Banking Central News Today

Banks need to scale up investment in strengthening the technology before launching products to ensure their platforms can handle volume without inconveniencing the customer. Repeated glitches will distance even the loyal customers from a bank and prompt them to look for better options

Speaking on this occasion, RBI Governor Shaktikanta Das spoke about the central banks journey through the Covid pandemic and other geopolitical crisis around the world.

With the crackdown on Paytm Bank, the RBI has sent out a clear message to fintechs that no matter how big a company is, non-compliance with rules isn’t an option. And that the regulator won’t hesitate to pull the plug

Paytm FASTag: Under the new One Vehicle, One FASTag initiative, each FASTag can only be linked to a single vehicle, and vice versa. As a result, users must deactivate their existing FASTag in order to obtain a new one.

In the 2024 Budget,  the Narendra Modi government has an opportunity  to bring clarity on the Indian government’s thinking on regulation of virtual assets. Will that happen this time? 

Some of the key factors investors should watch out for post the Q3 results are: the outlook on retail deposit mobilisation, the margin trajectory, and the managements growth outlook.

Bank privatisation has been a long-pending goal for the central government. But there has been no action yet.

Banks gross non-performing (GNPA) ratio fell to a fresh decadal low of 3.2 percent at the end of September 2023, while consolidated balance sheets expanded by 12.3 percent in FY23, as per the RBI’s latest report

Indias exposure in the global asset allocation market is accidental as India continues to sit in the emerging markets bucket. As the economy edges near the $4 trillion threshold, a change in perception can help India catapult as a separate asset allocation item

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