RBI Supersedes Board of New India Cooperative Bank, Appoints Administrator
RBI has been clamping down on erring cooperative banks
Citi Expects Social Finance Funding in Asia to Rise Over 10% in 2025
In 2024, Citi played a key role in mobilizing over US$2 billion across Asia through social finance transactions.
India’s Microfinance Sector Expands Amid Rising Risks: Infomerics Ratings Report
The microfinance industry currently operates with 168 Micro Finance Institutions (MFIs) across 29 states, serving 64 million borrowers
Romance scams hit six-year high in 2024, Moody’s reports
The rise of these scams poses significant challenges for the financial system, as criminals often use traditional banking channels to launder illicit funds. Financial institutions face increased scrutiny and potential reputational damage if they fail to detect and prevent such activities.
RBI Governor Meets NBFC Chiefs, Stresses Growth with Stability
Representatives from industry bodies such as Self-Regulatory Organizations (SROs), Sa-Dhan, Micro Finance Institutions Network (MFIN), and Finance Industry Development Council (FIDC) also participated in the discussions.
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.
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.
CPI inflation down in January: Why it is too early to uncork the bubbly
The most significant contributor to the decline is food inflation, which eased to 6% in January from over 8% in the preceding months
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