Page 122 - Rbi

Tata Capital, 14 other NBFCs surrender their registration certificates: RBI

The Reserve Bank of India (RBI) on Friday said 15 NBFCs, including Tata Capital Financial Services and Revolving Investments, have surrendered their certificates of registration due to various reasons. Nine Non-Banking Financial Companies (NBFC) have ceased to be legal entities due to amalgamation, merger, dissolution, or voluntary strike-off. These are Tata Capital Financial Services, Tata Cleantech Capital, Naperol Investments, USG Financial Services, Urja Capital, Vandana Dealers, ABRN Finance, Jodhani Management, and JDS Securities. The RBI further said six NBFCs surrendered their certificate of registration after exiting from Non-Banking Financial Institution (NBFI) business. These were Vian Growth Capital, Drap Leasing and Finance, Jewel Strips, Revolving Investments, Anshu Leasing, and A V B Finance. The certificates of registration were granted to them by the RBI.

Non-residents allowed to open margin accounts for derivative contracts

The move by RBI is expected to enhance efficiency in managing margin obligations

RBI imposes penalty on Sundaram Home Finance, Belstar Microfinance

The RBI stated that Sundaram Home Finance failed to conduct periodic updates of KYC for certain customers within the prescribed time frame

Forex reserves jump by $3.66 billion to $641.59 billion, shows RBI data

After three consecutive weeks of drop, India's forex reserves increased by USD 3.668 billion to USD 641.59 billion for the week ended May 3, the RBI said on Friday. The overall kitty dropped USD 2.412 billion to USD 637.922 billion for the previous week ended April 26. For the week ended April 5, the reserves had hit an all-time high of USD 648.562 billion, following multiple weeks of increases after breaching the previous high of September 2021 in March this year. For the week ended May 3, the foreign currency assets, a major component of the reserves, increased by USD 4.459 billion to USD 564.161 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves decreased by USD 653 million to USD 54.88 billion during the week, the Reserve Bank of India said. The Special Drawing Rights (SDRs) were u

Best of BS Opinion: Making a better Indian Union, risk provisioning, more

Here is the best of Business Standard's opinion pieces for today

IDBI Bank stake sale: FinMin in talks with RBI to hurry vetting process

Govt hopes to conclude transaction by FY25-end

Consumer price inflation likely slipped in April, food inflation sticky

V Anantha Nageswaran, the government's chief economic adviser, said on Wednesday the Indian economy was better placed than before to pursue 'non-inflationary' growth

RBI asks NBFCs to stick to gold loan cash payout cap of Rs 20,000

Retail credit in India has been growing at a rapid clip, with loans against gold rising threefold over the last four years

Higher provisioning may slow infra sector, but good for long term: Industry

While some other executives from the power industry say it may be too early to gauge any impact, some highway contractors refuse to comment on the move

RBI removes restrictions on BoB app, allows new customer enrollment

Bank will now on-board customers through mobile app

Canara Bank Q4 result: Net profit increases by 18% to Rs 3,557 cr

Minimal impact expected from RBI's draft project finance norms

RBI lifts curb on boarding of new customers on Bob World app after 6 months

The RBI had imposed restriction on state-owned Bank of Baroda (BoB) on October 10, 2023 from onboarding new customers on its mobile app 'Bob World'

Paytm's UPI transactions fall for 3rd straight mth, market share contracts

However, the Noida-based company has continued to retain its spot as the third largest player in the ecosystem because other players are considerably smaller in comparison to the fintech major

Commercial banks for 1-2% project finance provisioning; RBI proposed 5%

Industry sees short-term pain

Trade deal talks on: Faster services trade data compilation in the works

The Department of Commerce, that is in charge of international trade, mostly relies on the central bank's data for services trade data

RBI's draft project funding norms may create funding challenge: CareEdge

Reducing debt by 20% is seen as positive for demand-based projects, lowering risks from large repayments and refinancing

'Permanent deletion of transactions can anonymise e-rupee like cash'

The e-Rupee is a central bank digital currency (CBDC) issued by the Reserve Bank of India

RBI provisioning norms singe PSU banks, infrastructure financers

Move will impact RoE, networth, say analysts

CBDC pilot programmes for CPs, CDs likely: RBI governor Shaktikanta Das

Says permanent deletion of transactions can make e-rupee anonymous and at par with cash

Prioritise trade

New markets and harmonised regulations necessary