Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/indian-banks-behind-the-curve-in-tapping-payments-tech-uday-kotak/articleshow/88078147.cmsSynopsis On the homegrown payments ecosystem, Kotak said UPI payments as well as Aadhaar unique identity basis for transactions are remarkable innovations and they
Category: RBI–Banks
Omicron scare may delay RBI plan to normalise accommodative monetary stance | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/omicron-scare-may-delay-rbi-plan-to-normalise-accommodative-monetary-stance-121120300551_1.html The six-member monetary policy committee of the RBI will meet from December 6-8 to review the policy Photo: Bloomberg The concern over the
Fintech risk landscape – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fintech-risk-landscape/article37810464.ece How to thrive in a regulated environment With over 1,500 start-ups dotting the fintech landscape, India’s financial and banking sector has witnessed an
PMC Bank depositors to weigh legal options if scheme of amalgamation not modified – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/pmc-bank-depositors-to-weigh-legal-options-if-scheme-of-amalgamation-not-modified/article37802334.ece?homepage=true Chander Purswani, President, PMC Depositors Forum opined that RBI should allow individual depositors to withdraw 20-25 per cent of the balance in their
Fed chief’s comment on rate hike set to ruin Dalal Street’s Christmas party – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/fed-chiefs-comment-on-rate-hike-set-to-ruin-dalal-streets-christmas-party/articleshow/88022829.cmsSynopsis While the benchmark Nifty50 has not yet technically entered a correction zone of 10 per cent from its record high, a large swathe
RBI: Licensing rules buttress RBI’s credentials as a prudential referee – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/licensing-rules-buttress-rbis-credentials-as-a-prudential-referee/articleshow/88029479.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Ashok BhattacharjeeEditor, The Economic TimesSynopsis Entry of Indian industrial houses into banking could boost privatization proceeds, but Mint Road seems to have been
RBI report on digital lending: The path ahead for digital lending – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rbi-report-on-digital-lending-the-path-ahead-for-digital-lending/2380232/ RBI working group report takes a balanced view, calling for specific regulatory interventions to reduce concentration risk and eliminate regulatory arbitrage; the report
The Account Aggregator framework can be SME’s UPI. Or is it too early to give credit? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/the-account-aggregator-framework-can-be-smes-upi-or-is-it-too-early-to-give-credit/articleshow/87994782.cms SynopsisThe RBI’s decision to have an Account Aggregator framework to narrow the credit gap in the MSME sector is praiseworthy. But banks have
Should you invest in government bonds via RBI Retail Direct Gilt scheme? Here are the pros and cons – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/should-you-invest-in-government-bonds-via-rbi-retail-direct-gilt-scheme-here-are-the-pros-and-cons/articleshow/87947022.cmsSynopsis Until now, retail investors took comfort in G-secs indirectly via traditional insurance plans or gilt mutual funds. The RBI Retail Direct platform offers
cgcl: CGCL partners with State Bank of India for co-lending to MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/cgcl-partners-with-state-bank-of-india-for-co-lending-to-msmes/articleshow/87977648.cmsSynopsis The agreement aims to enhance last-mile finance and drive financial inclusion to MSMEs by offering secured loans between Rs 10 lakh to Rs
IndusInd Bank’s subsidiary defers review of decision to relieve top 2 execs | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/indusind-bank-s-subsidiary-defers-review-of-decision-to-relieve-top-2-execs-121112900379_1.html Last week, the bank had said that the two top executives of BFIL cannot be relieved from their positions until the review of
Don’t saddle banks with start-up finance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/dont-saddle-banks-with-start-up-finance/article37757637.ece?homepage=true As start-ups fall under ‘high risk, high return’ category, banks cannot risk parking depositors’ money in them It is reported that Prime Minister
Visa complains to US govt about India backing for local rival RuPay | Business Standard News
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
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