The Reserve Bank of India (RBI) has appointed an additional director on the Board of the Kolkata-based lender. The RBI appointed Arun Kumar Singh, Chief General Manager (retired), of Reserve Bank of…
Indian MFIs Must Act Now to Prevent Another Crisis
For microlenders in India, it’s time to pause and reflect. There are troubling signs that the issues which nearly collapsed the industry during the 2010-2012 Andhra Pradesh crisis are re-emerging. In states…
RBI grants Payment Aggregator license to SabPaisa
SabPaisa (SRS Live Technologies Private Limited), a leading payment solutions provider, on June 21 said it has received final approval from the Reserve Bank of India (RBI) to function as a Payment…
Tata communications gets $ 250 mn loan from ANZ-led consortium
Tata Communications has secured a five-year $ 250 million sustainability-linked loan (SLL) from DBS Bank, ANZ and Export Development Canada (EDC), a press release said on June 20. ANZ acted as the…
Sahil Shah named Chief Investment Officer and Fund Manager of Equirus Long Horizon Fund
Equirus on June 20 announced the appointment of Sahil Shah as the new Fund Manager of Equirus Long Horizon Fund (ELHF) and Chief Investment Officer (CIO). Prior to joining Equirus, Shah served…
RBI cancels the licence of The City Co-operative Bank Ltd., Mumbai, Maharashtra
The Reserve Bank of India (RBI) on June 19 said it has cancelled the licence of “The City Co-operative Bank Ltd., Mumbai, Maharashtra.” Consequently, the bank ceases to carry on banking business,…
RBI Bulletin: Volatile food inflation remains key villain in the inflation story
Volatile food inflation could very well turn out to be the villain in the central bank’s bid to curtail inflation, according to the latest monthly bulletin from the Reserve Bank of India…
RBI Special Audit Concludes; IIFL Finance Implements Necessary Measures
On June 15, IIFL Finance, a non-banking finance company, announced the completion of a special audit initiated by the Reserve Bank of India (RBI) following regulatory actions announced in early March. The…
Don’s ask, don’t tell! Why Have Big Bank CEOs Gone Silent?
In recent years, the communication approach of top bank CEOs has notably shifted. They have become more cautious, distancing themselves from the media and leaving the talking to their communication specialists or…
What Does the Fed Signaling Caution Mean for India?
Contrary to analysts’ expectations of a dovish tone, the US Federal Reserve’s commentary on June 12 was far from benign. The Fed indicated a reluctance to implement significant interest rate cuts as the fight against inflation persists.