Page 22 - Rbi

Analysts bullish on NBFCs despite RBI's PCA framework

The PCA being extended to NBFCs may prove to be a good decision for the long-term as it will encourage good practises and is also expected to improve governance

Jury still out on giving bank licences to industrial houses: RBI official

Given that banking is a highly leveraged business dealing with public money, it makes sense to keep industry/business and banking separate, says RBI deputy governor M Rajeshwar Rao

More clarity on shadow banking

New regulations for stressed NBFCs harmonise with those for banks

LIVE: West Bengal govt extends existing Covid restrictions up to Jan 15

Restrictions related to the movement of people and vehicles between 11 pm and 5 am shall be relaxed for Christmas and New Year celebrations

Pilgrims to Kartarpur gurudwara can carry up to Rs 11,000, says RBI

The Reserve Bank said this in a statement titled 'Lower currency limit for pilgrims visiting Gurudwara Darbar Sahib in Kartarpur'

High frequency indicators look upbeat, RBI officials on state of economy

A host of incoming high frequency indicators are looking upbeat and consumer confidence is returning gradually, an article on the state of economy written by RBI officials has observed. The article published in the RBI Bulletin also stated the global economy remains hostage to heightened uncertainty, with Omicron sparking fresh containment measures. The Indian economy bounced back strongly in the second quarter of 2021-22, with GDP surpassing its pre-pandemic levels, and inflation broadly aligning with the target. "The Indian economy continues to forge ahead, emerging out of shackles of pandemic," stated the article authored by RBI officials. It further observed the ongoing revival is driven by a confluence of factors -- release of pent-up demand, government's push for capital expenditure, robust external demand and normal monsoon. Faster resumption of contact-intensive services and speedy restoration of consumer confidence brightens near-term prospects, it said. The RBI clarifi

RBI introduces tough PCA framework for large NBFCs, effective October 2022

PCA will be activated for large NBFCs once their capital adequacy falls by 300 bps, or net NPA ratio rises above 6%

EPFO invested Rs 2,500 cr in Reliance Capital's bonds: FinMin

Last month, the Reserve Bank had superseded Reliance Capital's board, citing defaults and governance issues

Cryptos 'may figure' on RBI central board meet agenda on December 17

It is not unusual for the RBI board to deliberate on matters not listed on the agenda

Top headlines: PCA framework for NBFCs; Nov WPI inflation spikes to 14.23%

Business Standard brings you the top headlines on Tuesday

RBI issues prompt corrective action framework for NBFCs

The PCA framework for NBFCs shall come into effect from October 1, 2022, based on the financial position of NBFCs on or after March 31, 2022

What does a scheduled bank status mean for Paytm Payments Bank?

After a choppy IPO debut, Paytm received the RBI nod to operate as a scheduled payments bank. How does it change things for the company? This report makes sense of Paytm Payments Bank's new status

The good and not so good of new bank ownership norms

Isn't it time to review the 'fit and proper' criteria for banking licence, particularly with reference to individuals applying for it?

Entire loss of PMC Bank being thrust on depositors: Sahakar Bharati to RBI

Repay PMC depositors' money in 5 years and pay at least 6% interest per annum, the umbrella body of co-operative organisations tells RBI

Reserve Bank may rationalise some payment charges, says industry

Others say central bank may relook zero merchant discount rate on RuPay, UPI

LIC gets central bank approval to hike stake in IndusInd Bank to 9.99%

LIC is one of the biggest institutional investors in India's stock market and has a stake in a number of private and public sector banks.

RBI enforces 20-digit LEI for cross-border deals above Rs 50 crore

The Legal Entity Identifier (LEI) number is used to uniquely identify parties to financial deals worldwide to improve quality and accuracy of financial data systems

Nasscom makes recommendations to RBI on Card-on-File tokenisation

BIN ranges are required to identify if EMI is supported by a card network or not. BIN ranges also help in identifying routing of a transaction.

Paytm Payments Bank receives scheduled bank status from RBI

With the scheduled bank status, the bank can explore new business opportunities

Crypto may erode central bank's control over money supply: Former RBI Guv

Rao, who served as the governor of RBI from 2008 to 2013, said the central bank digital currency also needs robust data protection laws