The RBI is not willing to ease its stance on tokenisation, insisting that payment facilitators cannot store customer card details. The payments industry is at a crossroads with the banking
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‘Economic activities are expected to improve’
‘We are very watchful about inflation and growth. But the main challenge is economic revival and growth’ “Individuals and businesses have better adapted to Covid protocols. So, we feel that
Continue reading »Covid second wave won’t sting economy
The hit to economic activity will be mostly confined to the first quarter.And a third wave, if it materialises, is unlikely to be hugely disruptive for the economy, predicts T
Continue reading »Banks report loan fraud worth Rs 5 trn; SBI’s amount largest
In 2019-20, the Indian banking sector saw a 159 per cent jump in dubious transactions to Rs 1.86 trillion. Banks operating in India reported fraud of Rs 4.92 trillion as
Continue reading »‘Corporate earnings in June quarter can be weak’
‘There is a weak link between the economy and the stock market.’ The markets have been range-bound, waiting to assess economic damage caused by the second wave of Covid. “By
Continue reading »‘Impossible Trinity’: RBI’s precarious balancing act
However, the aggressive accumulation of foreign exchange reserves should be able to ring fence the country in the immediate future. The Reserve Bank of India (RBI) is precariously balancing two
Continue reading »When will EC ban loan waiver poll promises?
Every political party loves to use the bait of loan waiver to woo the electorate.If their hearts bleed for the poor, they can always use the party funds to pay
Continue reading »What is the RBI governor up to?
What is killing the risk appetite of the bond buyers is the inconsistency in the central bank’s approach.It needs to allow the yield to find its own level, gradually.To ensure
Continue reading »‘It would be a mistake to allow private sector corporate groups to own banks’
‘We still need a certain number of large public sector banks for financial inclusion and stability purposes.’ According to the latest Economic Survey, a V-shaped recovery is taking place in
Continue reading »Budget: Nothing but Housekeeping
The Budget would have been the perfect vehicle to introduce some bold initiatives.That opportunity has been lost through this Budget, observes Shreekant Sambrani. A Budget commentary can follow two, not
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