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
Category: RBI–Banks
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
4,071 banking fraud cases reported during H1 FY2022: RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/4-071-banking-fraud-cases-reported-during-h1-fy2022-rbi-report-121122801123_1.html In terms of deposits, the number of reported cases of frauds stood at 208 of an amount involving Rs 362 crore, the report
Banks’ asset quality ‘may get dented’ as special schemes end: RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-asset-quality-may-get-dented-as-special-schemes-end-rbi-report-121122801157_1.html Credit growth muted as pandemic risk to economy remains, says central bank in annual analysis. Photo: Shutterstock The Indian financial system’s asset quality
Bank NPAs ease to nearly six-year low: RBI Trends & Progress report | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/bank-npas-ease-to-nearly-six-year-low-rbi-trends-progress-report-121122900021_1.html Credit growth showing signs of recovery, says RBI report Illustration: Binay Sinha Proving sceptics wrong, 2020-21 turned out to be the best in
Recast scheme to stay afloat, says RBI Trend & Progress report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/recast-scheme-to-stay-afloat-says-rbi-trend-progress-report-121122900048_1.html The restructured plan included additional time for repayments, more funding support, and conversion of part of working capital into term credit. Representative image
Amount recovered through various channels dropped in 2020-21: RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/amount-recovered-through-various-channels-dropped-in-2020-21-rbi-report-121122900043_1.html The IBC route yielded more than Rs 27,000 crore, while around Rs 27,700 crore was recovered through the SARFAESI Act Representative image In
Asset quality of NBFCs worsens in H1 amid Covid-19 pandemic: RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/asset-quality-of-nbfcs-worsens-in-h1-amid-covid-19-pandemic-rbi-report-121122900039_1.html The pandemic posed significant challenges to NBFCs during the first wave (2020) also Representative image The asset quality of non-banking financial companies (NBFCs)
NPS subscribers can soon switch asset allocation 4 times in a year – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/nps-subscribers-can-soon-switch-asset-allocation-4-times-in-a-year/article38057615.ece Flexibility on frequency of switches to help subscribers ride market trends: PFRDA You as an NPS subscriber may soon be allowed to switch
Unbankable proposition – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/unbankable-proposition/article38057539.ece TN’s proposal on payments bank needs more clarity While presenting the revised Budget for 2021-22, Tamil Nadu Finance Minister Palanivel Thiaga Rajan indicated
Number of cases of Bank frauds declined in FY21: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/number-of-cases-of-bank-frauds-declined-in-fy21-rbi/article38058179.ece The amount involved in frauds in various banking operations based on the date of occurrence declined to ₹1,38,422 crore in FY21 against ₹1,85,468
₹1.16-lakh crore MSME advances restructured since 2019 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/116-lakh-crore-msme-advances-restructured-since-2019/article38058087.ece Scheduled Commercial Banks (SCBs) have restructured micro, small and medium enterprise (MSME) advances aggregating to ₹1,16,332 crore since January 1, 2019. The total
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