Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/people-vs-banks-will-the-common-man-benefit-as-the-transparency-fight-enters-the-last-leg/primearticleshow/86787645.cms SynopsisThe RBI and banks are believed to be working on ways to give better public disclosure. A draft will be presented to the
Category: RBI–Banks
monetary policy: Deepening energy crisis raises inflation alarm as RBI meets – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/deepening-energy-crisis-raises-inflation-alarm-as-rbi-meets/articleshow/86800039.cmsSynopsis While gains in consumer prices are, for now, within the Reserve Bank of India’s 2%-6% target range, the core measure — which strips
Self-employed, non-salaried draw the gaze of housing financiers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/self-employed-non-salaried-draw-the-gaze-of-housing-financiers/article36835465.ece Lenders see rise in demand for home ownership in this huge chunk of population Housing finance companies are betting big on self-employed and
Srei Infra and Equipment Finance have debt obligations of over ₹29,000 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/srei-infra-and-equipment-finance-have-debt-obligations-of-over-29000-crore/article36836171.ece Most banks have been providing for their exposure to the two companies The Reserve Bank of India is expected to soon initiate the
Liquidity normalisation is upon us | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/liquidity-normalisation-is-upon-us-121100600091_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Growth prospects have brightened and inflation outlook has eased, despite lingering concerns as to potential broad-based supply shocks The path of the economy’s
How new auto-debit rules that require customer consent will impact you | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/how-new-auto-debit-rules-that-require-customer-consent-will-impact-you-121100501375_1.html All kinds of recurring or auto-debit payments now require the customer’s consent before they are cleared, mandate RBI’s new rules. What does this
New order for NBFCs | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/new-order-for-nbfcs-121100501533_1.html RBI’s timely action on Srei shows willingness to use its powers The Reserve Bank of India (RBI), as the regulator of banks and
Corporate frauds likely to spike in post-Covid set-up, says survey | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/corporate-frauds-likely-to-spike-in-post-covid-set-up-says-survey-121100600078_1.html Over 62 per cent of independent directors indicated that they believe fraud will increase over the next two years About 63 per cent
Interest rates — We are in a neutral zone now – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-interest-rates-we-are-in-a-neutral-zone-now/2344486/ So far, the RBI has been on a rate reduction cycle. Gradually, as economic recovery gains traction, the RBI will change stance as
Diligence is overdue – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/diligence-is-overdue/2344543/ SREI case further proof of banks’ laxity, RBI lacking alertness too Given the chequered history of NBFCs—hundreds of them have folded up—it is
Recurring pain | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/recurring-pain-121100401504_1.html RBI must re-examine its auto-debit restrictions The Reserve Bank of India’s (RBI’s) new rules controlling recurring payments on credit or debit cards came into force
MSMEs may soon get exemption from mandatory statutory audit; NFRA seeks suggestions on proposed move – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-nfra-seeks-suggestions-on-whether-msmes-should-be-exempted-from-mandatory-statutory-audit-to-ease-compliance-burden/2341360/ Ease of Doing Business for MSMEs: NFRA said that the regulations relating to financial reporting and auditing ‘should not impose undue burden and
BSE receives in-principle approval from RBI for TReDS business – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/bse-receives-in-principle-approval-from-rbi-for-treds-business/articleshow/86780182.cmsSynopsis The TReDS platform will bring all the aforesaid participants together for facilitating uploading, accepting, discounting, trading and settlement of the invoices, bills of
Banks will need to think like new digital startups to meet fintech challenge: KV Kamath – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/banks-will-need-to-think-like-new-digital-startups-to-meet-fintech-challenge-kv-kamath/articleshow/86777577.cmsSECTIONSBanks will need to think like new digital startups to meet fintech challenge: KV KamathLast Updated: Oct 05, 2021, 02:01 PM ISTSynopsis “Incumbent players,
FIDC seeks refinance mechanism for NBFCs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/fidc-seeks-refinance-mechanism-for-nbfcs/article36817715.ece?homepage=true Further suggests arbitration should be considered a valid legal step taken for debt recovery under the ECLGS scheme. Finance Industry Development Council (FIDC)
Status quo on stance but liquidity sugar rush may end | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/status-quo-on-stance-but-liquidity-sugar-rush-may-end-121100400003_1.html Withdrawal of excess liquidity is akin to taking away the training wheels from a kid’s bike. They help a kid maintain balance but
Retail and MSMEs likely to see rise in slippages, say bankers | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/retail-and-msmes-likely-to-see-rise-in-slippages-say-bankers-121100400022_1.html The current level of NPAs masks the actual pain due to restructuring done under regulatory packages, both in 2020 and this year Rating
Rs 20k crore Subordinate Debt: Govt extends scheme till March 2022 but do MSMEs need it? | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-do-msmes-need-rs-20000-crore-subordinate-debt-scheme-thats-been-extended-till-march-2022/2343557/ Credit and Finance for MSMEs: The scheme’s purpose was to provide guarantee coverage for CGSSD to offer subordinate debt support with respect to
ECLGS: Govt extends emergency credit scheme till March 31 next year; here’s what MSMEs want – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-eclgs-what-msmes-want-this-time-with-likely-extension-of-modi-govts-emergency-credit-scheme/2340391/ Credit and Finance for MSMEs: As of September 24, 2021, over Rs. 2.86 lakh crore worth of loans were sanctioned under the scheme
Delayed payment applications filed by MSMEs near a whopping 1-lakh mark: Govt data – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-applications-for-clearing-over-rs-24k-crore-worth-msme-payments-filed-since-launch-of-msme-samadhaan-portal/2342813/ Ease of Doing Business for MSMEs: Out of the total applications filed, only 10 per cent (9,381) applications involving Rs 1,685 crore were
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