Page 451 - Finance News
Pilot launch of RBI digital currency set for Q1 of FY23: Senior official
RBI is checking if intermediaries can be bypassed totally, and is also exploring the level of centralisation or decentralisation of the technology
 "Pilot launch of RBI digital currency set for Q1 of FY23: Senior official")
Differences abound in global, India inflation drivers, say experts
Say, overall, inflation unlikely to be a major worry in India, except for food inflation
 "Differences abound in global, India inflation drivers, say experts")
Banks' strategies, business models under RBI lens: Shaktikanta Das
Boards' role in challenging management proposal critical: Das
 "Banks' strategies, business models under RBI lens: Shaktikanta Das")
When RBI warns about something, listen: Governor Das on cryptocurrencies
In his speech, the RBI governor had alarmed a few bankers, especially the private ones, by stating the RBI is watching closely banks driven solely by profit motive
 "When RBI warns about something, listen: Governor Das on cryptocurrencies")
Closely monitoring business models, strategies of banks: RBI Governor
The central bank is closely monitoring the business models and strategies of banks, Reserve Bank of India Governor Shaktikanta Das said on Tuesday.
RBI Guv wants banks to be investment-ready as recovery gathers momentum
Shaktikanta Das on Tuesday asked banks to be investment-ready when the private Capex cycle picks up, as the pandemic-battered economy is on a strong recovery path
 "RBI Guv wants banks to be investment-ready as recovery gathers momentum")
RBI withdraws over 100 redundant circulars after RRA 2.0 recommendations
RBI had set up Regulations Review Authority (RRA 2.0) in April for a period of one year from May 1, 2021
MFIs' gross loan portfolio dips 1.1% to Rs 2.25 trn at Sep-end: Report
The gross loan portfolio (GLP) of microfinance lenders marginally dipped by 1.1 per cent to Rs 2,25,331 crore in the September quarter, according to a report by Sa-Dhan
 "MFIs' gross loan portfolio dips 1.1% to Rs 2.25 trn at Sep-end: Report")
Banks have weathered Covid-19 shock better than expected: RBI Governor
Gross NPAs and capital adequacy ratios of scheduled commercial banks have further improved in September from June levels
Significant percentage of borrowers prefer securing loan online: Survey
Nearly 40 per cent borrowers showed willingness to move to digital platforms for taking loans: Survey
 "Significant percentage of borrowers prefer securing loan online: Survey")
What lies ahead for microfinance institutions after pandemic disruption?
During the pandemic, small businesses struggled to stay afloat. So were microfinance institutions which lend them money. As businesses are gathering momentum again, here's how the sector is doing
 "What lies ahead for microfinance institutions after pandemic disruption?")
NBFC Q2 loan sanctions up 17% YoY, personal loans up 90%: Report
Capex loan sanctions still in negative territory
 "NBFC Q2 loan sanctions up 17% YoY, personal loans up 90%: Report")
India better positioned to face external shocks: RBI deputy governor Patra
India is better positioned to face external shocks emanating from increasing geopolitical tensions, the aftermath of the Covid and the inevitability of climate change, Michael Debabrata Patra said
 "India better positioned to face external shocks: RBI deputy governor Patra")
RBI unions to step up stir with mass casual leave on Nov 30 over wage deal
In its communication, the unions said they have "exhausted all avenues of peaceful solution", and unanimously decided to start their agitation process from Tuesday
Has cryptocurrency become too 'mainstream' in India to be banned?
Considering cryptos' growing popularity among millennials and the sector's employment potential, can India realistically completely ban - or even partially ban - the technology? Let's understand
 "Has cryptocurrency become too 'mainstream' in India to be banned?")
What is e-RUPI and how can it plug leakages in direct benefits transfer?
The govt recently launched e-RUPI vouchers to transfer the benefits of its welfare programmes. A person- and purpose-specific digital payment system, it does not require beneficiaries to a smartphone
 "What is e-RUPI and how can it plug leakages in direct benefits transfer?")
SIDBI launches second window of Swavalamban Challenge Fund
Small Industries Development Bank of India (Sidbi) on Monday said it has launched the second window of Swavalamban Challenge Fund (SCF) with Green Bharat as prioritised theme.
 "SIDBI launches second window of Swavalamban Challenge Fund")
RBI remains net purchaser of US dollar in September, says report
The Reserve Bank of India (RBI) remained net buyer of the US currency in September 2021, after it purchased USD 791 million on the net basis from the spot market, RBI data showed
 "RBI remains net purchaser of US dollar in September, says report")
RBI's integrated ombudsman scheme aims for seamless redress of grievances
Scheme to offer cost-free redress of complaints about 'deficiency' in services rendered by entities regulated by RBI, if not resolved to customers' satisfaction or not replied within 30 days
Will RBI's Retail Direct scheme spur retail investor interest in bonds?
The RBI has launched RBI-RD, allowing retail investors to directly invest in govt securities. Will this make the bond market exciting for retail investors? Analysts seem cautious
 "Will RBI's Retail Direct scheme spur retail investor interest in bonds?")