Page 61 - Rbi

RBI imposes curbs on New India Co-operative Bank on supervisory concerns

The bank's advances reduced to 11.75 billion rupees as of March 31, 2024, from 13.30 billion rupees a year earlier. Its deposits rose to 24.36 billion rupees from 24.06 billion rupees

Ensure fair customer treatment, address their grievances: RBI Guv to NBFCs

RBI Governor Sanjay Malhotra on Thursday asked NBFCs to ensure customers are treated fairly and put in place a mechanism for quick redressal of grievances. The governor met with managing directors and chief executive officers of select non-banking financial companies (NBFCs) across all layers, including government NBFCs, housing finance companies and micro-finance institutions. These NBFCs constitute nearly 50 per cent of the total assets of the NBFC sector. Malhotra, in his opening remarks, underscored the role played by NBFCs in credit intermediation, particularly in making credit available for small businesses and niche segments, the Reserve Bank of India (RBI) said in a statement. Highlighting the collaborative efforts required between the Reserve Bank and the NBFCs, the Governor stressed upon balancing growth aspirations with sound practices for ensuring inclusive development, customer protection and financial stability. "He also underscored the significance of ensuring fair

RBI allows Temasek subsidiary to raise stake in AU Small Finance Bank

Zulia Investments holds 1.37% stake in India's largest small finance bank

Rupee set for losses as RBI focuses on monetary easing, rising volatility

The rupee's recent gyrations mark a departure from its stability in the past two years, and the moves are testing new central bank chief Sanjay Malhotra's tolerance in dealing with swings

RBI lifts restrictions on Kotak Mahindra Bank on onboarding new customers

In April last year, the RBI placed restrictions on the bank as it failed to plug gaps in its information technology (IT) systems

RBI to conduct 49-day variable rate repo for Rs 75k cr to boost liquidity

The Reserve Bank of India will conduct a 49-day variable rate repo for Rs 75,000 crore ($8.63 billion) on Friday, it said after market hours

Ahead of Modi-Trump meet, rupee logs biggest single-day gain in 2 years

RBI likely to have sold $12 billion in past two sessions

Govt to use AI to track mule accounts in cyber fraud crackdown: Amit Shah

Union Home Minister Amit Shah said that 399 banks and financial intermediaries are now working in coordination with the Indian government

RBI sets Rs 8,499 as early redemption price for SGB 2019-20 Series IX

A subscriber can prematurely withdraw your sovereign gold bond investment once it completes the fifth year

RBI to buy Rs 40,000 crore govt securities via OMO auction on Thursday

The RBI plans to infuse Rs 2 trillion via an overnight variable rate repo (VRR) auction on Tuesday.

Reserve Bank of India pulls back rupee from the brink of 88 against dollar

The rupee depreciated to a new low of 87.95 prompting the central bank to intervene, dealers said

India inflation likely fell to 4.6% in Jan as food price moderated: Report

A sharp decline in inflation will also be welcomed by the Reserve Bank of India, which cut the repo rate by 25 basis points to 6.25 per cent late last week

US tariffs' scare push rupee to record low, RBI steps in to cap losses

Trump said he will introduce new 25 per cent tariffs on steel and aluminium imports into the US

Banks' net interest margins likely to decline further after RBI rate cut

Extent of NIM compression will depend on further rate cuts

Central banks have work to do on price stability and inflation targeting

The consumer price index (CPI) has extensive relevance in people's daily lives. Periodic review of CPI composition and weights assigned will keep it robust and relevant

BC network has to be commercially viable: PayNearby Founder, MD & CEO

Says with higher rentals, cost of Aadhaar devices and the know-your-customer paraphernalia, the commercial viability of the BC network is certainly to be looked at

RBI will allow ample time for implementing changes regarding ECL, LCR: Guv

RBI Governor Sanjay Malhotra says market determines rupee depreciation, touches on necessary regulations surrounding cryptocurrency

After RBI rate cut, should you reduce EMIs or shorten loan tenure?

The exact gain for each home loan borrower will depend on their current principal outstanding and interest rate

RBI opens NDS-OM platform for stock brokers to boost retail participation

Currently, membership open to entities such as banks, primary dealers, insurers, MFs

Slowing growth of unsecured loans satisfactory: RBI Governor Malhotra

The RBI also noted that bank funding to non-banking finance companies (NBFCs) has declined following the increase in risk weight on bank loans to shadow banks