Page 164 - Reserve Bank Of India

Big Tech in financial system poses concentration risk: Shaktikanta Das

'Unbridled mushrooming of digital lending apps is a material concern'

Slowdown in West, on balance, would be positive for India: CEA Nageswaran

'Signs are very encouraging' are for the Indian economy, he says in an interview

ONDC and UPI together will reorder India's supply chain: Nandan Nilekani

Speaking at the Global Fintech Fest 2022, he said the supply chain will become far more efficient and will help reach products and services to everyone much more easily

CEA says India poised to grow at 7% this year and for rest of decade

Economic Survey had pegged FY23 GDP growth higher at 8-8.5%

Govt may retain or cut bond borrowings for current fiscal on robust revenue

India may keep its market borrowing plan for the financial year intact, with a recent uptick in revenues likely to lead to a discussion on whether the target can be reduced

Govt's intervention to protect rupee takes large bite from record reserves

While economists and the Reserve Bank of India aren't ringing any alarm bells just yet, investors are watching closely given the rupee's slump to an all-time low last month

RBI asks urban cooperative banks to appoint compliance chiefs by April 2023

RBI said this directive should be placed in the immediate next meeting of the Board of Directors for information

Currency internationalisation: India pushes for rupee trade with Cuba

In July, the RBI had unveiled a mechanism to settle international transactions in rupee to promote the growth of global trade, with emphasis on exports from India

Surplus liquidity slumps to Rs 3K cr on tax outflows, shows RBI data

The RBI's average daily absorption of excess liquidity was at Rs 3.8 trillion during June-July against Rs 5.5 trillion in May and Rs 7.4 trillion a month ago

RBI introduces compliance function for UCBs in Tier-3 and 4 categories

The compliance function would ensure strict observance of all statutory and regulatory requirements. UCBs with deposits of more than Rs 1,000 crore fall under Tier-3 & 4 categories

Payment aggregator licence may open avenues beyond rail-ticketing for IRCTC

Recently secured shareholder approval to approval RBI; has database of 100 mn users

Govt working on GST on crypto transactions, defining legal framework

The government is working on a comprehensive indirect tax regime for crypto assets which will check revenue loss to the exchequer

IRCTC set to enter payments sector, eyes aggregator license from RBI

At present, IRCTC already has I-PAY, its in-house payment gateway

Latest news LIVE: Chandigarh University closed till Saturday amid protests

From Covid to all other developments, catch all the live news updates here

Top Headlines: 35-50 bps rate hike by MPC; advance tax mop-up rises 17%

The RBI's Monetary Policy Committee (MPC) is likely to lift the policy repo rate by 35-50 basis points (bps) on September 30, according to a Business Standard poll

RBI mulls allowing P2P firms to diversify risks by entering secured lending

There has been exponential growth in P2P lending in recent years

RBI policy: MPC may raise repo rate 35-50 bps, shows Business Standard poll

Many expect the RBI to lower the GDP growth estimate to 7%

Former RBI Governor Rangarajan bats for maintaining hawkish stance on rates

Former RBI Governor C Rangarajan advocated maintaining the ongoing hawkish stance by the Reserve Bank of India to tame inflation and expected that the rupee will strengthen with resumption of capital inflow. He also said the country has to clock an 8-9 per cent year-on-year growth for the next five years to achieve the target of a USD 5-trillion economy. Speaking at the Samar Kanti Paul Memorial Lecture at the Ramkrishna Mission Institute of Culture on Saturday evening, the former RBI governor said he would be happy if the country's economic growth reaches seven per cent in the current fiscal. "The current policy stance should continue. Developed countries are also taking steep rate hikes. I expect more rate hikes," Rangarajan said without elaborating on the quantum. RBI has been maintaining a hawkish stance with rate hikes to tame inflation. Speaking on the rupee trend, the 90-year-old economist said, there was a sharp fall in rupee value against the US Dollar to Rs 79-80 with th

Card-on-file tokenisation kicks in from Oct 1: Here's all you need to know

A tokenised card transaction is considered safer as the actual details of the card will not be shared with the merchant during transaction processing

RBI net-sold $19.05 billion in forex market in July to protect rupee

RBI's forward purchases fell $9 bln in July as interventions spread across spot, forwards