https://www.taxtmi.com/news?id=24999 The commercial banking system has withstood the pandemic shock with bank credit growth at 9.2%, stronger personal, agricultural and MSME credit, and supportive monetary transmission driven by surplus liquidity, accommodative policy and external benchmarking. Regulatory reforms are central: the Factoring Regulation (Amendment) Act, 2021 expands and liberalizes factoring with strengthened RBI oversight to improve MSME liquidity, while the Deposit Insurance and Credit Guarantee Corporation (Amendment) Act, 2021 redefines deposit insurance coverage. Parallel market developments include UPI's dominance in retail payments, rising NBFC credit intensity, significant equity issuance activity, mutual fund AUM growth, increased pension scheme participation, and noted movements in bank asset quality metrics. en-us Mon, 31 Jan 2022 15:24:45 +0530 Mon, 31 Jan 2022 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24999 The commercial banking system has withstood the pandemic shock with bank credit growth at 9.2%, stronger personal, agricultural and MSME credit, and supportive monetary transmission driven by surplus liquidity, accommodative policy and external benchmarking. Regulatory reforms are central: the Factoring Regulation (Amendment) Act, 2021 expands and liberalizes factoring with strengthened RBI oversight to improve MSME liquidity, while the Deposit Insurance and Credit Guarantee Corporation (Amendment) Act, 2021 redefines deposit insurance coverage. Parallel market developments include UPI's dominance in retail payments, rising NBFC credit intensity, significant equity issuance activity, mutual fund AUM growth, increased pension scheme participation, and noted movements in bank asset quality metrics. News - Mon, 31 Jan 2022 15:24:45 +0530 https://www.taxtmi.com/news?id=24999