Clipped from: https://www.financialexpress.com/industry/banking-finance/rupee-coop-bank-depositors-oppose-dicgic-decision-to-pay-rs-5-lakh-to-account-holders-of-stressed-coop-banks/2337802/ Besides PMC, the large banks include Rupee Cooperative Bank, Kapol Cooperative Bank, Maratha Coop Bank, and City Coop Ban, all from Maharashtra. Rupee
Category: RBI–Banks
RBI permits lenders to sell fraud loans to ARCs, paves way for resolution | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-permits-lenders-to-sell-fraud-loans-to-arcs-paves-way-for-resolution-121092401209_1.html Legal onus regarding reporting, monitoring, filing of complaints with law enforcement agencies will move to the ARCs post the transfer Photo: Shutterstock The Reserve
bad bank: The good, bad & agla steps: Looks like there’s only one way India’s bad bank could work – The Economic Times
lipped from: https://economictimes.indiatimes.com/opinion/et-commentary/the-good-bad-agla-steps-looks-like-theres-only-one-way-indias-bad-bank-could-work/articleshow/86491357.cmsSynopsis The bad bank should not be a one-off deal to clean up bank books. Loans will grow, new bad loans will creep in,
Mispricing of risks a concern: SBI chairman Dinesh Kumar Khara – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/mispricing-of-risks-a-concern-sbi-chairman-dinesh-kumar-khara/articleshow/86484994.cmsSynopsis SBI chairman Dinesh Kumar Khara said that idea of bad bank is different from what used to be asset reconstruction companies in the
Cryptocurrency india: RBI ex-Guv Subbarao explains why RBI is anxious about cryptocurrencies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/rbi-ex-guv-subbarao-explains-why-rbi-is-anxious-about-cryptocurrency/articleshow/86475029.cmsSynopsis In an interview with ETMarkets.com, former RBI Governor Dr D Subbarao said RBI’s concerns over cryptocurrencies like Bitcoin are three-fold. MUMBAI: The Reserve
RBI revamps loan transfer and securitisation rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-revamps-loan-transfer-and-securitisation-rules/articleshow/86483409.cmsSynopsis These are part of the sweeping changes the regulator announced in the loan transfer as well as securitisation rules in order to improve
Bad Bank: India Debt Resolution Co takes shape with three directors, Rs 50 cr capital – BusinessToday
Clipped from: https://www.businesstoday.in/industry/banks/story/bad-bank-india-debt-resolution-co-takes-shape-with-three-directors-rs-50-cr-capital-307396-2021-09-23 There are plans to attract professionals in the management of affairs of the IDRCL but there is also a possibility of both public
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
Issue of certificate of deposits plunges on poor credit demand, excess liquidity – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/issue-of-certificate-of-deposits-plunges-on-poor-credit-demand-excess-liquidity/article36631357.ece?homepage=true Market for CDs has been dormant due to lack of funding requirement The total outstanding certificate of deposits (CDs) issued by scheduled commercial
New recurring payment norms from Oct 1: Banks, card issuers in a tizzy | Business Standard News
lipped from: https://www.business-standard.com/article/finance/rbi-s-firm-stand-on-payments-sends-banks-card-issuers-into-a-tizzy-121092301381_1.html Customers are being notified about changes, and alternative methods of payments Photo: Bloomberg Sensing the Reserve Bank of India’s (RBI’s) firm resolve to
Decoded: What is UPI and how does it work?–business-standard
Clipped from: https://www.business-standard.com/the-morning-show/video/decoded/decoded-what-is-upi-and-how-does-it-work-32.htmhttps://player.vimeo.com/video/609239276 Decoded: What is UPI and how does it work? Launched in 2016, UPI is a revolutionary technology framework used for mobile payments in
Exclusive | RBI ex-Guv Subbarao says Fed taper won’t cause tantrums this time – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/exclusive-rbi-ex-guv-subbarao-says-fed-taper-wont-cause-tantrums-this-time/articleshow/86451708.cmsSynopsis The Indian equity market shrugged off the Fed announcement and took the benchmark indices to newer heights on Thursday, as investors’ risk appetite
Dispute resolution key too – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/dispute-resolution-key-too/2334144/ For account aggregation, it is as vital as the mandated consent focus The digital financial ecosystem is still an area where regulation is
Bad bank: Too little, too late | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/bad-bank-too-little-too-late-1032356.html Indian banks are past their NPA peak; most chunky NPAs have already been resolved Credit: iStock Photo Bad loans of Indian banks started
Banks face significant margin pressure despite surfeit of liquidity – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/banks-face-significant-margin-pressures-despite-surfeit-of-liquidity/article36583820.ece?homepage=true SBI Ecowrap says conundrum of weak credit demand and excess liquidity is evident from average reverse repo Banks are facing significant margin pressures
Banks should not ‘try to imitate’ fintech in process of re-imagination of biz models: Ex RBI deputy governor Mundra – The Financial Express
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,
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
