Page 454 - Finance News

FM Sitharaman to lead a team of secretaries for discussions at GIFT City

Talks are likely to revolve around role of GIFT-IFSC as a gateway to global financial services for Indian companies, attracting global financial business to India, and growth as a fintech global hub

Amid Covid, diversification remains even more elusive for Bandhan Bank

Even after seven years of operations, Bandhan's concentration on micro loans remains high

Understanding fixed and recurring deposits in banks

Before the equity market, mutual funds and other investment options became household names, FDs and RDs were considered the safest mode to park money. Let us decode them in this segment

Govt to set up working groups to prepare action plan: Bank officials

Finance ministry is likely to constitute working groups which will define action plans that will be aimed at providing seamless credit flow to various sectors, bank executives said

RBI working group warns on digital lending by big tech players

The working group has recommended the formation of a nodal agency & SRO for digital lending apps

Google to chip in Rs 110 cr for MSME lending project in pact with Sidbi

Sidbi anchors programme for micro enterprises with loans up to Rs 1 cr at subsidised interest rates

RBI panel suggests separate law to prevent illegal digital lending via apps

Seeking to safeguard the interest of customers, a Reserve Bank working group has suggested enactment of a separate legislation to prevent illegal digital lending through apps.

RBI report urges new nodal agency, SRO, law to ban illegal digital lending

Says balance sheet lending through DLAs should be restricted to entities regulated by RBI or entities registered under any other law for specifically undertaking lending business

Punjab National Bank raises Rs 1,919 crore via Basel compliant bonds

State-owned Punjab National Bank said it has raised Rs 1,919 crore by issuing Basel compliant bonds

Banking sector strong today due to current regime's reforms: PM Modi

Banks have to adopt a partnership model and reach out to their customers in a proactive manner, Modi said

Over Rs 5-trn recovery made by banks from stressed loans, says PM Modi

PM Modi emphasised that the banking sector must take advantage of the big reforms and schemes as well as the big pool of data that has been created in the country

Karnataka sets up fintech task force with Razorpay, Zerodha founders

The task group will work towards creating a roadmap for the growth of the industry, identifying the opportunities and challenges faced by the fintech ecosystem

Big technology platforms like Google no threat to banks, say experts

Google has a customer interface feature and the Unified Payments Interface (UPI) is a feature for mobile to mobile payment

Bank credit grows at 7.14%, deposits at 11.42%, shows RBI data

Bank credit grew by 7.14 per cent to Rs 111.64 lakh crore and deposits increased by 11.42 per cent to Rs 160.49 lakh crore in the fortnight ended November 15, 2021, RBI data showed.

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

Differences abound in global, India inflation drivers, say experts

Say, overall, inflation unlikely to be a major worry in India, except for food inflation

Banks' strategies, business models under RBI lens: Shaktikanta Das

Boards' role in challenging management proposal critical: 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

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