Category: RBI–Banks
FinMin to meet govt bank chiefs to review cyber security framework
https://www.business-standard.com/economy/news/finmin-to-meet-govt-bank-chiefs-to-review-cyber-security-framework-123112300882_1.html Clipped from: https://www.business-standard.com/economy/news/finmin-to-meet-govt-bank-chiefs-to-review-cyber-security-framework-123112300882_1.html Sources said that such frauds occurred a couple of times before involving some other public sector banks but went largely unnoticed as
Banking liquidity deficit at 5-yr high, to narrow next week: Economists
https://www.business-standard.com/economy/news/banking-liquidity-deficit-at-5-yr-high-to-narrow-next-week-economists-123112200684_1.html lipped from: https://www.business-standard.com/economy/news/banking-liquidity-deficit-at-5-yr-high-to-narrow-next-week-economists-123112200684_1.html The deficit was the highest since Dec 26, 2018, when it had hit Rs 1.86 trillion, according to economists Listen to This
Financial sector must avoid ‘all forms of exuberance’: RBI governor
https://www.business-standard.com/finance/news/financial-sector-must-avoid-all-forms-of-exuberance-rbi-governor-123112200490_1.html Clipped from: https://www.business-standard.com/finance/news/financial-sector-must-avoid-all-forms-of-exuberance-rbi-governor-123112200490_1.html Sound caution on credit growth, model-based lending, high-interest rates charged by MFIs, contagion risks RBI Governor Shaktikanta Das at the annual Ficci-IBA
Gold loans could shine with tokenisation – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/gold-loans-could-shine-with-tokenisation/article67562681.ece Clipped from: https://www.thehindubusinessline.com/opinion/gold-loans-could-shine-with-tokenisation/article67562681.ece It enhances transparency and governance for the lenders and also empowers the borrowers Gold loans have emerged as one of the fastest-growing
‘e-wallets’ need deposit protection – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/e-wallets-need-deposit-protection/article67562760.ece Clipped from: https://www.thehindubusinessline.com/opinion/e-wallets-need-deposit-protection/article67562760.ece Holders of prepaid payment instruments are ‘depositors’ and therefore deserving of deposit insurance The RBI Report of the Committee for Review of
👌In a sweet spot: SBI’s upgrades 60 NPA accounts through fintechs – Banking & Finance News | The Financial Express
https://www.financialexpress.com/business/banking-finance-in-a-sweet-spot-sbis-upgrades-60-npa-accounts-through-fintechs-3312319/ Clipped from: https://www.financialexpress.com/business/banking-finance-in-a-sweet-spot-sbis-upgrades-60-npa-accounts-through-fintechs-3312319/ Counselling over a box of chocolates leads to upgradation of 13% accounts sent as pilot project. Out of the 450 accounts sent
MFIN wants RBI to address overlap between microfinance, digital lending – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/mfin-wants-rbi-to-address-overlap-between-microfinance-digital-lending/article67550534.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/mfin-wants-rbi-to-address-overlap-between-microfinance-digital-lending/article67550534.ece Wants the RBI to ensure that fintech lenders comply with microfinance regulations Mumbai Microfinance Institutions Network (MFIN) has called on the Reserve Bank of India to
Editorial. Higher risk provisioning should not be permanent – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/higher-risk-provisioning-should-not-be-permanent/article67544454.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/higher-risk-provisioning-should-not-be-permanent/article67544454.ece The 18 per cent retail loan growth has the RBI worried The Reserve Bank of India has flagged the risk building up
Minimising the risk – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/minimising-the-risk/3309093/ Clipped from: https://www.financialexpress.com/opinion/minimising-the-risk/3309093/ The fact is unsecured credit has been growing at an exceptionally fast pace of 23-24%, compared with a more sober 13-14% for
Indian economy still not out of woods, says RBI – Economy News | The Financial Express
https://www.financialexpress.com/policy/economy-indian-economy-still-not-out-of-woods-says-rbi-3309154/ Clipped from: https://www.financialexpress.com/policy/economy-indian-economy-still-not-out-of-woods-says-rbi-3309154/ Retail inflation came down to 4.9% in October from the average of 6.7% in 2022-23 and 7.1% in July-August 2023 but remained
