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FIBAC CONFERENCE
Shaktikanta Das suggests a new playbook to set right a long-standing job market imbalance in IndiaDas emphasised the financial sector's role in bridging the gender gap by providing more employment opportunities for women and creating tai...
Dark patterns in digital loans: Warning about customers being tricked into taking high-cost loansMis-selling has transformed into a digital format involving deceptive design interfaces and tactics, tricking users into taking high-cost, ...
RBI guards against contagion risk from exuberant retail lending. 5 key takeawaysBanks and NBFCs should ensure that credit growth at the overall, sectoral, and sub-sectoral levels remain sustainable and all forms of exub...
RBI’s eye always on inflation, yet takes in other factors, too: Shaktikanta DasFollowing rapid increases in the policy repo rate by a cumulative 250 basis points from May 2022 to February 2023 to cool inflation, the RB...
Yes Bank expects to close stressed asset sale to JC FLowers ARC by this month-end: CEO Prashant KumarIt can be noted that almost the entire stock of these non-performing assets are legacy loans given out by the lender under an older managem...
Transparency is not being compromised, will make inflation letter to government public: RBI Governor Shaktikanta DasAllaying concerns around lack of transparency, Reserve Bank of India Governor Shakikanta Das on Wednesday said that its letter to the gover...
RBI's retail e-rupee pilot to start this month itself: RBI governorThe RBI governor Shaktikanta Das on Wednesday revealed that the RBI would follow up on the wholesale e-rupee pilot with a similar trial on ...
Banks must stress good compliance culture: RBI Deputy GovernorFrom January to July, RBI has imposed penalties on 70 occasions totalling Rs 122.9 crore.
Hours after RBI call, Axis Bank says linking loans to repo rate is not the only way for faster transmissionIt can be noted that till the last rate cut of 0.35 percent, the banks have passed out only 0.29 percent of the 0.75 percent in rate cuts i...
SBI Chairman Rajnish Kumar says 59-minutes loan scheme yet to make a markKumar said the bank is also planning to extend the scheme to car and auto loans because all the loans in this category are in the same quan...
Need to raise farm sector's credit absorption capacity: Reserve Bank Deputy Governor SS MundraTypically farmers get crop loans of up to Rs 3 lakh at 7% interest, the effective rate for them is only 4% as the rest is subsidised by the...
Why banking apps vie for eyeballs with Candy Crush“Most consumers today have a 16GB smartphone. With a limited memory on their phone, sometimes we are competing with even Zynga Poker and Ca...
4 foreign banks have applied for wholly-owned subsidiaries, says RBIThere are close to 100 foreign lenders operating in the country at present and all of them operate through branches or as representative of...
Need for digital financial inclusion imminent, says Arundhati BhattacharyaDigital banking along with financial literacy is going to play a crucial role in financial inclusion according to SBI chairman Arundhati Bh...
Some countries are hampering SAARC cooperation: MEA officialIn an apparent swipe at Pakistan, a senior foreign ministry official today said here that some small countries were scuttling New Delhi's e...
Beware of complacency, shouldn't postpone hard choices: Raghuram RajanRaghuram Rajan cautioned against getting complacent with the strong macro fundamentals of the economy and called for making harder choices ...
Raghuram Rajan says measures to improve JLF functioning on the anvilRaghuram Rajan today said the Reserve Bank will shortly announce some measures that should improve the functioning of the joint lenders' fo...
Containing financial risks more important than propping growth: Anand SinhaAnand Sinha said when financial risks rise, the focus of monetary policy should be to contain them even if that means sacrificing growth in...