Page 188 - Reserve Bank Of India

Dhanlaxmi sees a subdued EGM; financial concerns, rights issue discussed

The EGM was called by a group of minority shareholders unhappy with the workings of the bank and its financials

Both customers and banks to feel pain in new regime

The banks have a balm for their pain. Probably, shifting to floating rate deposits can work as an anaesthetic gel for some of the customers

IBC framework needs a booster dose; debt resolutions slacken in two years

According to the statistics by the Insolvency and Bankruptcy Board of India, since the provisions of IBC came into force in December 2016, as many as 5,258 insolvency cases have been filed by lenders

Shifting cycle

Investors should be prepared for further turmoil

RBI approves former IOB chief Subramaniakumar as CEO of RBL Bank

Industry veteran started his career with Punjab National Bank and his new role is for three years.

Credit card linkage to UPI: Uncertainty over pricing leaves players in dark

There is no clarity on whether linking to UPI facility will be extended to credit cards of other card networks, such as Visa, Mastercard, American Express, etc

Bank stocks lag on concerns over treasury loss and slower growth

Higher interest rate, though, should help improve short-term margins and spread

RBI policy effect: Loans to get more expensive as banks hike lending rates

ICICI, BoB take the lead; Kotak Bank ups deposit rates

RBI to come out with regulatory architecture on digital lending platforms

The Reserve Bank of India will soon come out with regulatory architecture for digital lending platforms, many of which are unauthorised and illegal, Governor Shaktikanta Das said on Thursday. There have been increasing cases of alleged suicides of borrowers due to harassment by a few of the operators of digital lending apps. "I think very soon we will be coming out with a broad regulatory architecture, which should be able to address the challenges that we are confronted with regard to lending through digital platforms, many of which are unauthorised, unregistered and, should I say, illegal," Das said while delivering a lecture on - Indian Businesses (Past, Present and Future). He was speaking at the Iconic Week celebration as part of the 'Azadi Ka Amrit Mahotsav' to mark the 75th anniversary of Independence, organised by the Central Board of Indirect Taxes and Customs (CBIC). Das on Wednesday suggested that customers borrowing from unregistered digital lending apps should approach

With month to go for card-on-file tokenisation, firms set up solutions

Merchants and other entities that have stored card details of customers will have to purge the data and apply tokenisation

RBI is getting its way on policy rates. But how long will this last?

It will be interesting to see if Shaktikanta Das can keep his political masters in good humor. Or if his relationship with the government - like that of his two predecessors - will also start to fray

Rising interest rates could weigh on valuations of Indian stock markets

Exporters, and low debt, non-capital-intensive businesses should do better

Opt for 3- to 6-month fixed deposits for now; lock in at higher rates later

Home loan borrowers must pre-pay, or opt for higher EMI, to prevent loan tenure from rising

RBI joins global central banks, more hikes to follow

The Indian central bank has now gone back to the familiar script, in line with the global central banks

RBI's rate hike to push up costs: Realty, capital goods companies

Ramani Sastri, chairman and managing director (MD) of real estate firm Sterling Developers, said interest rates impact the cost of doing business

'We expect a hike in deposit rates', says RBI Governor Shaktikanta Das

'With regard to breaching the inflation target framework, we will deal with it as and when the situation arises'

Most e-lending apps not registered with RBI: Governor Shaktikanta Das

The RBI website has a list of apps that are registered with it on the website, the governor said

Policy signals calibrated tightening

During the gradual transition to a neutral stance, maybe over the next couple of months, liquidity management will play an important role in transitioning the WACR closer to the repo rate

RBI monetary policy: Missing inflation mandate now a 'fait accompli'

Consumer price index-based inflation, the yardstick of the RBI in monetary policy making, was, on average, above 6 per cent during the January-March quarter

RBI allows credit cards to be linked to UPI; marks shift from 'pay now'

Initially, home-grown card network Rupay Credit cards will be linked with UPI