RBI Governor Sanjay Malhotra said the central bank is not considering imposing any charges on UPI transactions or the platforms
The measures include reduced paperwork and compliance burden for small exporters and importers
The guidelines are expected to enhance credit risk management practices, promote better comparability of reported financials across institutions, he said
Withdrawal of proposal barring overlap between banks and NBFC subsidiaries offers relief to major lenders
The tweak in the financing norms comes as the primary market is booming with new issues and listings despite a weak secondary market
Indian banks are barred from such lending, pushing companies to rely on shadow lenders or bonds for financing
Governor Sanjay Malhotra projects softer inflation from GST cuts and food prices
RBI Governor Sanjay Malhotra said permission has been granted to Authorised Dealer banks to lend in Indian Rupees to non-residents from Bhutan, Nepal and Sri Lanka
RBI's Monetary Policy Committee kept repo rate unchanged at 5.50 per cent; the MPC retained its policy stance as 'neutral'
Bank Holiday: The RBI states that regional and national holidays, such as Gandhi Jayanti, Dussehra, Maha Ashtami, and Maha Saptami, will impact banking services from September 29 to October 5, 2025
Perpetual debt issued in foreign currency or in Indian rupees overseas will be eligible for inclusion in banks' additional tier-1 capital of up to 1.5 per cent of risk weighted assets
With the revised rules, lenders can now extend working capital loans to any business that relies on gold as a raw material, expanding credit access beyond the jewellery sector
The six-member monetary policy committee, led by Governor Sanjay Malhotra, will need to juggle a number of competing objectives this week
His appointment will take effect from October 9 for a period of three years
The inflation backdrop provides ample room. Core inflation has edged up, but mainly driven by gold prices
The RBI performs multifarious functions, some of which are, in fact, conflicting. It isn't easy to spell out the KPIs (key performance indicators) to judge its performance objectively
For modest balances, banks may accept a legal heirship certificate with indemnity bond
Shirish Murmu, currently an executive director at the RBI, will succeed Rajeshwar Rao, whose tenure ends on October 8
Till 09:41 AM, a combined 40.01 million equity shares representing 4.8 per cent of total equity of Sammaan Capital changed hands on the NSE and BSE.
A 25 basis-point interest-rate cut, combined with clear guidance on further easing, may drive the 10-year yield lower by as much as 30 basis points