Clipped from: https://www.financialexpress.com/economy/rbi-monetary-policy-oct-8-mpc-likely-to-keep-repo-rate-unchanged-may-absorb-some-surplus-liquidity/2343243/ The monetary policy meetings seem to have reached a stage where decisions from the RBI will be more keenly watched than what the
Category: RBI–Banks
MSME Credit Growth August 2021: Bank credit to micro, small enterprises up only 1.1% from year-ago, shows RBI data | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-micro-small-enterprises-get-only-1-1-more-credit-from-banks-in-august-vis-a-vis-year-ago/2343390/ MSME Credit Growth August 2021: The share of MSEs in the country’s overall gross bank credit of Rs 108.97 lakh crore in August
How new Auto Debit Rules will impact you and your payments – The Financial Express
Clipped from: https://www.financialexpress.com/money/how-new-auto-debit-rules-will-impact-you-and-your-payments/2342048/ From October 1, all recurring payments made using third-party applications will be preceded by a notification to the customer at least one day
Lenders approach RBI after ₹30,000 crore Srei loans turn NPA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-approach-rbi-after-30000-crore-srei-loans-turn-npa/articleshow/86668737.cmsSynopsis In response to a query from ET, a Srei Group spokesperson said the economic downturn and loan moratoriums provided by the regulator had
RBI’s new auto debit rules – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/multimedia/video/rbis-new-auto-debit-rules/article36776674.ece?homepage=true The new regulations that require a second factor authentication for certain auto debit transactions are becoming operational from October 1, 2021. How will
RBI advises Dhanlaxmi Bank to ensure transparency in nominating directors – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-advises-dhanlaxmi-bank-to-ensure-transparency-in-nominating-directors/2342154/ The board kept in abeyance the recommendations of the nomination and remuneration committee of the bank, including the reappointment of prominent investor Ravi
RBI opens third cohort under the Regulatory Sandbox – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-opens-third-cohort-under-the-regulatory-sandbox/articleshow/86680929.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “The MSME segment has emerged as the growth engine of Indian economy contributing significantly to the economic and social development of the country
RBI may signal policy normalisation on October 8, Standard Chartered says – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-may-signal-policy-normalisation-on-october-8-standard-chartered-says/articleshow/86681172.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The consensus view is that the RBI will leave interest rates unchanged at its Oct. 8 MPC meeting and only start to unwind
Bad Bank should be temporary: Former RBI Governor D Subbarao – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/bad-bank-should-be-temporary-former-rbi-governor-d-subbarao/articleshow/86677725.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Subbarao noted that despite the pandemic, the bad loan situation may be somewhat better this year and banks should move quickly and dispose
Dhanlaxmi Bank shareholders reject appointment of auditors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/dhanlaxmi-bank-shareholders-reject-appointment-of-auditors/article36762339.ece Kerala High Court hold, adjourns it for a month Shareholders of the Thrissur-based Dhanlaxmi Bank rejected the appointment of statutory central and branch
Housing credit start-up Homeville raises $7 mn from 9Unicorns, Varanium NexGen Fund – BusinessToday
lipped from: https://www.businesstoday.in/latest/corporate/story/housing-credit-start-up-homeville-raises-7-mn-from-9unicorns-varanium-nexgen-fund-308136-2021-09-30 The start-up provides down payment assistance among other services and has facilitated housing sales worth $250 million The venture plans to use the
srei group: Lenders approach RBI after ₹30,000 crore Srei loans turn NPA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-approach-rbi-after-30000-crore-srei-loans-turn-npa/articleshow/86668737.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In response to a query from ET, a Srei Group spokesperson said the economic downturn and loan moratoriums provided by the regulator had
NARCL will have economies of scale with respect to bad asset aggregation | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/narcl-will-have-economies-of-scale-with-respect-to-bad-asset-aggregation-121091601351_1.html The long overdue facilitation via NARCL comes at a time when banks’ appetite for credit needs to be supported, as the economy turns
Edelweiss says open to buying stressed assets from ‘bad bank’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/edelweiss-says-open-to-buying-stressed-assets-from-bad-bank/article36742456.ece?homepage=true ARC arm mulls raising over $1.3 b for NPA purchases Far from seeing the National Asset Reconstruction Company Ltd (NARCL), the so-called bad
CBDCs make tangible progress – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/cbdcs-make-tangible-progress/articleshow/86622255.cmsSynopsis Suppose there were a non-dollar digital currency that maintains a relatively stable value and can be used to settle payments that do not
It’s the government, not RBI, which will decide when to start tapering | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/it-s-the-government-not-rbi-which-will-decide-when-to-start-tapering-121092900092_1.html Experts need to look at things that have a bearing on the forthcoming elections, namely, food price inflation and the output gap, especially
The big bank idea | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-big-bank-idea-121092901478_1.html India needs more efficient financial entities Finance Minister Nirmala Sitharaman said last week that India needed four or five banks of State Bank of India’s
SBI loan restructuring 2.0: Terms, who is eligible, how to apply – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/sbis-loan-restructuring-2-0-terms-who-is-eligible-how-to-apply/articleshow/86578916.cmsSynopsis The country’s largest public sector lender, State Bank of India (SBI) has released the guidelines adopted by the bank with regard to implementation
Govt extends Emergency Credit Line Guarantee Scheme till March 31, 2022 – BusinessToday
Clipped from: https://www.businesstoday.in/latest/economy/story/govt-extends-emergency-credit-line-guarantee-scheme-till-march-31-2022-307995-2021-09-29 Last date of disbursement under the scheme extended to June 30, 2022; the move follows demands raised by entities seeking extension of support
Fintechs need to be regulated, says RBI deputy governor T Rabi Sankar – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/fintechs-need-to-be-regulated-says-rbi-deputy-governor-t-rabi-sankar/2339890/ Banks bridge temporal gaps in requirement of money by providing liquidity services, Sankar said, as they are uniquely placed by dint of their
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