Conducts special variable rate repo operation to ease tight liquidity situation
This follows an RBI working group, tasked with studying digital lending by regulated and unregulated financial sector players, recommended creation of SROs to check the activities of such lenders
Apart from Rai, the SFB has appointed RBI veteran Sandip Ghose, former CMD of erstwhile Syndicate Bank Basant Seth, and former RBL Bank chief Subhash Kutte to its board
Rs 50,000-cr auction drew bids worth Rs 65,700 cr from the banking system; cut-off rate at 4.06%
The index, launched by RBI in Jan, has five broad parameters that enable the measurement of deepening and penetration of digital payments in the country over different time periods
The fugitive Kingfisher tycoon Vijay Mallya is facing the prospect of a humiliating eviction from the luxury Central London home he currently occupies.
It may be recalled that the RBI's Financial Stability Report of December 2021 had called attention to the retail credit growth model confronting headwinds
In the intra-day trade, the indices hit a low of 60,662 and 18,086, respectively
Infection surge due to Omicron has dented recovery only temporarily
The closing yield for the 2032 govt bond was 6.62% on Monday; RBI cut-off at auction was 6.54%
The article said foreign direct investment (FDI) plays a significant role in economic development of any country
In November 2020, the RBI had net bought USD 10.26 billion from the spot market
Among the seven large economies compared with the US, Britain, Japan, China, Russia, Brazil and South Africa, which also bore the brunt of the pandemic like us, India was the worst hit: RBI
An RBI article said "new emerging challenges warrant a second green revolution along with next-generation reforms"
The consumer financing business is showing signs of heightened stress
The RBI draft for banks' investment norms, experts say, will help trigger that change and develop the corporate bond market
RBI on Friday proposed new norms for the classification and valuation of the investment portfolio of banks, with a view to align them with the global prudential framework and accounting standards.
It was widely expected RBI would announce a three-day reverse repo auction of Rs 2 trn, rolling over last such auction conducted on Monday; that did not happen during market hours
Davis had a stint with Ujjivan SFB as its chief operating officer. He joined Ujjivan in March 2015 and headed the transition of Ujjivan's journey from a micro finance institution (MFI) to SFB
The eight NBFCs too cannot carry out the business of non-banking financial institutions