Clipped from: https://www.thehindu.com/opinion/op-ed/the-scam-faultline-is-damaging-indian-banking/article65628245.ece More steps to prevent frauds are needed which include tightening the internal and external audit systems of banks ‘While the Government of India
Category: RBI–Banks
Banks to report mark-to-market losses of Rs 13,000 crore on rising bond yields: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-to-report-mark-to-market-losses-of-rs-13000-crore-on-rising-bond-yields-report/articleshow/92827930.cms Synopsis The banks have a higher holding of government securities, especially the ones with longer tenors, in their investment portfolios due to which
RBI allows international trade settlement in Rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-allows-international-trade-settlement-in-rupee/article65627903.ece This comes even as the rupee sank to new low; may help in trade with countries such as Russia, Iran and Sri Lanka
Negative interest rate and financial repression | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/negative-interest-rate-financial-repression-122071000281_1.html?code=NTM4OTU9MTIyMDcxMDAwMjgx Investments drive growth but how will investors get funds if the savings pile shrinks with no incentive to save in a negative interest
*******Inflation to ease gradually in H2 this year : RBI Governor – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/inflation-to-ease-gradually-in-h2-rbi-governor/article65619520.ece Will ensure soft landing, says Shaktikanta Das RBI (Reserve Bank of India) Governor Shaktikanta Das on Saturday expressed optimism that inflation would come
*Banks working with CEIB on data sharing to curb frauds – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-working-with-ceib-on-data-sharing-to-curb-frauds/articleshow/92733262.cms Synopsis “We will have a uniform format for obtention of information and further aim towards digitisation of the whole information network, so that
*******Need to recognise global factors in inflation and policy coordination, says RBI governor – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/need-to-recognise-global-factors-in-inflation-and-policy-coordination-says-rbi-governor/articleshow/92767751.cms Synopsis Das reiterated that RBI endeavors to bring down the inflation closer to the target of 4% with a moderate slowdown to output
*****Shoring up early: RBI’s measures to attract dollars are a prudent call. Good news is that commodity prices are falling–TIMES OF INDIA
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/shoring-up-early-rbis-measures-to-attract-dollars-are-a-prudent-call-good-news-is-that-commodity-prices-are-falling/ TOI Edit– Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues
*****RBI’s innovative approach to control the fall in rupee is commendable | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-s-innovative-approach-to-control-the-fall-in-rupee-is-commendable-122070601027_1.html The efficacy of the central bank’s steps will be seen in the coming days Madan Sabnavis is Chief economist, Bank of Baroda. The
What RBI’s letter to govt on missing inflation target is likely to contain | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/what-rbi-s-letter-to-govt-on-missing-inflation-target-is-likely-to-contain-122070601155_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Newsletter_11072018 Failure to keep inflation between 2-6% for three straight quarters will require RBI Governor to explain to FinMin why target was missed, and
*****RBI measures a step in right direction but forex inflows still seen limited | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-steps-may-not-be-game-changer-but-could-address-widening-cad-122070601278_1.html RBI announced five measures pertaining to the liberalisation of foreign exchange flows into India The RBI lifted the requirement of Statutory Liquidity Ratio
*****Why did the RBI crackdown on BNPL companies? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/why-did-the-rbi-crackdown-on-bnpl-companies/article65602974.ece Sources say they misled customers by not disclosing loans taken in the customer’s name Industry insiders say many ‘buy now, pay later’ (BNPL)
*******RBI should intervene less, let rupee depreciate gradually: D Subbarao | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-should-intervene-less-let-rupee-depreciate-gradually-d-subbarao-122070400546_1.html In a Q&A, the former RBI Governor says the situation is very different from the Taper Tantrum and that the rupee has actually
*****Credit ratings info only where it’s due – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/credit-ratings-info-only-where-its-due/articleshow/92661857.cms Synopsis Reportedly, rating agencies also expect Sebi to deal with the pitfalls of rating companies that do not share their financials. Earlier, the
*Need another out-of-turn rate hike | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/need-another-out-of-turn-rate-hike/2581070/ That may surprise the market enough to give the rupee some breathing room and a little upward momentum, even if temporary. Today, 16%
*Resilient amid risks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/as-the-rbi-points-out-the-crisis-in-npas-and-nbfcs-has-been-alleviated-but-fintech-poses-a-problem/article65595740.ece As the RBI points out, the crisis in NPAs and NBFCs has been alleviated but fintech poses a problem The key takeaway from
*****Huge treasury loss staring at banks in June quarter | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/huge-treasury-loss-staring-at-banks-in-june-quarter-122070300581_1.html Will the RBI step in again to the rescue of the banks and ensure smooth sailing of the government’s record borrowing plan this
*Twin deficit problem: What does it mean and how does it affect an economy? | Business Standard News
Clipped from: https://www.business-standard.com/podcast/finance/what-is-a-twin-deficit-problem-122062300077_1.html The finance ministry recently said that India is at low risk of stagflation. But it also cautioned about a twin deficit problem that
*The rupee’s ‘new lows’: Why it’s not necessarily a cause for concern | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-rupee-s-new-lows-why-it-s-not-necessarily-a-cause-for-concern-122070101203_1.html The framers of a ‘strong currency’ policy ignore that almost every country with a successful long-term record of development has pursued a ‘weak
*How the RBI unconventionally innovated policy to fight the pandemic-Soumya Kanti Ghosh writes:-INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/how-the-bank-held-its-own-8002098/ Soumya Kanti Ghosh writes: It did not get fixated on a one-point agenda, daring to look beyond the inflation print, focussing on economic
aniltikotekar4sme.com 