Regulators must be mindful of BigTech interlinkages with financial institutions: Financial Stability Report Their rising operational interconnectedness with financial incumbents through outsourcing partnerships also enhances risks to financial stability. 3 years agoJune 30, 2022
Bad loans of banks expected to decline further to 5.3 pc by March 2023: RBI report “At the bank group level too, the GNPA ratios may shrink by March 2023 in the baseline scenario,” it said. 3 years agoJune 30, 2022
NARCL seeks to avert licence renewal with bid for one account Banks are required to run Swiss challenge auctions while selling bad loans to ARCs. In NARCL’s case, the bids submitted… 3 years agoJune 29, 2022
Bank Holidays in July 2022: Banks closed for up to 14 days in various cities in July; check list Banks in India are likely to be shut for up to 14 days in July 2022, including second and fourth… 3 years agoJune 29, 2022
The UPI surge Unified Payments Interface (UPI) is the most preferred payment mode among individuals, with a person-to-merchant (P2M) market share of 64%… 3 years agoJune 28, 2022
Government mulls entire stake sale in two banks to woo investors NITI Aayog has already recommended the privatisation of Indian Overseas Bank (IOB) and Central Bank of India (CBI), although the… 3 years agoJune 28, 2022
PSBs seek relief on provisioning for treasury losses in Q1FY23 Lenders have approached RBI officials on a one-on-one basis over the last few days. 3 years agoJune 29, 2022
Bank deposit growth moderated to 10 pc in March 2022: RBI data The data showed that consistent with the monetary and liquidity conditions, interest rates on term deposits moderated further during fiscal… 3 years agoJune 28, 2022
Punjab & Sind Bank launches a slew of products Swarup Kumar Saha, MD & CEO, said apart from other IT-related initiatives, the bank has launched a special PSB Grih… 3 years agoJune 28, 2022
Infrastructure push, PLI to drive up working capital demand in India: Standard Chartered Bank’s Michael Spiegel We have seen less of an impact of this war-related supply chain disruption than we have from the general supply… 3 years agoJune 27, 2022
Indian banks’ profitability seen rising in FY23: Moody’s The correlation between rising interest rates and profitability is strongest for India, the agency said. 3 years agoJune 28, 2022
Credit card spends bounce back in May The credit card spending rose 118% on year while the number of transactions grew by 77% on year to 238… 3 years agoJune 28, 2022
Loan disbursal to MSME sector grew 182% vs pre-pandemic period: Report The average ticket size of MSME loans grew to Rs 72.4 lakhs from Rs 37.7 lakh in FY20, translating to… 3 years agoJune 25, 2022
RBI doubles limit on home loans issued by urban cooperative banks “Taking into account the increase in housing prices since the limits were last revised and considering the customer needs, it… 3 years agoJune 23, 2022
RBI norms for IT services outsourcing by banks and financial entities “Outsourcing of any activity of the RE (regulated entity) shall not diminish its obligations as also of its board and… 3 years agoJune 23, 2022
Urban co-op banks need to focus on symmetric development, adopt modern banking methods: Amit Shah He emphasised on the reforms in urban cooperative banks and asked them to make structural changes, computerise accounting processes and… 3 years agoJune 23, 2022
Explainer: Regulating Fintechs The rule appears to be aimed at reining in lending activity by fintechs via NBFCs and probably stems from concerns… 3 years agoJune 23, 2022
Biggest banking fraud of Rs 34,615 crores: CBI files fresh case against DHFL’s erstwhile promoters Wadhawans When DHFL was hit by an investigation in January 2019 after media reports on allegations of siphoning of funds surfaced,… 3 years agoJune 23, 2022
Paytm expands credit distribution business to focus on higher ticket loans in partnership with large banks, NBFCs
