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Life insurers log 15.6% growth in new biz premium in March, shows data

In the financial year ended March 31, 2024, NBP grew 2 per cent, mainly due to LIC, which saw a decline of 4 per cent. Private sector players reported a growth of 12 percent in FY24

RBI's monetary policy committee refuses to drop its guard on inflation

"We should stay the course and remain vigilant', says RBI Governor Shaktikanta Das

Universal bank licences: Here are key changes in licensing criterion

Two new sets of banks - small finance banks and payments banks - have also started operations under differentiated licensing norms

Rupee, reserves: Calibrated approach taken by RBI in managing exchange rate

The RBI stepped up its intervention in the foreign exchange market in 2022, resulting in a sharp fall in foreign exchange reserves

Deposit rates raised by public sector banks higher than private peers

The share of bank loans bearing over 8 per cent interest rates increased from 47.2 per cent in March 2022 to 78.9 per cent in March 2023, and further to 83.7 per cent in December 2023

Bandhan Bank MD Ghosh asks staff not to worry over his resignation

When asked if there will be an interim CEO, he said the board will take necessary steps in the first week of July

Rising speculative bets stoke RBI crackdown on currency derivative

Volumes up 3x post Covid; 2/3rd participation by prop traders

Would like inflation elephant to return to forest, stay there: RBI Guv Das

RBI monetary policy: In no hurry to cut repo rate, MPC keeps status quo; retains FY25 growth, inflation forecasts

SFBs seek glide path from RBI to become universal banks citing eligibility

Lower priority sector lending norms would help in reducing cost

How monetary transmission may hold key to policy stance, Das clarifies

The monetary policy committee of the RBI had hiked the policy repo rate by 250 basis points (bps) between May 2022 and February 2023 before hitting a pause

Will RBI change focus to growth after PM Narendra Modi's speech?

While the central bank has not hiked the repo rate for more than a year now, but it has refused to drop the guard on inflation even if core inflation has moderated

PM asks RBI to consider innovative credit policies for youth in new sectors

PM attributes the banking sector's profitability and credit growth surge to the decade-long collaboration between his government and the RBI

RBI's journey of 90 years: The building of India's financial fortress

Prime Minister Narendra Modi will join the commemoration at the National Centre for Performing Arts in Mumbai

Banks ready systems for capturing int'l credit card spends under LRS

Last year the government had announced that credit card spends in a foreign currency will be a part of LSR's annual limit of $2,50,000

Hemendra Kothari's DSP group to enter NBFC space, awaits RBI approval

Kothari is chairman of DSP Asset Managers, an asset management company (AMC) with a wide range of active and passive funds managed across the risk-reward spectrum

SROs must promote a culture of compliance among members, says RBI

The membership criteria of the SRO would be as prescribed by RBI at the time of inviting the application for each category/class of REs

Inflation still high and focus on minimising risk, says RBI report

Indicates 'significant per capita income shifts' underway

Bandhan Bank to launch credit card in Apr-May; Piush Jha to head the unit

Strengthens top management with ex HDFC, Citi, Axis bankers

RBI governor asks regulated entities to improve grievance redress mechanism

RBI had established an Internal Ombudsman (IO) Mechanism in regulated entities to bolster their internal grievance redress processes

Have achieved full compliance with RBI requirements: IIFL Fin's A K Purwar

All concerns raised by the RBI pertain to operational and process-related matters, AK Purwar said