Category: RBI–Banks
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
RBI may extend I-CRR prescription on deposits for a few weeks – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/rbi-may-extend-i-crr-prescription-on-deposits-for-a-few-weeks/article67281300.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-may-extend-i-crr-prescription-on-deposits-for-a-few-weeks/article67281300.ece Banks asked to maintain 10% incremental cash reserve ratio on deposits The Reserve Bank of India may extend its prescription that requires banks to
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
Acharya’s wish: RBI needs to deliver 4% retail inflation year after year
https://www.business-standard.com/economy/news/acharya-s-wish-rbi-needs-to-deliver-4-retail-inflation-year-after-year-123090600822_1.html Clipped from: https://www.business-standard.com/economy/news/acharya-s-wish-rbi-needs-to-deliver-4-retail-inflation-year-after-year-123090600822_1.html Reminds analysts, bond markets that inflation target is 4% and not 6% Photo: Bloomberg As the retail price inflation surges past seven
RBI Governor vows commitment to 4% inflation target amid food price shocks
https://www.thehindubusinessline.com/money-and-banking/rbi-governor-vows-commitment-to-4-inflation-target-amid-food-price-shocks/article67274035.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-governor-vows-commitment-to-4-inflation-target-amid-food-price-shocks/article67274035.ece As guardian of price stability, central bank promises to continue with swift and resolute actions The Reserve Bank of India Governor Shaktikanta
RBI Governor vows commitment to 4% inflation target amid food price shocks – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/rbi-governor-vows-commitment-to-4-inflation-target-amid-food-price-shocks/article67274035.ece lipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-governor-vows-commitment-to-4-inflation-target-amid-food-price-shocks/article67274035.ece As guardian of price stability, central bank promises to continue with swift and resolute actions The Reserve Bank of India Governor Shaktikanta
Time to rein in unsecured loans – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/time-to-rein-in-unsecured-loans/article67274528.ece Clipped from: https://www.thehindubusinessline.com/opinion/time-to-rein-in-unsecured-loans/article67274528.ece Need for caution. Their rise coincides with a rise in the push for financial inclusion, digital inclusion and education loan Unsecured loans
Fintechs can act both as competitors and collaborators: T Rabi Sankar
https://www.business-standard.com/economy/news/fintechs-can-act-both-as-competitors-and-collaborators-t-rabi-sankar-123090501235_1.html Clipped from: https://www.business-standard.com/economy/news/fintechs-can-act-both-as-competitors-and-collaborators-t-rabi-sankar-123090501235_1.html He said regulators also draw comfort in these arrangements as traditional financial entities- banks, NBFCs which are well regulated will continue to
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