[ad_1] India’s climate financing activities need to be buttressed by a green taxonomy and new risk management models, said a panel of experts at the 17th edition of the Mint Annual BFSI Summit in Mumbai. Panellists Vivek Iyer, partner and national leader of financial services-risk advisory at Grant Thornton Bharat; Rohit Inamdar, CEO of CareEdge…
[ad_1] Mumbai: India’s fintech sector is undergoing a regulatory shift, with industry leaders emphasizing the need to balance compliance and innovation. At a panel discussion titled Indian Fintech: Balancing Disruption and Regulation during the Mint BFSI Summit on Friday, experts highlighted the challenges and opportunities of navigating this evolving landscape. “You may be right in…
[ad_1] This statistic highlights a significant financial challenge facing the banking sector. In the face of loan write-offs and non-performing assets (NPAs), effective collateral management stands out as the only remedy. In this context, the importance of a thorough legal audit of guarantees becomes crucial for banks, helping them protect against costly legal and financial…
[ad_1] Mumbai: The Reserve Bank of India (RBI) on Thursday retained Tata Sons — the principal holding company of the Tata Group — in its list of 15 upper-layer non-bank financiers for FY25, but said it is “without prejudice” to the company’s application to get itself deregistered. Also read | Tata Sons pays ₹20,000 crore…
[ad_1] MUMBAI : Non-residents will now be able to open rupee accounts in the overseas branches of India-registered authorized dealer banks and conduct cross-border transactions in rupees as the central bank eased rules in a move aimed at internationalization of the local currency. The Reserve Bank of India (RBI), in consultation with the Central government,…
[ad_1] The tenure of Michael Patra, the Reserve Bank of India’s deputy governor, will end on Wednesday, January 15. Patra’s term, which would have originally ended around the same time in 2024, was extended by one year by the central government. RBI deputy governor’s tenure to end A deputy governor appointed by the Reserve Bank…
[ad_1] The gap between fresh deposits and non-food credit widened to over ₹2 trillion in 2024, higher than ₹1.3 trillion in the previous year. Non-food credit is bank credit adjusted for loans given to the Food Corporation of India (FCI). In 2022, per RBI data, banks added more loans than deposits and the gap between…
[ad_1] With inflation a bugbear for policymakers, it’ll be a relief that the year-end saw price pressures ease, even if only a bit. Government data released on Monday showed that India’s consumer price index rose 5.2% from a year earlier in December, slower than the 5.5% rise in November. December’s print is the lowest in…
[ad_1] The Reserve Bank of India (RBI) recently released a set of Frequently Asked Questions (FAQs) regarding a circular on resetting floating interest rates on Equated Monthly Instalment (EMI)-based personal loans. One of the highlights of the circular is that banks must give borrowers the option to switch the interest rate from floating to fixed…
[ad_1] The recent market correction has meant a reduction in the price-earnings premium of India over other emerging markets from around 20% levels to ~13-14%. The near- term trend of greater investor flows towards developed markets will keep the India premium in check, believes Suresh Soni, CEO, Baroda BNP Paribas MF. This notwithstanding he expects…