RBI hikes risk weights on unsecured bank, NBFC loans by 25 bps – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/rbi-hikes-risk-weights-on-unsecured-bank-nbfc-loans-by-25-bps/article67541118.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-hikes-risk-weights-on-unsecured-bank-nbfc-loans-by-25-bps/article67541118.ece Tightening norms. Banks & NBFCs must set aside 25 bps higher risk weight for loans to NBFCs, excluding core investment companies In
Be conscious of data privacy and cybersecurity issues, State Bank of India MD Chaudhary tells MFIs – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/be-conscious-of-data-privacy-and-cybersecurity-issues-state-bank-of-india-md-chaudhary-tells-mfis/article67513403.ece lipped from: https://www.thehindubusinessline.com/money-and-banking/be-conscious-of-data-privacy-and-cybersecurity-issues-state-bank-of-india-md-chaudhary-tells-mfis/article67513403.ece Chaudhary highlighted that some kind of action plan needs to be in place to address the cybersecurity and privacy issues on customers’
Microfinance industry adds 80 lakh new women clients to its fold in FY23 – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/microfinance-industry-adds-80-lakh-new-women-clients-to-its-fold-in-fy23/article67536455.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/microfinance-industry-adds-80-lakh-new-women-clients-to-its-fold-in-fy23/article67536455.ece In FY23, the microfinance industry saw growth in portfolio outstanding as well as improvement in portfolio quality The microfinance industry (MFI) in the country
Indian banks’ NPAs to drop to 3.5%, net interest margin to 2.9% by FY25: S&P Global – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/indian-banks-npas-to-drop-to-35-by-fy25-sp-global/article67538949.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/indian-banks-npas-to-drop-to-35-by-fy25-sp-global/article67538949.ece Healthy corporate balance sheets, tighter underwriting standards, and improved risk management to bring down NPAs, the report said Indian banks’ weak loans
CP issuances fall to 1-year low in October as rates rise by 30 bps
https://www.business-standard.com/markets/news/cp-issuances-fall-to-1-year-low-in-october-as-rates-rise-by-30-bps-123111300877_1.html Clipped from: https://www.business-standard.com/markets/news/cp-issuances-fall-to-1-year-low-in-october-as-rates-rise-by-30-bps-123111300877_1.html Illustration: Ajay Mohanty Issues of commercial paper fell to nearly a one-year low in October due to rising rates caused by tight
Sustained high, unsecured loan growth can increase mispricing risk: Fitch Ratings – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/sustained-high-unsecured-loan-growth-can-increase-mispricing-risk-fitch-ratings/article67517974.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/sustained-high-unsecured-loan-growth-can-increase-mispricing-risk-fitch-ratings/article67517974.ece This could have direct impact on financial performace of banks if conditions turns less favourable, warns Fitch Sustained high growth in unsecured retail
Monetary policy remains watchful and actively disinflationary: RBI Guv – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/monetary-policy-remains-watchful-and-actively-disinflationary-rbi-guv/article67516399.ece Clipped from: https://www.thehindubusinessline.com/economy/monetary-policy-remains-watchful-and-actively-disinflationary-rbi-guv/article67516399.ece His observation comes against the backdrop of headline inflation remaining vulnerable to recurring and overlapping food price shocks Monetary policy remains watchful and
Fintech lenders should not be discouraged – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/fintech-lenders-should-not-be-discouraged/article67529012.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/fintech-lenders-should-not-be-discouraged/article67529012.ece Digital lending by fintech companies has democratised access to credit greatly over the last few years Financial inclusion has been improving rapidly in the
Editorial. Oct inflation print encouraging, but questions remain – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/oct-inflation-print-encouraging-but-questions-remain/article67532575.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/oct-inflation-print-encouraging-but-questions-remain/article67532575.ece Pulses inflation is causing concern October’s inflation reading of 4.87 per cent comes as a relief, even if it is seen as
