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

TCS on foreign remittances: FinMin evaluates issues flagged by banks

https://www.business-standard.com/economy/news/tcs-on-foreign-remittances-finmin-evaluates-issues-flagged-by-banks-123062701023_1.html Clipped from: https://www.business-standard.com/economy/news/tcs-on-foreign-remittances-finmin-evaluates-issues-flagged-by-banks-123062701023_1.html July 1 deadline extension not ruled out Banks Listen to This Article The finance ministry is “evaluating” the issues related to the

🙏Withdrawal of ₹ 2000 notes — SBI Ecowrap opines [1] apart from favourable impact on CP-CD rates , e-rupee should be an ultimate beneficiary of this tactical move –absence of high denomination notes should propel faster adoption of e-rupee for merchant transactions[2] out of 3.62 lakh crore worth of 2000 denomination notes, 85% [ 3.08 lakh crore –will come into banking system as deposits and the rest 54000 crore will be exchanged [3] and ultimately GDP will get a boost.– courtesy BusinessLine 20.6.23

RBI injects 75,000 crore into the banking system as liquidity tightens due to tax outflows – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/rbi-injects-75000-cr-into-the-banking-system-as-liquidity-tightens-due-to-tax-outflows/article66986670.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-injects-75000-cr-into-the-banking-system-as-liquidity-tightens-due-to-tax-outflows/article66986670.ece Overnight money market rates harden above repo rate The Reserve Bank of India (RBI) conducted a four-day variable rate repo (VRR) auction on Monday

The provision on settlement with defaulting borrowers is not new, but it creates moral hazard | The Financial Express

https://www.financialexpress.com/opinion/the-provision-on-settlement-with-defaulting-borrowers-is-not-new-but-it-creates-moral-hazard/3129538/ Clipped from: https://www.financialexpress.com/opinion/the-provision-on-settlement-with-defaulting-borrowers-is-not-new-but-it-creates-moral-hazard/3129538/ The Reserve Bank of India’s (RBI) Framework for Compromise Settlements and Technical Write-offs has upset some trade unions who believe the rules

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