Page 57 - Reserve Bank Of India

Microfinance sector shows signs of stress as delinquency rates rise

The Reserve Bank of India's Financial Stability Report of December 2024 had observed that the microfinance sector is showing rising delinquencies across lenders and ticket sizes

Manmohan Singh profoundly influenced our lives and India's growth

Manmohan Singh's visionary leadership not only transformed India's economy but also left an indelible impact on our professional journey and personal lives

Cease & desist: Reserve Bank of India's quick shift on NBFC curbs

In December, the restriction was lifted for Navi Finserv, and this month, it was removed for the remaining three NBFCs

Trading volume in dollar-rupee NDF hits record high on arbitrage activity

Banks executed NDF trades worth more than $161 billion at the offshore hub, a sharp rise of 140 per cent from a year ago, data from Clearing Corporation of India showed

Supply chain platform KredX secures RBI's approval to launch TReDS platform

KredX's DTX is the fifth platform to receive the banking regulator's nod to operate TReDS

RBI eases curbs on NBFCs as compliance improves after supervisory actions

High interest rates and tighter regulations have been cited as contributors to weak demand and a slowdown in India's economic growth

RBI's new Guv initiates review of inflation, growth forecasting tools

Malhotra, who took charge last month, is asking the RBI's internal teams to include new datasets, analysis and projections in their inflation and growth forecasts

RBI lifts restrictions imposed on Asirvad Microfinance and DMI Finance

RBI, in October, had imposed sanctions on Asirvad Microfinance, Arohan Financial Services, DMI Finance, and Flipkart co-founder Sachin Bansal's Navi Finserv

Managing multiple loans: Lower interest cost via debt consolidation

Borrowers with multiple loans-such as credit card, personal, and home loan-can pool them into one large loan with a lower interest rate

RBI Guv Malhotra faces calls to unshackle rupee amid surging dollar

Sanjay Malhotra, the new governor, hasn't spelled out his policy stance on the rupee. Yet, there are signs he may allow the currency to fluctuate more naturally

RBI announces names of winners of 3rd edition of Global Hackathon

The Reserve Bank on Tuesday announced the names of the winners of the third edition of its Global Hackathon with the themes 'Zero Financial Frauds' and 'Being Divyang Friendly'. The hackathon received an enthusiastic response with 534 proposals, of which 39 were received from teams outside India, including the United States, the United Kingdom, Hong Kong, Singapore, Brazil, Morocco, among others. The 28 finalists presented their solutions to an independent jury which selected the winners based on several parameters, including comprehensiveness, innovation, feasibility, scalability and compliance. The winners of the hackathon were FPL Technologies; Xaults Technologies; Epifi Technologies; NapID Cybersec; H Vision India (Hasin Vaidya); Rupya Darshini (Parthiban R, Jebaraj V and Gobika S); and VisAst (Krimisha Deore). Announcing the winners, RBI said these innovative solutions are expected to enhance the capability of the system to fight frauds, maintain security and integrity of the

Rupee to stay under pressure as traders eye RBI's defence of 85.80

The 1-month non-deliverable forward indicated that the rupee will open flat-to-slightly-lower from its closing level of 85.77

India's FY25 GDP growth likely to remain in 6.4-6.8% range: Experts

Rural demand, services sector may lift H2 showing

Risk appetite: How Indians are diversifying their savings portfolios

Expectedly, urban households display a greater inclination to adapt their investment choices to dynamic economic conditions

Stop-start in currency volatility: Markets deliver consistent daily shifts

Policymakers can get export growth for some time through subsidies, whether a production-linked incentive or a falsified exchange rate

HDFC Bank to acquire up to 9.5% in Kotak Mahindra and AU, Capital SFBs

RBI has given approval to HDFC Bank and its group companies to collectively acquire up to 9.5 per cent of paid-up share capital or voting rights in Kotak Mahindra Bank, AU Small Finance Bank

RBI removes biz restrictions on Kolkata-based Arohan Financial Services

On October 17, the regulator directed four non-banking finance companies (NBFCs) to cease and desist from sanctioning and disbursing loans

RBI clears National, Cosmos Co-operative Bank merger, effective January 6

The branches of The National Co-operative Bank, Bangalore (Karnataka), will function as branches of Cosmos Co-operative Bank Limited (Maharashtra) with effect from January 6, 2025

BharatPe parent to sell up to 25% stake in Unity SFB for $800 million

The move is in line with regulatory requirements to reduce its holding in the bank to 10 per cent by 2029, irrespective of the listing of Unity SFB, said sources

Jefferies sees rate cuts in India in 2025; ups HDFC, ICICI Bk target price

Bank stocks today: Jefferies has retained its 'Buy' ratings on Axis Bank, ICICI Bank, HDFC Bank, and SBI, It has upgraded Kotak Bank and downgraded Bank of Baroda