Clipped from: https://www.business-standard.com/finance/news/rbi-deepens-scrutiny-of-bank-board-meetings-and-governance-practices-125062300004_1.html The central bank’s message (through SSMs) is clear: Mere box-ticking will not suffice In the immediate aftermath of the derivatives mess at IndusInd
Category: RBI–Banks
*****Bank locker customers urged to secure their rights, sign new agreement | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/bank-locker-customers-urged-to-secure-their-rights-sign-new-agreement-125061800804_1.html Many still haven’t signed revised agreements complying with RBI guidelines that were announced in Aug 2021 RBI issues new rules of bank lockers
Banks in need of better security as payment frauds triple in value | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/banks-in-need-of-better-security-as-payment-frauds-triple-in-value-125061700120_1.html According to the central bank’s latest annual report, more than half of frauds took place in digital or card-based transactions, even though they
Techfino raises ₹65 crore to expand MSME lending in smaller cities
Clipped from: https://www.business-standard.com/companies/news/techfino-raises-rs-65-crore-to-expand-msme-lending-in-small-towns-125061701053_1.html Techfino to use fresh funding from Stellaris and Saison Capital to scale secured loans, expand branches, and boost tech-led lending in underserved MSME
Policy space and stance: Inflation outlook will guide MPC’s actions
Clipped from: https://www.business-standard.com/opinion/editorial/policy-space-and-stance-inflation-outlook-will-guide-mpc-s-actions-125061701269_1.html It is important to understand the rationale behind the MPC’s decision to reduce the policy rate by 50 basis points, as against the
Rate cuts done, but monetary transmission must improve – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rate-cuts-done-but-monetary-transmission-must-improve/article69697296.ece Studies show that monetary policy actions in India take two to three quarters to impact output, with a partial pass-through of rate cuts
RBI repo rate cuts alone can’t shift India’s economic growth gear
Clipped from: https://www.business-standard.com/opinion/columns/rbi-repo-rate-cuts-alone-can-t-shift-india-s-economic-growth-gear-125061500692_1.html Clearly, it is not for the RBI and its monetary policy committee (MPC) to fix any of these deep structural issues and magically
What works in central banking? Striking a balance between talk and action
Clipped from: https://www.business-standard.com/opinion/columns/what-works-in-central-banking-striking-a-balance-between-talk-and-action-125061500754_1.html The latest monetary policy has also gone for a 50-basis-point rate cut, double the anticipated reduction As the dust is settling down on
RBI makes it easier to access, reactivate dormant accounts, deposits | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/rbi-makes-it-easier-to-access-reactivate-dormant-accounts-deposits-125061300531_1.html Customers can update KYC through video, at any bank branch, or with the assistance of business correspondents. RBI’s new dormant account guidelines. RBI,
RBI makes KYC easier: Banks must send three reminders before account freeze | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/rbi-makes-kyc-easier-banks-must-send-three-reminders-before-account-freeze-125061300267_1.html Banks must give written reminders before KYC deadline, says RBI RBI Listen to This Article In a move aimed at strengthening consumer protection
*******Rate cuts alone won’t revive growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rate-cuts-alone-wont-revive-growth/article69692053.ece Measures to stimulate demand like tax breaks for consumers, infra spending and support for MSMEs can be considered Need to revive demand |
Reduce unclaimed assets: FM Sitharaman to financial sector regulators | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/sitharaman-urges-fin-sector-regulators-to-cut-unclaimed-assets-125061001194_1.html At the 29th FSDC meeting, FM Nirmala Sitharaman pushed for swift return of unclaimed financial assets and called for simplified, unified KYC norms
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