indiatimes.com/wealth/save/do-you-remember-the-nominee-in-your-bank-savings-a/c-heres-how-to-check-add-nominee-to-savings-account/articleshow/103809100.cms Synopsis A nominee is a person that an account holder designates to claim the money in the savings account after the original
👍👍👍👍👍👍👍Finding the missing gap in digital lending – The Hindu BusinessLine
https://www.thehindubusinessline.com/specials/current-account/finding-the-missing-gap-in-digital-lending/article67285252.ece Clipped from: https://www.thehindubusinessline.com/specials/current-account/finding-the-missing-gap-in-digital-lending/article67285252.ece The bid for transparency is forcing lenders to follow FLDG contracts, but many say past practices aren’t forgotten yet If you’re stuck
A new dawn for microfinance
https://www.business-standard.com/opinion/columns/a-new-dawn-for-microfinance-123091700714_1.html Clipped from: https://www.business-standard.com/opinion/columns/a-new-dawn-for-microfinance-123091700714_1.html There are many contributing factors to the growth and new-found enthusiasm for microfinance Representative Image In July, Ananya Birla’s Svatantra Microfin Pvt Ltd
👍👍👍👍👍👍👍NOC to account statement: What you must do for loan closure process
https://www.business-standard.com/finance/personal-finance/ensure-credit-reports-reflect-loan-closure-get-noc-from-the-lender-123091900846_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/ensure-credit-reports-reflect-loan-closure-get-noc-from-the-lender-123091900846_1.html Get no objection certificate from lender; have fresh encumbrance certificate issued by registrar Photo: Pexels The Reserve Bank of India (RBI) recently
Dhanlaxmi Bank shares tank post director exit, recover to touch 52-week high – The Hindu BusinessLine
https://www.thehindubusinessline.com/markets/dhanlaxmi-bank-shares-tank-post-director-exit-recover-to-touch-52-week-high/article67320989.ece Clipped from: https://www.thehindubusinessline.com/markets/dhanlaxmi-bank-shares-tank-post-director-exit-recover-to-touch-52-week-high/article67320989.ece Dhanlaxmi Bank stock pared some gains to end 4.4 per cent higher at ₹30.55 on the NSE. Shares of Dhanlaxmi Bank witnessed a volatile
Banks have no option but to partner with fintech, says K V Kamath
https://www.business-standard.com/finance/news/banks-have-no-option-but-to-partner-with-fintech-says-k-v-kamath-123090701037_1.html Clipped from: https://www.business-standard.com/finance/news/banks-have-no-option-but-to-partner-with-fintech-says-k-v-kamath-123090701037_1.html ‘India will be a $25 trillion economy in 25 years, digital India will drive 20-25% of this growth’ K V Kamath Listen
Build-up of excessive leverage consequence of excessive expansion of credit: RBI Deputy Governor – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/build-up-of-excessive-leverage-consequence-of-excessive-expansion-of-credit-rbi-deputy-governor/article67281825.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/build-up-of-excessive-leverage-consequence-of-excessive-expansion-of-credit-rbi-deputy-governor/article67281825.ece Bank credit has shown a robust growth of 19.39 per cent year-on-year Build-up of an excessive leverage in the real sector and
Banking for the unbanked – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/banking-for-the-unbanked/article67282269.ece Clipped from: https://www.thehindubusinessline.com/opinion/banking-for-the-unbanked/article67282269.ece Jan Dhan Yojana has reduced the rural-urban gap The 2011 Census had thrown startling results: of the 25 crore households that India
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