https://economictimes.indiatimes.com/wealth/save/debit-card-credit-card-rule-change-online-card-transactions-to-become-faster-more-secure-as-banks-to-create-tokens-tokenisation-explained/articleshow/104366982.cms https://economictimes.indiatimes.com/wealth/save/debit-card-credit-card-rule-change-online-card-transactions-to-become-faster-more-secure-as-banks-to-create-tokens-tokenisation-explained/articleshow/104366982.cmsCard tokenisation is a major reform to enhance the security of online transactions. As of now, tokens could can only be created at various
Category: RBI–Banks
Vault Matters: How relevant is CASA these days? – The Hindu BusinessLine
https://www.thehindubusinessline.com/specials/current-account/vault-matters-how-relevant-is-casa-these-days/article67393767.ece Clipped from: https://www.thehindubusinessline.com/specials/current-account/vault-matters-how-relevant-is-casa-these-days/article67393767.ece CASA shouldn’t mean much, especially while dealing with smaller banks, and more so while dealing with small finance banks The ongoing interest
Don’t compromise with wilful defaulters – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/dont-compromise-with-wilful-defaulters/article67396977.ece Clipped from: https://www.thehindubusinessline.com/opinion/dont-compromise-with-wilful-defaulters/article67396977.ece The intent and spirit of measures taken post IBC to bring wilful defaulters to book will get diluted Recently, the Reserve Bank
Why there are so few women in banking
https://www.business-standard.com/economy/news/why-there-are-so-few-women-in-banking-123100800559_1.html Clipped from: https://www.business-standard.com/economy/news/why-there-are-so-few-women-in-banking-123100800559_1.html The most significant boost to achieving gender parity could come from a commitment from companies to provide flexible working In mid-September, President
👍👍👍👍👍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
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
