RBI relief for Kotak: What does it mean for the bank
The lifting of these restrictions suggests that Kotak Mahindra Bank has taken substantial remedial actions to address the RBI’s concerns.
Banking
RBI lifts business restrictions on Kotak Mahindra Bank
The RBI’s directive was a response to supervisory concerns identified during regulatory reviews.
RBI expands UPI to include pre-sanctioned credit lines from banks and SFBs
Banks and SFBs can establish their own terms and conditions for these credit lines, in accordance with their Board-approved policies. These terms may cover aspects such as credit limits, tenure, interest rates, and other related conditions.
Retail Inflation Eases to Five-Month Low of 4.31% in January
The drop in inflation comes just a week after the Reserve Bank of India’s Monetary Policy Committee (MPC) announced the first rate cut in five years
RBI to Issue New ₹50 Banknotes Bearing Governor Sanjay Malhotra’s Signature
This move is part of the RBI’s routine currency issuance process, which includes updates to banknotes to reflect changes in governance while maintaining consistency in design for ease of public recognition.
Easebuzz Secures Final RBI Approval to Operate as Online Payment Aggregator
With the RBI’s green light, Easebuzz can now expand its suite of fintech offerings, including payment collection, disbursement, reconciliation, and financial automation tools.
What does latest RBI surveys tell us on consumer confidence and inflation expectations.
A notable highlight from the CCS is the reduction in pessimism regarding current price levels and inflation compared to the November 2024 round. This suggests that households are perceiving some stability in price movements.
RBI doubles OMO purchase amount to ₹40,000 crore on liquidity review
In its earlier announcement, dated February 7, 2025 (Press Release 2024-2025/2106), the RBI had planned to conduct OMO purchases totaling ₹20,000 crore on February 13, 2025.
RBI’s 25 bps Rate cut signals shift in monetary policy to boost consumption
The RBI’s decision aims to ease the cost of capital, potentially revitalizing both consumer spending and investment activities across sectors.
UFBU Calls for 48-Hour Strike on March 24-25 Over Pending Demands
Key demands include the recruitment of adequate staff in all cadres and the regularization of temporary employees.