Clipped from: https://www.business-standard.com/article/economy-policy/digital-payments-spike-but-cash-circulation-still-high-shows-data-122032401589_1.html UPI has been the biggest beneficiary of the digital payments drive. The burgeoning volumes of unified payments interface (UPI) prove that the pandemic
Category: RBI–Banks
Unsecured loans: What MSMEs should do to get credit from banks, NBFCs without collateral | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-unsecured-loans-what-msmes-should-do-to-get-credit-from-banks-nbfcs-others-without-collateral/2469969/ Credit and Finance for MSMEs: Even as securing credit via the cash flow-based model is relatively easier than raising an asset-backed loan, the
RBI continues to support growth, rupee: Governor Shaktikanta Das | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-continues-to-support-growth-rupee-rbi-governor-shaktikanta-das-122032101466_1.html India comfortably placed to deal with spill-overs from Ukraine crisis, says Das RBI Governor Shaktikanta Das | Photo: Kamlesh Pednekar After resisting the
Bank frauds almost halve during the pandemic – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/bank-fraudsalmost-halve-during-the-pandemic/article65237878.ece Responding to a question in the Rajya Sabha, Minister of State for Finance Bhagwat Karad said, improved detection and reporting along with comprehensive
RBI needn’t go the Fed way soon: Sustaining the economic recovery still requires a helping hand | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rbi-neednt-go-the-fed-way-soon-sustaining-the-economic-recovery-still-requires-a-helping-hand/2464352/ As Fed Chair Jerome Powell observed, the supply-chain disruptions have gone on for far longer than anticipated, and even now there is little
Six bank chiefs agree that worst is over for industry | BS CEO round table: Business Standard News
Clipped from: https://www.business-standard.com/article/finance/bs-ceo-round-table-six-bank-chiefs-agree-that-worst-is-over-for-industry-122031401357_1.html There are some risks and we need to be watchful, say bank chiefs Illustration Leading names of Indian banking, including State Bank of
RBI will ensure stability in the forex market, says Shaktikanta Das | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-will-ensure-stability-in-the-forex-market-says-shaktikanta-das-122031401430_1.html In a fireside chat with Tamal Bandyopadhyay in November 2021, Reserve Bank of India Governor Shaktikanta Das says challenges of all kinds come
Unnecessary and redundant penalties should be taken out of the law books – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-unnecessary-and-redundant-penalties-should-be-taken-out-of-the-law-books/articleshow/90277298.cms Synopsis Global laws have adjusted to changing times. However, some draconian principles exist even today. These provisions have hampered economic growth and are
RBI removes lending rate cap on NBFC-MFIs, changes microfinance definition – The Economic Times
NBFC: RBI removes lending rate cap on NBFC-MFIs, changes microfinance definition – The Economic Times https://economictimes.indiatimes.com/industry/banking/finance/rbi-removes-lending-rate-cap-on-nbfc-mfis-changes-microfinance-definition/articleshow/90199644.cms While this move is on an expected line, RBI
At 642, Kotak Mahindra Bank hit by highest number of bank frauds of Rs 1 lakh and more in Apr-Dec FY22 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/at-642-kotak-mahindra-bank-hit-by-highest-number-of-bank-frauds-of-rs-1-lakh-and-more-in-apr-dec-fy22/articleshow/90204053.cms Advertorial Eco-friendly cryptos to watch out for this year Synopsis Cryptocurrency mining currently consumes an alarming amount of fossil fuels. But it doesn’t
Banks report robust pick up in credit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/banks-report-robust-pick-up-in-credit/article65212678.ece Crisil estimates that gross bank credit in FY22 will grow by 9-10 per cent against 5 per cent in FY21 Banks have reported
50% customers ready to switch banks in next 12 months: Bain & Company | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/50-customers-ready-to-switch-banks-in-next-12-months-bain-company-122031001631_1.html If it’s a good deal, many willing to shift to fintech players, neo banks, among others Retaining customers is important for banks. Loyal
We see inflation averaging 5.4% in FY23: Crisil Chief Economist D K Joshi | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/we-see-inflation-averaging-5-4-in-fy23-crisil-chief-economist-d-k-joshi-122031000895_1.html In a Q&A, he says the Ukraine war-led spike in commodity prices will impact household inflation, and that the capex thrust by the
Govt to extend loan scheme for building healthcare, medical infrastructure | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-to-extend-loan-scheme-for-building-healthcare-medical-infrastructure-122031001668_1.html A medical worker at a makeshift healthcare facility for Covid-19 patients in Delhi on January 18, 2022. (PTI Photo/Kamal Singh) The Centre will
SBI to revamp banking app YONO, position it as complete digital bank | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/sbi-to-revamp-banking-app-yono-position-it-as-complete-digital-bank-122031000684_1.html YONO has three facets, namely DB for seamless and intuitive banking services The customer experience has to be taken up on priority to
Ukraine war impact reverberates through world’s factory floor – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/ukraine-war-impact-reverberates-through-worlds-factory-floor/articleshow/90115232.cms Synopsis Copper, used in appliances and wiring, reached new highs. Nickel, used in lithium-ion batteries, has spiked to a record while other raw
Managing the rupee | Business Standard Editorials
lipped from: https://www.business-standard.com/article/opinion/managing-the-rupee-122030901384_1.html An orderly adjustment would be healthy The US banned energy imports from Russia on Tuesday to apply more economic pressure as the war
Banks, financial institutions rush to raise funds as credit growth picks up | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-financial-institutions-rush-to-raise-funds-as-credit-growth-picks-up-122030901532_1.html Overall credit growth for the current financial year may remain in single-digit in the current financial year, though there will be improvement as
What does RBI’s $5 billion dollar-rupee swap mean? |The Indian Express
Clipped from: https://indianexpress.com/article/explained/explained-what-does-rbis-5-bn-dollar-rupee-swap-mean-7808158/ When the central bank sells dollars, it sucks out an equivalent amount in rupees, thus reducing the rupee liquidity in the system. Dollar
PNB locker claim settlement: How claims settlement will work after death of locker hirer – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/save/pnb-locker-claim-settlement-how-claims-settlement-will-work-after-death-of-locker-hirer/articleshow/90116624.cms Synopsis PNB has a simplified policy and procedure in place to help with the settlement of claims for deposits, locker contents left in
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