Clipped from: https://www.thehindubusinessline.com/opinion/editorial/micro-realities/article69531104.ece TN’s crackdown on microfinance is ill-conceived MFIs play a key role in financial inclusion | Photo Credit: AJIJCHAN The Tamil Nadu Assembly earlier
Category: RBI–Banks
*****Quicker credit data updates will aid underwriting: TransUnion CIBIL MD, CEO | Finance Interviews – Business Standard
Clipped from: https://www.business-standard.com/finance/interviews/quicker-credit-data-updates-will-aid-underwriting-transunion-cibil-md-ceo-125050400719_1.html CIs get fresher data when underwriting or extending additional lines of credit, says Bhavesh Jain Bhavesh Jain, managing director (MD) and chief executive
*******What Documents Are Required for KYC? | List of Documents Required for KYC–Clear Tax
Clipped from: https://cleartax.in/s/documents-required-for-kyc Know Your Customer (KYC) is a compliance procedure initiated by the Reserve Bank of India (RBI). The primary purpose of this compliance is to assess the customer
Banks see sharp slowdown in retail loans in busiest quarter – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-see-sharp-slowdown-in-retail-loans-in-busiest-quarter/article69498138.ece Unsecured loans see steep fall, mortgage loans too see slower growth The tightening of credit underwriting standards on unsecured loans amid tight liquidity
Who’s afraid of small savings scheme? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/current-account/whos-afraid-of-small-savings-scheme/article69498288.ece Why banks are nervous over the government’s reluctance to cut interest rates on small savings schemes FUND OF TRUST: Small savings schemes are
RBI’s ‘golden’ rules for lenders – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/current-account/rbis-golden-rules-for-lenders/article69498314.ece Draft law meant to bridge gaps in gold loan regulation is timely, but needs tweaks GLITTERING COLLATERAL: Weighing the pros and cons of
‘Unless Mr Too Late lowers interest rates’: Trump demands immediate fed rate cuts to avert economic slowdown
https://www.financialexpress.com/business/investing-abroad-unless-mr-too-late-lowers-interest-rates-trump-demands-immediate-fed-rate-cuts-to-avert-economic-slowdown-3817208/ Shared by Financial Express android app click here to download https://financialexpress.page.link/fe_app
Raghav Chadha – ‘Minimum balance, ATM usage, inactivity fee…’: Raghav Chadha calls out banks over hidden charges – ‘Minimum balance, ATM usage, inactivity fee…’: Raghav Chadha calls out banks over hidden charges BusinessToday
https://www.businesstoday.in/india/story/minimum-balance-atm-usage-inactivity-fee-raghav-chadha-calls-out-banks-over-hidden-charges-469580-2025-03-27 Clipped from: https://www.businesstoday.in/india/story/minimum-balance-atm-usage-inactivity-fee-raghav-chadha-calls-out-banks-over-hidden-charges-469580-2025-03-27 “Money is stolen from the customers, and they don’t even know how much money banks take away from them under these charges
Firing at US Fed, turmoil in markets | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/firing-at-us-fed-turmoil-in-markets-9952378/ Undermining independence of central bank will only add to uncertainty and turmoil in economy On Monday, former US treasury secretary Janet Yellen said
RBI’s draft gold loan norms: Compliance cost may rise for lenders | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/rbi-s-gold-loan-norms-may-raise-compliance-burden-for-banks-and-nbfcs-125042000305_1.html Banks, NBFCs need to adopt standardised documentation across all branches Experts said this would increase the operational cost of banks and NBFCs as
CD ratio cut won’t be as steep in FY26: HDFC Bank MD & CEO Jagdishan | Company News – Business Standard
https://www.business-standard.com/companies/news/hdfc-bank-cd-ratio-adjustment-in-fy26-will-not-be-as-steep-md-ceo-125042000447_1.html Clipped from: https://www.business-standard.com/companies/news/hdfc-bank-cd-ratio-adjustment-in-fy26-will-not-be-as-steep-md-ceo-125042000447_1.html CD ratio of HDFC Bank to return to pre-merger levels (85-90 per cent) in FY27 Sashidhar Jagdishan, MD And CEO Of HDFC
RBI Draft guidelines– Gold Loans — what it will mean to NBFC — Courtesy Business Standard
“Currently, the cost of collection, documentation, and calculation as far as gold loans are concerned is around 2 per cent. If the guidelines are implemented
Vishwakarma scheme faces challenges with loan approval rate at just 28%
https://www.business-standard.com/industry/news/vishwakarma-scheme-faces-challenges-with-loan-approval-rate-at-just-28-125041001044_1.html Clipped from: https://www.business-standard.com/industry/news/vishwakarma-scheme-faces-challenges-with-loan-approval-rate-at-just-28-125041001044_1.html While a total of 13.93 lakh loan applications were submitted to PSBs, only 3.9 lakh were approved, highlighting a significant gap in
***Banks seek power to freeze accounts in case of illicit transactions | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/banks-seek-power-to-freeze-accounts-in-case-of-illicit-transactions-125041300363_1.html “In light of this, we may propose this as a suggestion for further consideration by the RBI,” a working group constituted by the
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