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
Category: RBI–Banks
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.
Banking frauds may surge in next two years: Deloitte survey | Deccan Herald
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
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
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