-The Hindu Business Line Banks continue to pursue recovery in written-off accounts, says FM Nirmala Sitharaman Scheduled commercial banks have recovered just 13 per cent of the total write-off in the last five years, Finance Ministry data presented in the Rajya Sabha on Tuesday showed. In response to two separate questions on the issue, the Ministry presented data on write-off and recovery. “As per inputs received from RBI, SCBs (schedule commercial bank) wrote-off an...
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RBI reluctant to hand out NBFC licence to fintechs -Hamsini Karthik
-The Hindu Business Line PhonePe - ZestMoney deal to set precedence for fintechs to explore backdoor entry into the lending business Despite three months of engagement and continued discussions with the banking regulator, fintechs may not have cracked the code yet to operate as non-bank lenders. Highly placed sources say the Reserve Bank of India is reluctant to issue non-bank finance company or NBFC licences to fintechs. PhonePe, Razorpay, BharatPe, Khatabook, OkCredit and...
More »How Has the Indian Economy Done Vis-à-vis Other Nations Over the Past 30 Years? -Deepanshu Mohan, Aniruddh Bhaskaran, Hemang Sharma, Soumya Marri and Malhaar Kasodekar
-TheWire.in A detailed analysis of India’s growth trajectory, comparing its growth trends with other industrially developed economies across sectors and with other like-minded group of nations. This article, extrapolating our key findings from a recent Centre for New Economics Studies (CNES) research analysis, involves a detailed analysis of India’s growth trajectory over the last three decades comparing its growth trends with other industrially developed economies across sectors like manufacturing, services, banking, etc.,...
More »India’s first private agri mandi set to come up with world-class infrastructure -Radhehyam Jadhav
-The Hindu Business Line With licence in hand, Sahaydri FPC will set up the market near Nashik in 3 months A 100-acre dedicated market space integrated with world-class infrastructure, services from banking to storage, processing, and packaging under one roof, options for offline and online trading, legalisation of field trade, and ownership of farmers. These are some of the planned features of the private agriculture market initiated by Sahyadri Farmer Producer Company...
More »Explained: RBI’s concerns on slow deposit growth -Saptaparno Ghosh
-The Hindu Why did senior officials of the apex banking regulator meet the MD and CEOs of public and certain private sector banks? What are the possible reasons for low deposit growth? What is the net status of non-performing assets? Has credit growth risen when compared to the year-ago period? The story so far: The Governor, Deputy Governor and a few other senior officials of apex banking regulator, the Reserve Bank of...
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