India (National)
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Dheeraj's coverage demonstrates a strong focus on finance and economy, particularly in relation to banking, financial services, government policies, and online applications for financial transactions. Given the significant proportion of press releases and government announcements in his coverage attributes, it is evident that he frequently reports on official statements and industry developments.
When reaching out to Dheeraj Tiwari with pitches or expert commentary opportunities, consider offering insights related to regulatory changes in the banking or financial services sector. Additionally, providing analysis of new programs or initiatives within this space could be valuable. As there is no specific geographic focus indicated for Dheeraj's coverage area, experts with knowledge of global finance trends as well as those focused on India may find their insights relevant for potential collaboration.
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By: Dheeraj Tiwari, Yogima Seth Sharma
Banks want arbitration back for big infrastructure disputes. They fear new rules will slow down payments and hurt sector funding. The government removed arbitration for projects over ₹10 crore. This change aims for faster settlements through mediation. However, banks worry about long court battles and delayed recoveries. The move impacts various road project types.
The Centre is exploring ways to revive the stalled privatisation of IDBI Bank, people familiar with the matter told ET.
By: Dheeraj Tiwari, Deepshikha Sikarwar
The bids remain ‘alive and the government is examining legal provisions under the tendering framework that allows for bids to be accepted even if offers are below the reserve price, said the people cited above.
Banks are flagging increased fraud and loan defaults within self-help groups. To combat this, lenders are suggesting mandatory unique registration numbers for groups and their members. A central registry for cross-verification is also proposed. This aims to improve transparency and track loan exposures effectively. The government is already monitoring SHG-bank linkages.
Banks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This move aims to attract significant foreign currency inflows. Industry estimates suggest up to $40 billion could be raised. These measures will strengthen India's foreign exchange reserves. This will help manage rupee depreciation pressures.
By: Dheeraj Tiwari
The government is exploring increasing the credit guarantee cover for education loans. This move aims to allow banks to offer loans exceeding ₹7.5 lakh without requiring collateral. Discussions are underway between the Finance and Education ministries. The enhancement is expected to boost credit flow to the education sector.
By: Dheeraj Tiwari
The government is enhancing rural credit by integrating the Grameen Credit Score with the JanSamarth portal for faster loan processing. Regional Rural Banks will expand their customer base and diversify into investment credit, while also promoting digital lending platforms like e-KCC to boost financial inclusion.
The government is collaborating with banks to create a system for sharing borrower asset information. This aims to speed up the recovery of bad loans. Banks will also enhance their monitoring of cases before Debt Recovery Tribunals. Special Lok Adalats are planned to clear pending cases. Lenders are prioritizing high-value cases and using Lok Adalats for faster resolutions.
By: Dheeraj Tiwari
The government is enhancing financial safety nets for rural families. This initiative aims to cushion the impact of El Nino on farming. Efforts include improving loan access, expanding crop insurance, and speeding up claim payouts. Technology like satellite data will be utilized. The Pradhan Mantri Fasal Bima Yojana is also under review for broader coverage.
By: Dheeraj Tiwari
In response to a staggering ₹590 crore fraud uncovered in Haryana government accounts, the finance ministry has mandated that public sector banks must enhance their security measures. Banks are urged to conduct thorough reviews of their current practices, adopt more stringent Standard Operating Procedures, and strengthen security protocols to avert any future fraud incidents.
