Clipped from: https://www.business-standard.com/article/finance/payout-will-be-rs-4k-cr-to-give-up-to-rs-5-lakh-to-pmc-depositors-centrum-122012701490_1.html In a Q&A Jaspal Bindra, Chairman of Centrum Group says Unity SFB will take some cash assistance from DICGC to meet the liquidity
Category: RBI–Banks
96% PMC Bank depositors to be paid upfront: Unity SFB | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/96-pmc-bank-depositors-to-be-paid-upfront-unity-sfb-122012701486_1.html On January 25, the finance ministry had approved the merger of PMC Bank with Unity SFB, protecting it from liquidation and bringing relief
Rs 50,000 crore of NPAs may be transferred to NARCL in FY22 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rs-50-000-crore-of-bad-debts-may-be-transferred-to-narcl-in-fy22-122012900034_1.html Overall, 38 accounts worth Rs 83,000 crore identified: SBI chairman Dinesh Kumar Khara, Chairman, SBI (Photo: Kamlesh Pednekar) Lenders are set to transfer
RBI ‘behind the curve’ criticism: Patra says approach has served us well | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/rbi-behind-the-curve-criticism-patra-says-approach-has-served-us-well-122012801809_1.html Addressing criticism of the RBI being “behind the curve”, Michael Patra said that so far, “the approach has served us well”. RBI Deputy
India is on course to be among the fastest growing economies of the world: RBI DG Patra – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/india-is-on-course-to-becoming-among-the-fastest-growing-economies-of-the-world-rbi-dg-patra/article64943047.ece RBI Deputy Governor Michael Debabrata Patra noted that the impact of second wave is relatively less severe India is on course to be
Bad Bank set to begin with 15 stressed assets worth ₹50,000 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/narcl-story/article64943691.ece NARCL will acquire the identified assets by paying the lenders 15% of the acquisition value in cash and 85% via Security Receipts In
Government, RBI urged to review scheme of amalgamation of PMC Bank and Unity SFB – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/goi-and-rbi-should-review-scheme-of-amalgamation-of-pmc-bank-with-unity-sfb-sahakar-bharati/article64940458.ece Sahakar Bharati, a representative body of co-operatives, said the scheme is loaded against PMC Bank depositors Sahakar Bharati on Wedesday said the Government
inflation: View: Dear govt and RBI, stop ignoring the inflation elephant in the room – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-dear-govt-and-rbi-stop-ignoring-the-inflation-elephant-in-the-room/articleshow/89101057.cmsSynopsis Even if one were to look at the problem from the demand side, what is relevant is ‘monetary demand’. In the US’ case,
The era of smart savers: How fintech industry is revolutionising finance in India – The Financial Express
Clipped from: https://www.financialexpress.com/lifestyle/the-era-of-smart-savers-how-fintech-industry-is-revolutionising-finance-in-india/2413224/ Fintech and youth seem to be a match made in heaven, as youngsters increasingly get serious about money, a trend promoted by digital
Bankers await RBI nod on revised bad bank structure – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/bankers-await-rbi-nod-on-revised-bad-bank-structure/2412759/ “What has been proposed now is a principal-agent relationship where the asset resolution will be outsourced to the IDRCL. So far we haven’t
Reserve Bank of India juggles liquidity ops under revised framework | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/reserve-bank-of-india-juggles-liquidity-ops-under-revised-framework-122012200036_1.html Conducts special variable rate repo operation to ease tight liquidity situation Reserve Bank of India The Reserve Bank of India (RBI) on Friday once again
What happens when you miss your BNPL payment? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/did-you-know/story/what-happens-when-you-miss-your-bnpl-payment-319222-2022-01-15 While the BNPL industry is expected to grow in India, it is important to note the risks that come from hidden costs, lack
How Digital Banking Is Slowly Taking Over Traditional Banking | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/sponsored-business/how-digital-banking-is-slowly-taking-over-traditional-banking-7735409/ Digital banking offers customers the convenience of banking at their fingertips with 24×7 availability and secure transactions. Digital Banking The new generation lives
182 factoring companies for MSMEs now, up from seven earlier | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/182-factoring-companies-for-msmes-now-up-from-seven-earlier-122012100032_1.html The RBI has allowed all non-deposit taking NBFC-Investment and Credit Companies (NBFC-ICCs) with asset size of ₹1,000 crore and above to carry on
RBI holds repo auction as GST outflow tightens liquidity – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-holds-repo-auction-as-gst-outflow-tightens-liquidity/article64927410.ece Conducts one-day variable rate repo auction for ₹50,000 crore to cool overnight call money market rates In a bid to rebalance liquidity in
Towards fuller capital convertibility – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/towards-fuller-capital-convertibility/2409931/ The path to full convertibility will not be linear and India looks set to continue moving gradually The process of capital account convertibility
A boost for ‘less cash’ – The Financial Express
lipped from: https://www.financialexpress.com/opinion/a-boost-for-less-cash/2409911/ Allowing small-value transactions in the offline mode is a leap forward Of course, the pandemic also acted as a catalyst, driving behavior change.
Budget 2022: Course correction for the bad bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/course-correction-for-the-bad-bank/articleshow/89003559.cmsSynopsis The coming budget should make a course correction – even if it means altering a plan laid down in the last one. The
PSBs have lost sight of their raison d’etre – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/psbs-have-lost-sight-of-their-raison-detre/article64910778.ece They are no longer sought after by big borrowers. And, banks are unable to adopt new ways to access small businesses It has
PayU offers small businesses instant credit access with repayment cycles from 1 week to 1 year – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-payu-offers-small-businesses-instant-credit-access-with-repayment-cycles-from-1-week-to-1-year/2409316/ Credit and Finance for MSMEs: The credit amount ranges from Rs 25,000 to several crores with repayment cycles from 1 week to 1 year.
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