Tuesday, Dec 26, 2023
interest rates, NRI deposits, non-resident Indians, deposit schemes, domestic banks, Fresh inflows, Reserve Bank of India, RBI data, foreign currency, indian express news

Flows into NRI deposits double to $6.1 billion in April-October period

December 25, 2023 05:30 IST

Fresh inflows under various non-resident deposit schemes doubled to $6.1 billion in April-October 2023 from $3.05 billion in the same period of the last year, a recent Reserve Bank of India (RBI) data showed.

Reserve Bank of India, alternative investment funds, AIFs regulatory concerns, RBI norms, AIFs, lenders investing in AIFs, NBFCs, Regulated entities, indian express news

RBI tightens norms for lenders investing in AIFs

December 20, 2023 03:49 IST

. Regulated entities (REs) make investments in units of AIFs as part of their regular investment operations. RBI, however, said that certain transactions of REs involving AIFs raise regulatory concerns.

loan write-offs, loan write-offs ERA, asset quality review, RBI Governor Raghuram Rajan, Raghuram Rajan 2015 AQR initiative, State Bank of India, fund asset growth, SBI chairman Dinesh Kumar Khara, Indian banks, indian banking system, indian express news

Write-off era over, asset quality review served banking well: SBI Chairman

December 18, 2023 07:31 IST

Over the last five years, the gross non-performing assets (NPAs) of banks have dropped by almost 46 per cent — from Rs 10.21 lakh crore in fiscal year (FY) 2017-2018 to Rs 5.55 lakh crore by March 2023.

indian economy

When we look around the globe, the Indian economy is doing very best: SBI Chairman Dinesh Kumar KharaPremium Story

December 18, 2023 21:24 IST

Dinesh Kumar Khara says the banking system has learned from past mistakes and lending has become much better and much more informed.

Old Pension Scheme, return of OPS, capital expenditure, Reserve Bank of India, reversion to OPS, interest of future generations, defined benefit scheme, indian express news

Return to OPS by few states would exert huge burden on their finances: RBI

December 12, 2023 04:22 IST

States’ total outstanding liabilities are budgeted to fall to 27.6 per cent of GDP for 2023-24 from the peak of 31 per cent in 2020-21. However, outstanding liabilities may remain higher than 30 per cent of gross state domestic product (GSDP) for many states.

Reserve Bank of India, RBI, monetary policy committee, digital loan, digital loan aggregators, Indian express business, business news, business articles, business news stories

RBI to bring digital loan aggregators under regulation

December 8, 2023 23:39 IST

Digital lenders have been accused of charging high interest rates and using illegal recovery measures. There are hundreds of unauthorised digital lenders which are outside the RBI’s purview.

RBI, Reserve Bank of India, upi payments, UPI payments to hospitals, Indian express business, business news, business articles, business news stories

UPI limit to be Rs 5 lakh when paying hospitals & educational institutes

December 8, 2023 23:27 IST

The central bank has proposed removing the Additional Factor of Authentication (AFA) requirement for transactions up to Rs 1 lakh for the following categories: Subscription to mutual funds; payment of insurance premium; and payments of credit card bills.

FY23 bank loan, bank loan write-offs, large industries, services sector, Scheduled Commercial Banks, Ministry of Finance data, indian express news

Over half of FY23 bank loan write-offs linked to large industries, services sector

December 5, 2023 06:15 IST

The total defaulted loans (including write-offs but excluding loans recovered from write-offs in three years) amount to Rs 10.32 lakh crore, according to back-of-the-envelope calculations.

non-banking finance companies, NBFCs jumps,mutual funds cut exposure, mitigate risks, credit exposure, CareEdge Ratings report, debt assets under management, indian express news

Banks’ exposure to NBFCs jumps 3.8 times from early 2018 levels; MFs cut exposure by 31.4%

December 5, 2023 05:50 IST

MFs’ exposure to NBFCs fell from Rs 2.31 lakh crore in 2018 to Rs 1.58 lakh crore by October 2023.

Sumit Rai, MD & CEO, Edelweiss Tokio Life Insurance

Composite licence can provide customers with comprehensive insurance options: Edelweiss Tokio Life Insurance MDPremium Story

December 4, 2023 09:18 IST

The proposed bill is quite ambitious in its scope and will significantly modernise the legal framework governing the sector.

Surplus liquidity, credit growth, monetary policy transmission, RBI article, RBI monetary policy, EBLR system, bank loans, loan pricing, RBI monthly bulletin, indian express news

RBI bulletin lists factors that helped make monetary policy impactful

November 29, 2023 10:25 IST

Monetary policy in the country moved into a tightening mode in May 2022 amidst inflationary pressures emanating from the conflict in Ukraine, rise in international commodity prices, disruption of supply chains and volatility in global financial market.

unsecured loans, bank portfolios, NBFCS, Care Ratings, special mention accounts, SMA category, overdue, unsecured retail loans, INDIAN EXPRESS NEWS

Over Rs 93,240 crore of stressed unsecured loans in bank portfolios

November 27, 2023 06:15 IST

Banks have been increasing their loan exposure to NBFCs. It has gone up from Rs 7.75 lakh crore in March 2021 to Rs 9.23 lakh crore by September 2022. The Centre for Advanced Financial Research and Learning (CAFRAL), set up by the RBI, had recently raised concern over the rise in the bank financing for NBFCs

reserve bank of india, abhyudaya cooperative bank

RBI supersedes board of Abhyudaya Cooperative Bank for a year, cites poor governance

November 24, 2023 20:34 IST

The regulator has appointed Satya Prakash Pathak, former chief general manager of State Bank of India as administrator to manage the affairs of the urban co-operative bank (UCB) during the 12-month period.

