Banking system

Expert economists: Myanmar’s military management of banking system is catastrophic and incompetent

Members of the Burmese military received doses of a Covid-19 vaccine imported from India without being informed that it had not yet been approved, according to military sources. The military’s covert vaccination program, which used the Covaxin vaccine produced by Indian pharmaceutical company Bharat Biotech, began in January and continued …

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PMJDY celebrates its 7 years; brings 43 crore under the formal banking system

As India celebrates its 75th Independence Day, nearly 43 million poor beneficiaries in the country now have basic bank accounts, thanks to the Centre’s flagship financial inclusion program, Pradhan Mantri Jan Dhan Yojana ( PMJDY). The program, announced by Prime Minister Narendra Modi in August 2014, dispelled initial apprehensions about …

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A segmented banking system can boost credit

Despite the abundant liquidity provided by the RBI through Multipurpose Targeted Long-Term Repo Operations (TLTROs), there is no noticeable improvement in credit growth. Credit growth fell to 5.8% in FY21 from 6.14% in FY20, a 58-year low, according to an analysis by SBI Research. But the recent “Greenwich Coalition Report” …

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“Significant impact on the profitability of the Indian banking system”

There could be a significant impact on the profitability of the Indian banking system, as inflation data for May and June 2021 exceeded the Reserve Bank of India (RBI) target corridor, in turn putting pressure on the curve. long-term returns, according to India. Assessments and Research (Ind-Ra). Retail price inflation …

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Is a wave of bankruptcies about to hit the global banking system?

Through John manning, international banker As the pandemic swept the world early last year, many expected an increase in bankruptcies to materialize following prolonged shutdowns, which have severely curtailed economic activity. But with most governments moving quickly to implement emergency measures for businesses, the number of bankruptcies completed during the …

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Big Tech entry threatens the stability of the banking system: RBI

July 05, 2021 The Financial Stability Report (FSR), released by the Reserve Bank of India (RBI), raised concerns about the entry of large tech companies like Amazon and Google into the country’s financial system, claiming that tech companies could undermine the banking system by circumventing financial sector regulations. The RBI …

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