Page 30 - Rbi

RBI announces new scale-based regulatory guidelines for NBFCs

The new framework will have a four-tier structure with only about 25 to 30 of the 9,000-plus NBFCs in the top two tiers with the strictest regulations.

RBI sees need for continued policy support: MPC minutes

The Reserve Bank of India's MPC left key rates unchanged at record lows earlier in the month

Razorpay Launches 'TokenHQ' to help businesses comply with RBI guidelines

Almost the entire base of 5 million businesses using Razorpay's services will be ready to support tokenised card transactions.

Scale-based regulatory framework for NBFCs optimal approach: RBI Deputy Guv

"Developments around harsh recovery practices, breach of data privacy of digital lenders has dented the credibility of the whole system," Rao said

New recurring payment norms: 20 days later, people still face disruptions

Many banks, merchants not fully compliant yet despite extension of deadline

RBI unions ask Guv Shaktikanta Das to break deadlock in wage talks

The governor's office has assured the unions of an early resolution

Need of the hour is to focus on supply-side reforms, says RBI

Says policy support for sustained, inclusive recovery may be needed for longer

RBI imposes Rs 1 crore penalty on State Bank of India

'This action is based on the deficiencies in regulatory compliance,' says RBI

RBI says longer policy support is needed for sustained economic recovery

Earlier this month, RBI monetary policy committee kept interest rates steady at record lows and reiterated the need to unwind pandemic-era stimulus only gradually

Best of BS Opinion: Why RBI has 'shocked' Srei, digitisation of farm data

Here are the top BS Opinion articles of the day

Why Reserve Bank has 'shocked' Srei

It seems that the RBI had very little choice as the promoters did not infuse fresh capital, make adequate provisioning and improve corporate governance

Liberalising capital account

Further opening up would increase risks

Floating rate funds can cushion interest rate volatility: Rahul Goswami

Goswami says case for normalisation of monetary conditions is starting to pick up pace, and next step will be to narrow the policy rate corridor closer to pre-pandemic level

Top headlines: RBI on capex, US to lift curbs on vaccinated travellers

Business Standard brings you the top headlines at this hour

India to remain accommodative in its monetary policy: RBI governor

India is witnessing a very robust economic recovery, but there is still unevenness across sectors, RBI Governor Shaktikanta Das said

States must step up capex, says RBI governor Shaktikanta Das

Quality spending can have multiplier effect, says Das

Unity Small Finance Bank plans to tap 100 million Payback users

The proposed business model is one of collaboration and open architecture

RBI clears re-appointment of Amitabh Chaudhry as MD of Axis Bank

The Reserve Bank on Thursday approved re-appointment of Amitabh Chaudhry as managing director of private sector Axis Bank for a period of three years. The extended three-year term would be effective from January 1, 2022, Axis Bank said in a regulatory filing. "The Reserve Bank of India vide its letter dated October 14, 2021, has approved the re-appointment of Amitabh Chaudhry as the Managing Director & CEO of the bank, with effect from January 1, 2022 till December 31, 2024," it said. The board of the bank had in April approved the extension of his tenure for further period of three years subject to regulatory clearance.

Centrum soars 19% as RBI grants SFB license to consortium with BharatPe

The RBI has issued a Small Finance Bank license to the Centrum Group-BharatPe consortium; new SFB has been incorporated as 'Unity Small Finance Bank'

RBI issues SFB licence to Centrum-BharatPe consortium

'Unity Small Finance Bank' will start with at least Rs 1,500-cr loan book, says Centrum