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
Category: RBI–Banks
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
Make judicious investment choices when entering NPS and stick to them | Business Standard News
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
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
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