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Saturday, April 20, 2024
TopicBanks

Topic: banks

Why more smartphones and bank accounts haven’t brought financial digital inclusion in India

India's financial sector has been a gung-ho adopter of technology. But design of technology and finance have hardly reflected users’ lived realities.

Indian banks are still not fully passing on interest rate cuts to customers

Spread between RBI’s key policy rate & weighted average lending rate on outstanding loans from banks is highest in data going back to February 2012.

India’s top bankers keep saying the worst is over, but it only keeps getting worse

RBI data suggests bad loans issue is anything but resolved and coupled with the larger economic slowdown, bankers’ proclamations can’t be taken too seriously.

Indian economy needs structural reforms & behavioural change, not macroeconomic jargon

What the disproportionate focus on macroeconomics misses is fact that to increase economic growth, you need to change behaviour of individuals and firms.

IIFL bets on bank, insurance & infrastructure stocks amid slowing economy

Falling cost of borrowing and a revival in animal spirits will boost industry spending cycle first and consumption will revive later, IIFL says.

India’s economic crisis has only one root cause

Prime Minister Narendra Modi cannot escape responsibility for India’s economic slowdown caused by his acts of omission and commission.

Even India’s biggest billionaires can’t escape the crunch in debt market

Ratings of some firms of billionaires Ajay Piramal, Pallonji Mistry & MP Lodha have been cut as the business environment worsened and funding costs rose.

Hiring in India dips as activity slows across most sectors

A survey done by Care Ratings Ltd. showed that banks, insurers, auto makers and logistics and infrastructure companies are among those hiring at a slower pace.

Banks better watch out, the fintech payment revolution is coming

As local-currency payments in Asia become instantaneous, cashless and cheap, customers will demand similar features when they remit funds overseas.

RBI fix for slowing consumption demand — incentives to banks for retail lending

RBI Governor Shaktikanta Das announced a relaxation in risk weights for all consumer loans, which could ensure better credit flow at lower rates.

On Camera

Iran-Israel conflict will now be shaped by 3H—Houthis, Hamas, Hezbollah

Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.

CBDT signs record 125 Advance Pricing Agreements, 31% more than last year

The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.

Vice Admiral Dinesh Kumar Tripathi to take over as Chief of the Naval Staff

He has been the chief of personnel and the flag officer commanding-in-chief, Western Naval Command, in the rank of vice admiral.

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.