Category: RBI–Banks
Data gaps complicate response to food inflation – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/data-gaps-complicate-response-to-food-inflation/article67112235.ece lipped from: https://www.thehindubusinessline.com/opinion/editorial/data-gaps-complicate-response-to-food-inflation/article67112235.ece To assess whether a crisis exists or not, information on output and stocks is crucial. In its absence, it is difficult to
Fed hikes rates to highest level in 16 years at 5.25%-5.5% citing inflation
https://www.business-standard.com/world-news/fed-hikes-rates-to-highest-level-in-16-years-at-5-25-5-5-citing-inflation-123072700003_1.html Clipped from: https://www.business-standard.com/world-news/fed-hikes-rates-to-highest-level-in-16-years-at-5-25-5-5-citing-inflation-123072700003_1.html The rate hike, the Fed’s 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and
MPC to remain watchful – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/mpc-to-remain-watchful/article67124352.ece Clipped from: https://www.thehindubusinessline.com/opinion/mpc-to-remain-watchful/article67124352.ece Vegetable prices, kharif yields are pain points The Monetary Policy Committee (MPC) is set to meet during August 8-10, 2023, with a
Banks’ gross NPAs in MSMEs dropped to five-year low in FY23; declined 14% from FY22 | The Financial Express
https://www.financialexpress.com/industry/sme/banks-gross-npas-in-msmes-dropped-to-five-year-low-in-fy23-declined-14-from-fy22/3186482/ lipped from: https://www.financialexpress.com/industry/sme/banks-gross-npas-in-msmes-dropped-to-five-year-low-in-fy23-declined-14-from-fy22/3186482/ Gross MSME NPAs in Scheduled Commercial Banks peaked at Rs 1.83 lakh crore in FY20 from Rs 1.63 lakh crore in FY19
Attrition rates in private banks jump to over 30% on increased competition – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/attrition-rates-in-private-banks-jump-to-over-30-on-increased-competition/article67102367.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/attrition-rates-in-private-banks-jump-to-over-30-on-increased-competition/article67102367.ece Most players such as Axis Bank, Kotak Mahindra Bank and HDFC Bank have reported an increase in the turnover rates Employee turnover
👍👍👍👍👍Eye on Emirati flows: on the new India-UAE framework and rupee-dirham transactions – The Hindu
https://www.thehindu.com/opinion/editorial/eye-on-emirati-flows-on-the-new-india-uae-framework-and-rupee-dirham-transactions/article67090751.ece lipped from: https://www.thehindu.com/opinion/editorial/eye-on-emirati-flows-on-the-new-india-uae-framework-and-rupee-dirham-transactions/article67090751.ece There are both risks and benefits in the rupee-dirham settlement system The Reserve Bank of India (RBI) and the Central Bank of the
👍👍👍👍👍👍👍RBI showcases frictionless digital loans in minutes to farmers | The Financial Express
https://www.financialexpress.com/industry/banking-finance/rbi-showcases-frictionless-digital-loans-in-minutes-to-farmers/3175084/ lipped from: https://www.financialexpress.com/industry/banking-finance/rbi-showcases-frictionless-digital-loans-in-minutes-to-farmers/3175084/ Working on more such tech platforms for digital loans to MSME, personal loans “The digitalization of processes was substantially reducing operational expenses
Maximising Rewards: How to prevent expiry of credit card reward points | The Financial Express
https://www.financialexpress.com/money/maximising-rewards-how-to-prevent-expiry-of-credit-card-reward-points/3172967/ Clipped from: https://www.financialexpress.com/money/maximising-rewards-how-to-prevent-expiry-of-credit-card-reward-points/3172967/ Let’s learn some valuable insights about how to avoid the expiration of credit card reward points, ensuring you make the most of
Bank branches are irreplaceable – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/bank-branches-are-irreplaceable/article67091055.ece Clipped from: https://www.thehindubusinessline.com/opinion/bank-branches-are-irreplaceable/article67091055.ece Branch visits are required for specialised products, big-ticket/jewel loans, resolving complaints, et al On July 19, 1969, the then government, headed by
PSBs stepping up recovery of bad loans to meet FinMin’s 40% target: Report
https://www.business-standard.com/finance/news/psbs-stepping-up-recovery-of-bad-loans-to-meet-finmin-s-40-target-report-123071700155_1.html Clipped from: https://www.business-standard.com/finance/news/psbs-stepping-up-recovery-of-bad-loans-to-meet-finmin-s-40-target-report-123071700155_1.html In the five years that ended on March 31, 2022, the PSBs were able to recover only 14 per cent, Rs 1.03
