Page 49 - Latest Updates on Reserve Bank of India
Reserve Bank of India tightens vigil on P2P lending after revising rules
Seeks qualitative details about lenders' operations
 "Reserve Bank of India tightens vigil on P2P lending after revising rules")
RBI supersedes Aviom India Housing Finance's board, appoints administrator
The regulator said it "intends to shortly" initiate the process of resolution of the company under the Insolvency and Bankruptcy Code (IBC)
RBI supersedes board of Aviom India Housing Finance on governance concerns
Aviom India Housing Finance caters to low-income households in semi-urban areas and provides loans to women borrowers who do not have any formal income documentation
 "RBI supersedes board of Aviom India Housing Finance on governance concerns")
Slice to rebrand as Slice Small Finance Bank after North East SFB merger
The merged entity has received a no-objection certificate from the Reserve Bank of India (RBI) for the rebranding exercise
 "Slice to rebrand as Slice Small Finance Bank after North East SFB merger")
MSME industry bodies seek RBI support for easier priority sector lending
The official further said that the RBI only partially restored this classification to the extent of Rs. 20 lakh per borrower. Hence, NBFCs funding to MSEs is now restricted
 "MSME industry bodies seek RBI support for easier priority sector lending")
Reserve Bank of India ombudsman resolves 95% of complaints in FY24
Complaints rise 32 per cent in FY24
 "Reserve Bank of India ombudsman resolves 95% of complaints in FY24")
A Budget beyond popcorn: Focus on capex and consumer-driven growth
The government needs to spend more on capex and allow consumers to have money in their pockets if it wants growth. Let's focus on the real issues
 "A Budget beyond popcorn: Focus on capex and consumer-driven growth")
Forum to fight for retail consumers is critical: FREED's Ritesh Srivastava
With the RBI's intervention by way of risk weighting, retail credit growth has slowed down to around 16.3 per cent year-on-year as of late November 2024
 "Forum to fight for retail consumers is critical: FREED's Ritesh Srivastava")
Microfinance sector seeks support to tackle its several challenges
Microfinance has shown capability and resilience in every crisis: Demonetisation or Covid-19. Attention to the issues it faces can make the sector even more vibrant
 "Microfinance sector seeks support to tackle its several challenges")
Runaway retail credit growth highlights urgent need to protect consumers
What you can't get away from is the retail credit story is at an inflection point
 "Runaway retail credit growth highlights urgent need to protect consumers")
Rate cut alone not sufficient, economists tell RBI
Bank CEOs to meet for pre-policy talk on Monday
Banks must collaborate, not compete on technology front: RBI DG Rabi Sankar
He further stated that as technology, especially artificial intelligence (AI), rapidly advances, the banking sector must adapt
 "Banks must collaborate, not compete on technology front: RBI DG Rabi Sankar")
CBDC could be used for collection of micro-loans, says RBI official
India is among 36 countries where the CBDC is currently in the pilot stage
 "CBDC could be used for collection of micro-loans, says RBI official")
Forex reserves decline by $1.88 bn to $623.983 bn, shows RBI data
Earlier, the overall kitty declined by US$ 8.714 billion to US$ 625.871 billion in the week ended January 10, the Reserve Bank of India said
 "Forex reserves decline by $1.88 bn to $623.983 bn, shows RBI data")
RBI expected to transfer another bumper payout to govt, say analysts
The RBI makes an annual payout to the government from the surplus income it earns on investments and valuation changes on its dollar holdings
Religare's independent directors say Burmans' open offer price low
Shareholders must evaluate the offer carefully and also not the conditions RBI has set for it, they say
 "Religare's independent directors say Burmans' open offer price low")
RBI to conduct overnight VRR auction worth Rs 2 trillion on Friday
The liquidity deficit stood at Rs 2.87 trillion on Wednesday, according to the latest data from the RBI
 "RBI to conduct overnight VRR auction worth Rs 2 trillion on Friday")
Budget 2025-26: Five key focus areas to accelerate growth amid uncertainty
A push to manufacturing through these clusters will help us capitalise on the China-plus-one opportunity presented globally
Bank Holidays 2025: Are banks open or closed today, Jan 23, in your state?
January 23 bank holidays: Bank holidays in India vary by region. This Thursday, all public and private banking institutions will be closed in observance of Parakram Diwas and Vir Surendra Sai Jayanti
 "Bank Holidays 2025: Are banks open or closed today, Jan 23, in your state?")
NDA 3.0 must use political capital for structural reforms: D Subbarao
The Union Budget for 2025-26, to be presented by Finance Minister Nirmala Sitharaman on February 1, comes amid global economic uncertainties and moderating domestic growth
 "NDA 3.0 must use political capital for structural reforms: D Subbarao")