Clipped from: https://economictimes.indiatimes.com/nri/invest/how-to-open-aadhaar-based-enps-nri-account/articleshow/88459898.cmsSynopsis Here is a look at how an NRI can open an Aadhaar-based e-NPS account, according to the FAQs on e-NPS for NRIs published
Category: RBI–Banks
View: RBI policy should be contingent on recovery, inflation and Omicron, not US Fed behaviour – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-rbi-policy-should-be-contingent-on-recovery-inflation-and-omicron-not-us-fed-behaviour/articleshow/88460618.cmsSynopsis Drawing on the experiences of the previous cycles, there are more similarities with the 2003-07 cycle, rather than 2013. Asian central banks are
Fed rate hike: Indian equities at greater risk from Fed’s rate moves – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/indian-equities-at-greater-risk-from-us-feds-interest-rate-stance/articleshow/88459497.cms SynopsisThe equity assets under management (AUM) of the US funds rose by 47 per cent year-on-year to Rs 18.5 lakh crore at the
The Central Conundrum – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-citings/the-central-conundrum/articleshow/88461880.cmsSynopsis At every occasion, central banks have erred on the side of short-term caution, almost irrespective of the longer-term consequences. And this will not
Omicron may derail ongoing demand recovery, says RBI Governor | MPC minutes: Business Standard News
Clipped from: https://www.business-standard.com/article/finance/mpc-minutes-monetary-policy-set-to-get-more-challenging-globally-says-das-121122201006_1.html ‘Need to remain vigilant to incipient cost-push pressures to inflation as well as to uncertainty imparted by Omicron. Its implication for inflation, going
Banks need additional $70 bn to back $5- trn GDP: SBI’s Dinesh Khara | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-need-additional-70-bn-to-back-5-trn-gdp-sbi-s-dinesh-khara-121122300070_1.html Banks would continue to play a critical role in meeting the needs of corporations Dinesh Kumar Khara, SBI Chairman The Indian banking system will need
Technology is causing disruptions in banking, says K V Kamath | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/technology-is-causing-disruptions-in-banking-says-k-v-kamath-121122200851_1.html Kamath recognised the great transition done by the banks over the last two years during the pandemic, however, the only issue is about
Is India safe from US Fed’s tapering spree? Arvind Panagariya decodes – The Economic Times
lipped from: https://economictimes.indiatimes.com/opinion/et-commentary/is-india-safe-from-us-feds-tapering-spree-arvind-panagariya-decodes/articleshow/88439913.cmsSynopsis Why should India and other emerging market economies (EMEs) care what the US does to its money supply? The short answer is that
Merchants to RBI: Not prepared, extend tokenisation deadline | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/economy/rbi-tokenisation-deadline-merchants-7686073/ If implemented in the present state of readiness, the new RBI mandate could cause major disruptions and loss of revenue, especially for merchants,
Jayanth Varma: ‘No longer appropriate to stick to policy stance’ | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/jayanth-varma-rbi-monetary-policy-7686076/ “I believe that monetary policy is no longer the right instrument to deal with the Covid-19 pandemic whose economic effects (as opposed to
IT raids on 4 ARCs: Banks may become wary about selling NPAs – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/it-raids-on-4-arcs-banks-may-become-wary-about-selling-npas/article38003717.ece Bankers fear old cases of NPA sale to ARCs being opened up Bankers may baulk at selling bad loans to asset reconstruction companies
Bank NPA analysis: NPA situation is turning favourable for banks; will it sustain? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/npa-situation-is-turning-favourable-for-banks-will-it-sustain/articleshow/88391607.cms SynopsisA study shows the gross NPAs of almost all private and PSU banks have stabilised in the September ’21 quarter as the post-second
IBC: Time is right for stressed asset investors to play a more meaningful role – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/ibc-time-is-right-for-stressed-asset-investors-to-play-a-more-meaningful-role/articleshow/88405503.cmsSynopsis The Insolvency and Bankruptcy Code was enacted in 2o16 but its yet to gain popularity. The stressed asset market in India is estimated
Recovery chances look slim for Rs 20,000 crore of micro loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/recovery-chances-look-slim-for-rs-20000-crore-of-micro-loans/articleshow/88415574.cmsSynopsis Microfinance lenders including banks and small finance banks may find it difficult to recover about Rs 20,000 crore worth of loans, which will
FII selling makes rupee Asia’s worst-performing emerging market currency – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/fii-selling-makes-rupee-asias-worst-performing-emerging-market-currency/articleshow/88407482.cmsSynopsis The currency declined 1.9% this quarter as global funds pulled $4.2 billion of capital out of the country’s stock market, the most among
PCA Framework for NBFCs brings further parity with banks in terms of regulations: Ind-Ra – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/pca-framework-for-nbfcs-brings-further-parity-with-banks-in-terms-of-regulations-ind-ra/article37995499.ece The move also establishes a regulatory course of action in an event of a breach of certain parameters, thus acting as an early
Regulating NBFCs, the banking way – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/regulating-nbfcs-the-banking-way/article37998990.ece RBI extending the PCA framework to shadow banks will prompt them to implement best business, risk-management practices In a strategic move, the RBI
RBI rushes in to cut the Rupee’s sudden drop, likely bought $5 bn – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/rbi-rushes-in-to-cut-the-rupees-sudden-drop-likely-bought-5-bn/articleshow/88397013.cmsSynopsis The Indian Rupee rebounded from an 18-month low last week after the central bank sold dollars in the spot and futures market. The
RBI’s Dec 31 deadline on tokenization: What does it mean for you? – The Financial Express
Clipped from: https://www.financialexpress.com/india-news/rbis-dec-31-deadline-on-tokenization-what-does-it-mean-for-you/2384402/ With tokenization, the entities involved in the transaction do not have to memorise what the card entails on either end since it is
Average value of UPI, RuPay transactions below Rs 2000, marking stagnancy | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/average-value-of-upi-rupay-transactions-below-rs-2000-marking-stagnancy-121122000704_1.html Digital transactions have increased many times, but their average ticket size is not growing for the domestic payments card. Last week, the government
