Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/financial-handshake-signals-swift-demise/articleshow/86240656.cmsSynopsis If the linkage between UPI and PayNow is successful, it can be replicated in other countries, leading to network effects, greater trade and
Category: RBI–Banks
6 examples of embedded finance that will transform the near future – The Financial Express
lipped from: https://www.financialexpress.com/money/6-examples-of-embedded-finance-that-will-transform-the-near-future/2330989/ Today, non-traditional financial players such as Amazon, Google, etc. are also trying their luck for market share in consumer financial services. Embedded finance
Banks look to resolve large assets even as NARCL gets set up – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/banks-look-to-resolve-large-assets-even-as-narcl-gets-set-up/2331056/ Some cases understood to be under consideration for transfer to the NARCL list are already undergoing insolvency proceedings such as Amtek Auto, Castex
To solve a Rs 5-lakh-crore problem for small businesses, India needs innovative solutions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/to-solve-a-rs-5-lakh-crore-problem-for-small-businesses-india-needs-innovative-solutions/articleshow/86158719.cmsSynopsis The challenges that MSMEs face are multi-faceted and therefore, policy makers should also embrace greater diversity in solutions that supplement the efforts already
msme: ARCs may hunt MSME, retail assets as ground shifts: Crisil – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/arcs-may-hunt-msme-retail-assets-as-ground-shifts-crisil/articleshow/86171056.cmsSynopsis ARCs have been facing headwinds in the past two fiscals, with assets under management (AUM) – as measured by security receipts (SRs) outstanding
NPCI unveils norms for banks to compensate AePS fraud victims – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/npci-unveils-norms-for-banks-to-compensate-aeps-fraud-victims/articleshow/86213579.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis During the course of the Covid-19 pandemic, several cases of fraud were reported in Jharkhand and Tamil Nadu in the direct benefit transfers
Embedded Finance: Making loans available to new-to-credit rural customers – The Financial Express
Clipped from: https://www.financialexpress.com/money/embedded-finance-making-loans-available-to-new-to-credit-rural-customers/2330006/ Rural credit seekers continue to reel under the high interest rates and unfair practices despite the increase in access to technology. As not
Small businesses expect easier credit access, better opportunities with post-Covid govt measures: Survey – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-small-businesses-expect-easier-credit-access-better-opportunities-with-post-covid-govt-measures-survey/2329936/ Ease of Doing Business for MSMEs: A substantial majority of the merchants believed that the government’s move in July this year to include
Loans – You need to submit proof of renovation for top-up home loan – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-you-need-to-submit-proof-of-renovation-for-top-up-home-loan/2329495/ Even if the loan is transferred to a new service provider, the construction period will remain the same as eight years, being more
Gross NPA of banks likely to cross ₹10 lakh crore by March 2022: Assocham-Crisil study – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gross-npa-of-banks-to-cross-10-lakh-crore-by-march-2022-assocham-crisil-study/article36452200.ece?homepage=true This is expected mainly due to slippages in retail, MSME accounts Banks’ gross non-performing assets (GNPAs) are likely to exceed ₹10 lakh crore
KYC Frauds: RBI cautions public against KYC updation frauds – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-cautions-public-against-kyc-updation-frauds/articleshow/86167347.cmsSynopsis The regulator said that the usual modus operandi in such cases include receiving unsolicited calls, emails or messages from unidentified person, urging the
How AA framework empowers consumers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/how-aa-framework-empowers-consumers/article36419869.ece?homepage=true It helps them in getting a consolidated view of their financial assets, providing multiple options to plan better investments Getting a loan could
Hamletian dilemma of monetary policy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/hamletian-dilemma-of-monetary-policy/article36415600.ece?homepage=true Thanks to the uncertainties, it is rational for the MPC to support the incipient recovery and be dovish on the projected inflation In
Large-scale privatisation of banks will hurt – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/govt-owned-banks-not-only-provide-tremendous-comfort-level-to-depositors-but-also-render-services-at-affordable-cost/article36416057.ece?homepage=true Govt-owned banks not only provide tremendous comfort level to depositors but also render services at affordable cost It has been reported that while
Can you bank on neobanks? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/big-story/can-you-bank-on-neobanks/article36403063.ece?homepage=true If technologically inclined, you might be doing your banking through digital-only platforms. But is the online model bang for the buck? Here’s our
To solve a Rs 5-lakh-crore problem for small businesses, India needs innovative solutions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/to-solve-a-rs-5-lakh-crore-problem-for-small-businesses-india-needs-innovative-solutions/articleshow/86158719.cmsSynopsis The challenges that MSMEs face are multi-faceted and therefore, policy makers should also embrace greater diversity in solutions that supplement the efforts already
PayU: An INR35,000 crore question: can BillDesk acquisition help PayU lead the payments race? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/an-inr35000-crore-question-can-billdesk-acquisition-help-payu-lead-the-payments-race/primearticleshow/86122631.cms SynopsisThough BillDesk is not a new-age payment provider with lending and other businesses, its focus on fundamentals and deeply entrenched position among utility-payment
New vistas for Indian banks | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/new-vistas-for-indian-banks-121091300026_1.html As low credit offtake dents earning, Indian banks are exploring fresh avenues to lend. This is the only way to avoid mispricing of
Bank loans to NBFCs grow slower as credit to small lenders dries up – The Financial Express
Clipped from: https://www.financialexpress.com/industry/bank-loans-to-nbfcs-grow-slower-as-credit-to-small-lenders-dries-up/2328866/ Credit outstanding to non-bank lenders has been growing in the low single digits through much of the current year, with banks’ NBFC book
Restored normalcy in PSU banks hamstrung by sticky bad assets: Finance minister Nirmala Sitharaman – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/restored-normalcy-in-psu-banks-hamstrung-by-sticky-bad-assets-finance-minister-nirmala-sitharaman/2328886/ The Centre, apart from infusing required capital, monitored the PSU banks with regular assessment and reviews while taking prompt corrective actions. She said
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