Clipped from: https://www.business-standard.com/article/pf/make-judicious-investment-choices-when-entering-nps-and-stick-to-them-121123101013_1.html While PFRDA will now allow investors to alter their investment choices four times in a financial year, tinkering too frequently may not be
Category: RBI–Banks
NRIs, OCIs do not need RBI’s prior nod to buy immovable property in India except in select cases – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/invest/nris-ocis-do-not-need-its-prior-nod-to-buy-immovable-property-in-india-except-in-select-cases/articleshow/88570541.cmsSynopsis “It is hereby clarified that the concerned Supreme Court Judgment dated February 26, 2021 in Civil Appeal 9546 of 2010 was related to
RBL Bank attempts to boost depositors’ trust after CEO’s sudden exit | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbl-bank-attempts-to-boost-depositors-trust-after-ceo-s-sudden-exit-121123101340_1.html A large write-off in a loan account was believed to be the trigger for the regulator to step into the affairs of the
For banking stability, look beyond banks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/for-banking-stability-look-beyond-banks/articleshow/88622712.cmsSynopsis According to RBI’s stress test model, gross NPAs of scheduled banks may increase from 6.9% in March 2021 to 8.1% by March 2022
A shot for NBFC health: Given the public money at stake, revised PCA framework for NBFCs is welcome – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/a-shot-for-nbfc-health-given-the-public-money-at-stake-revised-pca-framework-for-nbfcs-is-welcome/2394444/ The revised prompt corrective action (PCA) framework for NBFCs is a welcome step given the public money that is at stake In October
Resilient show – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/resilient-show/article38072811.ece The RBI’s banking trends and progress report points to the urgent need to revive bank credit growth The Reserve Bank of India strikes
A perfect storm awaits the rupee in 2022 – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/columns/a-perfect-storm-awaits-the-rupee-in-2022/article38072857.ece The RBI will have to use the forex kitty it has built over the past year to maintain stability in the forex market
Merged public sector banks riskier than unmerged ones, says RBI Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/merged-public-sector-banks-more-riskier-than-unmerged-one-rbi-report/articleshow/88595226.cmsSynopsis Using stock market indicators to measure systemic risk in the banking sector, it is found that the systemic risk in the banking sector
With ATM withdrawals set to get costlier, reduce dependence on cash | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/with-atm-withdrawals-from-set-to-get-costlier-reduce-dependence-on-cash-121123000531_1.html Beware of keypad manipulation and heat mapping while using the ATM or PoS machine Monitor usage of the other debit cards, so that
RBI extends deadline for periodic KYC update to March 31, 2022 | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-extends-deadline-for-periodic-kyc-update-till-march-31-2022-121123000634_1.html The central bank had relaxed the rules first in May last year due to the pandemic Photo: Reuters The Reserve Bank of India
SBI Card, Paytm tie up for card tokenisation to protect cardholders’ data | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/sbi-card-paytm-tie-up-for-card-tokenisation-to-protect-cardholders-data-121123000998_1.html Tokenisation refers to masking the original card number by replacing it with a set of unique characters, termed as token, which secures the
RBL Bank raises Rs 2,600 crore via CDs to beef up liquidity – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/rbl-bank-raises-rs-2600-crore-via-certificate-of-deposits/articleshow/88603032.cmsSynopsis The move is also aimed at demonstrating investor confidence in the bank where a change of guard on Christmas Day was immediately preceded
Pvt cryptocurrencies pose immediate risks to customer protection: RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/pvt-cryptocurrencies-pose-immediate-risks-to-customer-protection-rbi-121122901533_1.html The aggregate market capitalisation of the top 100 cryptocurrencies has reached USD 2.8 trillion Photo: Reuters Private cryptocurrencies pose immediate risks to customer protection and
Retail-led credit growth faces headwinds: RBI’s financial stability report | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/retail-led-credit-growth-faces-headwinds-rbi-s-financial-stability-report-121123000068_1.html The first is an increase in delinquencies in the consumer finance portfolio. Lenders turned big time to the retail segment — individuals, households,
Private banks seeing jump in number of online frauds: RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/private-banks-seeing-jump-in-number-of-online-frauds-rbi-report-121123000047_1.html Commercial banks reported Rs 1.38 trillion of frauds in 2020-21, as compared to Rs 1.85 trillion in the previous year. Illustration: Ajay Mohanty
Limits of progress | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/limits-of-progress-121122901497_1.html Covid-19 still poses risks for the banking system The banking sector was expected to suffer significantly because of the pandemic-related economic disruption. India opted for
Success rate for discounting MSME receivables on TReDS improved in FY21: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/success-rate-for-discounting-msme-receivables-on-treds-improved-in-fy21-rbi/article38061450.ece TReDS is an electronic platform for facilitating the financing/discounting of trade receivables of MSMEs through banks and non-banking finance companies The success rate
Auto-debit bounces above 30% in November – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/auto-debit-bounces-above-30-in-november/2393457/ In terms of value, the bounce rate on auto-debit requests stood at 25.16%, slightly worse than 24.83% in October. EMI payments to smaller
Sarfaesi outperforms IBC in FY21 loan recovery: RBI data – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/sarfaesi-outperforms-ibc-in-fy21-loan-recovery-rbi-data/2393187/ While fresh referrals under the insolvency law were suspended for a year up to March 2021, that had no bearing on these figures
Banking trends: Appearances deceive – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/banking-trends-appearances-deceive/articleshow/88575018.cmsSynopsis Increased profitability stems not from a thriving loan business but from depressing the rates on deposits, bond trading and write-back of provisioning on
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