Clipped from: https://www.financialexpress.com/economy/rbi-likely-to-keep-key-policy-rate-unchanged-say-experts/2382352/ The Reserve Bank Governor-headed Monetary Policy Committee (MPC) is scheduled to meet during December 6-8, 2021. The central bank had kept the benchmark
Category: RBI–Banks
RBI may deflate hype around reverse repo rate hike: SBI report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-may-deflate-hype-around-reverse-repo-rate-hike-sbi-report/article37835657.ece The Ecowrap emphasised delaying normalisation measures is prudent in current situation which would give time for economic recovery The Reserve Bank of India
Addressing the need-gaps: How India’s fintechs can make deeper inroads in rural India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/addressing-the-need-gaps-how-indias-fintechs-can-make-deeper-inroads-in-rural-india/articleshow/88084255.cmsSynopsis With only 28% of rural India boasting access to internet-enabled smartphones and a low level of digital literacy among rural residents, India’s rural
HDFC Bank vs ICICI Bank vs SBI FD rates: Check who is offering highest interest rate – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/hdfc-bank-vs-icici-bank-vs-sbi-fd-rates-check-who-is-offering-highest-interest-rate/articleshow/88069229.cmsSynopsis Who among these three leading banks are offering the highest rates for FD with amounts below Rs 2 crore? Read on to find
Banks, companies rush to bond market to lock lower rates – The Financial Express
Clipped from: https://www.financialexpress.com/market/banks-companies-rush-to-bond-market-to-lock-lower-rates/2381463/ Usually, most issuers remain on the sidelines and wait for the policy decision, but this time the trend seems to be reversing. However,
Indian banks behind the curve in tapping payments tech: Uday Kotak – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/indian-banks-behind-the-curve-in-tapping-payments-tech-uday-kotak/articleshow/88078147.cmsSynopsis On the homegrown payments ecosystem, Kotak said UPI payments as well as Aadhaar unique identity basis for transactions are remarkable innovations and they
Omicron scare may delay RBI plan to normalise accommodative monetary stance | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/omicron-scare-may-delay-rbi-plan-to-normalise-accommodative-monetary-stance-121120300551_1.html The six-member monetary policy committee of the RBI will meet from December 6-8 to review the policy Photo: Bloomberg The concern over the
Fintech risk landscape – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fintech-risk-landscape/article37810464.ece How to thrive in a regulated environment With over 1,500 start-ups dotting the fintech landscape, India’s financial and banking sector has witnessed an
PMC Bank depositors to weigh legal options if scheme of amalgamation not modified – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/pmc-bank-depositors-to-weigh-legal-options-if-scheme-of-amalgamation-not-modified/article37802334.ece?homepage=true Chander Purswani, President, PMC Depositors Forum opined that RBI should allow individual depositors to withdraw 20-25 per cent of the balance in their
Fed chief’s comment on rate hike set to ruin Dalal Street’s Christmas party – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/fed-chiefs-comment-on-rate-hike-set-to-ruin-dalal-streets-christmas-party/articleshow/88022829.cmsSynopsis While the benchmark Nifty50 has not yet technically entered a correction zone of 10 per cent from its record high, a large swathe
RBI: Licensing rules buttress RBI’s credentials as a prudential referee – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/licensing-rules-buttress-rbis-credentials-as-a-prudential-referee/articleshow/88029479.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Ashok BhattacharjeeEditor, The Economic TimesSynopsis Entry of Indian industrial houses into banking could boost privatization proceeds, but Mint Road seems to have been
RBI report on digital lending: The path ahead for digital lending – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rbi-report-on-digital-lending-the-path-ahead-for-digital-lending/2380232/ RBI working group report takes a balanced view, calling for specific regulatory interventions to reduce concentration risk and eliminate regulatory arbitrage; the report
The Account Aggregator framework can be SME’s UPI. Or is it too early to give credit? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/the-account-aggregator-framework-can-be-smes-upi-or-is-it-too-early-to-give-credit/articleshow/87994782.cms SynopsisThe RBI’s decision to have an Account Aggregator framework to narrow the credit gap in the MSME sector is praiseworthy. But banks have
Should you invest in government bonds via RBI Retail Direct Gilt scheme? Here are the pros and cons – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/should-you-invest-in-government-bonds-via-rbi-retail-direct-gilt-scheme-here-are-the-pros-and-cons/articleshow/87947022.cmsSynopsis Until now, retail investors took comfort in G-secs indirectly via traditional insurance plans or gilt mutual funds. The RBI Retail Direct platform offers
cgcl: CGCL partners with State Bank of India for co-lending to MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/cgcl-partners-with-state-bank-of-india-for-co-lending-to-msmes/articleshow/87977648.cmsSynopsis The agreement aims to enhance last-mile finance and drive financial inclusion to MSMEs by offering secured loans between Rs 10 lakh to Rs
IndusInd Bank’s subsidiary defers review of decision to relieve top 2 execs | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/indusind-bank-s-subsidiary-defers-review-of-decision-to-relieve-top-2-execs-121112900379_1.html Last week, the bank had said that the two top executives of BFIL cannot be relieved from their positions until the review of
Don’t saddle banks with start-up finance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/dont-saddle-banks-with-start-up-finance/article37757637.ece?homepage=true As start-ups fall under ‘high risk, high return’ category, banks cannot risk parking depositors’ money in them It is reported that Prime Minister
Visa complains to US govt about India backing for local rival RuPay | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/visa-complains-to-us-govt-about-india-backing-for-local-rival-rupay-121112800227_1.html Mastercard Inc has raised similar concerns privately with the USTR Modi has promoted homegrown RuPay for years, posing a challenge to Visa and
Right call, RBI: Corporate ownership of banks carries too many risks and central bank did well to avoid it
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/right-call-rbi-corporate-ownership-of-banks-carries-too-many-risks-and-central-bank-did-well-to-avoid-it/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Stable banking | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/stable-banking-121112900014_1.html Mixing financial and industrial power should be avoided The Reserve Bank of India (RBI) has done well not to open up the banking sector for