lipped from: https://www.financialexpress.com/industry/banking-finance/how-financial-inclusion-is-playing-a-vital-role-in-the-banking-sector/2381964/ Financial inclusion is about delivering banking services to all sections of society. Primarily, it’s enabling to reduce the economic gap between the rich
Category: RBI–Banks
Cash is dying, but we aren’t ready to bury it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-cash-is-dying-but-we-arent-ready-to-bury-it/articleshow/88157151.cmsSynopsis If all the money in circulation is private, controlled by e-commerce and social media platforms, authorities won’t be able to protect consumers from
Depositors bailed-in – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/depositors-bailed-in/article37885736.ece RBI’s draft resolution plan for PMC Bank is transparent but unfair on retail depositors The Reserve Bank of India’s attempt to cobble together
A new approach to identify bad loans is needed: Credgenics co-founder | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/a-new-approach-to-identify-bad-loans-is-needed-credgenics-co-founder-121120500875_1.html The pile-up of bad loans is a pain point and the pressure is mounting, said Rishabh Goel Rishabh Goel, Co-founder, Credgenics Credgenics answers
MSME loans: Restructured accounts by PSBs jump 58% in nearly two years of Covid – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/msme-fin-msme-loans-restructured-accounts-by-psbs-jump-58-in-nearly-two-years-of-covid/2383925/ Credit and Finance for MSMEs: The RBI in June this year had doubled the loan restructuring limit for MSMEs, others from Rs 25 crore
Government to sell confiscated gold only to RBI hereafter – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/government-to-sell-confiscated-gold-only-to-rbi-hereafter/article37861840.ece Under the new guidelines, SPMCIL has been engaged for collection, transportation and conversion into standard gold bars and delivery to RBI Finance Ministry
crypto exchanges: Crypto bill to give power to Sebi, RBI, taxman to scrutinise KYC data of exchanges – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/crypto-bill-to-give-power-to-sebi-rbi-taxman-to-scrutinise-kyc-data-of-exchanges/articleshow/88130343.cmsSynopsis Government could also put in place a uniform KYC process for exchanges The new Cryptocurrency bill is set to empower regulators and government
Kotak breaks crypto ice with account for WazirX – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/kotak-breaks-crypto-ice-with-account-for-wazirx/articleshow/88112772.cmsSynopsis After almost eight months of payment freeze by most high-street banks that continue to shun crypto investors and bourses, Kotak Bank will do
Digital lending is all set to get a boost – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/digital-lending-is-all-set-to-get-a-boost/article37871953.ece A recent RBI report has made a host of valuable suggestions to streamline this fledging sector while protecting borrowers Last year around this
Proposal to create bad bank for farm loans raises several issues that need careful deliberation
Clipped from: https://indianexpress.com/article/opinion/editorials/indian-banks-association-bad-loans-agricultural-sector-7659784/ 🔴 There are better ways to help farmers. Ensuring timely access to credit on more favourable terms for one. But the broader policy
‘The Account Aggregator framework is a game-changer’ | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-account-aggregator-framework-is-a-game-changer-121120500906_1.html By sharing information digitally and securely through the AA framework, lenders get a host of data points like bill payments and investments to
Stay the course | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/stay-the-course-121120500977_1.html RBI should not stop the normalisation process The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is expected to keep the policy
RBI likely to hike reverse repo by 20 bps despite uncertainty on Omicron | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-likely-to-hike-reverse-repo-by-20-bps-despite-uncertainty-on-omicron-121120500949_1.html If Omicron becomes a major issue, risks to India’s inflation will likely rise further Reserve Bank of India Despite uncertainty related to the
Extensions in finance: Can the regulator regulate? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/cryptocurrency/extensions-in-finance-can-the-regulator-regulate/article37857238.ece?homepage=true Fintech platforms are the latest entrants to the over-extended financial system Union Bank of India has advertised for home loans at 6.40 per
New learnings – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbis-state-finances-report-rightly-focuses-on-municipal-bodies-and-quality-spending/article37855417.ece The RBI report rightly urges “greater fiscal transparency, revitalising the municipal bond market and boosting infrastructure finance and green finance” – REUTERS The
‘We have ensured that our underwriting standards are robust’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/we-have-ensured-that-our-underwriting-standards-are-robust/article37857215.ece **EDS: FILE** New Delhi: In this file photo, dated Sept 28, 2018, is seen State Bank of India MD Dinesh Kumar Khara during
Monetary policy: Status quo on rates and stance likely | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/monetary-policy-status-quo-on-rates-and-stance-likely-121120500870_1.html The economy is recovering fast but nobody knows yet how serious the Omicron threat is. The RBI can afford to err on the
IT min asks bankers to create robust platform for easy credit availability | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/it-min-asks-bankers-to-create-robust-platform-for-easy-credit-availability-121120500465_1.html IT Minister Ashwini Vaishnaw exhorted the banking industry to create an innovative digital platform for providing quick and easy credit to MSMEs, small
The wrong regulator for fintech | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-wrong-regulator-for-fintech-121120301623_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Newsletter_11072018 There has to be accountability for the central bank’s errors in the past The Reserve Bank of India (RBI) is determined to maintain
Reverse repo status quo needed to give more time for economic recovery to strengthen: Report – The Financial Express
Clipped from: https://www.financialexpress.com/economy/reverse-repo-status-quo-needed-to-give-more-time-for-economic-recovery-to-strengthen-report/2382357/ The Reserve Bank of India (RBI) has been sucking out excess liquidity through other measures so far, which has resulted in liquidity surplus
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