Page 184 - Reserve Bank Of India
PPI credit ban likely to hit 8-10 million BNPL users, says industry
Industry fears it may lead to systemic risk from a lending standpoint
 "PPI credit ban likely to hit 8-10 million BNPL users, says industry")
RBI explores ways to ensure customer safety while dealing with PPIs
Earlier this week, RBI issued an advisory clarifying that non-bank PPI issuers cannot load their wallets and cards from credit lines or preset borrowing limits
 "RBI explores ways to ensure customer safety while dealing with PPIs")
Fintechs seek 1 yr sunset clause on RBI's PPI issuer credit lines directive
Earlier this week, the RBI directed the non-bank prepaid payment instrument (PPI) issuers to stop providing credit lines on such PPI cards and asked them to stop the practice immediately
 "Fintechs seek 1 yr sunset clause on RBI's PPI issuer credit lines directive")
Large merchants comply with card tokenisation as deadline nears: Report
The RBI had directed the merchants to implement its tokenisation norms by June 30, 2022. The central bank has twice extended the deadline of its implementation in the past.
 "Large merchants comply with card tokenisation as deadline nears: Report")
RBI policy action likely to be moderate than other nations: Michael Patra
Speaking at a session on 'Geo-Political Spill-overs and Indian Economy' at PHDCCI here, Patra said there are indications that inflation may be peaking
 "RBI policy action likely to be moderate than other nations: Michael Patra")
Fintech firms seek six month-extension to comply with RBI credit line norms
RBI had barred the loading of prepaid payment instruments (PPIs) from credit lines
 "Fintech firms seek six month-extension to comply with RBI credit line norms")
War in Europe may snuff out global recovery: RBI Dy Governor Michael Patra
Says monetary policy decisions by central banks around the world aimed at their own constituencies. But since inflation is the biggest policy issue right now, it seemed coordinated
RBI's credit line norms: Card-based fintech players may have to stop offers
Some of the players expected to take a hit due to the RBI's diktat are Slice, Uni Cards, Jupiter, EarlySalary, etc
Inflation likely to exceed top of RBI band until December: Shaktikanta Das
India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Das said in an article
 "Inflation likely to exceed top of RBI band until December: Shaktikanta Das")
Top Headlines: India Inc on GST issues, RBI's credit line norms & more
In the light of RBI not permitting the loading of PPIs from credit lines, card-based fintech players may have to stop their offers until the central bank clears the air on some issues
 "Top Headlines: India Inc on GST issues, RBI's credit line norms & more")
Former SBI official appointed member of advisory committee of SIFL & SEFL
The RBI Venkat Nageswar Chalasani, former Deputy Managing Director of SBI, as a member of the Advisory Committee of SIFL and SEFL on Thursday
 "Former SBI official appointed member of advisory committee of SIFL & SEFL")
RBI warns of risks from cross-border outsourcing of IT services
The RBI's observations come at a time when it is considering a mandate for domestic processing of payment transactions in order to ring-fence India's local payment systems.
 "RBI warns of risks from cross-border outsourcing of IT services")
Who doesn't want growth?
The RBI, however, cannot use the growth argument to justify inflation
 "Who doesn't want growth?")
Invest in dynamic bond funds to navigate impact of interest rate cycle
They outshine short-duration funds: Fund managers
 "Invest in dynamic bond funds to navigate impact of interest rate cycle")
Decoded: The tizzy over RBI's ban on loading PPIs from credit lines
PPIs are instruments that facilitate the purchase of goods and services, conduct of financial services, enable remittance facilities, etc., against the value stored in them
 "Decoded: The tizzy over RBI's ban on loading PPIs from credit lines")
RBI proposes norms for outsourcing of IT services by banks, NBFCs
Regulated entities (REs) will not require prior approval from the central bank for the outsourcing of IT and IT-enabled services
Fall in onshore forward premiums could push Indian rupee even lower
On Wednesday, the rupee touched a record low of 78.39 against the dollar despite a sharp fall in global crude oil prices, pushing forward premiums down
 "Fall in onshore forward premiums could push Indian rupee even lower")
Reserve Bank likely to raise interest rates twice before weighing a pause
June's jumbo hike, which followed a 40 basis points increase in May, is prompting analysts from Nomura Holdings Inc. and Barclays Plc to pencil in a 35 basis-point move in August
RBI may have boosted forwards intervention to slow rupee fall, save reserve
The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April
 "RBI may have boosted forwards intervention to slow rupee fall, save reserve")
MPC members indicate more rate hikes to tackle rising inflation
The rate-setting committee has increased the policy repo rate by 90 basis points in May and June, to 4.9 per cent