Clipped from: https://www.thehindubusinessline.com/opinion/fintechs-in-a-happy-space/article37179165.ece The market is growing and investments are flowing in India’s fintech firms have taken giant strides in the past half-a-dozen years in transforming
Category: RBI–Banks
Careful on CA convertibility – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/careful-on-ca-convertibility/2357458/ Big, sudden foreign capital outflows can disrupt markets To be sure, we have come a long way since then; today, domestic residents can
RBI exempts borrowers with less than Rs 5-crore bank loans from ambit of current accounts circular – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-exempts-borrowers-with-less-than-rs-5-crore-bank-loans-from-ambit-of-current-accounts-circular/2359851/ FE had reported on September 4 that the Indian Banks’ Association (IBA) had requested the RBI to exempt accounts held by the government
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
RBI eases current account opening rules for exposure below Rs 5 cr | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-eases-current-account-opening-rules-for-exposure-below-rs-5-cr-121102901642_1.html Rules changed after feedback from the Indian Banks’ Association and other stakeholders, says the regulator Borrowers to inform lenders when credit facilities availed
Capping the fizz – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbi-is-right-to-curb-nbfcs-offering-ipo-funding-it-distorts-price-discovery-and-skews-ipo-allotment/article37165068.ece RBI is right to curb NBFCs offering IPO funding. It distorts price discovery and skews IPO allotment Following up on its January discussion
Things to consider before availing loans under BNPL scheme – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/top-story/story/things-to-consider-before-availing-loans-under-bnpl-scheme-310121-2021-10-22 Given access to easy money, there is a risk of getting carried away. Here are a few things you should know before shopping
It will need greater clarity over durability of recovery for RBI to firm up its moves towards policy normalisation
Clipped from: https://indianexpress.com/article/opinion/editorials/monetary-policy-committee-rbi-economy-growth-7590564/ The withdrawal of policy support is likely to be gradual with the process playing out at multiple levels — beginning with normalisation of
Why Reserve Bank has ‘shocked’ Srei | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/why-reserve-bank-has-shocked-srei-121101800017_1.html It seems that the RBI had very little choice as the promoters did not infuse fresh capital, make adequate provisioning and improve corporate
Held for fraud, DHFL promoters Wadhawans bought business jet, floated offshore companies | Express Exclusive News,The Indian Express
Clipped from: https://indianexpress.com/article/express-exclusive/pandora-papers-wadhawans-dhfl-7574199/ DHFL promoters Kapil Wadhawan and his brother Dheeraj Wadhawan were put behind bars last year and owe Indian banks more than Rs 88,000
To Market, to Market With Bank Loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/to-market-to-market-with-bank-loans/articleshow/87047578.cmsSynopsis Both performing and non-performing assets may be transferred, but the rules stipulate that stressed loans can only be transferred to permitted transferees and
Beguiling base: The Hindu Editorial on fuel prices and inflation – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/beguiling-base-the-hindu-editorial-on-fuel-prices-and-inflation/article36994063.ece States and Centre must cut fuel levies to bring down inflation and fuel consumption The latest sets of data on industrial output and
Distressed assets: Winds of change – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/distressed-assets-winds-of-change/2350091/ The government, RBI and SEBI are on the right track in reforming the Indian stressed assets market Policymakers should consider the following legal
Why Covid-hit MSME sector is prophesied to boost economy towards $5 trillion goal by FY25 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-why-covid-hit-msme-sector-is-prophesied-to-boost-economy-towards-5-trillion-goal-by-fy25/2347511/ Ease of Doing Business for MSMEs: Indian SMEs account for 80 per cent of the country’s enterprises, creating over 8,000 different value-added products,
PayPal, IIFT to help MSME exporters tap into cross-border trade opportunity with training, support – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-exim-paypal-iift-to-help-msme-exporters-tap-into-cross-border-trade-opportunity-with-training-support/2349333/ Trade, imports, exports for MSMEs: IDTFF will particularly look at challenges around exports faced by small exporters and share ideas for possible solutions.
Credit for MSMEs: 5 key schemes beyond ECLGS, CGTMSE meant to ease small businesses’ capital woes – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-credit-for-msmes-5-key-schemes-beyond-eclgs-cgtmse-meant-to-ease-small-businesses-capital-woes/2349482/ Credit and Finance for MSMEs: In the past two decades or more, the government had rolled out dozens of credit schemes of different
How fintech can bridge the credit gap for first-time borrowers – The Financial Express
Clipped from: https://www.financialexpress.com/money/how-fintech-can-bridge-the-credit-gap-for-first-time-borrowers/2349247/ Fintech firms are offering tailored credit services quickly with high client interaction, using novel ways to analyse data and assess borrowers needs and
RBI withdraws restrictions on Hindu Cooperative Bank, Pathankot – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-withdraws-restrictions-on-hindu-cooperative-bank-pathankot/articleshow/87023788.cmsSynopsis The RBI, however, added the penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of
IIFL Finance: Need a loan? Just say ‘Hi’ on Whatsapp and get Rs 10 lakh instantly. Here’s how to apply
lipped from: https://economictimes.indiatimes.com/news/how-to/need-a-loan-just-say-hi-on-whatsapp-and-get-rs-10-lakh-instantly-heres-how-to-apply/articleshow/86961211.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis According to IIFL Finance, users can get a loan of up to Rs 10 lakh in few minutes by just saying hi on
RBI issues small finance bank licence to Centrum and BharatPe combine – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rbi-issues-small-finance-bank-licence-to-centrum-and-bharatpe-combine/articleshow/86968439.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A new bank license has been issued after a gap of nearly 6 years, and we thank the RBI for the confidence shown
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