BUSINESS
RBI Policy: Interest rate set to go up later this year, say experts
Though the MPC has kept the rates unchanged yet again, there are clear signs of a gradual tightening, going forward
BUSINESS
Explained: What is SDF, and how can it improve the banking system?
The reverse repo rate was a collateralised facility while the SDF is a non-collateralised one
BUSINESS
Merger of HDFC twins may drive up competition in housing finance market, say experts
Analysts and other housing finance companies are of the opinion that the merger will lead to a larger customer base, leveraging distribution across urban, semi-urban and rural geographies
BUSINESS
HDFC merger likely to benefit investors and the banking system, believe analysts
According to analysts, this merger will be equally beneficial for both customers and the bank.
BUSINESS
Axis Bank to onboard more than 3,500 Citibank India employees, says MD
The $1.6 billion transaction comprises sale of the consumer banking businesses of Citibank India.
BUSINESS
It's time for Indian banks to adopt cryptos and reap the benefits, with proper monitoring: Wazir X CEO
Nischal Shetty, CEO of Wazir X, talks about how crypto can have an influence on Indian banking system, provided RBI has proper guidelines for crypto too, like other banking activities
BUSINESS
Microlending picked up in December, stress declined, shows MFIN data
There has been a spike in the number of outstanding loans, on the back of a rise in loans disbursed.
BUSINESS
Availing certain banking facilities continues to be a challenge for LGBTQA+ community
India is yet to allow registering of marriages in the LGBTQA+ community, and this poses hurdles for such couples in terms of availing loans or opening accounts jointly as partners.
BUSINESS
India’s GDP growth may be fastest in Asia-Pacific in FY23: S&P Global
The central bank may revise the policy rate in India to 5.25 percent to combat inflation, according to the report
BUSINESS
Twitter flooded with grievance posts as ICICI net banking customers face glitch
Even in September 2021, there was downtime on the ICICI Bank website for a couple of hours.
BUSINESS
ICICI Bank customers face glitches on ICICI net banking, mobile app
Customers of ICICI Direct too complained of issues in the online, mobile platforms.
BUSINESS
Banks dominate microfinance industry with over 35% share, says report
The eastern region has the highest dominance by banks, although Tamil Nadu has the highest number of borrowers dealing with multiple lenders.
BUSINESS
Policy changes to help revive economy also have trade-offs, says RBI paper
It may be important to fine-tune demand revival policies with appropriate and calibrated supply-side reform measures to achieve an optimal policy mix
BUSINESS
Banks trim lending to students, fearing high defaults
Students are struggling to get jobs after completing their courses on account of factors such as the impact of the pandemic and the ongoing Russia-Ukraine war and this is affecting their ability to repay loans.
BUSINESS
Indian banks unprepared to tackle climate-related challenges, says report
The study has revealed that hardly any bank has an exclusion policy that prohibits lending for the construction of new coal power plants or the extension of an existing one.
BUSINESS
Our approach has always been going beyond the rule book: RBI Governor Das
As regards the current economic situation given geopolitical tensions and the COVID-19 pandemic, the governor said it won’t be the right time to comment on the monetary policy as the situation may change in a few days.
BUSINESS
Rupee to depreciate to 77.5/dollar in March 2023, Crisil predicts
The RBI’s liquidity management measures may have an adverse impact on the Indian currency, leading to its depreciation, according to Crisil.
BUSINESS
RBI sees LIC public issue as a chance to deepen markets, says correct timing is crucial
Over one-third of the LIC shares to be offered are reserved for retail investors and their response will be critical for the IPO, according to the authors of an article published in the RBI bulletin
BUSINESS
Russia-Ukraine war an opportunity for rupee's internationalisation: SBI's Ghosh
India should use political stability at home and the Russia-Ukraine war as an opportunity to reach trade agreements with countries like Russia that could bypass the dollar, says SBI group chief economic adviser Soumya Kanti Ghosh
BUSINESS
RBI imposes monetary penalties on eight co-operative banks
The highest penalty worth Rs 4 lakh has been imposed on Nabapalli Cooperative Bank, Barasat, West Bengal
BUSINESS
Some SBI customers complain of digital outages on mobile platform
A day after SBI announced the revamping of their mobile apps, many customers tweeted about several glitches online and even complained about losing money due to server error.
