Clipped from: https://www.thehindubusinessline.com/opinion/columns/statistalk/credit-cards-losing-relevance/article65527707.ece Five years ago, if a bank wasn’t in the credit cards space, then it was missing something. But does that novelty value hold
Category: RBI–Banks
*FM launches EASE 5.0 public sector banks common reform agenda – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/fm-launches-ease-50-public-sector-banks-common-reform-agenda/article65507944.ece It spells out the common reforms agenda for public sector banks Finance and Corporate Affairs Minister Nirmala Sitharaman, on Wednesday, launched the fifth
*RBI’s monetary policy to focus on macroeconomic stability | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-monetary-policy-to-focus-on-macroeconomic-stability-122060601248_1.html Since the last policy announcement, inflationary risks have increased significantly The Reserve Bank of India’s (RBI’s) monetary policy actions during April-May 2022 were
*RBI issues differential provisioning norms for standard assets for large NBFCs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-issues-differential-provisioning-norms-for-standard-assets-for-large-nbfcs/article65501304.ece RBI said provisioning guidelines for NBFC-UL will be effective October 1, 2022 The Reserve Bank of India (RBI) has aligned provisioning norms for
MPC may go for back-to-back repo rate hike to temper inflation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/mpc-may-go-for-back-to-back-repo-rate-hike-to-temper-inflation/article65496802.ece Market expects 35-50 bps repo rate hike The monetary policy committee (MPC) is expected to go in for a back-to-back ‘no-brainer’ repo rate
*****Does RBI’s inflation band need a relook? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/does-rbis-inflation-band-need-a-relook/article65417016.ece The target of 4% with a 2% band either way may appear too restrictive, given today’s situation. RBI needs more elbow room As
*****Credit cards usage, issuances increase despite rise of UPI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/credit-cards-usage-issuances-increase-despite-rise-of-upi/article65410466.ece However, UPI P2M transactions have significantly eaten into share of card and other payment modes The Unified Payments Interface is the clear leader
RBI opens banks credit for NBFCs to on-lend continuously to priority sector | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-opens-banks-credit-for-nbfcs-to-on-lend-continuously-to-priority-sector-122051301279_1.html Bank credit to NBFCs, including HFCs, will be allowed up to an overall limit of 5% of an individual banks total priority sector
*****RBI could have been more circumspect in timing: Alphaniti Fintech’s UR Bhat | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/rbi-could-have-been-more-circumspect-in-timing-alphaniti-fintech-s-ur-bhat-122050900015_1.html In conversation with Sundar Sethuraman, Bhat says policymakers should usher in changes gradually, so that markets get a fair idea of what to
*Protection card – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/protection-card/article65394118.ece Close up female hand holds levitating template mockup Bank credit card with online service isolated on green background. High quality photo istock photo
*****MPC overturns standard assumptions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/monetary-policies-could-hold-surprises/article65389330.ece Surprise can be a new way of making monetary policy more effective. | Photo Credit: NEHA S Surprise can work in achieving policy
*****RBI falls in line with global central banks | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/rbi-falls-in-line-with-global-central-banks-122050800842_1.html Another rate hike in June is on the cards. The question is: How much? Could it be 75 bps at one go or
*****RBI’s sudden repo rate hike and how it will impact you – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/rbis-sudden-repo-rate-hike-and-how-it-will-impact-you/article65381477.ece The Reserve Bank of India (RBI) headquarters in Mumbai. | Photo Credit: FRANCIS MASCARENHAS This announcement in hike will make rates of all
*****RBI’s policy rate hike likely to hit housing demand: Realty industry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/rbis-policy-rate-hike-likely-to-hit-housing-demand-realty-industry/articleshow/91318800.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis Commenting on the policy, industry body CREDAI’s President Harsh Vardhan Patodia, said, “The low repo rates had given a boost to the
*****PSBs’ credit growth crowding in credit growth from private sector banks: SBI report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/psbs-credit-growth-crowding-in-credit-growth-from-private-sector-banks-sbi-report/article65375027.ece FY22 ends with incremental credit growth at ₹10.5 lakh crore, 1.8 times higher than FY21 growth Expansion in public sector banks’ (PSBs) credit
*****Financing the recovery – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/financing-the-recovery/article65375920.ece istock/Tinnakorn Jorruang | Photo Credit: Tinnakorn Jorruang The RBI’s Report on Currency and Finance leaves unanswered questions on banking reforms The burden of
Regulations Review Authority recommends withdrawal of 225 more RBI circulars – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/regulations-review-authority-recommends-withdrawal-of-225-more-rbi-circulars/article65376376.ece With the third tranche of recommendations, the Authority has so far recommended the withdrawal of 475 RBI circulars | Photo Credit: PAUL NORONHA
*****FISME to launch digital lending platform for MSMEs; signs MoU with financial guarantee provider Eqaro | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-fisme-to-launch-digital-lending-platform-for-msmes-signs-mou-with-financial-guarantee-provider-eqaro/2509312/ Credit and Finance for MSMEs: FISME said the platform is expected to be launched this year and will provide access to collateral-free capital
*****Banks’ portfolios getting increasingly skewed towards investment in G-Secs, lending to retail sector: RBI report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-portfolios-getting-increasingly-skewed-towards-investment-in-g-secs-lending-to-retail-sector-rbi-report/article65372587.ece Representative image Risk of transforming the system into ‘G-Sec investment oriented banking’ Banks’ lending operations may get skewed towards smaller and financially weaker
*****Macro challenges of micro lenders | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/macro-challenges-of-micro-lenders-122050100920_1.html The freedom to fix interest rates has encouraged a few MFIs to jack up rates on Day One. It will take a while
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