Clipped from: https://www.business-standard.com/article/finance/when-rbi-warns-about-something-listen-governor-das-on-cryptocurrencies-121111601280_1.html In his speech, the RBI governor had alarmed a few bankers, especially the private ones, by stating the RBI is watching closely banks
Category: RBI–Banks
Could the rupee’s perma-bear run be coming to an end? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/could-the-rupees-perma-bear-run-be-coming-to-an-end/2370595/ It appears the lazy cocktail party forecasts of 100 to the dollar may become ephemeral. Significantly, thus far, global investors have been showing
Microfinance sector: Average collection efficiency improves to 95% in Q2 from 85% in Q1 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/microfinance-sector-average-collection-efficiency-improves-to-95-in-q2-from-85-in-q1/2370586/ Asset quality of the lenders of the sector improved on a sequential basis with portfolio at risk (PAR) above 30 days falling to
RBI Governor bats for crypto ban, says it could cause serious financial instability – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-governor-bats-for-crypto-ban-says-it-could-cause-serious-financial-instability/articleshow/87740256.cmsSynopsis “The technology (blockchain) is more than 10 years old, it did not come yesterday. The technology will grow and can grow without cryptos,”
Rates to remain benign, corp credit revival likely in 4-6 months: SBI chief | Business Standard News
lipped from: https://www.business-standard.com/article/finance/rates-to-remain-benign-corp-credit-revival-likely-in-4-6-months-sbi-chief-121111400989_1.html In a Q&A, the lender’s chairman Dinesh Khara says the banking system awaits a restructuring proposal from Vodafone-Idea Dinesh Kumar Khara, Chairman, SBI
Banks’ core earnings face heat from poor credit growth, low yields on loans | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-core-earnings-face-heat-from-poor-credit-growth-low-yields-on-loans-121111300017_1.html Their gross interest income shrank for second consecutive quarter in Q2FY22 while their core earnings, or pre-provisioning profit, were down 1.5% YoY Banks continue
4 ways to financially secure your child’s future – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/big-story/4-ways-to-financially-secure-your-childs-future/article37474755.ece This Children’s Day, help your child take that first step towards financial awareness. Here are some ways to save and invest Children’s Day
Policy rate cuts transmission higher for depositors than borrowers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/policy-rate-cuts-transmission-higher-for-depositors-than-borrowers/article37477594.ece With the rate cycle expected to turn sooner than later, further benefits to borrowers seem unlikely while depositors can look forward to better
Retail Direct scheme: A tiny step in a big direction – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/a-tiny-step-in-a-big-direction/articleshow/87673457.cmsSynopsis If the government were serious about drawing retail investors to the government bond market, it would allow gilts to be traded on stock
RBI asks banks not to standardise bad loans on just getting interest payments – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-asks-banks-not-to-standardise-bad-loans-on-just-getting-interest-payments/articleshow/87672712.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Issuing some clarifications to all the extant provisions and including the ones issued on October 1, 2021, on the prudential norms on income
Restrictions put on Laxmi Coop Bank, Solapur; Rs 1,000 cap on withdrawals – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/restrictions-put-on-laxmi-coop-bank-solapur-rs-1000-cap-on-withdrawals/articleshow/87672824.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23NEXT STORY RBI asks banks not to standardise bad loans on just getting interest payments Synopsis Issuing some clarifications to all the extant provisions
RBI’s retail direct gilt scheme: How to invest and what’s in it for you? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/bonds/rbis-direct-retail-gilt-scheme-how-to-invest-and-whats-in-it-for-you/articleshow/87666162.cmsSynopsis The scheme is aimed at facilitating investment by retail investors in gilts by improving ease of access and providing a direct portal for
Window for surplus dollar required: MNC banks to RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/window-for-surplus-dollar-required-mnc-banks-to-rbi/articleshow/87676477.cmsSynopsis These banks, which act as custodians for foreign portfolio investors (FPIs), fear a dollar pile-up could cause a breach of regulatory exposure limits
Watch | PM Modi launches RBI Retail Direct scheme. What is it about? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/multimedia/video/watch-pm-modi-launches-rbi-retail-direct-scheme-what-is-it-about/article37455794.ece?homepage=true The RBI Retail Direct Scheme will help ease retail investors’ access to the government securities market. The RBI Integrated Ombudsman Scheme will help
Managing cryptocurrencies | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/managing-cryptocurrencies-121111101856_1.html Govt must address regulatory concerns Given the huge surge of trading interest in cryptocurrencies, the government needs to create a regulatory framework for
All that glitter: More gold in RBI reserves adds to stability, but the central bank must hedge against depreciation – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/all-that-glitter-more-gold-in-rbi-reserves-adds-to-stability-but-the-central-bank-must-hedge-against-depreciation/2367312/ The RBI report has flagged options for active management of gold including making deposits and gold swaps with bullion banks, and exchange traded
Facebook not limiting itself to digital access to SMBs but also helping with credit access: Ajit Mohan – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-facebook-not-limiting-itself-to-digital-access-to-smbs-but-also-helping-with-credit-access-ajit-mohan/2365499/ Credit and Finance for MSMEs: On Tuesday, Facebook also launched two new resources for small businesses – Grow Your Business Hub and Grow
Specify due dates in loan agreements: RBI to banks – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/specify-due-dates-in-loan-agreements-rbi-to-banks/2368204/ Additionally, the central bank clarified that the instructions on SMA classification of borrower accounts apply to all loans, including retail, irrespective of the
Banks can lend with more freedom, less fear – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/banks-can-lend-with-more-freedom-less-fear/article37441527.ece?homepage=true The Staff Accountability Framework frees lenders, now risk averse, of the fear of ‘vigilance’ for small loans. This will spur credit Despite ample
MSMEs can look at passing on rising input costs to consumers: Assocham President – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-interview-msmes-can-look-at-passing-on-rising-input-costs-to-consumers-assocham-president/2365187/ Ease of Doing Business for MSMEs: “The overall thing that you have to look at is that all the lead indicators in the