Clipped from: https://www.deccanherald.com/business/business-news/banking-frauds-may-surge-in-next-two-years-deloitte-survey-1071974.html Retail banking was identified as a major contributor to fraud incidents, while the non-retail segment saw an average of 20 fraud incidents Representative
Category: RBI–Banks
Fintech is great. But not big enough to break banks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/fintech-is-great-but-not-big-enough-to-break-banks/articleshow/88946492.cmsSynopsis The total banking sector loans in India are Rs 110 trillion, of which Rs 55 trillion is lent to companies and Rs 30
Banking, financial institutions struggling to deal with increasing fraud incidents: Deloitte survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banking-financial-institutions-struggling-to-deal-with-increasing-fraud-incidents-deloitte-survey/articleshow/88950865.cmsSynopsis Key reasons identified for the increase in fraud incidents over the next two years include large-scale remote working models, increase in customers using
Securitisation volume growth slows to 8% in December quarter: Report | Business Standard News
lipped from: https://www.business-standard.com/article/companies/securitisation-volume-growth-slows-to-8-in-december-quarter-report-122011701164_1.html The cumulative value of deals executed in the first nine months of this fiscal stood at approximately Rs 80,000 crore Securitisation volume growth slowed
Count the money: Why digital will dominate – The Financial Express
Clipped from: https://www.financialexpress.com/money/count-the-money-why-digital-will-dominate/2406935/ Super-apps, such as those being developed by Tata and Reliance, could be a major disruptor in digital payments Ankur Saxena Portrait By Ankur
PMC Bank merger with Unity Small Finance Bank awaits govt approval | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/pmc-bank-merger-with-unity-small-finance-bank-awaits-govt-approval-122011600558_1.html The proposed merger of debt-ridden Punjab and Maharashtra Cooperative Bank with Unity Small Finance Bank is being examined and the process of amalgamation
The fiscal-monetary tango | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-fiscal-monetary-tango-122011601027_1.html The pandemic years called for policy reinforcement; the post-pandemic aftermath will call for policy prioritisation The past two years have seen the largest
Non-cooperation movement of Indian borrowers | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/non-cooperation-movement-of-indian-borrowers-122011601034_1.html Borrowers who stop cooperating hardly bother since there is no real threat and immediate penalty, and some banks are happy to give loans
SBI hikes short-term FD interest rate: Check details here – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/sbi-hikes-short-term-fd-interest-rate-check-details-here/articleshow/88913619.cmsSynopsis In December 2021, SBI increased its base rate by 0.10 percent or 10 bps, according to its website. The new rate, that is,
Lending platform mPokket to hire over 1500 employees in 2022 – BusinessToday
Clipped from: https://www.businesstoday.in/jobs/story/lending-platform-mpokket-to-hire-over-1500-employees-in-2022-316598-2021-12-23 The Kolkata-based company will onboard over 1,500 employees in 2022, across its various verticals, it said in a statement on Thursday. Between April
Reasons why business loans are financially beneficial – BusinessToday
Clipped from: https://www.businesstoday.in/impact-feature/story/reasons-why-business-loans-are-financially-beneficial-318675-2022-01-11 Whether we wish to expand to a new location, purchase more technologically enhanced machinery for higher production, or hire more manpower to start
Lenders look to sell Future Retail’s small stores to recover over Rs 3k-crore dues – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/lenders-look-to-sell-future-retails-small-stores-to-recover-over-rs-3k-crore-dues/articleshow/88908351.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Banks led by the State Bank of India may soon invite expressions of interest for the small format chains – Easyday in Northern
NBFCs: Impact of 3rd wave low on NBFCs as bad loans fall, collections rise – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/impact-of-3rd-wave-low-on-nbfcs-as-bad-loans-fall-collections-rise/articleshow/88908862.cmsSynopsis The third Covid wave hasn’t significantly hurt collection efficiency and raised delinquency levels of non-bank financing companies, rating agency India Ratings said in
Credit growth up 9.2% in Dec 2021 on strong growth in last fortnight of qtr | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/credit-growth-up-9-2-in-dec-2021-on-strong-growth-in-last-fortnight-of-qtr-122011401312_1.html Banks lent Rs 3.7 trillion in 15 days to December 31, 2021 and outstanding commercial bank credit stood at Rs 116.83 trillion, RBI
Dec WPI eases slightly but remains in double digits as food prices soar | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/dec-wpi-eases-slightly-but-remains-in-double-digits-as-food-prices-soar-122011401114_1.html Bucks a 4-month rising trend in December 2021 and comes in at 13.56%, even as food prices harden Wholesale Price Index-based Inflation (WPI)
Banks park Rs 4.3 trn in Rs 5-trn variable rate reverse repo auction | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-park-rs-4-3-trn-in-rs-5-trn-variable-rate-reverse-repo-auction-122011500012_1.html From this year, the central bank has moved to variable rate reverse repo auctions, instead of fixed rate auctions Illustration: Ajay Mohanty Banks on
Boom time for companies: What record profits may mean for govt’s revenue | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/boom-time-for-companies-what-record-profits-may-mean-for-govt-s-revenue-122011401094_1.html If much higher profits this year do not propel corporation tax revenue to a level higher than the FY19 peak, something must be
RBI proposes adding corporate bonds in banks’ HTM category | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-proposes-adding-corporate-bonds-in-banks-htm-category-122011500007_1.html An investment in the HTM category doesn’t require to be valued at the current market price The Reserve Bank of India (RBI) on Friday proposed
India Inc’s FY21 debt-equity ratio at 6-yr low on massive deleveraging move | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/india-inc-s-fy21-debt-equity-ratio-at-6-yr-low-on-massive-deleveraging-move-122011101027_1.html Analysts expect a further reduction in the current financial year, helping companies lower interest cost and thereby boosting profitability Illustration: Ajay Mohanty India
Banks must hit a ‘pause’ on retail loans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/banks-must-hit-a-pause-on-retail-loans/article38239064.ece?homepage=true Recent trends show that excessive reliance on personal loans as risk diversifier and income generator does not bode well Both the Report on Trend
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