Page 103 - Rbi

Sent money to the wrong UPI address? Here's how to get a quick refund

The RBI has issued guidelines to help when you've sent money to the wrong UPI address

Banks' borrowings in India crosses Rs 9 trillion-mark in July: RBI

Bank borrowing figures for July 26 were up 20% compared to the borrowing figures of Rs 7.75 trillion for April 5

Indian govt bond yields steady, RBI warns of cautious policy on inflation

The benchmark 10-year yield is likely to move between 6.85 per cent and 6.88 per cent

Cautious monetary policy needed if food inflation persists: RBI paper

Untenable to treat food price fluctuations 'transitory' in monetary policy settings: Report

Incremental deposit growth outpaced credit growth since FY22: SBI Research

Myth of flagging deposit growth appears as just a statistical myth with credit growth outpacing deposit growth being tom-tommed as a deceleration in deposit growth, the research report said

Banks need to align credit and deposit growth, says RBI Bulletin

Pressure on NIM cited, upside risk to headline inflation flagged

RBI deputy guv Rao bats for need to periodically raise deposit insurance

An alternative targeted insurance approach with full coverage for certain sections of customers like small depositors and senior citizens can be explored

Net foreign direct investment rises to $6.9 billion in Q1, shows RBI data

Manufacturing, financial services, communication services, computer services, and electricity and other energy sectors accounted for about 80 per cent of the gross FDI inflows

Private capex could increase to Rs 2.45 trillion in FY25, says RBI study

According to the RBI, the infrastructure sector continued to attract the major share of envisaged capital investment, led by the 'roads & bridges' and 'power' sectors

Outward remittances under RBI's LRS drop 24% to $6.9 billion in Q1 FY25

In June 2024, overall remittances fell around 44 per cent Y-o-Y to $2.18 billion amid a decline in remittances across categories

Periodic revision of deposit insurance coverage warranted: RBI dy governor

A periodical upward revision of the deposit insurance coverage limit, currently at Rs 5, lakh, may be warranted considering multiple factors like growth in the value of deposits, inflation, and increase in income level, RBI Deputy Governor M Rajeshwar Rao has said. Delivering the valedictory address at IADI Asia-Pacific Regional Committee International Conference 2024 hosted by Deposit Insurance and Credit Guarantee Corporation (DICGC) here last week, the Deputy Governor said it is important to ensure adequacy of insurance coverage for customer deposits. In India, he said, the number of fully protected accounts constitute 97.8 per cent as on March 31, 2024 of the total number of accounts in the banking system as against the international benchmark of 80 per cent. While the scope and coverage appear satisfactory at this juncture, there are likely challenges going forward, Rao said. "Today we count India to be amongst the fastest growing large global economies and this healthy growth

RBI releases framework for financial market self-regulatory organisations

The proposed self-regulatory organisations (SROs) can play a vital role in developing industry standards and best practices and ensuring that members adhere to these

TMB rallies 4% following RBI approval of Salee Sukumaran Nair as MD, CEO

Tamilnad Mercantile Bank (TMB) shares surged up to 4.35 per cent at 470.80 a piece on the BSE during intraday trading on Monday

Why it makes sense for food prices to be cut out of RBI's inflation target

Officials are depressingly hesitant to touch anything to do with food production and prices, since these are particularly sensitive politically

PSBs target healthcare, housing to boost deposits with new lucrative deals

RBI Governor Shaktikanta Das highlighted at the press briefing that interest rates are deregulated and banks are free to decide on interest rates

RBI flags breach of regulations by some NBFC-P2P lending platforms

Bars credit enhancement; caps aggregate exposure at Rs 50 lakh

ED attaches assets worth Rs 29 cr in Ponzi scheme running Pearlvine

The Enforcement Directorate on Friday said assets worth more than Rs 29 crore have been attached under the anti-money laundering law as part of an investigation against a fraud investment website that ran a Ponzi scheme across the country. The action has been taken against the portal --www.pearlvine.com -- that runs under the banner of Pearlvine International, the central agency said in a statement. The money laundering case stems from an FIR filed by the CID of Meghalaya Police on a complaint made by the RBI. Pearlvine International was an "unrecognised" entity, which claimed itself to be US-based and provided several lucrative investment options. It collected a minimum amount of Rs 2,250 as membership fees and ran a Ponzi scheme in India between 2018 till March, 2023, the Enforcement Directorate (ED) said. During this period, the company organised seminars all around the country soliciting membership and popularising its benefits, the central agency said. At one point of time in

RBI new rules for FD in NBFC applicable from Jan 2025: Check details

A number of regulations applicable to NBFCs were reviewed and revised regulations were shared in the central bank's latest circular

Data story: How digital payments in India have evolved over the years

Widespread adoption of digital payments has facilitated rapid, low-cost transactions and easy withdrawals through banking and mobile apps

RBI might ask banks dealing with UAE to push direct rupee-dirham settlement

The move is part of India's attempt to increase trade settlement in the rupee and reduce reliance on the dollar, an ambition that has evaded most nations