Page 460 - Finance News
RBI's fourth regulatory sandbox cohort is on prevention of financial frauds
The RBI has also decided to facilitate on-tap applications for themes of cohorts earlier closed
 "RBI's fourth regulatory sandbox cohort is on prevention of financial frauds")
RBI monetary policy: Report pegs FY23's economic growth at 7.8%
Survey shows inflation to soften further
 "RBI monetary policy: Report pegs FY23's economic growth at 7.8%")
RBI begins policy normalisation; maintains status quo on rates
Retains accommodative stance, FY22 growth forecast; lowers inflation projection
 "RBI begins policy normalisation; maintains status quo on rates")
Seasoned banker with a plan: Meet Rajneesh Sharma, administrator, Srei
The important aspect of any lender is collections and repayment of dues. Sharma joined the bank as an advisor for the recovery. His experience in recovery will come in handy for the Srei group
 "Seasoned banker with a plan: Meet Rajneesh Sharma, administrator, Srei")
Loan scam: CBI charge sheet against ex-Yes Bank MD Rana Kapoor, wife
The CBI has filed a charge sheet against former Yes Bank managing director and CEO Rana Kapoor, his wife Bindu and promoter of Avantha Group Company Gautam Thapar
 "Loan scam: CBI charge sheet against ex-Yes Bank MD Rana Kapoor, wife")
Industrial loan growth turns negative in 2020-21 due to Covid: RBI data
Industrial loan growth, which has been decelerating during the last decade, turned negative for the first time during 2020-21 as economic activity slowed down in the aftermath of the Covid-19 pandemic
 "Industrial loan growth turns negative in 2020-21 due to Covid: RBI data")
Bank of Maharashtra launches digital lending platform for home, car loans
State-owned Bank of Maharashtra on Friday said it has launched a digital lending platform for its home and car loan customers.
 "Bank of Maharashtra launches digital lending platform for home, car loans")
'Don't want to rock the boat': What MPC said after keeping rates unchanged
At the moment, G-SAP is not required but going forward, the G-SAP option, together with options of 'operation twist', and 'open market operations' are very much on the table.
 "'Don't want to rock the boat': What MPC said after keeping rates unchanged")
Reviewing scheme to penalise banks for dry ATMs, says RBI
The scheme, which is aimed at ensuring availability of sufficient cash for the public through ATMs, has come into effect from October 1, 2021.
 "Reviewing scheme to penalise banks for dry ATMs, says RBI")
RBI dy guv says big tech's financial sector play in India under watch
Both Google Pay and Amazon have announced partnerships with lenders to accept deposits in the country through their mobile phone apps.
 "RBI dy guv says big tech's financial sector play in India under watch")
RBI keeps all liquidity windows for states open till Mar-end
Since the beginning of tpandemic and resultant higher borrowings, states have been paying higher interest to their bondholders trending close to 7 per cent all so far this fiscal.
IMPS limit to be increased from Rs 2 lakh to Rs 5 lakh: RBI Governor
In addition, the Reserve Bank also proposed to introduce a framework for retail digital payments in offline mode across the country
 "IMPS limit to be increased from Rs 2 lakh to Rs 5 lakh: RBI Governor")
Monetary policy highlights: Growth not at pre-pandemic level yet, says RBI
RBI Monetary policy highlights: RBI announcement comes against the backdrop of Covid-19 infections receding in recent days and the economy stablising. Stay tuned for all the LIVE updates
 "Monetary policy highlights: Growth not at pre-pandemic level yet, says RBI")
RBI keeps rates on hold to support recovery, 'sail towards normal times'
Repo rate and the reverse repo rate remain unchanged at 4% and 3.35%
EXIM Bank plans to raise about $1 billion through bonds in January
Looks to transfer nine a/cs worth Rs 780 crore to NARCL
 "EXIM Bank plans to raise about $1 billion through bonds in January")
Fintech's 'buy now, pay later' credit for kiranas is changing livelihoods
Even small shops can now access large and organised wholesalers, as they buy credit responsibly.
 "Fintech's 'buy now, pay later' credit for kiranas is changing livelihoods")
Small ticket personal loans delinquencies shoot up in FY21, NBFCs most hit
Small ticket personal loans segment has witnessed a huge surge in asset quality stress for lenders in the pandemic-affected FY21, with NBFCs taking the maximum brunt
 "Small ticket personal loans delinquencies shoot up in FY21, NBFCs most hit")
Banks need to accelerate green lending for sustainable growth: SBI chief
Banks have always been the backbone of India's economic growth and as the country pivots to sustainable growth, the banking sector will have to accelerate green lending, said SBI Chairman Dinesh Khara
 "Banks need to accelerate green lending for sustainable growth: SBI chief")
State-run Bank of Baroda reduces home loan rates by 25 bps to 6.5%
State-run Bank of Baroda on Thursday said it has reduced its home loan rate by 25 basis points (bps) to 6.50 per cent from 6.75 per cent.
 "State-run Bank of Baroda reduces home loan rates by 25 bps to 6.5%")
RBI to keep key interest rates unchanged: HDFC Bank chief economist
The Reserve Bank is likely to leave the key interest rates unchanged at its fourth bi-monthly policy review, according to HDFC Bank Chief Economist Abheek Barua
 "RBI to keep key interest rates unchanged: HDFC Bank chief economist")