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

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

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

RBI circular on network choice seen helping RuPay grow credit card base – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/rbi-circular-on-network-choice-seen-helping-rupay-grow-credit-card-base/article67050215.ece lipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-circular-on-network-choice-seen-helping-rupay-grow-credit-card-base/article67050215.ece RBI, on Wednesday, asked card issuers not to enter into bi-lateral arrangements with card networks and issue cards across more than one

Credit Card portability: Change from Visa to MasterCard to RuPay or any network soon – What RBI said | The Financial Express

https://www.financialexpress.com/money/credit-card-portability-change-from-visa-to-mastercard-to-rupay-or-any-network-soon-what-rbi-said/3158041/ Clipped from: https://www.financialexpress.com/money/credit-card-portability-change-from-visa-to-mastercard-to-rupay-or-any-network-soon-what-rbi-said/3158041/ Credit Card portability rules 2023: From October 1, credit card, debit card and prepaid card customers will be able to port their

Excessive risk taking by banks needs to be checked – The Hindu BusinessLine

https://www.thehindubusinessline.com/opinion/editorial/excessive-risk-taking-by-banks-needs-to-be-checked/article67028063.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/excessive-risk-taking-by-banks-needs-to-be-checked/article67028063.ece There are several red flags in certain categories. With credit offtake by industry slowing down, retail loans now account for one-third of

Economy remains resilient, banking system fortified by low level of NPAs: RBI – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/economy-remains-resilient-banking-system-fortified-by-low-level-of-npas-rbi/article67019543.ece Clipped from: https://www.thehindubusinessline.com/economy/economy-remains-resilient-banking-system-fortified-by-low-level-of-npas-rbi/article67019543.ece RBI Governor Shaktikanta Das said the Indian economy has made a solid recovery and is among the fastest-growing large economies Indian economy

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