lipped from: https://www.business-standard.com/article/companies/payment-service-provider-payu-s-smb-vertical-sees-70-jump-in-revenues-122010800049_1.html In September last year, PayU agreed to acquire payments gateway BillDesk in an all-cash transaction of $4.7 billion Powered by over 500,000 small
Category: RBI–Banks
G-Sec yields harden as RBI partially devolves auction of a paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/g-sec-yields-harden-as-rbi-partially-devolves-auction-of-a-paper/article38177784.ece Yield of the 10-year benchmark G-Sec/GS maturing in 2031 rose about 2 basis points to close at 6.5423 per cent Government securitie (G-Sec)
NPCI sets standardised limits for cash withdrawals and mini statements on AePS transactions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/npci-sets-standardised-limits-for-cash-withdrawals-and-mini-statements-on-aeps-transactions/article38171289.ece Customer friendly move, say players In what could make transactions through Aadhaar enabled Payments Systems more standardised and help customers, the National Payments
Fed’s faster-than-expected rate hike signal triggers world stock sell-off | Business Standard News
Clipped from: https://www.business-standard.com/article/international/fed-s-faster-than-expected-rate-hike-signal-triggers-world-stock-sell-off-122010700065_1.html Ten-year treasury yield crosses 1.75%, on track for its biggest weekly rise since 2020 Photo: Bloomberg Stock markets were deep in the red
ECLGS stopped 14% of loans from slipping into NPA, says SBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/eclgs-stopped-14-of-loans-from-slipping-into-npa-says-sbi-report-122010700050_1.html The scheme has saved around 15 million jobs and stopped 14 per cent of outstanding MSME loans from turning into non-performing assets (NPAs)
RBI ups threshold for LCR maintenance by banks on funds received from non-financial small biz customers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-ups-threshold-for-lcr-maintenance-by-banks-on-funds-received-from-non-financial-small-biz-customers/article38151998.ece All commercial banks should maintain LCR if they receive deposits of ₹7.5 crore and above The Reserve Bank of India has upped the
Third wave could revive the demand for restructuring of loans: ICRA – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/third-wave-could-revive-the-demand-for-restructuring-of-loans-icra/article38146629.ece Risk to banks’ asset quality The threat of the third wave of Covid-19 risks banks’ asset quality, especially the restructured loan book, cautioned
PCI welcomes RBI move allowing digital payments in offline mode – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/pci-welcomes-rbi-move-allowing-digital-payments-in-offline-mode/article38151420.ece This is done to enable adoption of digital transactions in rural areas Mumbai, January 6The Payments Council of India has welcomed the move
RBI lays down eligibility norms for entities tapping credit bureau data – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-lays-down-eligibility-norms-for-entities-tapping-credit-bureau-data/2399492/ The rules say a company must be owned and controlled by resident Indian citizens to become a specified user with a credit bureau,
CVC expands ambit of advisory board on large scale bank frauds – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/cvc-expands-ambit-of-advisory-board-on-large-scale-bank-frauds/2400364/ Officials of the level of general managers and above, whole-time directors, including former officials or former whole-time directors are under the ambit of
RBI releases eligibility criteria for ‘specified users’ of CICs – The Financial Express
lipped from: https://www.financialexpress.com/industry/banking-finance/rbi-releases-eligibility-criteria-for-specified-users-of-cics/2399394/ As per the requirements, a ‘specified user’ should be a company incorporated in India or a statutory corporation established in the country. The
Third wave of COVID-19 to pose risk to asset quality of banks: ICRA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/third-wave-of-covid-19-to-pose-risk-to-asset-quality-of-banks-icra/articleshow/88732961.cmsSynopsis A third wave poses a high risk to the performance of the borrowers that were impacted by the previous waves and hence poses
NBFCs seek ‘flexibility’ in MSME loans, refinancing facility for onward lending to small businesses – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-nbfcs-seek-flexibility-in-msme-loans-refinancing-facility-for-onward-lending-to-small-businesses/2399612/ Credit and Finance for MSMEs: The RBI in November 2021 had asked lenders to classify borrower accounts as overdue as part of their
Micro lenders seek extension of credit guarantee scheme in Union Budget | Business Standard News
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
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
aniltikotekar4sme.com 