Clipped from: https://www.thehindubusinessline.com/money-and-banking/we-want-to-have-more-buy-now-pay-later-customers-than-any-card-company/article36873310.ece Upasana Taku, co-founder, chairperson and COO, MobiKwik – BUSINESS LINE Upasana Taku, co-founder, chairperson and COO, MobiKwik – BUSINESS LINE× MobiKwik co-founder Upasana
Category: RBI–Banks
Bitter, but essential, medicine for Srei – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/bitter-but-essential-medicine-for-srei/articleshow/86790445.cmsSynopsis India needs a separate framework for resolving financial intermediaries, and not use IBC meant for resolving the bad loans of non-financial debtors for
Moody’s affirms ratings of 9 Indian banks, changes outlook to stable – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/moodys-affirms-ratings-of-9-indian-banks-changes-outlook-to-stable/articleshow/86808528.cmsSynopsis Moody’s also affirmed the long-term local and foreign currency deposit ratings of Bank of Baroda, Canara Bank, Punjab National Bank and Union Bank
Srei lenders, second casualty of IL&FS implosion, now await a tense future – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/srei-lenders-second-casualty-of-ilfs-implosion-now-await-a-tense-future/articleshow/86804718.cms SynopsisThe woes of both the beleaguered DHFL and Srei entities arise from the collapse of IL&FS. The liquidity crisis after the collapse of
Indians usher in this festive season with higher bills, looming inflation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indians-usher-in-this-festive-season-with-higher-bills-looming-inflation/articleshow/86811945.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Surging fuel prices and the possibility of a severe coal shortage in the country – which have intensified the fear of inflation- also
How Bad Banks will help boost credit flow to economy – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/how-bad-banks-will-help-boost-credit-flow-to-economy-308621-2021-10-06 Unless the economy struck by pandemic, recently, and policy shocks in the recent past, goes on the path of “dream run”, credit demand
RBI: People vs. banks: Will the common man benefit as the transparency fight enters the last leg? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/people-vs-banks-will-the-common-man-benefit-as-the-transparency-fight-enters-the-last-leg/primearticleshow/86787645.cms SynopsisThe RBI and banks are believed to be working on ways to give better public disclosure. A draft will be presented to the
monetary policy: Deepening energy crisis raises inflation alarm as RBI meets – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/deepening-energy-crisis-raises-inflation-alarm-as-rbi-meets/articleshow/86800039.cmsSynopsis While gains in consumer prices are, for now, within the Reserve Bank of India’s 2%-6% target range, the core measure — which strips
Self-employed, non-salaried draw the gaze of housing financiers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/self-employed-non-salaried-draw-the-gaze-of-housing-financiers/article36835465.ece Lenders see rise in demand for home ownership in this huge chunk of population Housing finance companies are betting big on self-employed and
Srei Infra and Equipment Finance have debt obligations of over ₹29,000 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/srei-infra-and-equipment-finance-have-debt-obligations-of-over-29000-crore/article36836171.ece Most banks have been providing for their exposure to the two companies The Reserve Bank of India is expected to soon initiate the
Liquidity normalisation is upon us | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/liquidity-normalisation-is-upon-us-121100600091_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Growth prospects have brightened and inflation outlook has eased, despite lingering concerns as to potential broad-based supply shocks The path of the economy’s
How new auto-debit rules that require customer consent will impact you | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/how-new-auto-debit-rules-that-require-customer-consent-will-impact-you-121100501375_1.html All kinds of recurring or auto-debit payments now require the customer’s consent before they are cleared, mandate RBI’s new rules. What does this
New order for NBFCs | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/new-order-for-nbfcs-121100501533_1.html RBI’s timely action on Srei shows willingness to use its powers The Reserve Bank of India (RBI), as the regulator of banks and
Corporate frauds likely to spike in post-Covid set-up, says survey | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/corporate-frauds-likely-to-spike-in-post-covid-set-up-says-survey-121100600078_1.html Over 62 per cent of independent directors indicated that they believe fraud will increase over the next two years About 63 per cent
Interest rates — We are in a neutral zone now – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-interest-rates-we-are-in-a-neutral-zone-now/2344486/ So far, the RBI has been on a rate reduction cycle. Gradually, as economic recovery gains traction, the RBI will change stance as
Diligence is overdue – The Financial Express
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
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,
