The question though is whether it tilted enough, considering the inconvenience caused by demonetization. Digital is important to economy as it brings down cost of transaction, improves efficiency of financial system, increases transparency and transforms customer experience. Replace of more cash by digital and adoption of digital by a wider…
RBI recently released a draft policy paper on Indian payment system. The highlight, off-course, is the retail payment segment. NPCI plays a very leading role here, processing nearly 48% of the retail electronic payment transactions (excluding paper) in volume and 15% by value. It manages multiple payment systems, which includes…
RBI yesterday notified Yes Bank its disapproval for the current CEO, Mr. Rana Kapoor, to continue for another 3 years. Instead it has curtailed his continuity to this position to 31st Jan 2019, a little more than 4 months from now. Keep in mind that the Board of Governors for…
In an interview with Bloomberg, SBI Chairman Rajnish Kumar had said ‘It is important that we give a message that if potential bidders are trying to suppress the values, then banks are not going to accept it’, obviously referring to the resolution process effectiveness being pursued against debtors under Bankruptcy…
or Haircut, if I may say! Not sure? Then just have a look at the following data from RBI data. From as high as 22% in FY13, the recovery success rate has been seeing steep fall ending up at a notch below 10% by FY17 (9.8%). That means if there…
This is a work of fiction and is a humorous take on the digital rush of most banks today. Background: The CEO of a leading retail bank is very happy with the digital transformation that the bank has recently undertaken and wanted to spread the word. “Digi Genie” is our…
While many eyebrows are being raised on the obscene value of the fraud detected at PNB (~11000 cr INR/ 1.8 BN USD); it holds no surprise if one understands the psyche of Indian banks, primarily the PSUs. Vijay Mallya did the same thing, brazenly taking the banks for a ride…
