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

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

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