Page 213 - Reserve Bank Of India

Top Headlines: Only Covaxin for kids; billionaires' wealth now at $728 bn

Business Standard brings you the top headlines at this hour.

Consider merging private RBL Bank with state-owned lender, says AIBEA

RBL's CEO goes on leave after the RBI appointed Yogesh K Dayal as an additional director of the bank.

RBL CEO Ahuja goes on leave after RBI appoints additional director to bank

Ahuja's leave coincides with RBI appointing one of its chief general managers, Yogesh Dayal, as an additional director in the bank for a period of two years

Corporate-promoted NBFCs can have 15% stake in banks, with increase in cap

Banking experts said the move to increase non-promoter shareholding would help lenders with greater access to capital

India's monetary policy financially inclusive by design: RBI DG Patra

The country's monetary policy is, by design, financially inclusive and this strategy will result in policy effectiveness and welfare maximisation going ahead, Deputy Governor Michael D Patra said

Top Headlines: Card tokenisation extended; no off-budget borrowing this yr

Business Standard brings you the top headlines at this hour.

RBI extends card tokenisation rule by 6 months after industry request

Tokenisation refers to the technology of substituting sensitive card data with random numbers

Merchants seek six more months to meet card data storage norms

Say hasty roll-out may lead to disruptions,loss of revenue

MPAI, ADIF write to RBI for an extension of tokenisation deadline

MPAI and ADIF have in their letter highlighted several operational challenges that will hinder the transition to the token-based payments ecosystem

Industry bodies urge RBI to extend card tokenisation deadline of Dec 31

The Merchant Payments Alliance of India (MPAI) and the Alliance of Digital India Foundation (ADIF) urged RBI to extend the card-on-file (CoF) tokenisation deadline of December 31

RBI empanells CSB Bank to undertake banking biz of central, state govts

This appointment will allow CSB Bank to undertake general banking business of the central and state governments which may be entrusted by the RBI, the bank said

Top Headlines: White goods' prices rise; Razorpay's value now $7.2 bn

Manufacturers of consumer durable goods have hiked prices for the third time this year; Razorpay raised $375 million in the Series F round of funding at a $7.5-billion valuation

Electoral bonds: CIC dismisses appeal seeking disclosure of reports by SBI

Central Information Commission dismissed an appeal seeking disclosure of reports submitted by State Bank of India to the Centre and Reserve Bank of India

New licensing regime for UCBs on the cards after a 17-year standstill

What went unnoticed is that the RBI has been tightening the screws on UCBs for a while now

Governance to groundwork for digital biz, the year that was 2021 for RBI

2021 will go down as the year in which the central bank undertook long overdue governance initiatives even as it laid the groundwork for the fast-growing digital business

Plea in HC to direct RBI to make policy on Rs 50 coin for visually impaired

A plea has been filed in the Delhi HC seeking direction to the Centre and RBI to formulate a policy to issue Rs 50 coins to the visually impaired.

Top Headlines: RBI flags crypto risks; India could witness Omicron surge

The RBI talked about instability cryptocurrencies could cause, while NITI Aayog member VK Paul warned of Europe-like Omicron cases surge in India

Best of BS Opinion: India's Ramses, a perfect partnership, and more

Here are the best of BS Opinions of the day

RBI Board discusses private cryptocurrencies, CBDC

The RBI, in a statement, said the 592nd meeting of the Central Board of Directors of Reserve Bank of India was held at Lucknow under the Chairmanship of Governor Shaktikanta Das

RBI refuses to relax asset classification, provisioning norms for NBFCs

This will give rise to bad debt numbers of such para banks on technical grounds while making asset quality norms standardised across banks and NBFCs