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George Mathew
More From George Mathew - Page 27
Why RBI penalised credit info companies and what borrowers should do nowSubscriber Only
June 30, 2023 11:27 IST
CICs have information about all the borrowers and creditors in the financial system. The central bank slapped a monetary penalty of Rs 26 lakh on TransUnion CIBIL Ltd and Rs 24.75 lakh on Experian Credit Information Company of India Pvt Ltd, to name a few.
Fri, Jun 30, 2023
Banks say LRS tax a ‘burden’, unlikely to have IT systems ready by OctoberSubscriber Only
June 30, 2023 02:08 IST
On Wednesday, in a reversal of its earlier decision, the government deferred the move to include international credit card spends outside India under the LRS.
Fri, Jun 30, 2023
HDFC-HDFC Bank merger today: How consumers and the financial sector will be impactedSubscriber Only
June 28, 2023 18:11 IST
Housing finance company HDFC Ltd and private retail bank HDFC Bank are set to merge on July 1, creating a mega entity. How and why did the merger come about, and what will change after the two companies become one?
Sat, Jul 01, 2023
Banks readying systems to track spends on outward remittancesSubscriber Only
June 25, 2023 23:45 IST
Banks were finding the going tough in assessing and collecting TCS on exemptions while using credit and debit cards outside India, banking sources said.
Mon, Jun 26, 2023
Mounting troubles at Byju’s: Is the bubble going to burst?Subscriber Only
June 23, 2023 11:25 IST
Byju’s is India’s most valued start-up at $22 billion, and therefore a flagbearer of India’s startup ecosystem – both for firms and investors. But its FY21 results had shown that Byju’s lost more than Rs 12 crore everyday. What problems is it facing now?
Sun, Jun 25, 2023
Byju’s auditor quits amid mounting financial worriesSubscriber Only
June 22, 2023 21:27 IST
Byju’s reported a loss of Rs 4,564 crore in FY21. Revenues fell 3.3% to Rs 2,428 crore as it deferred about 40% of its revenue to subsequent years due to its new revenue recognition model.
Fri, Jun 23, 2023
RBI defends compromise settlement, says lenders to exercise ‘discretion’Subscriber Only
June 21, 2023 04:30 IST
According to the RBI, the primary regulatory objective of the circular -- issued on June 8, 2023 -- is to enable multiple avenues to lenders to recover the money in default without much delay.
Wed, Jun 21, 2023
MoRTH against hiking third party motor insurance premiaSubscriber Only
June 20, 2023 04:55 IST
In 2022-23, the motor TP premium had gone up by 14.44 per cent to Rs 49,508 crore from Rs 43,260 crore in 2021-22. The ministry takes data provided by the Insurance Information Bureau of India (IIBI) into consideration while arriving at the Motor TP premium rates.
Tue, Jun 20, 2023
Banks may have to settle with some of the 16,044 wilful default accounts with Rs 346,479 crore debt till end-2022Subscriber Only
June 18, 2023 04:04 IST
The amount stuck in the wilful default category has jumped by 41 per cent, or over Rs one lakh crore in the last two years from Rs 245,767 crore in December 2020, according to data compiled by Transunion Cibil, a credit information company registered with the RBI.
Sun, Jun 18, 2023
Cash with public falls by Rs 83,242 cr after RBI move to withdraw Rs 2,000 noteSubscriber Only
June 17, 2023 05:31 IST
Currency with the public is arrived at after deducting cash with banks from total currency in circulation. Currency in circulation refers to cash or currency within a country that is physically used to conduct transactions.
Sat, Jun 17, 2023
What US rate hike pause means for Indian marketsSubscriber Only
June 16, 2023 07:07 IST
Will the Fed move on interest rates and its hawkish commentary impact interest rates and markets in India?
Fri, Jun 16, 2023
Compromise settlement for wilful defaulters: How RBI’s controversial move impacts the banking sectorSubscriber Only
June 15, 2023 12:57 IST
By allowing wilful defaulters and fraudsters to settle loans under compromise, the RBI is effectively condoning their actions, placing the burden of their misdeeds on the shoulders of ordinary citizens.
