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Paytm Payments Bank ban: 'Gave enough time to comply' - RBI's stern words on persistent non-compliance

India Business News: Paytm Payments Bank ban: RBI governor Shaktikanta Das said, “Our focus is always on engaging with regulated entities bilaterally and we nudge them to

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Paytm Money rebuffs media report on CDSL's scrutiny of KYC process, says part of routine audit

Paytm woes: Paytm Money clarifies that the scrutiny of its customer verification process by CDSL is a ‘standard and expected part’ of its regulated business.

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RBI deputy governor flags banks' tendency to depend on bulk deposits

When interest rates decline, these long-term large deposits will still have to be managed and that can lead to lower profits and lower margins, Swaminathan J said.

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RBI Deputy Governor Swaminathan wants lenders to 'curtail' consumption loans

Swaminathan J, a deputy governor at the Reserve Bank of India, today said the central bank wants lenders to cut down on consumption loans or unsecured loans with undefined end use. Deputy Governor M Rajeshwar Rao also supported and said the move to increase risk weights for unsecured loans is a prudential measure to curb growth or moderate credit growth to certain sectors.

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Have a policy for bad loan write-offs, focus efforts on recovery: RBI to banks

“We would like the bank managements to have a board-approved policy for write-off and also a follow-up to maximise recovery from these accounts for which we are engaging with bank managements,” deputy governor Swaminathan J said.

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Have a policy for bad loan write-offs, focus efforts on recovery: RBI to banks

“We would like the bank managements to have a board-approved policy for write-off and also a follow-up to maximise recovery from these accounts for which we are engaging with bank managements,” deputy governor Swaminathan J said.

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Rbi: RBI governor asks banks to focus on governance

India Business News: MUMBAI: governor Shaktikanta Das has asked banks to strengthen governance standards and to pay special attention to compliance, risk management and au.

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