Friday, 30 September, 2022
TopicBanks

Topic: banks

How Karza’s K:GST and K:ITR are making credit underwriting for SMEs simpler and faster

PR Spot -
Karza Technologies is a part of Perfios Software Solutions and together they are the largest B2B SaaS provider for the BFSI fraternity.

Singed by farm protests, Modi govt holds up privatisation of 2 PSU banks until state polls

Shubham Batra -
The government had listed the Banking Laws (Amendment) Bill, 2021 in the Winter Session of Parliament but it still awaits cabinet approval.

Controversial FRDI bill being ‘fine-tuned’, likely to make a comeback in 2022-23

Shubham Batra -
Finance ministry in process of finalising certain provisions like the ‘bail-in’ clause, which had triggered uproar that forced the legislation to be withdrawn in 2018.

Nearly 7 lakh public sector bank employees begin 2-day nationwide strike

PTI -
Bank unions said that services at over 1 lakh branches across India have been impacted. The strike is against the govt's move to privatise two public sector banks.

Banks, NBFCs keen to offer easy credit to fuel consumer spending in festive season

Rahul Satija -
Businesses in Indi are expecting sales during Diwali will pick up to levels seen before the pandemic struck early last year. That is in part because banks are eager to lend.

10-year-low interest rates, discounts — Banks, builders pin hopes of revival on festive season

Dhwani Pandya -
In anticipation that consumers will ease their purse strings during festive season, banks including SBI & HDFC have slashed home loan rates to the lowest level in a decade.

Cabinet approves proposal to provide Rs 30,600 crore govt guarantee for bad bank

PTI -
The proposed bad bank or NARCL will pay up to 15% of the agreed value for the loans in cash and the remaining 85% would be government-guaranteed security receipts.

Gross NPAs of banks may rise to 9.8% by March 2022, RBI report shows

PTI -
The gross non-performing assets of banks may increase to 11.22% under a severe stress scenario, the central bank's Financial Stability Report added.

Rs 2 lakh crore – that’s how much debt India’s bad bank opening this month will handle

Upmanyu Trivedi -
By housing bad loans of many lenders under one roof, the new entity should help speed up decision-making and improve bargaining power when resolving these assets.

4 ways fixed deposits can help finance your expenditures

PR Spot -
Other than helping save money, fixed deposits are also extremely useful for funding some common big-ticket expenses.
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Opinion

(L-R) Niharika NM, Danish Sait, Kusha Kapila and Tanmay Bhat on Koffee with Karan | YouTube screenshot

Koffee With Karan finale saves a boring season. Power has moved from Bollywood to influencers

Nidhima Taneja -
The Koffee with Karan finale was finally entertainment, entertainment, entertainment, after the most boring season in a boycott-Bollywood world.
Priyanka and Sonia Gandhi at a Congress rally in Amethi in June 1991. It was at this rally that Sonia fired the first salvo at the P.V. Narasimha Rao government of going slow on the probe into Rajiv Gandhi's assassination | Praveen Jain/ThePrint

Sonia Gandhi still doesn’t get that meaning of power has changed in India

TV channels said they are ‘Enemy No 1’ of PFI. Showed offices, flag, funding, even Osama

Economy

A file image of an Indian rupee note | Illustration: Thomas White/Reuters

Modi govt cuts planned borrowing to Rs 14.21 lakh crore for second half of FY23

Reuters -
Centre plans to borrow Rs 5.92 lakh crore in October-March period, compared with Rs 8.29 lakh crore of borrowing in the first half of the fiscal year that will end on September.

Defence

Pinaka is a multiple rocket launcher produced in India and developed by the DRDO for the Army | Twitter/@DRDO_India

As tensions rise with Azerbaijan, Armenia buys Pinaka rockets & ammunition from India

Snehesh Alex Philip -
The government-to-government contract, valued at about Rs 2,000 cr, is learnt to have been signed earlier this month. Supplies to be fast-tracked according to Armenia's requirement.

National Interest

Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

Shekhar Gupta -
If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.

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