Thu, Jun 15, 2023
Why FDs with 1-3 year tenures are seeing most traction, women borrowers are going for gold, education loansSubscriber Only
June 14, 2023 12:16 IST
Customers are now increasingly going for fixed deposits (FDs) with a tenure of ‘one year to less than three years’ where interest rates are the highest.
Wed, Jun 14, 2023
Bank unions slam RBI’s decision on allowing compromise settlement for wilful defaultersSubscriber Only
June 14, 2023 05:00 IST
The RBI, in its 'Prudential Framework for Resolution of Stressed Assets' (June 7, 2019), made clear that the borrowers who committed frauds/ malfeasance/ wilful default will remain ineligible for restructuring.
Wed, Jun 14, 2023
Wilful defaulters, fraudsters can go for compromise settlement: RBISubscriber Only
June 12, 2023 03:30 IST
Fresh loans under compromise settlement only after 12 months
Mon, Jun 12, 2023
What RBI MPC’s rate hike pause means for EMIs and investorsSubscriber Only
June 09, 2023 07:00 IST
This is expected to give some stability to the credit market, to boost capital expenditure and investments. The current rate hike cycle will help arrest inflation, and boost investment and consumption sentiment.
Fri, Jun 09, 2023
Why RBI has opted for status quo, how continued pause in rate hikes affects your loan EMIsSubscriber Only
June 08, 2023 12:12 IST
RBI MPC Meeting: As the RBI has kept the policy rate unchanged in the June policy, external benchmark lending rates (EBLR) linked to the repo rate will also not rise. It will provide some relief to borrowers as their equated EMIs will not increase.
Fri, Jun 09, 2023
Odisha train accident: Govt seeks data to shell out insurance claimsSubscriber Only
June 06, 2023 05:10 IST
The government is planning to shell out the insurance amount through three government schemes.
Tue, Jun 06, 2023
Rs 2,000 notes withdrawal: What’s in store for banks, depositors?Subscriber Only
June 05, 2023 10:03 IST
Withdrawal of Rs 2,000 notes could see an infusion of Rs 1-1.8 lakh crore of liquidity over the June-September period, according to a Care Ratings report.
Tue, Jun 06, 2023
Home prices rise by average 4.57% across India in FY23, shows RBI dataSubscriber Only
June 04, 2023 03:53 IST
Home prices index of Mumbai increased by 4.26 per cent to 293.3 by March 2023 when compared to 281.3 a year ago. In Delhi, the rise was 6.65 per cent to 347.9 from 326.2 in March 2022. Kochi index rose by 8.45 per cent to 333.4.
Sat, Jun 03, 2023
GDP growth estimated to cross 7%, what’s in it for the markets?Subscriber Only
June 02, 2023 07:02 IST
The numbers beat market expectations; however, the benchmark Sensex at the BSE fell 193 points or 0.3% on Thursday.
Fri, Jun 02, 2023
Only Rs 5.70 cr worth e-rupee in circulation: RBISubscriber Only
May 31, 2023 05:00 IST
The retail CBDC launched by RBI is a digital token that will function as the digital equivalent of a banknote that can be transferred electronically from one holder to another. It can be kept in a wallet on a mobile phone, and spent as cash is spent.
Wed, May 31, 2023
RBI governor Shaktikanta Das cautions against evergreening of loans: Are banks, corporates still window-dressing loans?Subscriber Only
May 30, 2023 10:07 IST
The process of evergreening of loans, a form of zombie lending, is typically a temporary fix for a bank. If an account turns into a non-performing asset (NPA), banks are required to make higher provisions which will impact their profitability.
Thu, Jun 01, 2023
Rs 2,000 note exchange: PSU banks see longer queues; banks, customers complain over lack of clarity on rulesSubscriber Only
May 30, 2023 05:10 IST
Many customers who made large deposits after the withdrawal of Rs 500 and Rs 1,000 notes in 2016 later received income tax notices. Cash deposits above Rs one lakh in the savings account can invite income tax notices, said a bank official.
Tue, May 30, 2023
We’re hoping to launch a big pipeline of projects in energy and climate: Danish envoySubscriber Only
May 29, 2023 04:07 IST
Freddy Svane said, “we are trying to define a scale to some of the projects that we are looking into.” Denmark has set up an India-specific special facility through a government agency for funding projects.
Mon, May 29, 2023Journalism of Courage
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