Page 8 - Indian Banking System

Banks ready systems for capturing int'l credit card spends under LRS

Last year the government had announced that credit card spends in a foreign currency will be a part of LSR's annual limit of $2,50,000

NBFC's mission to diversify funding may see them struggle in the quest

Mint Road's nudge to NBFCs to diversify their funding will change the game. NBFCs claim they have been caught off guard, but the issue was flagged by RBI Governor

Growing fast, fintech needs a way to keep watch on itself

Global banking generated $6.5 trn as revenue in 2022: Fintech had 5% of the same. But by 2028, fintech revenues are expected to grow three times faster

6 in 10 find hidden charges on online banking platforms, shows data

The survey received over 44,000 responses from users of online banking located in 363 districts of India. Its findings are related to 'dark patterns'

RBI steps up scrutiny of retail lending, targets top-up home loans

The scrutiny marks a change for the central bank, which recently said India's credit expansion did not point to building systemic stress

Indian bankers to get higher salary hikes than Singapore, Hong Kong

Salaries in India could rise by 10% in 2024, analyst Sarah Jane Mahmud wrote in a note Friday, citing survey data from consulting firm Aon

Axis Atlas credit card fiasco: How to avoid your rewards from being blocked

The bank has sent a web link in the mail, allowing users to submit invoices, online

Pages from the diary of a woman PSU banker

Last Friday, the banker offered me the pages from her 2023 diary, taking time out from Women's Day celebrations with her friends

Monitor end use of funds for business cards, says Reserve Bank of India

No need to approval for co-branded cards

RBI may undertake comprehensive review of architecture of payment banks

Governance standards, viability of biz among priorities

Liquidity deficit narrows to less than Rs 1 trn as govt spending picks up

Liquidity may not improve immediately as tax outflows of around Rs 1.25 trn are scheduled in March, says one expert

The good times will last longer, says public sector bank CEOs panel

Bandyopadhyay spoke on the situation's sustainability with some of India's leading PSB chiefs

RBI receives bids worth Rs 2.08 trillion at the 13-day VRR auction

RBI will conduct a 3-day VRR auction on February 26 to infuse Rs 1.5 trillion into the system

BoB raises Rs 2500 cr via Tier-II bonds at 7.57%, surpasses mkt estimates

Robust demand from investors for long tenure paper due to softer rate expectation

The new challenge on the banking turf

Raising deposits to keep pace with loan growth and keeping credit cost low top the agenda for banks

RBI extends Paytm Payments Bank restriction deadline to March 15

The earlier deadline was Feb 29

RBI conducts 2 VRR auctions to infuse liquidity into banking system

The liquidity deficit in the system widened to Rs 1.96 trillion on Sunday

RBI slams microfinance institutions for charging higher rates to borrowers

In 2021, the RBI had given full freedom to entities on interest rates to be charged for microloans by lifting the interest rate cap of 24 per cent put earlier

Banking crisis most infamous legacy of UPA government: White Paper

"Worse, even that high percentage of bad debts was an underestimate," the paper said

UPI payments failing amid server outages; NPCI working with banks

Regret inconvenience on UPI connectivity as few of the banks are having some internal technical issues, NPCI said in a statement