RBI cautioned the public against sRide car-pooling app saying the tech firm offers semi-closed (non-closed) pre-paid instrument (wallet) services without authorisation from the central bank.
Some were even on the verge of reducing central liability to zero
Travel, studies abroad lead the surge as Covid-19 restrictions ease
Foreign exchange players said the move is positive for rupee and will push up dollar/rupee forward premium
Advises separate web page for regulatory reporting
The Poonawalla Fincorp AUM was flat at Rs 15,228 crore at the end of December 2021 against Rs 15,006 crore in December 2020
His prior appointment in the bank since September 23, 2020 was as President
The Reserve Bank of India's move last week to keep the reverse repo rate unchanged surprised markets, which had expected the bank to raise rates to begin policy normalization
Market participants say this means comfortable cash position govt's which is also reflected in cancellation of bond auction twice in this month
Commercial banks in India have revised their deposit rates upward by 5-15 bps in an indication that the interest rate cycle has turned amid uptick in loan demand
RBI's decision to defer the implementation of revised NPA norms by six months for finance companies will save them from the burden of making additional provisions
RBI had on November 12, 2021, introduced tighter asset quality reporting norms for all lenders, which brought in housing financiers and NBFCs on par with commercial banks
Citigroup sees the Reserve Bank of India lifting the repurchase rate no earlier than October, versus its earlier August prediction
FY23 Budget proposals, recent monetary policy set tone for broad-based economic revival, says RBI
These firms account for 10% of bank credit in India, shows the study
The manufacturing sector will need continued policy support for smoother and faster recovery to attain the long-term trend path, according to a Reserve Bank article.
The cross-country evidence suggests that if the logistical and financial challenges are carefully navigated, experiments of centralised bad bank can have more hits than misses: RBI article
The Reserve Bank allowed some relaxation in the stricter prudential norms announced for all lenders, including shadow banks
In the auctions on Tuesday, states borrowed Rs 12,100 crore from the market compared with Rs 14,200 crore last week, with most of them opting for longer-term borrowing
India's retail inflation is now over the upper limit of the Reserve Bank of India's tolerance band, accelerating to a seven-month high just above 6% in January