Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/bitcoin-may-100000-by-early-next-year-standard-chartered/articleshow/86061084.cmsSynopsis The bank also said it “structurally” valued Ethereum, the second-most traded crypto asset, at $26,000-$35,000 although to reach that level bitcoin would have
Category: RBI–Banks
Shaktikanta Das: Banks’ NPAs stable in June quarter, look manageable; IBC needs improvement: RBI Governor Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-npas-stable-in-june-quarter-look-manageable-ibc-needs-improvement-rbi-governor-shaktikanta-das/articleshow/86072286.cmsSynopsis RBI Governor Shaktikanta Das said banks have capital buffers of over 16 per cent while the same for NBFCs is at 25 per
Nithin Kamath | Crypto: Crypto could be the biggest threat to brokers and exchanges, says Nithin Kamath – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-could-be-the-biggest-threat-to-brokers-and-exchanges-says-nithin-kamath/articleshow/86068368.cmsSynopsis “I don’t think it will be another stock brokerage firm or a new stock exchange (which will disrupt the broking industry). It will
National security considerations to dictate India’s cryptocurrency policy: Jayant Sinha – BusinessToday
Clipped from: https://www.businesstoday.in/crypto/story/national-security-considerations-to-dictate-indias-cryptocurrency-policy-jayant-sinha-306279-2021-09-09 “We have to be very watchful about what happens to these crypto assets and cryptocurrencies. Use of these kind of crypto instruments in
RBI Governor Shaktikanta Das: Need more credible answers on cryptos’ contribution to Indian economy – The Financial Express
Clipped from: https://www.financialexpress.com/market/rbi-governor-shaktikanta-das-need-more-credible-answers-on-cryptos-contribution-to-indian-economy/2327394/ “We have conveyed our serious and major concerns to the government about cryptocurrencies from the point of view of financial stability. It is
The impossible task of taming the rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/the-impossible-task-of-taming-the-rupee/article36365287.ece?homepage=true Managing the currency, even with capital controls & pro-active monetary policy, is a big ask. Why not allow the rupee to rise? Most
Politics vs governance | Business Standard Editorials
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)
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
aniltikotekar4sme.com 