Category: RBI–Banks
*******Misleading debate on RBI draft gold loan norms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/misleading-debate-on-rbi-draft-gold-loan-norms/article69634473.ece The proposed lending and collateral directives are fair to all parties concerned. The current debate misses basic issues Gold loan draft norms have
*******Finance Ministry urges RBI to delay gold loan rules to Jan 1 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/finmin-hopes-rbi-will-consider-all-concerns-before-finalising-new-gold-loan-regulations/article69636433.ece The Ministry, guided by Finance Minister Nirmala Sitharaman, also suggested exemptions for small borrowers (under ₹2 lakh) Responding to concerns raised by Tamil
Finance ministry seeks relaxation in RBI’s new gold loan proposals | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/finance-ministry-seeks-relaxation-in-rbi-s-new-gold-loan-proposals-125053000458_1.html In April this year, the RBI had proposed tighter rules for monitoring and disbursement of gold loans, often used by low-income borrowers The
ICICI Bank ends PayLater on UPI: Here’s what’s changing for users now | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/icici-bank-ends-paylater-on-upi-here-s-what-s-changing-for-users-now-125052600497_1.html ICICI Bank has discontinued its PayLater credit line on UPI for all users. Existing dues must be paid, but other banking services stay
RBI expects interest rates to fall after new co-lending norms take effect | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/rbi-expects-interest-rates-to-fall-under-new-co-lending-framework-125052201655_1.html RBI met fintech industry bodies to discuss new co-lending norms that propose blended interest rates, which may reduce borrowing costs for digital loan
MSME sector faces ₹30-lakh crore credit gap; alternative finance gathers pace – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/msme-sector-faces-30-lakh-crore-credit-gap-alternative-finance-gathers-pace/article69571731.ece Medium enterprises face the steepest shortfall at 29 per cent, followed by micro and small enterprises Equity finance is also gaining ground, especially
*****Fixing India’s trade finance bottleneck – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fixing-indias-trade-finance-bottleneck/article69564793.ece Rules-based stumbling blocks to trade finance access must be smoothened out Despite advances in e-invoicing, e-way bills, and customs digitisation, there is still no
RBI cannot Casually declare a Person Defaulter without strict proof: Madras HC
Clipped from: https://taxguru.in/rbi/rbi-casually-declare-person-defaulter-strict-proof-madras-hc.html V. Selvaraj Vs Reserve Bank of India (Madras High Court) In a significant ruling, the Madras High Court has set aside the classification
Crisil puts IndusInd Bank’s long-term debt instrument on ‘rating watch’ | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/crisil-puts-indusind-bank-on-rating-watch-amid-audit-derivatives-issue-125050800537_1.html Rating agency says there has been no ‘material outflow’ in lenders deposits in two months IndusInd episode unfolded when the bank, on 10
*****RBI moves to clean up digital lending, mandates transparency in loan offers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-moves-to-clean-up-digital-lending-mandates-transparency-in-loan-offers/article69556751.ece Lenders must list all digital loan apps—whether their own or operated by partners—on the RBI’s CIMS portal, either exclusively or as part of
*****Reaching real equilibrium policy rates – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/reaching-real-equilibrium-policy-rates/article69541943.ece To counter the global trade turbulence, central banks must use the monetary space available to them MPC must give priority to the real
Too many episodes of financial mismanagement: Where does the buck stop?
Clipped from: https://www.business-standard.com/opinion/columns/too-many-episodes-of-financial-mismanagement-where-does-the-buck-stop-125050400424_1.html Should the resignation of senior bankers on moral grounds draw the curtains on mismanagement and accounting discrepancies? RBI Governor Sanjay Malhotra says such
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