BUSINESS
Digital payments in India to reach saturation point by FY27: CLSA
Digital payments at saturation point will only trigger innovation and technological advancements, experts said
BUSINESS
RBI may not introduce FCNR swap window as forex reserves comfortable, say experts
In September 2013, then RBI governor Raghuram Rajan announced measures to bolster forex reserves and stabilise the rupee. These steps garnered $34 billion
BUSINESS
More private banks are offering unsecured loans. Here's why
Private banks prefer to disburse unsecured loans as these have better profit margins. But the banks need to have proper credit appraisal mechanism and risk management system in place, say analysts.
BUSINESS
There should be a level playing field between online and offline lending, says BankBazaar CEO
Adhil Shetty, CEO, BankBazaar spoke about technological advancement, role of fintech firms in banking, and other aspects of digital banking
BUSINESS
NITI Aayog flags problems with neobanking model, says credibility on line
NITI Aayog has identified revenue generation, infrastructure and lack of regulatory framework as some of the challenges
BUSINESS
FM reiterates Govt’s intent to privatise public sector banks in response to parliament question
The details of the final list of PSUs in each of the strategic sectors that will not be disinvested or privatised but retained by the Government
BUSINESS
Five reasons why rupee can depreciate further, may fall below 80 per dollar
Dollar supremacy, likelihood of further rate hike by US Fed and other geopolitical factors are likely to push the exchange rate below 80 against the US dollar, say experts
BUSINESS
How will the rise in FCNR(B) rates affect bank financials?
While the move is expected to spark a surge in foreign currency deposits, the hike in rates could affect banks' profit margins as their cost of funds may end up rising.
BUSINESS
MC Explains: Why India’s forex reserves fell to the lowest level in over 14 months
With geopolitical tension growing due to the Russia-Ukraine war and a surging dollar index, the country’s forex reserve had gone down significantly by the end of June.
BUSINESS
Explained: What floating FD rates mean for banks and customers
Floating rate fixed deposits have been introduced by a few banks but analysts say that it is unlikely many others will follow suit as it could affect profitability.
BUSINESS
Privatisation will enable better governance, lead to more credit creation: Former CEA KV Subramanian
When there is a 100-bps increase in policy rate, banks transmit that as the rates on borrowing or to the borrowers almost entirely, but if there's a 100-bps cut in policy rate, that does not get transmitted, said Subramanian.
BUSINESS
RBI measures to protect rupee to enthuse NRIs, but no immediate effect likely: Experts
It is a win-win scenario for both banks and NRIs, but the visible impact won’t be immediate, say analysts. The relaxation of deposit rates will also have a positive impact on NRI deposit inflows, as banks will offer higher rates of interest
BUSINESS
Further privatisation of banking sector feasible, but needs more than 10 years, say experts
With the government likely to introduce a bill in the upcoming session of Parliament, it is likely more banks may get privatised but the government first needs to improve its track record on meeting disinvestment targets, according to analysts and bankers.
BUSINESS
RBI’s new regulatory norms give MFIs a lot of freedom and flexibility, says Sa-Dhan CEO
Lenders can innovate on the product itself but proper credit assessment is important, says Jiji Mammen, newly appointed Executive Director & CEO, Sa-Dhan
BUSINESS
Union and IBA to meet soon, banks favouring enhanced work-life balance
With technological support, the WFH facility was offered to employees during the pandemic and even now is in force in some banks as part of their risk mitigation and business continuity plans.
BUSINESS
Bandhan Bank share price sinks on Assam flood worries
Due to the flood situation in the Northeast and growing NPAs, the decline in the stock was expected, say analysts
BUSINESS
GST at 5: Accountants still confront major issues in filing returns
Chartered accountants struggle in filing GST returns five years after the introduction of the tax, billed as the single biggest taxation reform in independent India.
BUSINESS
Sa-Dhan appoints Jiji Mammen as Chief Executive Officer
Sa-Dhan board's decision comes a few weeks after the demise of executive director and CEO P Satish
BUSINESS
Impact of the Federal Reserve rate hike on India’s economy
The Federal Reserve has raised its key interest rate by 75 basis points, the biggest increase since 1994, in an attempt to rein inflation. Economists say the move will have an adverse impact on the Indian economy. Moneycontrol explains how in five points.
BUSINESS
Who are the new RBI central board members?
The newly appointed non-official directors on the central board of the Reserve Bank of India are top industry leaders and have been a part of several international bodies.
BUSINESS
Explained: What a falling rupee means for the Indian economy
Despite its depreciation, the rupee has been an outperformer in the current financial year, say analysts.
BUSINESS
CPI inflation dips to 7.04% in May; 5 takeaways
The slight drop in retail inflation offers only a temporary relief, say economists
BUSINESS
Govt likely to call expressions of interest for IDBI Bank sale in July: Official
The government owns 45.48 percent of equity of the lender while LIC, currently the promoter of IDBI Bank with management control, owns 49.24 percent
BUSINESS
RBI Monetary Policy : New measures introduced for co-operative banks
RBI governor mentioned that these new measures will ensure better credit flow to the housing sector.
