Bounce rates of anything above 25% remain a cause for concern as it shows retail delinquencies remain well above pre-Covid levels. The failure rates of auto-debit transactions on the National Automated Clearing House (NACH) platform, many of which are EMI requests, eased in March, showed data released by the National Payments Corporation of India (NPCI).
Banking & Finance
The plan, according to official sources, is to opt for amending the relevant laws in one go, so that the process of PSB privatsiation is not hindered by legal hurdles. The government has started inter-ministerial consultations to draft the legislative changes required for privatisation of public sector banks (PSBs). The plan, according to official sources,
Mridula Iyer, head – treasury & trade solutions (TTS), Citi South Asia The use of data and analytics has enabled Citi to expand its borrower base in the supplier finance vertical in India, Mridula Iyer, head – treasury & trade solutions (TTS), Citi South Asia, tells Shritama Bose. The setting up of new umbrella entities
There has also been little marketing buzz around the payment feature and, not to forget, a majority of WhatsApp’s 400 million-strong user base in India lacks access to it. Unified Payments Interface (UPI) transactions through WhatsApp remained tepid in March, four months since the feature went live for 20 million users on the messaging app.
Through the variable reverse repo, RBI will also manage the lower end of the curve suitably. By KVS Manian The Reserve Bank of India (RBI) has clearly kept its ears to the ground in framing the last monetary policy. The surge in Covid-19 cases, leading to a seemingly vicious second wave, has definitely pushed the