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
Category: RBI–Banks
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
An open letter to PM Modi | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/an-open-letter-to-pm-modi-121112800908_1.html Dear Prime Minister, your government has brought in transparency in the appointment process of CEOs; capitalised the banks; cleaned their books; and consolidated
In India crypto won’t be the first case of privately issued currencies | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/in-india-crypto-won-t-be-the-first-case-of-privately-issued-currencies-121112700357_1.html Since no one knows exactly what effect these privately issued currencies will have, the government is planning to pass a law on them
Govt to help restart MSMEs which shut down during pandemic: Rane | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-to-help-restart-msmes-which-shut-down-during-pandemic-rane-121112601379_1.html The Centre is mulling providing help to the micro, small and medium enterprises which were closed during the COVID-19 pandemic and a high-level
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
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
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