Page 146 - BFSI CHRONICLE 3092022.indd

BFSI Chronicle, 11 Edition September2022
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fINANCIAL SNIPPETS

July 22 • Bad loans recovery at Rs. 8.6 trillion

• Bank rate transmission faster under external • Deposit Insurance in India is better than global
benchmark model norms

• Finance Ministry asks banks to explore fin tech • Tiered regulated framework for Cooperative
partnerships, co-lending opportunities Banks

• Cooperative banks to use JAMs ( Jan Dhan, • Bank fraud cases have come down by 50%
Aadhaar, Mobile)
• NPAs to be around 5-5.50% by March 2024 as
• RBI battles rupee slump with a multipronged per S&P
strategy
• Record high FDI in FY 22 at Rs.6.31 trillion
• RBI stops BNPL
• Bank frauds to the extent of Rs.3204 Cr in FY 22
• RBI acts to enhance foreign fund inflows, stabilise
rupee

• Half of corporate loans are unhedged as per RBI August 22

• NPCI is working on an alternative to SWIFT • RBI - FI index improves in 2022 across all
parameters
• Services PMI at 59.2 in June - highest since April
2011 • Indian Economy is an island of Financial stability
as per RBI Governor
• Govt. constitutes FSIB to recommend persons for
Financial Services Institutions • All 12 PSBs on boarded on Account Aggregator
System
• RBI sets up system to settle global trade in rupees
• Factory output at 8 months high in July 22
• PSB to go live on Account Aggregator system
by July 22 • Credit Card sign ups have gone up

• NPA at six year low • Services exports may beat recession woes, hit r

• MTM( mark to market ) losses expected to touch • Monetary Policy on 5th August 22 -highlights
Rs. 13 000 Cr on rising bond yields
• Repo rate : MPC takes unanimous decision to
• Bank credit grows at 13.29% and Deposits at raise benchmark lending rate by 50 bps to 5.40%
9.77% as on 1 st Jul 22
• Policy stance: MPC decides to focus on withdrawal

The Institute Of Cost Accountants Of India

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