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
Category: RBI–Banks
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
RBI Monetary Policy Oct 8: MPC likely to keep repo rate unchanged, may absorb some surplus liquidity – The Financial Express
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
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
aniltikotekar4sme.com 