Page 12 - Banking System

Currency creation

RBI should be careful in launching a digital currency

Bank of England to crack down on 'secretive' cloud computing services

The BoE said cloud computing could sometimes be more reliable than banks hosting all their servers themselves

How Bhavin Turakhia is building a 'bank in a box' stack for global markets

His firm Zeta aims to enable users to run any program--credit or debit card, savings a/c, deposits, loans, on a single modern cloud native platform without having to leverage any other vendor

Judicious decision

SC judgment will end uncertainty in the banking system

Reserve Bank imposes Rs 2 crore penalty on SBI for contravention of norms

RBI imposed a penalty of Rs 2 crore on State Bank of India (SBI) for contravention of norms, including specific directions to the lender on remuneration to its employees in the form of commission.

Privatisation of banks: The sequencing must be right

It would be naïve to read the recent Union Budget announcement on privatisation of two public sector banks as a signal of the government's intent to altogether exit the banking sector. That is not goi

Banks, brokers get most complaints for mis-selling insurance products

In 2018-19, banks received more than 12,000 mis-selling complaints; brokers close to 11,000. The number was even higher in FY18.

BS Policy poll: Pause for sure, liquidity to be back in focus at RBI

The apex bank would still like to drain out some liquidity while managing yields through OMO or operation twist, to fend off inflation, especially when rate hikes seem distant

Longer tenure bond funds top the returns charts in 2020, shows data

The Reserve Bank of India (RBI) continued its easy monetary policy in 2020 by cutting policy rates and infusing liquidity into the banking system

The power of forward guidance

The point of dissonance is, however, regarding the surplus liquidity sloshing around the banking system and the fear that it might endanger financial stability

Push Rupay as first option, seed accounts with Aadhaar by Dec: FM to banks

Retired bank employees should not be forgotten; bankers should be a cohesive family such as in defence, says Sitharaman

Book excerpt: How RBI under Raghuram Rajan started the war against NPAs

The RBI found that the banks were delaying recognising large accounts as NPAs, even if projects were not starting up, and the 'project commencement' milestone was largely cosmetic

Fin sector must reduce reliance on banking system for fundraise: Sebi chief

t would be a challenging task to achieve the government''s target of having Rs 100 trillion investments in infrastructure by 2024-25 unless the bond market is adequately developed, Tyagi added

Rs 11.1 trillion: Amount RBI pumped into banking system to boost liquidity

It pared repo rate by 40 bps on May 22, on top of a 75 bps cut on March 27, brought liquidity enhancing steps that stabilised bond yields even in the face of a Rs 12 trn borrowing programme

Govt to bear interest on interest for small borrowers during moratorium

Any individual whose loan amount is less than Rs 2 crore will be eligible for waiver of the compounding of interest.

Ind-Ra cuts banking outlook to negative on rising NPA, credit cost

As per Ind-Ra's bear case, the spike in stressed assets due to pandemic is expected to double the credit costs for banking system

Indian-American bank president pleads guilty in $17-million fraud

An Indian-American president of a now-defunct New Jersey-based marble and granite wholesaler has admitted his role in scheming to defraud a bank in connection with a $17 million secured line of credit

Banks lower revenue outlook as coronavirus pandemic crimps loan demand

Bank of America, the second-largest US bank by assets, said it found little appetite for new loans when it surveyed its corporate clients twice this year

Huge liquidity surplus unlikely to be inflationary, say economists

Instead of pushing up inflation, the huge surplus liquidity, bordering at Rs 7 trillion daily, is helping in policy rate transmission and aiding govt to borrow at a cheaper rate

Rs 1.51 tn disbursed to MSME sector under emergency credit plan, says govt

There has been a big jump in the sanctions in the last 15 days, says finance ministry.