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Officials hope tough regulations could eventually let NBFCs into banking

Draft amalgamation scheme insensitive and a cruel joke: PMC depositors

Yes Bank net advances up by 4% to Rs 1.76 trn by Dec-end

Bank of Maharashtra's loan book grows 23% to 1.29 trn in Dec quarter

HDFC Bank's loan book grows by 16.4% to Rs 12.6 trn in December quarter

Three small, mid-sized banks post 4.9-12% credit growth in Dec quarter

India digital loan apps blamed for mafia-like collection tactics, suicides

Bad loans of small finance banks may go up 70-80 bps by FY22-end

Three private life insurers increase term plan rates by 10-30%

NEWS

Govt's steps to ease NBFC liquidity crisis too short-term: Fitch report

The report, however, said NBFCs will benefit more from the Rs 70,000 crore recapitalisation of state-owned banks, which will increase their ...
Banks hire scores of oversight agencies to keep tabs on end-use of loans
After rising 1,500%, IndusInd bets on microfinance firm buy to extend gains
IOB's June quarter loss narrows to Rs 342 cr, from Rs 919 cr last year
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FEATURES

Insurance products preferred financial tools to meet future goals: Survey

Insurance products emerged as the preferred choice of investments for parents, as they consider these as low-risk and reliable financial tools ...
LIC's tepid show pulls life insurers' new business premium down 5% in Oct
18% GST on insurance premium is atrocious: Former IRDAI member Nilesh Sathe
BFSI Insight Summit: Privatisation has to be path-dependent, say panelists
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10% Yield

MONEY & FOREX

Photo: Brent Lewin/Bloomberg

Rupee settles 3 paise up at 74.26/USD in first trading session of 2022

Meanwhile, the dollar index, which measures the greenback's strength against the basket of six currencies, advanced 0.11 per cent to 95.77
Rupee starts 2022 on muted note, falls 14 paise to 74.43 against US Dollar
Forex reserves decrease by $587 million to $635.08 billion
Rupee ends 2021 on positive note; settles 13 paise higher against US dollar
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RBI POLICY

RBI, Reserve Bank of India

RBI wants digital currency included under definition of 'bank note': FinMin

RBI is working out a phased implementation strategy for introduction of Central Bank Digital Currency with little or no disruption
Officials hope tough regulations could eventually let NBFCs into banking
RBI imposes monetary penalty of Rs 1 crore on State Bank of India
RBI's retail direct, integrated ombudsman schemes off to a good start
» More

Banking Data

Instrument	03/01/2022	1 year ago
Call Rate	3.25	3.35
5 yrs GSec	5.83	5.12
10 yrs GSec	6.47	5.87
Bank rate	4.25	4.25
PLR	11.00/15.75	11.00/15.75
Deposit rate	4.90/5.60	4.90/5.50

COLUMNISTS

Making Sashakt stronger Deep Narayan Mukherjee

Realism essential for a successful plan to resolve bad debt

EDITORIAL COMMENT

Under scrutiny

Auditors need to be reined in, but not through over-regulation

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