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
Category: RBI–Banks
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
RBI clarifies on mode of receipt of complaints under RBI Integrated Ombudsman Scheme 2021–TAXSCAN
Clipped from: https://taxguru.in/rbi/rbi-clarifies-mode-receipt-complaints-rbi-integrated-ombudsman-scheme-2021.html?utm_source=feedburner&utm_medium=email Reserve Bank of India Reserve Bank clarifies on the mode of receipt of complaints under Reserve Bank – Integrated Ombudsman Scheme 2021(RB-IOS) Instances
RBI’s $5.135-b dollar swap auction seen buoying rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/rbis-5135-b-dollar-swap-auction-seen-buoying-rupee/article65205979.ece Move expected to cool volatility inthe forex market; suck out liquidity In a move that could cool volatility in the rupee-dollar exchange rate,
Myths and reality of microfinance | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/myths-and-reality-of-microfinance-122030600906_1.html The size of loans and tenure of repayment can be increased. MFIs should also be allowed to give secured micro loans, depending on
RBI must start focusing on inflation control – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/rbi-must-start-focusing-on-inflation-control/article65199566.ece With the Ukraine war adding to inflationary pressures, RBI’s accommodative stance may no longer be tenable The monetary policy committee in February 2022
Myths and reality of microfinance | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/myths-and-reality-of-microfinance-122030600906_1.html The size of loans and tenure of repayment can be increased. MFIs should also be allowed to give secured micro loans, depending on
Banks told to tighten monitoring, have ironclad KYC to avoid new ‘Jamtara’ | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-told-to-tighten-monitoring-have-ironclad-kyc-to-avoid-new-jamtara-122021601581_1.html?code=NTM4OTU9MTIyMDIxNjAxNTgx Banking sources indicate there have been brazen violations of Section 17 of the RBI’s Master Direction on KYC norms That explains the need
RBI’s dollar–rupee swap auction and its rationale – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/rbis-dollarrupee-swap-auction-and-its-rationale/article65191711.ece American Dollar sign sitting in front of bar graph. Selective focus. Horizontal composition with copy space. Stock market and finance concept. American Dollar
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