Shaktikanta Das, RBI, Reserve Bank of India, NBFC, NBFC sector, small unsecured loans, Indian express business, business news, business articles, business news stories

RBI tightening: Bankers blame ‘high’ NBFC exposure to small unsecured loansPremium Story

November 24, 2023 12:46 IST

RBI Governor Shaktikanta Das had said Wednesday that the increasing interconnectedness between banks and non-banks merits close attention.

Digital Acceleration and Transformation Expo

Customer data with account aggregators completely safe in India: Sitharaman

November 23, 2023 17:46 IST

Account aggregators (AA) are entities that enable financial data sharing from Financial Information Providers (FIPs) to Financial Information Users (FIUs), based on the consent from the customers.

State Bank of India, Dinesh Khara, SBI interest rates, interest rates, Indian express business, business news, business articles, business news stories

Will increase interest rates if cost of funds rises: SBI Chairman

November 23, 2023 00:44 IST

As per a recent SBI research report, the banking industry will require Rs 84,000 crore of excess capital or five per cent increase on Rs 15.2 lakh crore capital requirement following the RBI decision to tighten the risk weights on unsecured loans.

SEBI, SEBI Chairperson Madhabi Puri Buch, Securities and Exchange Board of India, SEBI new study, inflation, how to beat inflation rate, market inflation, indian express news

SEBI chief urges investors to take long-term view of markets to beat inflation rate

November 21, 2023 07:05 IST

SEBI’s study, released in January this year, stated that 90 per cent of the active traders incurred average losses of Rs 1.25 lakh during FY22.

fraud loan apps, fraud loan

Scamming the scammers: How borrowers create fake IDs to deceive fake loan appsPremium Story

November 21, 2023 22:11 IST

An empty phone, forged documents, a fake digital trail – and a stunning role reversal. This time, shady loan apps are the 'victims'

fraud loan apps, fraud loan

Fraud loan apps have a free run on social media platforms. Here’s howPremium Story

November 20, 2023 22:35 IST

Fake loans apps advertise freely on social media apps, presenting themselves as loan calculators or loan aggregators, or even a food recipe recorder

UCO Bank

UCO Bank recovers Rs 649 crore ‘erroneously credited’ to customers

November 16, 2023 15:34 IST

UCO Bank shares were trading 1 per cent lower at Rs 39.43 on the BSE on Thursday.

World Bank, Anantha Nageswaran, Chief Economic Adviser V Anantha Nageswaran, Indian express business, business news, business articles, business news stories

Need for World Bank’s governance indicators to be transparent: CEA

November 16, 2023 01:33 IST

The World Bank’s Worldwide Governance Indicators provide a ranking of 215 countries territories based on six dimensions of governance: ‘Voice and Accountability’; ‘Political Stability and Absence of Violence’; ‘Government Effectiveness’; ‘Regulatory Quality’; ‘Rule of Law’ and ‘Control of Corruption.’

RBI tightening of unsecured loans: Banks may need Rs 84,000 crore excess capital

RBI orders Bajaj Finance to stop eCOM, Insta EMI Card loans

November 16, 2023 01:30 IST

These supervisory restrictions will be reviewed upon the rectification of the said deficiencies to the satisfaction of the RBI, it said.

RBI body raises concern over rise in bank borrowing by the NBFCs

RBI body raises concern over rise in bank borrowing by NBFCs

November 8, 2023 04:30 IST

Following the market correction prompted by the IL&FS default and a brief pause due to the COVID-19 pandemic, bank financing for NBFCs has begun to rise again, it said.

Claudia Sanhueza, Under-Secretary for International Economic Relations, Chile (Express File Photo)

‘We are starting conversations with India to find a framework to go for CEPA or FTA…there are infinite possibilities of collaboration’: Claudia SanhuezaPremium Story

November 5, 2023 07:59 IST

In an interview with Soumyarendra Barik and Aanchal Magazine, Sanhueza said they would like to advance the trade pact talks given that elections are approaching in India, with “infinite possibilities for collaboration” between the two nations on several areas including lithium mining and exploration of mineral reserves.

State Bank of India, profit after tax, SBI PAT, net interest income, rise in NII, Domestic net interest margin, NPA Gross NPA, sBI domestic advances, INDIAN EXPRESS NEWS

SBI posts 8.03% rise in Q2 profit on net interest income boost

November 5, 2023 04:39 IST

SBI chairman Dinesh Khara said he expects a credit growth of 13-14 per cent for the bank in the current fiscal.