Page 18 - Rbi

RBI Governor-headed FSDC sub-committee reviews economic situation

The FSDC sub-committee reviewed the economic situation in the backdrop of the COVID pandemic and resolved to keep a close watch on the unfolding developments with a view to ensure financial stability

Gauging the impact of Omicron on the country's GDP though the MPC lens

It is widely accepted that the Omicron spread would impact the ongoing quarter but it would be much softer than that of the second wave on the first quarter of the current fiscal

RBI's rules on online transactions mean for consumers and merchants

To make online transactions secure, the RBI has asked merchants & payment gateways to remove customer data on cards saved with them and use encrypted tokens. Here's how it will impact digital commerce

Increasing interest rates

Markets will adjust to tighter financial conditions

Banks have written off double the amount recovered in last 5 yrs: RBI data

Public sector banks write off Rs 7 trillion in 5 years, which is double the govt's capital infusion since 2014

RBI hikes threshold for deposits of non-financial small biz customers

This, the RBI said, has been done to better align guidelines with the Basel Committee on Banking Supervision standard

Centre seeks relaxation in promoter shareholding cap for IDBI Bank sale

The Centre has sought relaxing the 26-per cent cap for new promoters of IDBI Bank, as it looks to initiate a strategic divestment of the lender.

RBI releases eligibility criteria for 'specified users' of CICs

The criteria sets out the requirements for the entities to become eligible as Specified User of CIC under the Credit Information Companies (Amendment) Regulations, 2021

RBI may not tinker with key rates in FY22 due to Omicron spread

May nudge market rates by managing liquidity

Airtel Payments Bank gets permission to function as scheduled bank from RBI

Airtel Payments Bank is among the fastest-growing digital banks in the country, with a base of 115 million users

HDFC Bank, ICICI Bank, SBI are domestic systemically important lenders: RBI

Essentially, systemically important banks are the ones perceived as too big to fail. Such a perception creates an expectation of govt support for these banks at times of distress

RBI cancels authorisation certificates of two payment system operators

Both the Payment System Operators (PSOs) had authorisation for issuance and operation of prepaid payment instruments

RBI appoints Ajay Kumar Choudhary, Deepak Kumar as new Executive Directors

Prior to being promoted as ED, Kumar was heading the Department of Information Technology of the RBI, while Choudhary was Chief General Manager-in-Charge, Department of Supervision

RBI notifies market making scheme to promote retail participation in G-Secs

Prime Minister Narendra Modi had launched the RBI Retail Direct Scheme launched on November 12, 2021, to provide one-stop access to facilitate investment in government securities by retail investors

Axis Bank concludes structured derivative deals as RBI ban lifts

Axis Bank said first of these transactions was executed with Reliance Industries which involved the use of Barrier FX options for their currency risk management

RBI caps upper limit of offline payment transaction at Rs 200

An offline payment means a transaction not requiring internet or telecommunication (telecom) connectivity to take effect

RBI releases framework for offline digital payments

To push digital transactions in rural and semi-urban areas, the RBI on Monday issued a framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000.

RBI gives nod to Fino Payments Bank's international money transfer service

Customers of Fino Payments Bank will be able to receive remittance money sent from overseas as it has been granted approval by RBI to offer the international money transfer service.

How l'affaire RBL Bank may impact RBI's equation with entities it regulates

Private banks' CEO tenures have been in the spotlight since the RBI released its discussion paper on governance in commercial banks in 2020

Banking at a crossroads: Why 2022 may well be another reset year

Pandemic-related regulations are set to run their course and an uptick in interest rates is in the offing.