Mon, Jan 15, 2024
The draft circular said, "It has been decided that henceforth, with effect from the date of this circular, the public deposits accepted or renewed by HFCs shall be repayable after a period of 12 months or more but not later than 60 months. Existing deposits with maturities above sixty months shall be repaid as per their existing repayment profile."
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FinTechs are significantly reshaping the landscape of financial services by streamlining processes, improving accessibility, and reducing costs, the central bank said, while issuing a draft framework for recognising Self-Regulatory Organisations for FinTech Sector (SRO-FT).
Thu, Jan 04, 2024
The regulator in separate statements on Thursday said in an order dated December 13, 2023, it imposed a Rs 5 lakh penalty on the Vadodara-based Shree Bharat Co-operative Bank for non-compliance with its directions on the placement of deposits with other banks by urban primary cooperative banks and flouting its norms on interest rate on deposits directions of 2016.
Thu, Mar 03, 2022
Reserve Bank on Thursday announced the launch of next round of households surveys to capture inflation expectations and consumer confidence.
Wed, Feb 16, 2022
Shares in the NBFC space have shown a healthy gains on Wednesday as the RBI provided an extension for the implementation of the new NPA rules.
In a big relief to the NBFCs, the Reserve Bank of India (RBI) has deferred implementation of its 12 November circular on the Non-Performing Assets (NPAs) till 30 September 2022. The banking regulator's relief came in after the Non Banking Finance Companies apprised the Central Bank about the difficulties being faced by the sector.
Fri, Feb 11, 2022
Stating that the RBI has surprised everyone with its status quo on rates and accommodative stance for the 10th time in a row and a lower forecast for inflation and growth for FY23, SBI Research said that with this, the central bank has set a clear distinction between policy strategy and policy stance and that these can coexist simultaneously.
Thu, Feb 10, 2022
Reserve Bank of India (RBI) permitted the banks in India to offer Rupee interest rate derivatives such as overnight indexed swaps (OIS) to non-residents.
Foreign Portfolio Investors (FPIs) will have their voluntary retention route (VRR) cap raised by Rs 1 lakh crore to Rs 2.50 lakh crore, given the increased interest shown by them, Reserve Bank of India Governor Shaktikanta Das announced on Thursday.
Arvind Chari – CIO, Quantum Advisors decodes the RBI MPC policy outcome and its impact on bond markets and funds which investors can bet on.
Wed, Feb 09, 2022
Finance Minister Nirmala Sitharaman is scheduled to address the post-budget meeting of the RBI's central board on Monday
Mon, Feb 07, 2022
The Reserve Bank of India (RBI) on Sunday announced rescheduling the meeting of rate-setting Monetary Policy Committee (MPC) by a day in view of Maharashtra declaring public holiday on February 7 to mourn death of Bharat Ratna legendary singer Lata Mangeshkar.
Fri, Feb 04, 2022
Chari expect the RBI and the MPC to re-calibrate its monetary policy stance in its meeting next week.
RBI is unlikely to change key policy rates next week according to US brokerage firm Bank of America Securities.
Thu, Feb 03, 2022
RBI has cautioned the public not to undertake forex (foreign exchange) transactions on unlicensed Electronic Trading Platforms (ETPs) or to remit/deposit money for such transactions.
Thu, Jan 06, 2022
Rishi Gupta, Fino Payments Bank, talks about his business outlook for 2022 during a candid chat with Swati Khandelwal, Zee Business.
Thu, Dec 30, 2021
The Reserve Bank has approved the appointment of Rajeev Ahuja as the interim MD and CEO of RBL Bank for three months or till there is a regular appointment.
RBI has announced that it has extended the deadline for periodic KYC update by 3 months till March 31, 2022.
In a report released on Wednesday, RBI Governor Shaktikanta Das mentioned that even ahead of Omicron, global growth and trade had begun to lose pace, stalled by formidable headwinds from supply disruptions and bottlenecks, logistics dysfunctions, shipping charges and port congestions as well as shortage in key intermediates and personnel.
Wed, Dec 29, 2021
Foreign portfolio investments (FPIs), who were net sellers in the cash segment of Indian equity markets in 8 out of the 12 months in 2021, cumulatively poured in over Rs 51,000 crore into the Indian markets in 2021.
Tue, Dec 28, 2021
Shares of RBL Bank were trading with over 2 per cent gain on Tuesday, a day after slipping more than 18 per cent on Monday
Fri, Dec 24, 2021
Financial inclusion appears to have gone up, with the level of the RBI's financial inclusion index rising from 49.9 in March 2019 to 53.1 in March 2020 and further to 53.9 in March 2021, Patra said at an event organized at Indian Institute of Management (IIM), Ahmedabad.
"We also call upon the RBI to take steps to ensure readiness across all banks. Should bank readiness not come through in a timely and robust manner, we stand the risk of finding ourselves in the same predicament again in June as now," said Sijo Kuruvilla George, Executive Director, ADIF.
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