Clipped from: https://www.financialexpress.com/opinion/all-that-glitter-more-gold-in-rbi-reserves-adds-to-stability-but-the-central-bank-must-hedge-against-depreciation/2367312/ The RBI report has flagged options for active management of gold including making deposits and gold swaps with bullion banks, and exchange traded
Category: RBI–Banks
Facebook not limiting itself to digital access to SMBs but also helping with credit access: Ajit Mohan – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-facebook-not-limiting-itself-to-digital-access-to-smbs-but-also-helping-with-credit-access-ajit-mohan/2365499/ Credit and Finance for MSMEs: On Tuesday, Facebook also launched two new resources for small businesses – Grow Your Business Hub and Grow
Specify due dates in loan agreements: RBI to banks – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/specify-due-dates-in-loan-agreements-rbi-to-banks/2368204/ Additionally, the central bank clarified that the instructions on SMA classification of borrower accounts apply to all loans, including retail, irrespective of the
Banks can lend with more freedom, less fear – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/banks-can-lend-with-more-freedom-less-fear/article37441527.ece?homepage=true The Staff Accountability Framework frees lenders, now risk averse, of the fear of ‘vigilance’ for small loans. This will spur credit Despite ample
MSMEs can look at passing on rising input costs to consumers: Assocham President – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-interview-msmes-can-look-at-passing-on-rising-input-costs-to-consumers-assocham-president/2365187/ Ease of Doing Business for MSMEs: “The overall thing that you have to look at is that all the lead indicators in the
Senior Citizens Tax-Saving FDs: Check which banks are offering interest rates up to 7% – The Financial Express
Clipped from: https://www.financialexpress.com/money/senior-citizens-tax-saving-fds-check-which-banks-are-offering-interest-rates-up-to-7-on-fixed-deposits/2367687/ For senior citizens, FDs are also their first investment choice as they work as a source of regular income for them. However, the
Ombudsman scheme to provide cost-free redress of customer complaints: RBI – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/ombudsman-scheme-to-provide-cost-free-redress-of-customer-complaints-rbi/2368013/ The Scheme adopts ‘One Nation One Ombudsman’ approach by making the RBI Ombudsman mechanism jurisdiction neutral, the RBI said in a statement. “The
Monetary gear shifts pose challenges – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/monetary-gear-shifts-pose-challenges/articleshow/87544250.cmsSynopsis The RBI must accommodate the requirements of growth, while using its sizeable reserves of foreign exchange and control of cross-border capital flows to
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
Bad bank, good intentions and bad lending | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/bad-bank-good-intentions-and-bad-lending-121102400906_1.html If PSBs cannot lend as indiscriminately as they did last time in the name of “credit expansion”, how well will these banks do?
Peanut penalty and reputation risks for banks | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/peanut-penalty-and-reputation-risks-for-banks-121102500023_1.html Is it becoming a routine affair, like being fined by the traffic police for jumping the red light or by a TTE for
Who is my regulator? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/who-is-my-regulator-121102801819_1.html RBI’s recent actions against auditors highlight the need for role clarity as well as coordination among regulators The Reserve Bank of India (RBI) governor drew
Shaktikanta Das 2.0: Lifting the skills of RBI staff to be the real legacy | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/shaktikanta-das-2-0-lifting-the-skills-of-rbi-staff-to-be-the-real-legacy-121102900986_1.html Making RBI’s professional skills comparable to the best in the world will not be easy because those who have to be supervised the
Banking accountability | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/banking-accountability-121110201915_1.html Robust system is needed for investigation Bankers are in shock after the arrest of former State Bank of India (SBI) chairman Pratip Chaudhuri by
RBI drops ‘profitability’ benchmark for declaring banks as weak under its PCA framework – BusinessToday
Clipped from: https://www.businesstoday.in/industry/banks/story/rbi-drops-profitability-benchmark-for-declaring-banks-as-weak-under-its-pca-framework-311168-2021-11-02 According to RBI’s new guidelines, capital, asset quality, and leverage will be the three key areas for monitoring in the revised framework. The
Stressed asset sales should take place earlier: RBI report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/stressed-asset-sales-should-take-place-earlier-rbi-committee-report/articleshow/87492225.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The RBI-appointed committee also recommended that the minimum net owned funds requirement for asset reconstruction companies should be doubled to two billion rupees.
Small, medium issue: Economic recovery gaining steam. But low-income groups’ demand & MSMEs are concerns
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/small-medium-issue-economic-recovery-gaining-steam-but-low-income-groups-demand-msmes-are-concerns/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
Chaudhuri arrest case: Alchemist ARC accuses loan defaulters of complicity | Business Standard News
lipped from: https://www.business-standard.com/article/finance/chaudhuri-arrest-case-alchemist-arc-accuses-loan-defaulters-of-complicity-121110101427_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Says former SBI chief’s arrest was based on protest petition filed by erstwhile directors of Hotel Gaudavan; non-bailable warrants were issued without any
RBI issues revised Prompt Corrective Action framework for banks | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/rbi-issues-revised-prompt-corrective-action-framework-for-banks-121110201548_1.html Capital, asset quality and leverage will be the key areas for monitoring in the revised framework, the RBI said The revised PCA framework
SREI founders may offer resolution plan under CIRP if RBI and lenders allow | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/srei-founders-may-offer-resolution-plan-under-cirp-if-rbi-and-lenders-allow-121110201599_1.html Will refrain of apex bank and lenders resist such a move, says Hemant Kanoria The Kanorias, founders of SREI group, may look at