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Centre for Financial Accountability urges RBI to broaden scope of climate-related financial risk framework
The CFA emphasised the critical need to empower shareholders, customers, and the general public with comprehensive information on the climate crisis's impact on FI investments.
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RBI proposes minimum loan exposure for project finance by banks
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Building stronger credit profile for financial freedom
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Does inflation share a relationship with default?
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Why is RBI taking strong action?
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What was Bajaj Finance’s Insta EMI Card controversy?
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Monthly Credit Records : 16% uptick in overall outstanding loans in Mar'24
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Will Bitcoin extend fall?
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Private banks take NIM hit in Q4 due to higher deposit rates
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Corporate affairs ministry bats for effective cost audits to curb corporate frauds
Corporate Affairs Ministry highlights the importance of cost audits in preventing manipulation by companies, such as misleading banks and evading taxes like GST. Compliance with the Companies Act, 2013 is crucial for monitoring cost records.
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BHIM looks to bulk up with ONDC to take on digital payment heavyweights
NPCI-built app to foray into ecommerce space via separate division. Despite marketing challenges, BHIM aims to improve user experience through partnerships and new initiatives like BHIM 2.0.
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Govt mulls survey to estimate cost of logistics incurred by businesses
Government plans a survey with NCAER to estimate logistics costs accurately for businesses. DPIIT aims to improve World Bank Logistics Performance Index. The survey will provide insights into transportation costs and administrative bottlenecks.
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Consumer companies on recovery path; FY25 India business looks bright
Global and Indian companies like Coca-Cola, Apple, and Reliance Retail anticipate a successful year ahead with strengthened demand post-March, despite global economic challenges. Robust growth forecasts are backed by increased consumer spending and a positive outlook for India's GDP.
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Uzbekistan positions itself as a regional investment hub
Uzbekistan positions itself as a regional investment hub amid reforms and a focus on the market economy, attracting foreign investments, including from India. The Third Tashkent International Investment Forum, held on May 2-3, aimed to boost investments. President Shavkat Mirziyoyev participated, along with representatives from various countries. The forum has become a platform for bilateral and multilateral investment cooperation.
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Forex reserves drop USD 2.41 bn to USD 637.92 bn in third consecutive week of decline
Gold reserves decreased USD 1.275 billion to USD 55.533 billion during the week, the RBI said.
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RBI proposes minimum loan exposure for project finance by banks
For projects with aggregate exposure up to Rs 1,500 crore, individual lenders must maintain a minimum exposure of at least 10 percent of the total project exposure.
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Centre for Financial Accountability urges RBI to broaden scope of climate-related financial risk framework
The CFA emphasised the critical need to empower shareholders, customers, and the general public with comprehensive information on the climate crisis's impact on FI investments.
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RBI issues draft guidelines on infrastructure finance
RBI introduces rules to enhance infrastructure funding and risk management through project lending guidelines, covering aspects like consortium lending, moratorium limits, and NPV requirements for lenders. The RBI also proposed that the original or revised repayment tenor, including the moratorium period, if any, should not exceed 85% of the economic life of the project.
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PSBs plan to set up 'green cells' for climate funding
State-run banks to introduce 'green cells' for ESG risk assessment and green fund management under EASE 7.0. RBI emphasizes 2.5% GDP green financing. SBI chairman pushes for incentives and CRR relaxation in regulatory policies.
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RBI: Govt to buy back bonds worth Rs 40,000 crore; move to ease tight liquidity
The unexpected move is also seen bringing down yields on short-term government bonds, as the three securities that the government has chosen to buy back are all maturing within six to nine months. A fall in government bond yields brings down cost of borrowing for companies as pricing of corporate bonds is benchmarked to sovereign debt. A bulk of corporate borrowing is through short-term papers.
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HSBC has no plans to dispose of further businesses, says chairman Mark Tucker
HSBC's chairman Mark Tucker reassured shareholders at the annual meeting that the bank has no immediate plans to sell more assets, signaling a shift in strategy for the banking giant. This comes after CEO Noel Quinn's unexpected retirement and a series of asset sales in Western markets as HSBC refocuses on its Asian operations.
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RBI approves reappointment of Atanu Chakraborty as part-time chairman of HDFC Bank for 3 years
Atanu Chakraborty has been reappointed as the part-time chairman of HDFC Bank by the Reserve Bank of India for a three-year term from May 5, 2024, to May 4, 2027. With a 35-year tenure in the Indian Administrative Service (IAS) in the Gujarat cadre, Chakraborty has extensive experience in finance, economic policy, infrastructure, and petroleum and natural gas sectors. He held key positions in the Union Government, including Secretary in the Ministry of Finance-Department of Economic Affairs, where he oversaw economic policy-making and budget formulation.
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Banks homing in on a bigger share of expanding real estate pie
The real estate sector is growing across segments said property analysts. Top seven property markets in the country registered total sales of 74,486 apartments during the quarter.
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RBI imposes monetary penalty on Satara Sahakari Bank Limited
According to RBI, the penalty, imposed by an order dated April 29, 2024, has been invoked under the powers vested in RBI, conferred under section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act.
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Carlyle sells 2% in Yes Bank for Rs 1,441 crore
In Feb this year, the Group pared a 1.3% stake in private sector lender Yes Bank for Rs 1,057 crore.
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RBI directs banks to restrict capital market exposure
The RBI's move comes in response to changes in the settlement cycle introduced by stock exchanges, shifting from T+2 to T+1 rolling settlement for equities.
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Does inflation share a relationship with default?
While there are a plethora of research findings and empirical evidence advocating a strong relationship between inflation and other macro-economic parameters, there is a low count of empirical relationships established between inflation and banking dynamics, especially default rates.
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Building stronger credit profile for financial freedom
When a loan gets rejected especially due to a low credit score, it is important that they are aware of the various ways to build a healthy credit profile. There are companies across the country who consciously work towards this not just to help the individuals but to help build the nation at large.
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Monthly Credit Records : 16% uptick in overall outstanding loans in Mar'24
The banking system is witnessing a strong loan growth. A recent report by 1Lattice revealed that there's been an uptick in overall outstanding loans, of around 16 per cent, March 2024.