Page 11 - Rbi

Microfinance lenders cannot charge usurious interest rate: RBI

Microfinance lenders cannot charge usurious rate of interest from borrowers, the Reserve Bank said on Monday

RBI lifts interest cap on microfinance institutions, bans usurious rates

Borrower cannot be charged any amount not been explicitly mentioned in a factsheet, says regulator.

HDFC Bank gains 3% as RBI lifts restrictions on new digital initiatives

This moves comes as a positive for HDFC Bank as this will paddle growth opportunities, said brokerage ICICI Securities.

IIFCL expects to disburse Rs 50,000 crore in the next financial year

Outstanding advances stood at Rs 37,688 crore at the end of September 2021. They rose from Rs 33,637 crore in March 2020 and Rs 36,647 crore in March 2021, according to ICRA.

Blame it on oil

The crude shock can turn into a nightmare for both the government and the RBI

Taking immediate steps to comply with RBI directions: Paytm Payments Bank

This is the third time that Vijay Shekhar Sharma-promoted Paytm Payments Bank (PPBL) is facing action from the banking regulator since its inception in May 2017

RBI lifts all restrictions on HDFC Bank's new digital launches

'Reserve Bank of India has lifted the restriction on the business generating activities planned under the Bank's Digital 2.0 programme,' announced HDFC Bank

HDFC Bank says RBI has lifted all curbs on bank's new digital launches

'Reserve Bank of India has lifted the restriction on the business generating activities planned under the Bank's Digital 2.0 programme,' announced HDFC Bank

India's forex reserves rise by $394 million to $631.92 billion: RBI data

India's foreign exchange (forex) reserves rose by $394 million to $631.92 billion in the week ended March 4 led by a sharp jump in foreign currency assets, the Reserve Bank of India (RBI) data showed.

RBI bars Paytm Payments Bank from acquiring customers, calls for IT audit

The ban on customer acquisition shall cripple business growth for Paytm PB, which is targeting to add half a billion customers to its fold

Data localisation not a solution; compliance to laws top priority: Visa CEO

The RBI mandate on data localisation is not the best solution to address concerns regarding information security, global cards major Visa said on Friday.

Bank loans rose 7.9% YoY in two weeks to Feb 25, deposits up 8.6%: RBI

March 11 (Reuters) - Indian banks' loans rose 7.9% in the two weeks to Feb. 25 from a year earlier, while deposits rose 8.6%, the Reserve Bank of India's weekly statistical supplement showed

Govt appoints SBI managing director Ashwini Bhatia as Sebi member

The government has appointed State Bank of India (SBI) managing director Ashwani Bhatia as whole-time member (WTM) of the Securities and Exchange Board of India (SEBI)

Commodity surge could pressure RBI to normalise more quickly: S&P

MUMBAI (Reuters) - The Reserve Bank of India may feel pressure to tackle inflation sooner than it expected following a surge in global commodity prices, sovereign ratings analyst Andrew Wood of S&P Global Ratings said on Thursday.

India needs to recalibrate response to price pressure: Raghuram Rajan

Asked whether he is worried about the India growth story, he said India benefited from the low crude prices from 2014 onwards and now it is payback time

Not authorised any external entity to address public grievances: RBI

'Instances of misinformation being spread through certain sections of the social media about the Reserve Bank - Integrated Ombudsman Scheme 2021 (RB-IOS) - have come to the notice of the RBI'

We see clear advantages in a central bank driven digital currency: FM

FM Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the RBI and the government sees clear advantages in a central bank driven digital currency

Interest subsidy scheme for exporters extended till March 2024: RBI

The Reserve Bank on Tuesday extended the interest equalisation scheme for pre and post shipment rupee credit for MSME exporters till March 2024 with the objective of boosting outbound shipments.

RBI deepens digital pay infra, launches UPI for 400 mn feature phone users

UPI is on course to reach Rs 100 trillion in value of transactions, said Governor Shaktikanta Das

Small finance banks seek an urgent extension of time limit for listing

These banks have cited the 'accepted recommendations 31 and 27' of the Reserve Bank of India's (RBI's) Internal Working Group (IWG) to buttress their request