Page 88 - Rbi

BS BFSI Summit: Our company culture key to innovation, says Razorpay MD

We have 50 different teams, each pursuing separate goals, which allows us to innovate and launch new products, said Shashank Kumar, co-founder and managing director of Razorpay, at the BFSI Summit

Sep inflation was 5.5%; Oct may be higher: RBI Governor Shaktikanta Das

RBI Governor Shaktikanta Das discusses inflation outlook and economic resilience at the Business Standard BFSI Insight Summit

RBI's 'cease and desist' directive on NBFCs not arbitrary: Shaktikanta Das

RBI Governor explains regulatory actions in conversation with Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

India Inc sends mixed signals on H2 FY25 capital expenditure path

Minutes from the October MPC show the RBI's optimism about private investments picking up

Govt invites applications for RBI deputy governor's post, last date Nov 30

One of the deputy governors, Michael Patra's term ends on Jan 15

Fitch affirms IIFL Finance's rating after RBI lifts ban on gold-loan biz

Fitch Ratings on Monday affirmed IIFL Finance's ratings with a stable outlook, saying that after the lifting of the ban on new gold-backed lending imposed by the Reserve Bank of India (RBI), the firm's franchise will gradually stabilise. The RBI in September, had lifted regulatory restrictions it had imposed in March on IIFL Finance's gold-backed lending business. Fitch Ratings has affirmed India-based IIFL Finance Ltd's long-term issuer default rating (IDR) and medium-term note programme rating at 'B+', and removed the ratings from 'Rating Watch Negative'. The outlook on the IDR is stable. The affirmation and stable outlook reflect expectation that IIFL Finance's franchise will gradually stabilise after the lifting of the ban. "Funding towards the gold-backed lending entity remains tentative, which could continue to restrain growth in the product. Nonetheless, funding volume for the housing finance and microfinance subsidiaries has been more resilient, which should support the cre

P2Ps see rising customer interest ahead of T+1 deadline on November 14

Despite continuity in business operations, companies are proceeding with caution citing investor re-education about new norms

SROs and fintechs: The emerging plot to boost partnerships, shape ecosystem

A critical component of SRO-FT role will be to monitor unethical or dubious practices and take steps to address them

Private banks' fresh loan rates up 14 bps in September over August

Fresh term deposit rates rise eight bps in Sept; One-yr MCLR flat in October

Rupee, bonds to balance on high wire of RBI rate decisions, US polls

The next Samvat for the Indian bond market is projected to be a period of relative calm, marked by limited fluctuations in yields and a cautious policy stance from the RBI

Loan growth moderates in September amid RBI clampdown, shows data

Including the impact of the merger, banks' loans grew 13% last month, compared with 20% a year ago

RBI well-equipped to deal with any volatility post US elections: Report

The Reserve Bank of India would be able to tap its large foreign exchange reserves to defend the domestic currency in the event of global market volatility and an outflow of foreign funds

RBI helps rupee outperform peers in month marred by US election anxiety

The rupee was at 84.0825 to the US dollar, little changed from Thursday and week-on-week. Indian financial markets are shut on Friday

Looking for RBI gold bonds on Diwali? Here's why Centre may not issue them

Due to global uncertainties, gold prices have soared almost 30 per cent since last Diwali, prompting consumers to explore alternative investment resources to meet their financial goals

RBI to cut rates in Dec to 6.25%, say narrow majority of economists: Poll

The central bank has held interest rates at their highest since early 2019 for the past 10 meetings

RBI allows home loan disbursals sanctioned before Oct 20: Navi Finserv

Sachin Bansal's Navi Finserv, which has been barred from giving fresh loans, on Tuesday said the Reserve Bank has allowed it to make scheduled home loan disbursals sanctioned before October 20. Earlier this month, the RBI had ordered Navi Finserv to cease and desist from sanctioning and disbursing loans effective from the close of business of October 21 on material supervisory concerns, including usurious pricing. "The Reserve Bank of India (RBI) has allowed Navi Finserv to start making scheduled home loan disbursals, sanctioned before October 20, 2024. The permission has been provided until December 31, 2024," the Bengaluru-based firm said. It further said the decision offers substantial relief to many homebuyers whose home loans were sanctioned before the regulatory action by the RBI and who are awaiting their already scheduled disbursals. Besides Navi, the central bank had put similar restrictions on three other NBFCs -- New Delhi-based DMI Finance Private Limited, Kolkata-based

Credit cards get a festive boost, spending increases 25% in September

Experts attributed the healthy growth to festive demand and the base effect

Growing strong: 60% gold reserves held domestically, shows RBI data

In the last five years, RBI gold reserves have increased from 618 metric tonnes to 854 metric tonnes

Cashfree Payments gains regulatory approval to operate as a PPI provider

Cashfree Payments joins a growing list of PPI providers. At present, the banking regulator has issued these licences to 46 entities

RBI's domestically-held gold reserves jump 510.46 MT by end-September

As of end-September, the Reserve Bank of India (RBI) held 854.73 metric tonnes of gold, compared to 822.10 metric tonnes at the end of March