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
Category: RBI–Banks
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
Senior Citizens Tax-Saving FDs: Check which banks are offering interest rates up to 7% – The Financial Express
Clipped from: https://www.financialexpress.com/money/senior-citizens-tax-saving-fds-check-which-banks-are-offering-interest-rates-up-to-7-on-fixed-deposits/2367687/ For senior citizens, FDs are also their first investment choice as they work as a source of regular income for them. However, the
Ombudsman scheme to provide cost-free redress of customer complaints: RBI – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/ombudsman-scheme-to-provide-cost-free-redress-of-customer-complaints-rbi/2368013/ The Scheme adopts ‘One Nation One Ombudsman’ approach by making the RBI Ombudsman mechanism jurisdiction neutral, the RBI said in a statement. “The
Monetary gear shifts pose challenges – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/monetary-gear-shifts-pose-challenges/articleshow/87544250.cmsSynopsis The RBI must accommodate the requirements of growth, while using its sizeable reserves of foreign exchange and control of cross-border capital flows to
Extension given to the RBI governor is good for the markets | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/extension-given-to-the-rbi-governor-is-good-for-the-markets-121102900516_1.html While it is true that institutions are more important than the person, ideology and approach of Governors of central banks are important Madan
Bad bank, good intentions and bad lending | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/bad-bank-good-intentions-and-bad-lending-121102400906_1.html If PSBs cannot lend as indiscriminately as they did last time in the name of “credit expansion”, how well will these banks do?
Peanut penalty and reputation risks for banks | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/peanut-penalty-and-reputation-risks-for-banks-121102500023_1.html Is it becoming a routine affair, like being fined by the traffic police for jumping the red light or by a TTE for
Who is my regulator? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/who-is-my-regulator-121102801819_1.html RBI’s recent actions against auditors highlight the need for role clarity as well as coordination among regulators The Reserve Bank of India (RBI) governor drew
Shaktikanta Das 2.0: Lifting the skills of RBI staff to be the real legacy | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/shaktikanta-das-2-0-lifting-the-skills-of-rbi-staff-to-be-the-real-legacy-121102900986_1.html Making RBI’s professional skills comparable to the best in the world will not be easy because those who have to be supervised the
Banking accountability | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/banking-accountability-121110201915_1.html Robust system is needed for investigation Bankers are in shock after the arrest of former State Bank of India (SBI) chairman Pratip Chaudhuri by
RBI drops ‘profitability’ benchmark for declaring banks as weak under its PCA framework – BusinessToday
Clipped from: https://www.businesstoday.in/industry/banks/story/rbi-drops-profitability-benchmark-for-declaring-banks-as-weak-under-its-pca-framework-311168-2021-11-02 According to RBI’s new guidelines, capital, asset quality, and leverage will be the three key areas for monitoring in the revised framework. The