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
Category: RBI–Banks
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
Case for extension – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/case-for-extension/article38238845.ece?homepage=true ECLGS has kept small firms going amidst Covid. Its role should be expanded Preliminary studies suggest that the Emergency Credit Line Guarantee Scheme
Monetary Policy: Just flawed logic or toeing FM’s line? | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/in-perspective/monetary-policy-just-flawed-logic-or-toeing-fm-s-line-1068041.html The question is: Has the monetary policy achieved the desired short-term goal? Reserve Bank of India. Credit: Reuters File Photo The December bi-monthly
Cooperative forum set up by RBI board member weighs in for PMC depositors | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/sahakar-bharati-steps-in-to-offer-better-deal-to-depositors-of-pmc-bank-122011300317_1.html Sahar Bharati requests finance minister’s intervention for a better deal Sahakar Bharati – a forum of cooperative societies founded by Reserve Bank of India (RBI)
NBFCs must manage operational risks – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/management-of-operational-risks-by-nbfcs/article64822290.ece They gradually erode the efficiency of the organisation drawing attention of stakeholders only after substantial damage is done K. Srinivasa Rao The gradual
At ₹6.7 lakh crore, MFs absolute assets hit record high – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/mfs-absolute-return-hits-record-high/article64822712.ece Inflows, new fund offers shore up asset base The overall assets under management of the industry also surged to a new high of
9 NBFCs surrender Certificate of Registration to RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/9-nbfcs-surrender-certificate-of-registration-to-rbi/article64823018.ece The list includes Morgan Stanley India Securities, West Bengal Industrial Development Corporation, among others who have surrendered their registration. Nine Non-Banking Financial Companies
RBI shouldn’t fall behind the curve – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/rbi-shouldnt-fall-behind-the-curve/articleshow/88884395.cmsSynopsis Against the backdrop of higher inflation, rising yields and an erosion in savings amid negative real rates for over two years – the
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