-Livemint.com Public sector lender Bank of Baroda (BoB) on Wednesday warned of rising stress in the coming months, possibly emanating from the retail and small business segments as a fallout of covid-19 stress Public sector lender Bank of Baroda (BoB) on Wednesday warned of rising stress in the coming months, possibly emanating from the retail and small business segments as a fallout of covid-19 stress. “The kind of stress we are seeing now...
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In rural India, over-reliance on digital technology has worsen financial exclusion -Rajendran Narayanan and Sakina Dhorajiwala
-The Indian Express A technological intervention must have a governance framework in which protection of rights must be fundamental and which provides more choices to the marginalised. Remember the early days of the internet, when it took several minutes to connect to the web through a dial-in modem? Or when you had to wait in line at an STD booth to make an outstation call? Since then, we have made massive strides...
More »Raghuram Rajan says proposal to allow business houses into banking is a 'bad idea' -J Jagannath
-Livemint.com The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel's proposal at a time when 'India is still trying to learn the lessons from failures like IL&FS & Yes Bank' New Delhi: Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group's recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector. Raghuram...
More »Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »Four years since demonetisation: Cash in system steadily rising, at all-time high -George Mathew and Sandeep Singh
-The Indian Express After Rs 500 and Rs 1,000 notes were withdrawn from the system in November 2016, currency with the public, which stood at Rs 17.97 lakh crore on November 4, 2016, declined to Rs 7.8 lakh crore in January 2017 soon after demonetisation. Four years after the government announced demonetisation on November 8, 2016, the currency with public for the fortnight ended October 23, 2020 stood at a record high...
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