Author: root

Reserve Bank of India – Annual Report

Publications

[ad_1]

Read More/Less




April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


Next

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Annual Report

Publications

[ad_1]

Read More/Less




April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


Next

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Annual Report

Publications

[ad_1]

Read More/Less




April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


Next

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Annual Report

Publications

[ad_1]

Read More/Less




April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


Next

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less


Today, the Reserve Bank released Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs), June 2021 on its Database on Indian Economy (DBIE) portal (web-link: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!3). Data on credit and deposits disaggregated by type, are classified by states/union territories (UTs), districts, centres, population groups and bank groups. These data are collected from all SCBs (including Regional Rural Banks and Small Finance Banks) under the Basic Statistical Return (BSR) – 7 system1.

Highlights:

  • Bank credit recorded 6.0 per cent growth (y-o-y) in June 2021 (6.4 per cent growth a year ago): bank branches in urban, semi-urban and rural centres recorded double-digit credit growth but it moderated for metropolitan branches to 2.7 per cent (5.1 per cent a year ago).

  • Growth (y-o-y) in credit by private sector banks (10.1 per cent) was much higher than that for public sector banks (3.1 per cent).

  • Aggregate deposits growth (y-o-y) stood at 10.0 per cent in June 2021 (11.5 per cent a year ago): deposit accretion in private sector banks grew at a faster pace vis-a-vis public sector banks.

  • The share of current account and savings account (CASA) deposits in total deposits increased further to 43.8 per cent in June 2021 (42.0 per cent a year ago).

  • As deposit growth outpaced credit growth, the all-India credit-deposit (C-D) ratio moderated to 70.5 per cent in June 2021 (73.1 per cent a year ago): C-D ratio declined for all bank groups, except for regional rural banks.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/786

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Annual Report

Publications

[ad_1]

Read More/Less




April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


Next

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Annual Report

Publications

[ad_1]

Read More/Less




April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


Next

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Reserve Bank of India – Press Releases

Press Releases

[ad_1]

Read More/Less


The Reserve Bank of India (RBI) has, by an order dated August 30, 2021, imposed a monetary penalty of ₹5.00 Lakh (Rupees Five Lakh only) on The Bihar State Co-operative Bank Ltd., Patna (the bank) for non-compliance with the directions issued by the National Bank for Agriculture and Rural Development (NABARD) contained in its circular on “Review of Frauds – Guidelines on Monitoring and Reporting System”. This penalty has been imposed in exercise of powers vested in RBI under section 47 A(1)(c) read with sections 46 (4)(i) and 56 of the Banking Regulation Act, 1949.

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

Background

The statutory inspection of the bank conducted by NABARD with reference to the bank’s financial position as on March 31, 2018 and March 31, 2019, the Inspection Reports (IRs) pertaining thereto, and examination of all related correspondence, revealed, inter alia, non-compliance with aforesaid directions issued by NABARD. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for contravention of the aforesaid directions. After considering the bank’s reply to the notice and oral submissions made in the personal hearing, RBI came to the conclusion that the aforesaid charge was substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/785

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Naspers’ arm-backed PayU to acquire BillDesk for $4.7 billion

Banking & Finance

[ad_1]

Read More/Less


In one of the largest deals in India’s booming fintech sector, Naspers’ technology investment arm Prosus on Tuesday acquired Mumbai-based BillDesk for $4.7 billion. The acquisition is being done through Prosus’ global fintech business PayU.

“The proposed acquisition will see PayU, the payments and fintech business of Prosus which operates in more than 20 high-growth markets, become one of the leading online payment providers globally by volume,” Prosus said in a statement.

PayU India and BillDesk run complementary businesses and the two expect to create a financial ecosystem handling four billion transactions annually, which would be four times PayU’s current level in India. The combined entity would have a total payment volume (TPV) of $147 billion. Founded in 2000, BillDesk had a TPV of over $90 billion in 2020-21. PayU has a TPV of $55 billion across India, Latin America and EMEA.

PayU’s fourth buy

This is the fourth acquisition by PayU in India after CitrusPay, Paysense and Wibmo. This marks the largest exit by an Indian start-up through an acquisition, zooming past Snapdeal’s $400-million acquisition of Freecharge, and BYJU’s $950-million buy of Aakash Educational Services.

Bob van Dijk, Group CEO of Prosus, said: “We’ve invested close to $6 billion in Indian tech to date, and this deal will see that increase to more than $10 billion… Along with classifieds, food delivery, and education technology, payments and fintech is a core segment for Prosus, and India remains our No 1 investment destination.”

Noting the complementarity of the two companies, Dijk said in a media call that payments systems need scale to be efficient.

