Jun 7, 2016 - What turns Tata Payment bullish on white label ATMs?

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
So India's black money economy is bigger than the whole economy of Thailand or Argentina. The government's "crackdown" on black money has had some intended and some unintended consequences. The black money economy has been shrinking since the 90s. However, more regulation and closer scrutiny has led to black money moving from property and gold (traditional havens) to hard cash, and not into formal banking channels (where deposits have gone down). With the reduction in bank lending to sub-investment grade projects (due to the NPA cleanup), this demand has shifted to the informal economy, where lending rates have gone up from 24% to 34%. Comment

Indian banks have made $3.1 billion just by parking funds with the RBI- instead of giving them out as loans

The Reserve Bank of India (RBI) may have slashed repo-rates but Indian banks are still parking their funds with the central bank instead of giving them out

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Today's TradeBriefs Cartoon

Not gold or FDs, Indian women prefer to invest in real estate now – Here’s why

Women across urban India are buying property either to diversify their investment portfolios or to avail multiple benefits exclusive to women.

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Mutual Funds: Invested in credit risk funds? Shift to safer banking and PSU funds

You should evaluate the current portfolio of the fund to understand the extent of holdings in various rating buckets, such as AAA, AA, A rated, etc., and cash holdings.

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Supreme Court issues notice to Centre, RBI on plea against interest on loans during moratorium

The counsel argued that borrowers should not be penalised like this and banks should not add interest on the loan amount during the moratorium period.

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Private lenders resort to video KYCs for opening accounts

Kotak Mahindra Bank has launched a service for their savings account product called Kotak 811..After the lockdown, as the business took a beating, banks took it on priority to launch this service.

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Automakers tie up with banks, NBFCs to lure customers with schemes

According to Siam, auto industry volumes might drop in the range of 25-30% in the current fiscal.The outbreak of the pandemic has left dealers with significant stocks of BS-IV emission norm compliant vehicles

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Rana Kapoor ignored warnings given by Yes Bank's risk teams: ED

Statement of former CEO Ravneet Gill shows how bad the financial health of Yes Bank was, which he joined as managing director and chief executive officer on 1st March 2019.

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Non-MSMEs to get cheap, govt-guaranteed loans too

India Business News: Mayur Shetty | TNN Mumbai: Many businesses like hotels, restaurants and service providers — other than micro, small and medium enterprises (MSMEs) — w.

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Reliance Jiomart shopping portal's trials begin across India

Read Article Reliance Industries Ltd has started testing its online grocery shopping portal across India, still under a nationwide lockdown to control the spread of the coronavirus. JioMart is now delivering in more than 200 cities, Damodar Mall, the chief executive officer of Reliance Retail’s grocery business said in a tweet. JioMart last month started a […]

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Mega Lockdown Puts India’s Animal Spirits to Sleep in April

The dashboard signals Asia’s third-largest economy had a dismal start to the new fiscal year from April 1.

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Indian economy to contract 5% in FY21: Fitch Ratings

India Business News: Fitch Ratings on Tuesday forecast the Indian economy to contract 5 per cent in the current fiscal on account of slump in economic activities following

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India's unemployment rate continues to hover above 24%

Indias unemployment rate was a tad higher at 24.3% for the week ended May 24, a CMIE report said.

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Covid-hit world is shutting out Indians. It will affect remittances, economies and lives

The world, which seemed so open to us Indians, may well be shutting its doors on us due to the pandemic. It will impact lives, remittances and economies.

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Centre’s fixed cost discount could lower gencos return by this much

Brokerage firm Jefferies had earlier pointed out that every 100 bps cut in regulated RoE implies about 4% impact on NTPC’s profit.

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Ola's financial services unit raises about Rs 200 crore in maiden funding round

Nitin Gupta, current head of Ola Financial Services leaves, Harish Abhichandani to take over in the interim

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