Clipped from: https://www.business-standard.com/article/opinion/the-rebalancing-act-122050100939_1.html Excess policy accommodation will affect growth The Reserve Bank of India’s (RBI’s) new Report on Currency and Finance (RCF), released last week, presented
Category: RBI–Banks
Yes Bank-DHFL fraud case: CBI raids underway in Mumbai, Pune – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/yes-bank-dhfl-fraud-case-cbi-raids-underway-in-mumbai-pune/articleshow/91201881.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis These sources added that searches were underway at eight locations in Mumbai and Pune. The raids come days after the federal agency
***Bank credit to industry turns around in FY22, infra lending tops Rs 1 trn | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/bank-credit-to-industry-turns-around-in-fy22-infra-lending-tops-rs-1-trn-122042901210_1.html Credit to medium-sized industries grew a robust 71.4% in March 2022 from 34.5% last year, that to micro and small units was 21.5%
Industry well placed to ride any RBI policy rate hike: CII President – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/industry-well-placed-to-ride-any-rbi-policy-rate-hike-cii-president/article65353796.ece TV Narendran, President, CII | Photo Credit: KAMAL NARANG Policy rate hike seems imminent with industry claiming preparedness to cope with it; former
*Missing inflation mandate is a possibility: RBI’s MPC member Jayanth Varma | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/missing-inflation-mandate-is-a-possibility-rbi-s-mpc-member-jayanth-varma-122042500014_1.html ‘The markets should not assume we will guide them, because the data is coming without warning’, said Varma Jayanth R Varma, member, Monetary
*‘Microfinance sector must adapt to RBI’s revised guidelines’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/microfinance-sector-must-adapt-to-rbis-revised-guidelines/article65346489.ece MFIN will have to look at supporting all players with the clear intention of customer protection and growth of the sector | Photo
*RBI issues master directions for issuance of credit cards: What cardholders should know – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/spend/rbi-issues-master-directions-for-issuance-of-credit-cards-what-cardholders-should-know/articleshow/90981453.cms Synopsis For the issuance of credit and debit cards, the Reserve Bank of India (RBI) has issued master directions. Here are some key
*Finance ministry, state-run banks discuss 3-year strategic roadmap | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/finance-ministry-state-run-banks-discuss-3-year-strategic-roadmap-122042201376_1.html Finance ministry officials on Friday met public sector bank (PSB) executives to discuss their strategic three-year roadmap, collaboration among themselves, and implementation of base-level
*RBI’s hawkish stance on liquidity | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rbis-hawkish-stance-on-liquidity/2499613/ With inflation rising, a slower monetary policy tightening by RBI could accelerate de-anchoring of inflation expectations. RBI might “bite the bullet” by hiking
*Reserve Bank of India’s latest norms won’t be disruptive to NBFCs | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/reserve-bank-of-india-s-latest-norms-won-t-be-disruptive-to-nbfcs-122042100010_1.html Intend to narrow regulatory arbitrage between banks and shadow banks Photo: Shutterstock The latest norms concerning large exposures, additional disclosures, and lending to
*Bond Market: Banks, bond market stay ahead of RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/banks-bond-market-stay-ahead-of-rbi/articleshow/90942964.cms Synopsis In essence, banks and the bond market are now ahead of the RBI on the interest rate upcycle. A clutch of banks,
*RBI unveils large exposures framework for Upper Layer NBFCs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-unveils-large-exposures-framework-for-upper-layer-nbfcs/article65336317.ece Sum of all the exposure values to single counterparty must not be higher than 20 per cent of available eligible capital base The
*Will rate hikes succeed in battling retail inflation? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/will-rate-hikes-succeed-in-battling-retail-inflation/article65333436.ece The CPI is driven more by supply side factors. A repo hike may actually aid inflationary pressures by adding to costs The role
*****Micro details of Indian banks’ macro story | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/micro-details-of-indian-banks-macro-story-122041700799_1.html So far, the story reads well. We’ll need to wait a couple of years to see how many restructured loans turn bad and
*How to lodge complaint against any bank, NBFC or payment system participant – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/save/how-to-lodge-complaint-against-any-bank-nbfc-or-payment-system-participant/articleshow/90908296.cms Synopsis The Reserve Bank of India has set up a complaint management system (CMS) through which you can lodge a complaint against any
*Hobson’s choice for RBI: While the rate cycle needs to turn, recovery shouldn’t be a casualty | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/hobsons-choice-for-rbi/2494333/ While the rate cycle needs to turn, recovery shouldn’t be a casualty The central bank has already said its top priority now would
*Loan assets securitised by NBFCs jump 43 pc to Rs 1.25 lakh crore last fiscal: Report | The Financial Express
Clipped from: https://www.financialexpress.com/india-news/loan-assets-securitised-by-nbfcs-jump-43-pc-to-rs-1-25-lakh-crore-last-fiscal-report/2495264/ The amount of loans securitised by NBFCs (Non-Banking Financial Companies) and HFCs (Housing Finance Companies) in FY21 stood at Rs 87,300 crore, Icra
*Parl panel: Link Udyam portal with CIBIL, other databases; need UPI-like platform, credit card for MSMEs | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-parl-panel-link-udyam-portal-with-cibil-other-databases-need-upi-like-platform-credit-card-for-msmes/2494143/ Ease of Doing Business for MSMEs: The need for formalising the credit ecosystem for MSMEs has assumed significance as less than 40 per
*Scale up women co-op banks to bridge the gender gap – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/scale-up-women-co-op-banks-to-bridge-the-gender-gap/article65330393.ece This will help bridge the gender gap in financial inclusion Shri Mahila SEWA Sahakari Bank has been in existence for over four decades.
*Standing deposit facility, a policy milestone – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/standing-deposit-facility-a-policy-milestone/article65330391.ece SDF can absorb surplus liquidity which is transient in nature. As a non-collaterised instrument, it can absorb large volumes The decision of the
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