Anirban Mukherjee, CEO of PayU India, said the company hopes to provide a full fintech ecosystem of diversified products. “We will take time to figure out how to bring the platforms together. Anything we do will be in consultation with the RBI,” he said on the roadmap.

MN Srinivasu, Co-founder of BillDesk, said in a statement that the investment by Prosus validates the significant opportunity in India for digital payments that is being propelled by innovation and the progressive regulatory framework put into place by the RBI.

Prosus, which came from Naspers, invests in areas including health, logistics, blockchain, and social commerce. It is known for its 28.9 per cent stake in Tencent and has also invested in Indian firms including Swiggy.

[ad_2]

CLICK HERE TO APPLY

Leave a comment , , , , , , , , , , ,

2 Stocks To Buy From The Midcap IT And Infrastructure Space

Personal Finance

[ad_1]

Read More/Less


Revenue growth for Birlasoft expected in mid teens in FY 2022

According to Emkay Global the demand remains robust across verticals, specifically in the areas of Cloud, Digital and Cybersecurity.

The management is confident of delivering revenue growth in the mid-teens in FY22, driven by strong deal intake (USD 861mn TCV in LTM; 13% YoY), robust deal pipeline and improving win rates, growing annuity revenue, and broad-based demand. Management indicated that the supply-side issue is the only constraint to growth and that Birlasoft could have achieved

revenue growth of 20% in FY22 in the absence of the talent crunch,” the brokerage has said.

The company expects the supply-side constraints to ease by the end of FY22. Annuity revenue is currently at 70% and management aims to take it to 75% by FY22-end, which would further improve revenue predictability.

“Management indicated that Birlasoft will continue to make investments to capitalize on demand. As part of its micro vertical strategy, Birlasoft has identified medical devices (part of Life sciences), high tech (part of Manufacturing; growing at over 20%), heavy industries (Cement, Building Materials; part of Manufacturing), and lending and payment (partof BFSI) as key micro verticals to focus on in order to accelerate growth. Birlasoft has also improved its partnership status with Microsoft Azure and AWS, while progress on Google cloud has been slow but may soon accelerate,” the brokerage has said.

Birlsoft: Buy for a price target of Rs 500

Birlsoft: Buy for a price target of Rs 500

“The management remains confident of accelerating revenue growth on the back of broad-based demand and increased traction in the areas of Cloud, Digital and Cybersecurity. While the shortage of talent is a constraint on achieving higher growth (20%), Birlasoft is confident of delivering revenue growth in the mid-teens in FY22,” the brokerage has said.

According to Emkay Global, supply side challenges persist due to an industry-wide shortage of talent. Management expects the situation to improve by the end of FY22. Supply-side hurdles, wage hikes and high subcontracting costs could limit any upside in margins in the near term. “Considering improving earnings predictability (annuity revenue at 70% from 60% in Q1FY21), strong earnings trajectory (25% EPS compounded annual growth rate over FY21-24E) and robust cash generation, we retain Buy on Birlasoft with a target price (Sep’22E) of Rs 500 at 25 times Sep’23E EPS,” the brokerage has said.

Buy L&T says Motilal Oswal

Buy L&T says Motilal Oswal

Broking firm, Motilal Oswal is bullish on the stock of L&T and has recommended buying the stock for a price target of Rs 1,950. The brokerage remains optimistic and sees good value in the stock.

“L&T is our top pick in the wider Capital Goods space as a proxy to play India’s capex story. So far, weak order inflows have impacted the stock’s performance, but will gain momentum once final awarding picks up. We estimate an FY21-24E EPS CAGR of 24%, driven by 15% CAGR in the core E&C business and declining loss from the Hyderabad Metro. Over last

one month, L&T Infotech/ Mindtree/ L&T Technology Services rallied by 18%/28%/11%. Factoring in the current maret price of the listed subsidiaries (holding

company discount of 20%), our target price for L&T now stands at Rs 1,950. Adjusted for the valuation of subsidiaries, the core business is available at 14.3 times FY23E PE v/s its long-term one-year forward average P/E multiple of 22x. We maintain our Buy rating on the stock,” the brokerage has said.

Disclaimer

Disclaimer

The above stock is based on the report of Emkay Global and Motilal Oswal Investing in stocks is risky and investors should do their own research. The author, the brokerage firms or Greynium Information Technologies are not responsible for any losses incurred due to a decision based on the above article. Investors should hence exercise due caution as are at record peaks. Please consult a professional advisor.



[ad_2]

CLICK HERE TO APPLY

Leave a comment
1 … 395 396 397 398 399 … 16,278