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Pushpita Dey

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Treasury bill yields jump on tighter banking system liquidity

BUSINESS

Treasury bill yields jump on tighter banking system liquidity

Banking system liquidity turned into deficit for the first time since the pandemic on September 19.

Why is the number of clerks in banks falling drastically?

BUSINESS

Why is the number of clerks in banks falling drastically?

In 2005, clerks and subordinates constituted more than 63 percent of banking employees in scheduled commercial banks; that number fell to nearly 30 percent in 2021.

Interview| SFBs' FD rates to go up further: Suryoday Small Finance Bank MD

BUSINESS

Interview| SFBs' FD rates to go up further: Suryoday Small Finance Bank MD

The gap between credit and deposit growth in 2022 has been the highest in the last three years, says MD R Baskar Babu

Another round of rate hike by RBI may threaten economic recovery, say economists

BUSINESS

Another round of rate hike by RBI may threaten economic recovery, say economists

Despite the government taking several measures and economic activity remaining upbeat so far, the expected rate hike may pose some challenges to the economy, as per economists.

MC Explains| What is RBI’s fraud registry? 5 key questions answered

BUSINESS

MC Explains| What is RBI’s fraud registry? 5 key questions answered

The RBI has announced a plan to create a database of information on various instruments used to perpetuate digital fraud

More banks likely to sell infra bonds for funds, say experts

BUSINESS

More banks likely to sell infra bonds for funds, say experts

Banks are likely to find infra bond sales an efficient and quick way of raising money to fund projects in the face of rising interest rates.

MC Explains: Why RBI is likely to refuse NBFCs exemption from stricter bad loan rules

BUSINESS

MC Explains: Why RBI is likely to refuse NBFCs exemption from stricter bad loan rules

The refusal of the exemption may spike NPAs at NBFCs in the short term, but will help usher in better transparency to the system in the future, say experts.

RBI to alert banks if credit growth is too high, says governor Das

BUSINESS

RBI to alert banks if credit growth is too high, says governor Das

Das said that RBI will suck out excess liquidity to minimize the gap between lending and deposit rates.

8 years of PMJDY: have the poor been liberated yet?

BUSINESS

8 years of PMJDY: have the poor been liberated yet?

PMJDY has brought the rural poor within the ambit of the banking system but issues like digital illiteracy, growing dormant accounts, and lack of debit cards continue to plague the financial inclusion programme

Privatisation may make banks more efficient, but will compromise on social objectives, says former RBI governor D Subbarao

BUSINESS

Privatisation may make banks more efficient, but will compromise on social objectives, says former RBI governor D Subbarao

The cost-benefit calculation of privatisation is net- positive because India should not be using the banking system to drive social objectives and turn instead to other instruments of policy, Subbarao says.

NPA problem: Is the worst over for PSBs? Five key questions answered

BUSINESS

NPA problem: Is the worst over for PSBs? Five key questions answered

Banks have been able to recover their NPAs much better in the last quarter compared to the previous quarters with the help of strategies like IBC, OTS, and sale to ARCs, say analysts.

What is EASE and how will it impact Regional Rural Banks?

BUSINESS

What is EASE and how will it impact Regional Rural Banks?

The Centre has turned its attention to reforming Regional Rural Banks (RRBs), asking the IBA to replicate reforms implemented in state-run banks. The focus initially will be on digitization of rural banking.

Interview |Bank privatization will reduce long-term loan exposure, says former chief statistician

BUSINESS

Interview |Bank privatization will reduce long-term loan exposure, says former chief statistician

Instead of privatization, the government should immediately implement a European model in India that will allow banks to raise money in the capital markets for lending purposes, says Pronab Sen

MC Explains | DICGC to pay depositors of 17 cooperative banks, experts say it brings no relief

BUSINESS

MC Explains | DICGC to pay depositors of 17 cooperative banks, experts say it brings no relief

According to activists, a refund of a maximum of Rs 5 lakh won’t bring much relief to depositors

New digital lending norms to ring in changes in operating model of NBFCs, say experts

BUSINESS

New digital lending norms to ring in changes in operating model of NBFCs, say experts

New norms are mostly customer-centric but fail to address issue created by apps that don’t have a regulated entity backing them

24% growth in microfinance sector in Q1 FY23, highest contribution from NBFCs: Sa Dhan

BUSINESS

24% growth in microfinance sector in Q1 FY23, highest contribution from NBFCs: Sa Dhan

The average ticket size of loans disbursed increased by over 2 times on y-o-y basis

WPI inflation dips to five-month low in July; five takeaways

BUSINESS

WPI inflation dips to five-month low in July; five takeaways

The slight drop in WPI inflation is unlikely to have an immediate impact on CPI, considering India’s borrowed inflation, say economists

Explained: Why there is better policy transmission in the MCLR regime vs base rate regime

BUSINESS

Explained: Why there is better policy transmission in the MCLR regime vs base rate regime

Policy rate transmission is higher in the MCLR regime and it is beneficial for the end customers, say economists

Rise in foreign liabilities of mutual fund companies led to better foreign investment in India, say industry experts

BUSINESS

Rise in foreign liabilities of mutual fund companies led to better foreign investment in India, say industry experts

Foreign assets of MF companies increased by $3.6 billion during the year on the rise in equity holdings, to $6.5 billion in March 2022.

India’s home loan market set to double in next 5 years: SBI

BUSINESS

India’s home loan market set to double in next 5 years: SBI

According to analysts, the fear of further rate hikes and loosing out the opportunity to buy properties will drive the customers to invest in homes.

MC Explains: Why the RBI penalised Spandana Sphoorty, 8 other financial institutions

BUSINESS

MC Explains: Why the RBI penalised Spandana Sphoorty, 8 other financial institutions

Various cooperative banks from Maharashtra and a few others have been fined for violating norms, mostly with regard to KYC

RBI Monetary Policy | Rupee has depreciated in an orderly fashion, says RBI governor Das

BUSINESS

RBI Monetary Policy | Rupee has depreciated in an orderly fashion, says RBI governor Das

Rupee depreciation is more due to USD appreciation rather than any internal macroeconomic factors, said Das

Exclusive Interview | War against NPAs to continue, bad loan recovery target is Rs 2,500 crore in FY23, says Punjab & Sind Bank MD

BUSINESS

Exclusive Interview | War against NPAs to continue, bad loan recovery target is Rs 2,500 crore in FY23, says Punjab & Sind Bank MD

The state-run lender wants to lower its gross NPA ratio to below 10 percent and net NPA ratio to less than 2 percent by March

No advice from PM's Economic Advisory Council on bank privatisation: Finance Ministry

BUSINESS

No advice from PM's Economic Advisory Council on bank privatisation: Finance Ministry

Neither SBI nor all other PSBs will be privatised in near future, Finance Ministry clarified in Parliament.