PSBs to step up one-time settlement in written-off loans to meet 40% recovery target set by FinMin, RBI – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/psbs-to-step-up-one-time-settlement-in-written-off-loans-to-meet-40-recovery-target-set-by-finmin-rbi/article67087514.ece lipped from: https://www.thehindubusinessline.com/money-and-banking/psbs-to-step-up-one-time-settlement-in-written-off-loans-to-meet-40-recovery-target-set-by-finmin-rbi/article67087514.ece PSBs could recover only ₹1.03-lakh crore from written-off loans aggregating ₹7.34-lakh crore in the last five years ended March 2022 Public sector
Vault Matters: Oversight or overbearing — a thin line of difference – The Hindu BusinessLine
https://www.thehindubusinessline.com/specials/vault-matters-oversight-or-overbearing-a-thin-line-of-difference/article67086700.ece Clipped from: https://www.thehindubusinessline.com/specials/vault-matters-oversight-or-overbearing-a-thin-line-of-difference/article67086700.ece In the week gone by, senior members of the Reserve Bank of India had rounds of discussions with the heads of private
RBI’s dependence on forex intervention gain needs a closer look – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/rbis-dependence-on-forex-intervention-gain-needs-a-closer-look/article67075628.ece Clipped from: https://www.thehindubusinessline.com/opinion/rbis-dependence-on-forex-intervention-gain-needs-a-closer-look/article67075628.ece A major highlight of the income of the RBI in 2022-23 was a whopping exchange gain of ₹1,03,308 crore — an increase
Are Indian banks ready to adopt the expected credit loss framework?
https://www.business-standard.com/industry/banking/are-indian-banks-ready-to-adopt-the-expected-credit-loss-framework-123071200998_1.html Clipped from: https://www.business-standard.com/industry/banking/are-indian-banks-ready-to-adopt-the-expected-credit-loss-framework-123071200998_1.html The sophistication that ECL is asking for is much more ahead and advanced compared to usual scoring models Illustration: Ajay Mohanty In
The ECL model will not dent profits much: Karur Vysya Bank MD & CEO
https://www.business-standard.com/companies/news/ecl-model-will-not-have-much-dent-on-profitability-karur-vysya-bank-ceo-123062000450_1.html Clipped from: https://www.business-standard.com/companies/news/ecl-model-will-not-have-much-dent-on-profitability-karur-vysya-bank-ceo-123062000450_1.html We will test the waters, ferret out information through our business correspondents, and only then open a branch: B RAMESH BABU, Karur
Hasten deposit insurance reforms – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/hasten-deposit-insurance-reforms/article67072830.ece Clipped from: https://www.thehindubusinessline.com/opinion/hasten-deposit-insurance-reforms/article67072830.ece Even as banks face new risks, uninsured and ‘not fully protected’ deposits are rising. This must be addressed The recently released Financial Stability
RBI targets 10 lakh CBDC transactions per day by year-end: Dy Guv Sankar – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/rbi-targets-10-lakh-cbdc-transactions-per-day-by-year-end-dy-guv-sankar/article67068620.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-targets-10-lakh-cbdc-transactions-per-day-by-year-end-dy-guv-sankar/article67068620.ece RBI is hoping to achieve this milestone by making CBDC interoperable with the UPI (Unified Payments Interface) system The Reserve Bank of
NPAs, write-offs and recoveries – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/npas-write-offs-and-recoveries/article67068469.ece Clipped from: https://www.thehindubusinessline.com/opinion/npas-write-offs-and-recoveries/article67068469.ece Gross NPAs have fallen, but banks should not be complacent as fresh NPAs are emerging and recoveries are far from satisfactory There
Push for multiple credit card network tie-ups makes sense – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/push-for-multiple-credit-card-network-tie-ups-makes-sense/article67064161.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/push-for-multiple-credit-card-network-tie-ups-makes-sense/article67064161.ece In the last five years, the RBI has been battling with global card network providers such as Mastercard, Visa and American Express
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