Page 33 - Rbi

Superseding boards of two Srei companies not to roil markets, say bankers

The RBI on Monday superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance

Liquidity normalisation is upon us

Growth prospects have brightened and inflation outlook has eased, despite lingering concerns as to potential broad-based supply shocks

How new auto-debit rules that require customer consent will impact you

All kinds of recurring or auto-debit payments now require the customer's consent before they are cleared, mandate RBI's new rules. What does this mean and how will it impact you?

New order for NBFCs

RBI's timely action on Srei shows willingness to use its powers

Merchants hit by revision in payment norms form an alliance

Hit by a revision in payment norms by the RBI, online merchants like Netflix, Facebook and Future Generali on Tuesday announced the formation of a grouping to take up common causes. The changes on e-mandates effected by the RBI from October 1 are intended to make the ecosystem more robust but with only six banks complying with the revised norms, the preparedness of the banking sector is questionable and there is bound to be value erosion in the merchant-customer relationships as the latter face inconveniences, as per an official statement from the body. The Merchant Payments Alliance of India (MPAI), which also has other members including Disney+Hotstar, Bookmyshow, Microsoft, Spotify, Times Internet and Zoom, will work towards such causes by addressing and constructively engaging with the payments regulator and industry. "The MPAI sees itself as a collective, using the operational experience of merchants, to engage on policy matters such as the e-mandate issue, which will help redu

Explained: How a problem turned into crisis for Srei Infrastructure Finance

But those in the know say that trouble at Srei had been brewing for a while now

RBI supersedes boards of 2 Srei companies; insolvency process to begin soon

Ex-BoB official named administrator of the companies

Banks' rejection of debt recast turns into a deathblow for SREI

The SREI Group firms' business has been badly hit due to Covid; SREI mulls legal recourse over RBI's decision to supersede Group firms' boards

Reserve Bank of India grants licence to NARCL under Sarfaesi Act

The NARCL has been incorporated under the Companies Act, and public sector banks will hold 51 per cent in the bad bank

Recurring pain

RBI must re-examine its auto-debit restrictions

RBI may again opt for status quo on key policy rate next week, say experts

Amid rising global commodity prices and the need to contain inflation at home, RBI is likely to maintain status quo on interest rates for the eighth time in row, according to experts

Foreign Exchange reserves down by $997 million to $638.646 billion

The country's foreign exchange reserves declined by $997 million to reach $638.646 billion in the week ended September 24, RBI data showed on Friday

Decoded: Should you try peer-to-peer lending to maximise your returns?

Looking for investment options for high returns? P2P lending could get you 9-12% interest rate? Appealing, right? But there are some riders. Let's understand all about peer-to-peer lending.

In Focus: Will your recurring payments fail from today?

The Reserve bank of India's latest rules on auto-debit transactions come into force from today. What will change for the consumers? Will their recurring payment mandates fail? Let's find out

TMS, Ep 11: New auto-debit rules, RIL board member row, markets in H1, FY22

Do investors have a case in opposing RIL's move to appoint Aramco chairman to its board? Will your recurring payments fail from today? What is peer-to-peer lending? Get answers in this episode

India current account surplus at 0.9% in Q1FY22 after previous qtr deficit

Low fuel demand, higher NRI remittances drive surplus

Prevent auto-debit failures by registering once again, say experts

If bank and service provider are not compliant, pay manually, or give standing instruction linked to bank a/c

India's external debt at $571.3 bn at June-end, up $1.6 bn from March: RBI

India's external debt stood at $571.3 billion at end-June, recording an increase of $1.6 billion over its level at the end of March 2021, the RBI said on Thursday

Non-food bank credit grows 6.7% in August, shows Reserve Bank data

The non-food bank credit grew by 6.7 per cent in August 2021 as compared to 5.5 per cent in the year-ago month, RBI data showed

Foreign exchange reserves rise $34.1 bln in June quarter: RBI data

The country's foreign exchange reserves in nominal terms, including valuation effects, increased by USD 34.1 billion during the June quarter compared to $27.9 bn in year-ago period, RBI data showed