Page 192 - Reserve Bank Of India

Top Headlines: Standards for shared economy, dilemma over bank licences

India will soon come up with standards for shared-economy services players owing to the rising number of complaints from consumers

RBI likely to introduce a comprehensive IT outsourcing framework

Move could be in sync with new privacy Bill

Dilemma over bank licences: NBFCs struggle to make the cut for RBI's rules

The RBI has also tightened guidelines, narrowing the regulatory arbitrage that existed between NBFCs and banks

GST: Cooler heads for constructive ends

To be sure, the cooperative spirit has gone missing since about 2018, reflecting the heavy-handedness of the Centre, not just on the GST but across a range of issues

Should central bankers consider pitfalls of making declarative statements?

In recent times, central bankers have stressed the need to be nimble, humble even. Recent mistakes warrant some humility

Top headlines: RBI's move on 5 NBFCs, bank privatisation, and more

Here are the top headlines on Thursday morning

Inflation, rates hikes may push yields up further: DSP Investment's Yadav

In a Q&A, the head of the fixed income vertical at the firm says the 10-year benchmark rising above 7% is normal and not a sign of instability

Gift City gold imports: Qualified jewellers can make advance payment

Banks have been asked to carry out all the due diligence and ensure remittances sent are only for the bona fide import transactions through exchange/s authorised by IFSCA

RBI cancels registration of five NBFCs due to irregular lending practices

The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things

RBI issues norms for gold import by qualified jewellers through IIBX

The RBI on Wednesday came up with norms for facilitating physical import of gold through India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by Qualified Jewellers

RBI cancels registration of 5 NBFCs, cites 'irregular' lending practices

The Reserve Bank on Wednesday said it has cancelled Certificate of Registration of five NBFCs for violation of norms related to outsourcing and fair practices code in their digital lending operations.

Retail inflation may settle at 5.7-6.9% in FY23 after fuel duty cuts

Economists expect 40-50 bps hike in repo rate by MPC next month

Polarisation damaging foundations of India's growth: Kaushik Basu

Basu further said India's big challenge is unemployment and joblessness as youth unemployment in India is over 24 per cent, which is among the highest in the world

Overseas investors' concerns remain as shift to T+1 settlement cycle nears

Issues around on trade confirmation day, forex booking, pre-funding yet to be fully settled

Credit card spend jumps 48% to top Rs 1 trillion in March, shows data

The jump has been driven by the pickup in consumption as the pandemic recedes

RBI-constituted panel to review customer service standards in banks, NBFCs

The RBI on Monday said it has set up a committee to evaluate the efficacy, adequacy and quality of customer service in banks, NBFCs, and other entities regulated by it.

JPMorgan warns India earnings optimism overdone as stocks falter

The warning comes as sell-side analysts estimate overall earnings per share for companies in the benchmark NSE Nifty50 Index to rise almost 17 per cent over the next 12 months

Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das

The RBI governor said that inflation projection will be realistically given in next monetary policy committee meet due to take place in June

Unexpected, but also unacceptable

Russian invasion's multi-dimensional impact, and India's meek acceptance of the damage done to its economy

Limited impact

Tax cuts will not lower inflation significantly