Category: RBI–Banks

Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/protect-bankers-from-arbitrary-witch-hunt/articleshow/88818259.cmsSynopsis A change in the banks’ holding structure giving them functional autonomy, accompanied by accountability, is a reform overdue. The Central Vigilance Commission‘s (CVC) reported

lipped from: https://www.business-standard.com/article/opinion/the-inside-story-of-rbl-bank-122010900893_1.html This is no Yes Bank. It’s not fraught with fraud. It’s a story of limitless ambition and greed for growth. The leader had

Clipped from: https://economictimes.indiatimes.com/wealth/save/hdfc-bank-revises-fee-on-one-of-its-most-used-service-with-effect-from-jan-1/articleshow/88752331.cmsSynopsis HDFC Bank customers can use the bank’s InstaAlerts service to keep track of all their financial and non-financial transactions that are sent to

Clipped from: https://www.scconline.com/blog/post/2021/12/22/bank-not-a-trustee-of-money-deposited-by-customers-supreme-court-holds-the-relationship-between-customer-and-bank-is-one-of-a-creditor-and-a-debtor-and-not-of-a-trustee/ Supreme Court: The 3-Judge Bench of N.V. Ramana, CJ., Surya Kant* and Hima Kohli, JJ., held that the Bank is not the trustee of the money

Clipped from: https://www.thehindubusinessline.com/money-and-banking/npci-sets-standardised-limits-for-cash-withdrawals-and-mini-statements-on-aeps-transactions/article38171289.ece Customer friendly move, say players In what could make transactions through Aadhaar enabled Payments Systems more standardised and help customers, the National Payments

Clipped from: https://www.business-standard.com/article/international/fed-s-faster-than-expected-rate-hike-signal-triggers-world-stock-sell-off-122010700065_1.html Ten-year treasury yield crosses 1.75%, on track for its biggest weekly rise since 2020 Photo: Bloomberg Stock markets were deep in the red

Clipped from: https://www.business-standard.com/article/economy-policy/eclgs-stopped-14-of-loans-from-slipping-into-npa-says-sbi-report-122010700050_1.html The scheme has saved around 15 million jobs and stopped 14 per cent of outstanding MSME loans from turning into non-performing assets (NPAs)

lipped from: https://www.thehindubusinessline.com/money-and-banking/third-wave-could-revive-the-demand-for-restructuring-of-loans-icra/article38146629.ece Risk to banks’ asset quality The threat of the third wave of Covid-19 risks banks’ asset quality, especially the restructured loan book, cautioned

Clipped from: https://www.thehindubusinessline.com/money-and-banking/pci-welcomes-rbi-move-allowing-digital-payments-in-offline-mode/article38151420.ece This is done to enable adoption of digital transactions in rural areas Mumbai, January 6The Payments Council of India has welcomed the move

Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-lays-down-eligibility-norms-for-entities-tapping-credit-bureau-data/2399492/ The rules say a company must be owned and controlled by resident Indian citizens to become a specified user with a credit bureau,

Clipped from: https://www.financialexpress.com/industry/banking-finance/cvc-expands-ambit-of-advisory-board-on-large-scale-bank-frauds/2400364/ Officials of the level of general managers and above, whole-time directors, including former officials or former whole-time directors are under the ambit of

lipped from: https://www.financialexpress.com/industry/banking-finance/rbi-releases-eligibility-criteria-for-specified-users-of-cics/2399394/ As per the requirements, a ‘specified user’ should be a company incorporated in India or a statutory corporation established in the country. The

Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-nbfcs-seek-flexibility-in-msme-loans-refinancing-facility-for-onward-lending-to-small-businesses/2399612/ Credit and Finance for MSMEs: The RBI in November 2021 had asked lenders to classify borrower accounts as overdue as part of their