Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/rbi-reserves-right-to-time-policy-normalisation/article65078734.ece Michael Patra India is in a comfortable position as far as inflation is concerned, says RBI Deputy Governor The Reserve Bank of India
Category: RBI–Banks
Banks may miss deadline to implement cassette swap in ATMs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/tp-variety/banks-may-miss-deadline-to-implement-cassette-swap-in-atms/article65075462.ece Guwahati: A worker disinfects ATM machines as a measure to prevent the spread of coronavirus pandemic, during nationwide lockdown, in Guwahati, Monday, March
RBI to undertake $5 b USD/INR sell/buy swap auction next month – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/rbi-to-undertake-5-b-usdinr-sellbuy-swap-auction-next-month/article65072280.ece The Reserve Bank of India (RBI) has decided to undertake a US Dollar/ Indian Rupee sell/ buy swap auction of $5 billion on
Don’t bank just on EPS as its pension payouts are paltry, say analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/don-t-bank-just-on-eps-as-its-pension-payouts-are-paltry-say-analysts-122022101378_1.html At present, it is mandatory for employees who earn a basic salary plus dearness allowance (DA) of up to Rs 15,000 to enrol
Dealing with RBI’s policy dilemma | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/dealing-with-rbi-s-policy-dilemma-122022101457_1.html Separation of public debt management from monetary policy is necessary for resolving conflict between two competing policy objectives In the absence of evidence
Access to credible cash flow makes lending to SMEs very easy: SBI Chairman Dinesh Kumar Khara – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-access-to-credible-cash-flow-makes-lending-to-smes-very-easy-sbi-chairman-dinesh-kumar-khara/2440584/ Credit and Finance for MSMEs: “I’m confident because with the credible bureau scores we have, if we get access to credible cash flows,
rupee: RBI likely to step in to stabilise rupee in forex market – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/rbi-likely-to-step-in-to-stabilise-rupee-in-forex-market/articleshow/89713267.cms Synopsis The Reserve Bank of India (RBI) is expected to step up its intervention in the foreign exchange market to prevent wild swings
How did balance sheets become healthier? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/how-did-balance-sheets-become-healthier-122022000971_1.html Bank financing of firm investment has retreated in favour of equity financing A rise in stock prices is synonymous with an improvement in credit
Govt to create equity fund for start-ups with 20 pc limited partnership: MoS IT – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/govt-to-create-equity-fund-for-start-ups-with-20-pc-limited-partnership-mos-it/2438960/ “The finance minister has announced that there will be such a fund where the government will be a 20 per cent limited partner
Don’t scare bona fide bankers stiff – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/dont-scare-bona-fide-bankers-stiff/articleshow/89648581.cms Synopsis Following amendments to the Prevention of Corruption Act, rules seek to protect against arbitrary criminalisation of decisions by bankers and public servants.
TransUnion CIBIL partners with FICCI to help MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/transunion-cibil-partners-with-ficci-to-help-msmes/articleshow/89659899.cms Synopsis The program’s objective is to empower MSMEs with knowledge on how to build a good credit history and CIBIL Rank to avail
ABG Shipyard Case Updates | ABG Shipyard allegedly used 38 overseas firms to divert funds – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/abg-shipyard-allegedly-used-38-overseas-firms-to-divert-funds/articleshow/89649530.cms Synopsis Both the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) have booked ABG Shipyard and its directors on charges of criminal
Debt recovery: HC proposes to initiate vigilance enquiry against bank official – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/debt-recovery-hc-proposes-to-initiate-vigilance-enquiry-against-bank-official/articleshow/89690652.cms Synopsis While the borrowed sum was Rs 62 lakh in 1992, the Debt Recovery Tribunal ordered the defaulted to return Rs 1.85 crore
Bias for interest rates is on the upside, says UTI MF’s Amandeep Chopra | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/bias-for-interest-rates-is-on-the-upside-says-uti-mf-s-amandeep-chopra-122021500802_1.html As the markets adjust to the process of policy normalization, investors can focus on products which are running strategies to capture these trends
NBFCs seek priority sector tag for 2-wheeler loans financed by bank credit | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/nbfcs-seek-priority-sector-tag-for-2-wheeler-loans-financed-by-bank-credit-122021801185_1.html This would help them get cheaper funds from banks and increase lending, especially in rural areas Finance companies have sought priority sector lending status
New prudential norms: NBFCs get some leeway on bad loans classification | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/new-prudential-norms-nbfcs-get-some-leeway-on-bad-loans-classification-122021501451_1.html The Reserve Bank allowed some relaxation in the stricter prudential norms announced for all lenders, including shadow banks The Reserve Bank on Tuesday
NBFCs get extra 6-months to keep system ready to implement NPA norms | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/nbfcs-get-extra-6-months-to-keep-system-ready-to-implement-npa-norms-122021600060_1.html In November 2021, RBI had given time till March 31, 2022 to implement the rule Imaging: Ajay Mohanty The Reserve Bank of India
NBFCs get extra 6-months to keep system ready to implement NPA norms | Business Standard News
lipped from: https://www.business-standard.com/article/finance/nbfcs-get-extra-6-months-to-keep-system-ready-to-implement-npa-norms-122021600060_1.html In November 2021, RBI had given time till March 31, 2022 to implement the rule Imaging: Ajay Mohanty The Reserve Bank of India
Underspending on MSME schemes increased in 2020-21, shows govt data – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-underspending-on-msme-schemes-increased-in-2020-21-shows-govt-data/2433939/ Credit and Finance for MSMEs: Out of Rs 7,572.20 crore earmarked for the MSME Ministry in the Union Budget 2020-21, Rs 5,647.50 crore
The political risks of low interest rates are high in an election year | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-political-risks-of-low-interest-rates-are-high-in-an-election-year-122021400129_1.html Since 1989, governments have risked that the benefits of higher economic growth will offset the costs of higher inflation The Monetary Policy Committee
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