Clipped from: https://www.financialexpress.com/industry/banking-finance/banks-should-not-try-to-imitate-fintech-in-process-of-re-imagination-of-biz-models-ex-rbi-deputy-governor-mundra/2334846/ Growingly, it is looking like banks are evolving as the fintech companies, which also do the business of accepting deposits and do lending,
Category: RBI–Banks
Demand Seen: Loan guarantee scheme to stay through FY22 – The Financial Express
Clipped from: https://www.financialexpress.com/economy/demand-seen-loan-guarantee-scheme-to-stay-through-fy22/2334991/ “There is also a chance that initially, it may be extended by three months through December 2021, which could be followed by another
hdfc bank: India’s largest private lender, HDFC Bank, plots path to double retail loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/indias-largest-private-lender-hdfc-bank-plots-path-to-double-retail-loans/articleshow/86388400.cmsSynopsis This would mark a sharp turnaround from the bank’s last year’s strategy when it slowed down retail lending due to a rise in
Making the banking sector more vibrant – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/making-the-banking-sector-more-vibrant/article36571944.ece?homepage=true Tweaking the norms on priority sector lending, term deposits, SB interest and current account will help In 1999, the RBI set up a
Bank licence door likely to stay shut for large industrial houses | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/bank-licence-door-likely-to-stay-shut-for-large-industrial-houses-121091800040_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 RBI’s final report, expected in 10 days, set to overrule working group’s suggestions The RBI’s final report is expected to have more details
Bad bank will help clean up balance sheets, but credit culture must change for healthier financial system | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/finance-minister-nirmala-sitharaman-national-asset-reconstruction-company-7516177/ The creation of a bad bank does not in any way address the underlying cause of the bad loan problem in India —
A good bank – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/a-good-bank/article36521870.ece The NARCL is conceived well and its success is critical to the Centre’s bank clean-up plan The Centre’s move to operationalise the National
trade finance: Why trade finance is an important form of funding and how recent policy changes can strengthen it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/why-trade-finance-is-an-important-form-of-funding-and-how-recent-policy-changes-can-strengthen-it/articleshow/86313444.cmsSynopsis Trade finance is going to be an important form of resource raising for the foreseeable future – both for big corporates as well
Bank licence door likely to stay shut for large industrial houses | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/bank-licence-door-likely-to-stay-shut-for-large-industrial-houses-121091800040_1.html RBI’s final report, expected in 10 days, set to overrule working group’s suggestions The RBI’s final report is expected to have more details
Can e-RUPI become the game-changer for digital currency adoption in India? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/can-e-rupi-become-the-game-changer-for-digital-currency-adoption-in-india/articleshow/85231288.cms?utm_source=Desktop&utm_medium=HP_ETGreatReads&utm_campaign=DPSynopsis The introduction of e-RUPI will provide a new level to the governance of information technology. It has been met with enthusiasm by cryptocurrency
Not just a token move: RBI permitting more tokenisation reduces trade-off between security & ease-of-use compulsions in digital payments space – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/not-just-a-token-move-rbi-permitting-more-tokenisation-reduces-trade-off-between-security-ease-of-use-compulsions-in-digital-payments-space/2331030/ Tokenisation is a process of replacing sensitive data with non-sensitive data. In payments cards industry, it is typically used to replace cardholder’s card
upi: Financial handshake signals swift demise – The Economic Times
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
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
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