Clipped from: https://www.business-standard.com/article/finance/micro-lenders-seek-extension-of-credit-guarantee-scheme-in-union-budget-122010500794_1.html Seek allocation of Rs 15,000 cr for FY23, of which at least 75% should be earmarked for small and mid-size MFIs Sa-Dhan, the
Category: RBI–Banks
More entities can tap into info with Credit Information Companies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/more-entities-can-tap-into-info-with-credit-information-companies/article38133288.ece RBI spells out eligibility criteria More entities will become eligible to tap into information with Credit Information Companies (CICs), going by the eligibility
Digital loan sharks face crackdown as complaints mount – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/digital-loan-sharks-face-crackdown-as-complaints-mount/article38104973.ece The RBI has received complaints against 1,509 digital lending applications courtneyk The RBI has received complaints against 1,509 digital lending applications courtneyk× RBI
How l’affaire RBL Bank may impact RBI’s equation with entities it regulates | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/how-l-affaire-rbl-bank-may-impact-rbi-s-equation-with-entities-it-regulates-122010200992_1.html Private banks’ CEO tenures have been in the spotlight since the RBI released its discussion paper on governance in commercial banks in 2020
RBI unveils framework to enable small value digital payments in offline mode – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-unveils-framework-to-enable-small-value-digital-payments-in-offline-mode/article38101776.ece?homepage=true Under this new framework offline payments can be made in face-to-face (proximity) mode only The Reserve Bank of India (RBI) on Monday issued
Going retail – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbis-fsr-suggests-that-banks-have-pivoted-from-industrial-to-retail-lending-this-brings-its-own-risks/article38101716.ece?homepage=true The RBI’s Financial Stability Report has some good news about the banking sector, but there are pain points too – REUTERS The RBI’s
Will 2022 see a painful end to the bonhomie between the Centre and RBI? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/will-2022-see-a-painful-end-to-the-bonhomie-between-the-centre-and-rbi/articleshow/88673502.cmsSynopsis The jugalbandi between RBI and GoI went well beyond the blurring of traditional boundaries that we saw elsewhere in the world, to something
New bank locker rules effective from January 1: How locker customers will be impacted – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/save/new-bank-locker-rules-effective-from-january-1-how-locker-customers-will-be-impacted/articleshow/88661956.cmsSynopsis Here is a look at the revised guidelines for bank lockers and its impact on locker users, as per the RBI notification. If
How l’affaire RBL Bank may impact RBI’s equation with entities it regulates | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/how-l-affaire-rbl-bank-may-impact-rbi-s-equation-with-entities-it-regulates-122010200992_1.html Private banks’ CEO tenures have been in the spotlight since the RBI released its discussion paper on governance in commercial banks in 2020
A year of caution | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/a-year-of-caution-122010200908_1.html Liquidity tightening will affect financial assets The investment outlook for 2022 is mixed. Global growth could plateau as base effects from the recessionary 2020 wear
RBI’s rejection of bids at G-Sec auction saves banks from more MTM losses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbis-rejection-of-bids-at-g-sec-auction-saves-banks-from-more-mtm-losses/article38093434.ece Last traded yield of 10-year G-Sec was 6.45 per cent as on December-end 2021 The Reserve Bank of India (RBI) seems to have
The time to privatise PSU banks is now – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-time-to-privatise-psu-banks-is-now/article38093641.ece PSU banks lag behind their private sector counterparts in most metrics. But the political will to privatise them is absent The RBI’s recently
https://www.icicidirect.com/research/equity/one-minutes-read/card-on-file-tokenisation-halt-to-online-fraud-
Clipped from: https://www.icicidirect.com/research/equity/one-minutes-read/card-on-file-tokenisation-halt-to-online-fraud- What’s Buzzing: The Reserve Bank of India (RBI) had issued a circular (dated September 7, 2021) that said that with effect from January
Things to watch out for in 2022 | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/things-to-watch-out-for-in-2022-122010200876_1.html Cystal ball gazing for the trends and challenges for the banking sector in the New Year Yet another year, marked by the Covid-19
Tokenisation, an OTT Action – The Economic Times
lipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-tokenisation-an-ott-action/articleshow/88653068.cmsSynopsis One can’t help but feel a bit of sympathy for these companies. They were on the forefront of the first digital banking wave
Ujjivan Small Finance Bank raises interest rates on FDs of up to Rs 2 cr | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ujjivan-small-finance-bank-raises-interest-rates-on-fds-of-up-to-rs-2-cr-121123101010_1.html Customers of Ujjivan Small Finance Bank (SFB) can now earn as much as 6.75-7.50 per cent interest on their fixed deposits of up to Rs
Interest rates on small savings schemes unchanged for Q4FY22 | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/interest-rates-on-small-savings-schemes-unchanged-for-q4fy22-121123101079_1.html Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8
Bank not a trustee of money deposited by Customers- Customer & Bank are creditor/Debtor: SC–TAXGURU.IN
Clipped from: https://taxguru.in/income-tax/bank-trustee-money-deposited-customers-customer-bank-creditor-debtor-sc.html?utm_source=feedburner&utm_medium=email N. Raghavender Vs State of Andhra Pradesh (Supreme Court) Section 409 IPC pertains to criminal breach of trust by a public servant or
ICRA places RBL Bank ratings under watch with developing implications | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/icra-places-rbl-bank-ratings-under-watch-with-developing-implications-122010100315_1.html ICRA will continue to monitor the developments related to the deposit levels as this could have a material impact on the liquidity position
A truckload of woes: as ownership patterns change, it may be end of road for small fleet owners – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/economy-and-policy/a-truckload-of-woes-as-ownership-patterns-change-it-may-be-end-of-road-for-small-fleet-owners/primearticleshow/88193922.cms SynopsisSince the beginning of the lockdown last year, small fleet owners had been facing utilisation issues due to low demand and unavailability of
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