Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/hdfc-bank-partners-with-nsic-to-offer-credit-support-to-msmes/articleshow/86002065.cms NEW DELHI: Continuing its efforts to support MSMEs, HDFC Bank has signed a Memorandum of Understanding (MoU) with National Small Industries Corporation (NSIC) to offer credit support
Category: RBI–Banks
Start-ups: Does one participate? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/start-ups-does-one-participate-121090601431_1.html The sky-high valuations are worrying, but can investors just ignore these companies? The Indian start-up scene is incredibly vibrant. Every week we hear
Mastercard: US payments-network firms are under Centre’s compliance scanner. Is Mastercard playing with fire? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/technology-and-startups/us-payments-network-firms-are-under-centres-compliance-scanner-is-mastercard-playing-with-fire/primearticleshow/85879034.cms SynopsisMastercard is having it rough from the RBI for failing to comply with the regulator’s data-localisation norms. Not many in the industry are
Account Aggregator: A new digital revolution in India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/a-new-digital-revolution-in-india/articleshow/85955574.cmsSynopsis An Account Aggregator can, with the enterprise’s consent, furnish the data seamlessly to multiple banks to apply for a loan, accept the best
hdfc bank: HDFC Bank will surprise itself on NPA recovery front in Q2: Rahul Shukla – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/hdfc-bank-will-surprise-itself-on-npa-recovery-front-in-q2-rahul-shukla/articleshow/85975329.cmsSECTIONSHDFC Bank will surprise itself on NPA recovery front in Q2: Rahul ShuklaLast Updated: Sep 06, 2021, 04:32 PM ISTSynopsis “We are a large
Cashfree launches Banking-as-a-service offering ‘Accounts’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/cashfree-launches-banking-as-a-service-offering-accounts/article36316608.ece?homepage=true Accounts will allow businesses to offer features such as account opening, linking, deposits and interest earning Bengaluru-based Cashfree, a digital payments and banking
Ola Electric ties up with banks, fin institutions for loans to customers | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ola-electric-ties-up-with-banks-fin-institutions-for-loans-to-customers-121090600874_1.html The company, which had last month launched the Ola S1 electric scooter in two variants — S1 and S1 Pro — at prices
Not being depositor-friendly costs PSBs trillions | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/in-perspective/not-being-depositor-friendly-costs-psbs-trillions-1026063.html Public Sector Banks started to play with renewal terms on deposits, lost 9% of the market share Representative Image. Credit: PTI File Photo
Editorials News, Articles and Analysis | Hindustan Times
Clipped from: https://www.hindustantimes.com/editorials/the-revolutionary-potential-of-account-aggregators-101630933783333.htmlPREMIUM PREMIUMeditorials The revolutionary potential of account aggregators By HT EditorialUPDATED ON SEP 06, 2021 06:40 PM ISTThe benefits are clear — easy access
Inflation fears: Monetary policy at crossroads – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/inflation-fears-monetary-policy-at-crossroads/2324415/ That there is now a reduced degree of confidence over demand-side inflation pressures remaining quiescent is highly debatable Or, if average inflation has
Reimagining credit for MSME borrowers – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/reimagining-credit-for-msme-borrowers/2324422/ The question of “Am I creditworthy?” is changing to “Who can understand my creditworthiness?” This technology-driven transition is visible in every step of
Transparency push: No more arm-twisting by banks for lockers – The Financial Express
Clipped from: https://www.financialexpress.com/money/transparency-push-no-more-arm-twisting-by-banks-for-lockers/2323588/ Banks can only obtain from customers a time deposit that covers three years’ rent and charges for breaking open the locker Also, customers
Indians embrace digital: Over 300 mn smartphone users use digital payments | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/indians-embrace-digital-over-300-mn-smartphone-users-use-digital-payments-121090500826_1.html From ‘tankhwa’ and ‘kiraya’, for ‘shagun’ and ‘jugaad’, digital payment is a pan-India habit More than 300 mn Indian smartphone users now use
Tie-ups like Equitas-Google Pay can significantly disrupt payments sector | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tie-ups-like-equitas-google-pay-can-significantly-disrupt-payments-sector-121090500807_1.html With Covid-19 putting the brakes on bank lending, fintech players have begun to give banks serious competition Imaging: Ajay Mohanty The Indian financial sector went
Public sector banks and corporate governance | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/public-sector-banks-and-corporate-governance-121090500859_1.html Ten out of 11 nationalised banks don’t have a chairman. Most bank boards don’t have adequate number of non-official directors Last week, Shanti
Payments Banks want RBI to hike max day end deposit balance to ₹5 lakh – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/payments-banks-want-rbi-to-hike-max-day-end-deposit-balance-to-5-lakh/article36301530.ece?homepage=true Payments Banks (PBs) want the Reserve Bank of India (RBI) to up the maximum end of the day balance a customer can maintain
Madhya Pradesh High Court stays RBI notification on UCBs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/madhya-pradesh-high-court-stays-rbi-notification-on-ucbs/article36309886.ece?homepage=true Petitioner argued that the RBI’s order ‘lacks authority’; more pleas likely in courts The Reserve Bank of India (RBI) may need to introspect
Loan delinquencies materially increased in SME, retail segments; NPLs may jump 50% in 2 years: Moody’s – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-loan-delinquencies-materially-increased-in-sme-retail-segments-npls-may-jump-50-in-2-years-moodys/2318358/ Credit and Finance for MSMEs: The retail and SME NPL ratio has increased at most banks rated by Moody’s. This included Punjab National
Why the RBI must rethink reverse repo rate – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/why-the-rbi-must-rethink-reverse-repo-rate-305825-2021-09-03 A continuously optimised Reverse Repo Rate (RRR) will ensure that money supply is channelled to the system without hindrance and is not subject
How Account Aggregators can help you get the best loan, insurance or investment deals – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/banking/story/how-account-aggregators-can-help-you-get-the-best-loan-insurance-or-investment-deals-305792-2021-09-02 Account Aggregator is like an exchange platform between banks and institutions sharing the data. It consolidates all the financial data in one place
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