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
Category: RBI–Banks
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
Is the worst behind Indian banks? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/is-the-worst-behind-indian-banks-121112101035_1.html Bankers are seeing better days ahead with expectations of a pickup in credit growth in the next few quarters as corporate India readies
SBI yet to refund Rs 164 cr undue fee charged from Jan Dhan a/c holders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-yet-to-refund-rs-164-cr-undue-fee-charged-from-jan-dhan-a/c-holders/articleshow/87831076.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A report by IIT-Mumbai said that during April 2017 to September 2020, SBI had collected over Rs 254 crore towards at least 14
Joint bank account not mandatory for spouse pension, says govt | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/joint-bank-account-not-mandatory-for-spouse-pension-says-govt-121112000856_1.html A joint bank account with spouse is however desirable, the govt said Joint bank account is not mandatory for spouse pension, the government
Gold loans business is not a bed of roses, say Muthoot Finance Chief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/gold-loans-business-is-not-a-bed-of-roses-say-muthoot-finance-chief/article37574213.ece?homepage=true George Alexander Muthoot on more players getting into the gold loans biz means vindicating its biz model honed over last eight decades. Gold
Banks need a tight framework, say experts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-need-a-tight-framework-say-experts/article37601204.ece?homepage=true To cover all aspects of venture funding so as to safeguard bankers’ interests Prime Minister Narendra Modi’s vision for banks to support start-ups
RBI’s guidelines on lockers need a rethink – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/burden-on-banks/article37565239.ece The RBI has issued revised guidelines which comes to effect from January 1, 2022 While deciding the case ‘Amitabha Dasgupta vs United Bank
Strengthening financial sector | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/strengthening-financial-sector-121111801536_1.html Governance in the banking system needs to be improved The Reserve Bank of India (RBI) intervened at various levels to contain the impact of Covid-induced
RBI is right, need to move with caution on cryptocurrencies – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rbi-is-right-move-with-caution-on-cryptocurrencies/2372012/ The underlying tech may be transformative, but cryptos’ impact on financial markets needs clarity Depending on what form cryptocurrencies take on in India,
Your Money: Why debt collection needs to be smart & easy – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-why-debt-collection-needs-to-be-smart-easy/2371951/ When customers are empowered by digital experiences specific to their needs, the debt collection process is seamless and pain-free It is time for
Burden on banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/burden-on-banks/article37565239.ece?homepage=true RBI’s guidelines on lockers need a rethink While deciding the case ‘Amitabha Dasgupta vs United Bank of India’ on February 19, 2021, the
All that is dubious about crypto currencies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/all-that-is-dubious-about-crypto-currencies/article37564644.ece?homepage=true Need of the hour The growing popularity of cryptocurrencies calls for a serious study into the issue – REUTERS Need of the hour
RBI working group warns on digital lending by big tech players | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-working-group-warns-on-digital-lending-by-big-tech-players-121111900028_1.html The working group has recommended the formation of a nodal agency & SRO for digital lending apps Big tech firms have a big
Strengthening financial sector | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/strengthening-financial-sector-121111801536_1.html Governance in the banking system needs to be improved The Reserve Bank of India (RBI) intervened at various levels to contain the impact of Covid-induced
Digital Lending: RBI working group recommends separate law to prevent illegal digital lending activities – BusinessToday
Clipped from: https://www.businesstoday.in/latest/economy/story/digital-lending-rbi-working-group-recommends-separate-law-to-prevent-illegal-digital-lending-activities-312680-2021-11-18 The sudden mushrooming of digital lending apps and other modes has forced the RBI to look at the entire ecosystem of lending which
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