Clipped from: https://www.financialexpress.com/opinion/rate-action-the-fed-must-think-creatively-again/2376178/ By fixating on the risks of a Japanese-style deflation, the Fed all but ignored the possibility of a major upside inflation surprise The
Category: RBI–Banks
Kinara Capital launches mobile app for MSME collateral-free loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/kinara-capital-launches-mobile-app-for-msme-collateral-free-loans/articleshow/87912199.cmsSynopsis With this app, SMEs can choose to complete the process in their own time. They can contact Kinara’s customer call center directly or
instant loan: Urgent need of Funds? Here is how to obtain instant loan online – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/how-to/urgent-need-of-funds-here-is-how-to-obtain-instant-loan-online/articleshow/87923336.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Available for multiple purposes as per requirement, instant personal loans, no physical visit required at branch, it’s just a click away. When an
Timely move – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/robust-regulation-of-digital-lending-is-a-priority-as-it-will-prevent-a-host-of-illegal-activities-loan-service-providers/article37687957.ece Robust regulation of digital lending is a priority, as it will prevent a host of illegal activities The boost given by the Covid-19
RBI tweak will lead to more NPAs for non-banking lenders: ICRA – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-tweak-will-lead-to-more-npas-for-non-banking-lenders-icra/article37679093.ece Housing finance companies seen among those likely to be hit in the near term The Reserve Bank of India’s modified norms on non-performing
Kerala HC admits petition against Banking Regulation Act amendments – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/kerala-hc-admits-petition-against-banking-regulation-act-amendments/article37683680.ece?homepage=true The petitioners — Tiruvalla East Co-operative Bank and Guruvayur Cooperative Urban Bank — contend that the amendments transgress the provisions of the Kerala
Rate action: The Fed must think creatively again – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rate-action-the-fed-must-think-creatively-again/2376178/ By fixating on the risks of a Japanese-style deflation, the Fed all but ignored the possibility of a major upside inflation surprise The
Sahakar Bharati may seek tweaks in PMC Bank’s draft merger scheme | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/sahakar-bharati-may-seek-tweaks-in-pmc-bank-s-draft-merger-scheme-121112401279_1.html Five-year interest holiday and final settlement at end of 10 years unfair to depositors Sahakar Bharati may seek reworking of the draft scheme
Wilful defaults Rs 62,000 crore higher than before Covid pandemic | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/wilful-defaults-rs-62-000-crore-higher-than-before-covid-pandemic-121112500017_1.html Public sector banks accounted for 77.4 per cent of the total amount outstanding at Rs 5.3 trillion as of June Banks saw an
phygital: World of phygital banking will be way forward: Bankers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/world-of-phygital-banking-will-be-way-forward-bankers/articleshow/87887379.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis City Union Bank Managing Director and CEO N Kamakodi said that though the older generations are much comfortable with the manual banking channel,
Niti Aayog moots full-stack Digital Banks in India to bridge MSME credit gap; releases discussion paper – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-niti-aayog-moots-full-stack-digital-banks-in-india-to-bridge-msme-credit-gap-releases-discussion-paper/2375443/ Credit and Finance for MSMEs: While neo banks are also a potentially effective channel to achieve social goals like empowering the hitherto under-banked
How fintechs, banks, govt can reduce lending cost to MSMEs, enhance credit accessibility – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-how-fintechs-banks-govt-can-reduce-lending-cost-to-msmes-enhance-credit-accessibility/2369086/ Credit and Finance for MSMEs: Due to lack of transmission through smaller NBFCs and fintechs, the expected benefits of govt support schemes didn’t reach
ICICI Bank News: ICICI Bank launches online platform to help Indian exporters – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/icici-bank-launches-online-platform-to-help-indian-exporters/articleshow/87864422.cmsSynopsis The objective of this initiative is to increase efficiency and productivity of exporters and importers decongesting the time-taking physical procedures. MUMBAI:ICICI Bankhas announced
Asset quality pains for banks ease, focus on growth likely in H2 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/asset-quality-pains-for-banks-ease-focus-on-growth-likely-in-h2/article37620723.ece?homepage=true NPA situation of the Indian banking system indicates a gradual improvement in the NPA ratio in September 2021 Asset quality pains for banks
Bad-loan market may see a flurry of activity after lull of past few years | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/bad-loan-market-may-see-a-flurry-of-activity-after-lull-of-past-few-years-121112101008_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 The bad loan market may get a boost from the fact that Centre may not indulge state-run banks anymore by recapitalising them as
RBI report: Lending is trust. Digital, a layer – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rbi-report-lending-is-trust-digital-a-layer/2373989/ The RBI report on digital lending has suggestions on ensuring customers borrow from only verified mediums, and fintech firms that fall under the
BT Exclusive: Interest of crypto investors must be protected; banning not the solution: Amitabh Kant – BusinessToday
Clipped from: https://www.businesstoday.in/crypto/story/bt-exclusive-banning-crypto-not-the-solution-but-need-progressive-pro-innovation-led-regulation-amitabh-kant-313009-2021-11-22 Speaking exclusively to Business Today, the NITI Aayog head said that banning cryptocurrencies was not the solution and that there was a need
C Rangarajan, B Sambamurthy write: Tackling the problem of bad loans
Clipped from: https://indianexpress.com/article/opinion/columns/reserve-bank-bad-loans-india-national-asset-reconstruction-company-7634517/ C Rangarajan, B Sambamurthy write: Despite various attempts to create an efficient framework for resolving bad loans, poor ecosystem and legal delays frustrate
NPAs of NBFCs, HFCs may rise for 3-4 quarters due to tweak in norms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/npas-of-nbfcs-hfcs-may-rise-for-3-4-quarters-due-to-tweak-in-norms/article37613501.ece RBI clarified that loan accounts classified as NPAs may be upgraded as ‘standard’ asset only if entire arrears are paid – BIJOY GHOSH
ECLGS: 64% of Rs 4.5 lakh crore credit guarantee scheme sanctioned to 1.25 crore MSMEs, others so far – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-eclgs-64-of-rs-4-5-lakh-crore-credit-guarantee-scheme-sanctioned-to-1-25-crore-msmes-others-so-far/2373360/ Credit and Finance for MSMEs: ECLGS was modified in September for borrowers under ECLGS 1.0 and 2.0 to make them eligible for additional
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