Clipped from: https://www.business-standard.com/article/opinion/politics-vs-governance-121090801471_1.html RBI’s supervision of co-op banks gets a body blow The Madhya Pradesh High Court’s decision to stay the Reserve Bank of India’s (RBI’s)
Category: RBI–Banks
Central banks must stop pussyfooting on climate | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/central-banks-must-stop-pussyfooting-on-climate-121090801482_1.html Ignoring climate risks will complicate macroeconomic management, just as overlooking financial risks eventually led to the global financial crisis After a drop in
After Google Pay, Amazon debuts as platform for taking deposits | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/after-google-pay-amazon-debuts-as-platform-for-taking-deposits-121090900040_1.html RBI has been wary of allowing tech giants in the banking space Tapping into any kind of distribution channel is not illegal and
RBI tweaks norms to ensure the security of card data – Here is what experts say – The Financial Express
Clipped from: https://www.financialexpress.com/money/rbi-tweaks-norms-to-ensure-the-security-of-card-data-here-is-what-experts-say/2326455/ Experts say it is crucial, that the ecosystem of multiple payments instruments in the country, along with bigger adoption of digital payment methods
NBFCs should also lend to lower rated corporates: Principal economic advisor Sanjeev Sanyal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/nbfcs-should-also-lend-lower-rated-corporates-principal-economic-advisor-sanjeev-sanyal/articleshow/86040782.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Sanjeev Sanyal highlighted a need facilitate more funds flow to the lower corporates as most lending is to the top-rated borrowers. A recent
RBI’s resolution framework: A prudent mechanism for banks, NBFCs to initiate insolvency process – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/rbis-resolution-framework-a-prudent-mechanism-for-banks-nbfcs-to-initiate-insolvency-process-306119-2021-09-07 The framework provides a prudential framework for banks and NBFCs to recognise and report the defaults with complete freedom to design and implement
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
NBFC regulation needs to be strengthened – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/nbfc-regulation-needs-to-be-strengthened/article36344108.ece?homepage=true As NBFCs have become systemically important, regulation must be on a par with banks to ensure financial stability In June 2021, the Reserve
hdfc bank: HDFC Bank partners with NSIC to offer credit support to MSMEs – The Economic Times
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
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
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