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
Category: RBI–Banks
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
Will not haul up RBI for declaring loans as NPAs, says Apex Court – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/will-not-haul-up-rbi-for-declaring-loans-as-npas-says-apex-court/article36279830.ece?homepage=true We are not inclined to exercise our contempt jurisdiction since it is not in the interest of justice: SC Bench “Economy is booming
RBI and G-secs market – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/management-of-public-debt-and-regulation-of-the-g-sec-market-should-remain-with-the-rbi-for-now/article36256474.ece RBI Governor Shaktikanta Das wants G-Sec managment to remain firmly in the hands of the central bank – REUTERS RBI Governor Shaktikanta Das
Loan-carnival push may yield little: Overall business sentiment needs to improve for credit-growth to regain its mojo – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/loan-carnival-push-may-yield-little-overall-business-sentiment-needs-to-improve-for-credit-growth-to-regain-its-mojo/2319975/ The de-growth was contained as a result of the medium industries segment registering a sharp growth of 54.6% in June 2021. Loans to
Micro-smart loan – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-tech/micro-smart-loan/article35923928.ece?homepage=true No matter how desirable financial inclusion is, banks are not going to lend to small-ticket, first-time borrowers because there is no way to
UPI registers robust growth in August – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/upi-registers-robust-growth-in-august/article36219745.ece?homepage=true Logs record 355 crore transactions worth ₹6.39 lakh crore Digital payments continued to grow at a robust pace and touched a new record
Real test of monetary policy is in time of supply shocks: MPC 1.0 member | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/real-test-of-monetary-policy-is-in-time-of-supply-shocks-mpc-1-0-member-121082900425_1.html ‘Our collective decision was to record our views through the MPC minutes and not elsewhere,’ says Chetan Ghate. Chetan Ghate, a member of
P2P lending is for those with a high risk appetite, say analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/p2p-lending-is-for-those-with-a-high-risk-appetite-say-analysts-121083001188_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Limit lending amount and diversify among borrowers P2P platforms enable lenders to earn a higher rate of interest. Two prominent fintech players recently
Deposit insurance needs overhaul, not tweaks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/deposit-insurance-needs-overhaul-not-tweaks/article36208383.ece Aggrieved lot A file picture of protesting PMC Bank depositors – Emmanual Yogini Aggrieved lot A file picture of protesting PMC Bank depositors
Tapering: Is it time for RBI to take Fed-style aggressive action? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/tapering-is-it-time-for-rbi-to-take-fed-style-aggressive-action/articleshow/85778201.cmsSynopsis Interestingly, the Fed may have been the most vocal of all central banks in claiming that current high inflation in the US is
xiaomi: India’s $1 trillion digital loan market is the new battleground for Facebook and Xiaomi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/indias-1-trillion-digital-loan-market-is-the-new-battleground-for-facebook-and-xiaomi/articleshow/85792458.cmsSynopsis Facebook this month said India would be the first country where it rolls out its small business loan program offering loans via a
How Google’s push into Indian retail banking challenges traditional lenders | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/how-google-s-push-into-indian-retail-banking-challenges-traditional-lenders-121083000043_1.html Google Pay wants to push time-deposit products of small Indian banks, breaching banks’ historic moat with tech innovation. Will banking meet the sorry
The liquidity conundrum | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-liquidity-conundrum-121082900849_1.html Only credit growth can help banks to get out of this liquidity drag. That can happen when growth is secured (and not through
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