Clipped from: https://economictimes.indiatimes.com/news/economy/policy/india-is-mulling-changes-in-law-to-cut-governments-stake-in-banks/articleshow/88336473.cmsSynopsis The proposals — if approved — would allow the government to gradually lower its holding in state-run lenders to 26% from 51% without
Category: RBI–Banks
RBI refuses to relax asset classification, provisioning norms for NBFCs | Business Standard News
lipped from: https://www.business-standard.com/article/finance/rbi-refuses-to-relax-asset-classification-provisioning-norms-for-nbfcs-121121700342_1.html This will give rise to bad debt numbers of such para banks on technical grounds while making asset quality norms standardised across banks
NaBFID to start lending operations in Q1FY23, says Chairman K V Kamath | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/nabfid-to-start-lending-operations-in-q1fy23-says-chairman-k-v-kamath-121121700666_1.html The DFI would have a chairman, two government nominees, and four whole-time directors, says Kamath Kamath The National Bank for Financing Infrastructure and
RBI’s push towards card security likely to hit merchants, lenders: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-s-push-towards-card-security-likely-to-hit-merchants-lenders-report-121121700676_1.html Merchants and bankers argue they have not been given enough time to comply with the changes that RBI wants to make effective Jan
India’s banking revolution has started without the banks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-indias-banking-revolution-has-started-without-the-banks/articleshow/88248907.cmsSynopsis As Uday Kotak, chairman of Kotak Mahindra Bank, said recently in a speech, “Bankers were short-sighted. Their standard response was, ‘Oh, there’s no
Banks lost Rs 2.85 lakh cr due to loan default of 13 firms; UFBU calls for bank strike on December 16, 17 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-lost-rs-2-85-lakh-cr-due-to-loan-default-of-13-firms-ufbu-calls-for-bank-strike-on-december-16-17/articleshow/88253340.cmsSynopsis According to the statistics given by the UFBU, the 13 corporates’ outstanding dues were at Rs 4,86,800 crore and it was resolved at
Banks lost Rs 2.85 lakh cr due to loan default of 13 firms; UFBU calls for bank strike on December 16, 17 – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-lost-rs-2-85-lakh-cr-due-to-loan-default-of-13-firms-ufbu-calls-for-bank-strike-on-december-16-17/articleshow/88253340.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis According to the statistics given by the UFBU, the 13 corporates’ outstanding dues were at Rs 4,86,800 crore and it was resolved at
India’s banking revolution has started without the banks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-indias-banking-revolution-has-started-without-the-banks/articleshow/88248907.cmsSynopsis As Uday Kotak, chairman of Kotak Mahindra Bank, said recently in a speech, “Bankers were short-sighted. Their standard response was, ‘Oh, there’s no
Card tokenisation unlikely to take off by RBI’s deadline of January 1 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/card-tokenisation-unlikely-to-take-off-by-rbis-deadline-of-january-1/article37946959.ece Payment players, merchants seek further extension as they are not ready yet Even as banks, payment companies and merchants are working on implementing
Cryptos lack basic features of a currency – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/cryptos-lack-basic-features-of-a-currency/article37946711.ece They have no underlying basis, and are too volatile to be a store of value. Can they truly take the place of cash?
Even before the e-rupee is launched, the digital payments revolution shows mass behavioural change – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-even-before-the-e-rupee-is-launched-the-digital-payments-revolution-shows-mass-behavioural-change/articleshow/88243597.cmsSynopsis The big question then is whether this is the beginning of the end of the era of cash as the dominant means of
Growth-inflation balance, Shaktikanta Das has his task cut in 2nd term as RBI Governor – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/growth-inflation-balance-shaktikanta-das-has-his-task-cut-in-2nd-term-as-rbi-gov/articleshow/88226632.cmsSynopsis Shaktikanta Das would be required to adopt a calibrated liquidity management approach and boost credit growth. Shaktikanta Das has become the first Reserve Bank of
Centre was sensitive to fiscal deficit: Garg on CAG’s bank recap concerns | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-was-sensitive-to-fiscal-deficit-garg-on-cag-s-bank-recap-concerns-121121200645_1.html Funds for these investments were raised by the government through the issue of non-transferable special securities to the same PSBs. Subhash Chandra Garg
The good and not so good of new bank ownership norms | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/the-good-and-not-so-good-of-new-bank-ownership-norms-121121200907_1.html Isn’t it time to review the ‘fit and proper’ criteria for banking licence, particularly with reference to individuals applying for it? On a
No runaway decline in rupee’s value, may recover by March: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/no-runaway-decline-in-rupee-s-value-may-recover-by-march-experts-121121300051_1.html The rupee closed at 75.78 to a dollar on Friday, an 18-month low The rupee has recently come under pressure for several reasons
UPI booster – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/upi-booster/article37939817.ece RBI’s plan to initiate UPI on feature phones to wean retail payments away from cash is good Unified Payments Interface (UPI) has been
RBI Inflation: RBI may have underplayed inflation, but its reasons look compelling – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/rbi-may-have-underplayed-inflation-but-its-reasons-look-compelling/articleshow/88221196.cmsSynopsis While the GDP numbers do seem encouraging, private consumption accounting for over 60% of our GDP, remains 3% below the pre-pandemic levels. Further,
‘Credit markets, sectors hit by the pandemic may exert pressure on solvency of lenders’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/credit-markets-sectors-hit-by-the-pandemic-may-exert-pressure-on-solvency-of-lenders/article37927239.ece Banks’ willingness to lend may be affected due to their modest profits: BRICS bulletin While accommodative policies have helped in easing liquidity strains
Regulation of digital lending to help space grow, protect consumer interest – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/lending-a-new-balance-to-digital/2385660/ Development of certain baseline technology standards for offering digital lending solutions, along with requirement of all data to be stored in servers located
MPC’s Rates Decision: Status quo on rates no surprise – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/mpcs-rates-decision-status-quo-on-rates-no-surprise/2385573/ What did surprise, however, was the Monetary Policy Committee’s moderate inflation trajectory projection. The MPC’s average CPI inflation forecast for FY22 (ends March
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