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Best of BS Opinion: Exciting world of data science, Poll promises & more

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

How self-regulatory organisations may set their relationship with Mint Road

The risk is that there could be a multiplicity of SROs, leading to pull and push pressures

Consumer confidence for year ahead improves further: RBI survey

Households' sentiments on the general economic situation and employment prospects recorded notable improvements for both the current period as well as the upcoming year

Bajaj Housing Fin board to meet on Apr 24 to discuss listing requirement

Bajaj Housing Finance is a 100 per cent subsidiary of Bajaj Finance

Audit Panel of board at UCBs must improve oversight, risk management: RBI

Flags internal auditor's task for early detection of irregularities

RBI to offer CBDC-R accessible to non-bank payments system operators

Farmers to transact through CBDC-R for inputs, first use case of programmability starts today

RBI to launch a mobile app for investing in government securities

The introduction of the app will enhance transparency and streamline the process for retail investors, said market participants

Monetary policy: Review of liquidity ratio framework for banks on the cards

Securities that are eligible for the statutory liquidity ratio like central and state government bonds are reckoned as HQLA for the purpose of calculating LCR. Banks have to maintain 100 per cent LCR

No change in policy, some 'misusing' currency derivatives norms: RBI

Das reiterated that there have been no changes to RBI's policy, emphasising that the necessity of underlying exposure has always been a fundamental aspect

RBI to allow third-party apps for UPI payments through PPI wallets

Cash deposit facility in banks through UPI soon

RBI imposes penalty of Rs 1 crore on IDFC First Bank for violation of norms

The Reserve Bank on Friday said it has imposed a penalty of Rs 1 crore on IDFC First Bank and Rs 49.70 lakh on LIC Housing Finance for violation of certain norms. The penalty on IDFC First Bank has been imposed for non-compliance with certain directions on Loans and Advances Statutory and Other Restrictions', the central bank said in a statement. In another statement, it said the penalty on LIC Housing Finance has been levied for non-compliance with certain provisions of the Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021' issued by RBI. In both cases, penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into by them with their respective customers. Meanwhile, the RBI has cancelled certificate of registration (CoR) of four NBFCs -- Kundles Motor Finance, Nithya Finance, Bhatia Hire Purchase, and Jiwanjyoti Deposits and Advances. The four ...

RBI's MPC decision shows resolve to ensure price stability, say experts

As the central bank held key policy rates steady, the EMIs on home and auto loans are likely to remain stable for some more time

CBDC transaction volumes decline after hitting 1,000,000: RBI dy guv

The Central Bank Digital Currency (CBDC) transaction volumes have gone down after crossing 10 lakh in late-December 2023, Reserve Bank of India Governor T Rabi Sankar said on Friday. The overall number of transactions has touched 2.2 crore since the launch of the CBDC pilot on December 1, 2022, Sankar said, adding that the number of participants in the pilot stands at 50 lakh. "Volumes have not been the same, they have come down," Sankar said, adding that the target of 10 lakh a day was met earlier on the back of measures such as interoperability with a very popular UPI platform. As per a news report, banks disbursed employee benefits using the digital rupee in December, which helped the Reserve Bank of India (RBI) meet its target of 10 lakh daily transactions. Sankar said there are 46 lakh users and 4 lakh merchants transacting in CBDC right now, and added that as the acceptance of CBDC grows, there has been a growth in the P2M, or peer-to-merchant, transactions. "Volumes are ...

RBI turns down request to remove 'small finance' tag from bank name

Retaining it crucial given mandate for financial inclusion

RBI to release final framework for fintech SROs by April-end: Governor Das

Das said the banking regulator was working towards operationalising one SRO for fintechs by the Global Fintech Festival (GFF) scheduled in September

RBI monetary policy highlights: Last mile of disinflation is always challenging, sticky, says Governor Das

RBI MPC highlights: Catch all the highlights related to RBI's Monetary Policy Committee announcements here

RBI MPC: Here are the major announcements made by Governor Shaktikanta Das

The Reserve Bank of India put the estimated real GDP growth for FY25 at 7 per cent

RBI to launch mobile app for investing in gov securities: Check details

Mobile version of Retail Direct Scheme will 'enable investors to buy and sell instruments on the go'

Inflation targeting framework is the focus: RBI governor Shaktikanta Das

The RBI projects CPI will be 4.5 per cent for the whole year, and growth will be 7%

UPI's new feature: Soon, you can deposit cash at ATMs through UPI, says RBI

In a significant decision, the Reserve Bank of India (RBI) on Friday said it will soon facilitate cash deposit facilities in banks through the use of the popular UPI