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Friday, Apr 05, 2024
Journalism of Courage
RBI defers exchange traded currency derivatives norms
April 5, 2024 05:40 IST
Deferred to May 3 from April 5
Despite higher valuation, optimism and faith leading to investments in India: SEBI Chief
April 3, 2024 09:48 IST
In the last 12 months, Rs 10.5 lakh crore has been raised by the industry from the capital markets.
In first meet for FY25 in April, why MPC will likely keep repo rate unchanged
April 1, 2024 04:15 IST
According to Deutsche Bank’s Das, the RBI is expected to keep its FY25 CPI inflation forecast unchanged at 4.5%, while the next fiscal year's growth forecast could be raised to 7.4% from the current 7%.
RBI tweaks norms for investment in AIFs by lenders
March 28, 2024 05:14 IST
In December last year, the RBI directed banks, NBFCs and other lenders not to invest in any scheme of alternative investment funds (AIFs) which has downstream investments in a debtor company.
RBI’s regulatory clampdown on banks, NBFCs may lead to higher cost of capital: S&P Global
March 27, 2024 09:34 IST
"India's regulator has underscored its commitment to strengthening the financial sector. But the increased regulatory risk could impede growth and raise the cost of capital for financial institutions,” said Geeta Chugh credit analyst S&P Global in a report on Tuesday.
IRDAI approves 8 principle-based regulations
March 24, 2024 05:00 IST
The IRDAI (Bima Sugam - Insurance Electronic Marketplace) Regulations, 2024, aims to establish a digital public infrastructure named Bima Sugam towards universalization and democratization of insurance as well as empowering and safeguarding policyholders' interests and achieve the vision of "Insurance for all by 2047”, IRDAI said.
India central bank takes delivery of $5 billion dollar/rupee swap, bankers say
March 11, 2024 23:13 IST
The Reserve Bank of India's dollar/rupee sell-buy swap conducted in March 2022 matured on Monday. The central bank had the option to take delivery of the swap, roll it over entirely, or opt for a partial rollover.
Brajesh Kumar Singh is new Executive Director, Indian Bank
March 10, 2024 19:48 IST
Prior to taking up the new responsibility, Singh was serving Bank of Baroda as its Chief General Manager - Human Resources.
RBI norms may force Tata Sons to consider mega IPO
March 9, 2024 19:28 IST
With an estimated valuation of Rs 11 lakh crore, Tata Sons is reportedly looking to sell 5 per cent in the IPO, which makes up to about Rs 55,000 crore, according to a report by a broking firm.
Ban on Paytm Payment Bank: 85% of Paytm wallet users unlikely to be impacted, says RBI Governor Das
March 14, 2024 10:37 IST
The RBI has advised the Paytm Payment Bank (PPBL) to shift the remaining Paytm wallet users, whose app is linked only to the payment bank account, to other banks.
Customers can choose from multiple card networks: RBI
March 7, 2024 04:35 IST
Card issuers should not enter into any arrangement or agreement with card networks that restrain them from availing the services of other card networks, the RBI said in a circular.
RBI asks card issuers to give users choice of other networks
March 6, 2024 10:52 IST
"On a review, it is observed that some arrangements existing between card networks and card issuers are not conducive to the availability of choice for customers," the Reserve Bank of India (RBI) said in a circular.
Ex-LIC chief MR Kumar joins BoI as non-executive chairman
March 5, 2024 17:44 IST
Kumar, a science graduate from the University of Madras, also serves on the board of Ambuja Cements
RBI bars IIFL Finance from sanctioning, disbursing gold loans
March 5, 2024 04:00 IST
RBI detects regulatory violations, says no corrective action taken by IIFL
AMFI asks MFs to limit inflows in small, mid-cap funds amid a buildup of ‘froth’
February 29, 2024 02:52 IST
Small and mid-cap funds have seen a surge in inflows from investors led by higher-than-expected performance of companies in these segments. Many analysts have raised concerns over the valuation of small and mid-cap stocks which poses risks for investors.
‘Investors can get higher risk adjusted returns from debt funds than bank savings accounts’: Ganesh MohanSubscriber Only
February 26, 2024 07:44 IST
In an interview with Indian Express, Ganesh Mohan says the risk adjusted returns that investors could get in liquid funds or even in any kind of debt funds, could be higher than savings accounts of banks. Excerpts:
GDP growth to slow down to 6.5% in FY25: Morgan Stanley
February 22, 2024 04:40 IST
The RBI’s Monetary Policy Committee recently projected a lower GDP growth of 7 per cent for FY 2025, down from 7.3 per cent projected by the National Statistical Office for FY24.
Outward remittances surge 28% to $2.4 bn in December
February 21, 2024 04:27 IST
Indians spent US$ 267.56 million on education abroad in the reporting month, compared to $207.55 million in November.
No top-up or transfer of money to Paytm Payments Bank accounts after March 15: RBI’s new FAQs
February 17, 2024 09:56 IST
Last month, the RBI had barred Paytm Payments Bank from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, FASTags and NCMC card after February 29, 2024 in the wake of persistent non-compliances and material.
RBI Governor asks bank chiefs to be vigilant against risk build-up
February 15, 2024 04:35 IST
Das made this observation at a meeting with the MDs and CEOs of PSU banks and select private sector banks. Governor in his remarks complimented the banks on their improved financial performance and that of the whole banking sector.
RBI asks Visa, Mastercard to halt card-based commercial payments
February 15, 2024 05:04 IST
While the RBI has not officially announced the reasons for the directive, fintech companies active in the segment said such transactions are being done at outlets which are not authorised to accept such payments.
HDFC Bank Fixed Deposit Rates: India’s largest private lender to offer up to 7.75% interest
February 9, 2024 16:12 IST
HDFC Bank had earlier received RBI’s approval to acquire up to 9.5 per cent stake each in six lenders – Axis Bank, Suryoday Small Finance Bank, ICICI Bank, Bandhan Bank, Yes Bank, and IndusInd Bank – for a period of one year till February 4, 2025.
RBI asks banks, NBFCs to reveal more details to retail, MSME borrowers
February 9, 2024 04:46 IST
The RBI has decided to mandate all REs to provide the ‘Key Fact Statement’ (KFS) to the borrowers for all retail and MSME loans.
RBI has shared list of 442 lending apps with IT Ministry
February 10, 2024 08:41 IST
“RBI has shared a whitelist of 442 unique digital lending apps to MeitY, which has been shared with Google. Around 3,500 lending apps remain now after the review,” Joshi said.
Will have to seek an extension for PSBs to comply with minimum public shareholding: Vivek JoshiSubscriber Only
February 8, 2024 04:39 IST
With a lag in monetary transmission reflecting through slower deposit growth, public sector banks are being pushed to reach out to customers for shoring up deposits, said Financial Services Secretary Vivek Joshi, adding that the credit growth in the banking sector is likely to be 13.5-14.per cent in the financial year 2023-24 and is expected […]
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SportsUpdated: April 5, 2024 05:27 IST
The Chess Candidates Tournament 2024 Round 1 has begun with 16 top players, including five Indian grandmasters, competing for a chance to face world champions Ding Liren and Li Wenjun. The tournament will be a double round robin with 14 games, but former champion Magnus Carlsen will not be participating. Stay tuned for updates.
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