RBI gives fintech SRO status to FACE
Of the remaining two applications, one application has been returned with a provision for resubmission after meeting certain requirements. The third application is under examination, the RBI said.
RBI
RBI Governor Das Unveils Unified Lending Interface to Streamline Credit Access
On August 26, Reserve Bank of India (RBI) Governor Shaktikanta Das announced the introduction of a new technological platform, the
RBI MPC Minutes; Increasing divergence in growth assessments, says Madhavi Arora of Emkay Global
Continued moderation in core inflation was unanimously recognized, but the possibility of higher food prices spilling over to core remains a key concern. Real rate concerns raised their head again, but have not yet become the prevalent view among most committee members. Going forward, the RBI is likely to continue stressing on being ‘actively disinflationary’ and maintain a wait-and-watch mode to assess multiple macro forces, both domestic and global.
Are Mutual Funds draining money from bank deposits?
Even if money is moving from bank deposits to mutual funds, ultimately the money should remain in banks albeit under a different ownership. How would this cause a dip in bank deposits?
RBI imposes monetary penalty on BoM, Hinduja Leyland Finance and Poonawalla Fincorp
The Reserve Bank of India (RBI) has cracked down on three entities imposing monetary penalties citing rule violations. These are Bank of Maharashtra (BoM), Hinduja Leylan Fincorp Finance and Poonawalla Fincorp.
RBI imposes monetary penalty on Muthoot Housing Finance
After considering the company’s reply to the notice and oral submissions made by it during the personal hearing, RBI found that the company failed to take prior written permission of the RBI for change in management resulting in change of more than 30 per cent of its directors, excluding independent directors, warranting imposition of monetary penalty, the RBI said.
CPI inflation falls to a 5-year low in July: Don’t uncork the bubbly yet
Locally, food prices remain tricky. Hence, the central bank will continue on a wait and watch mode till end of this year before it gets convicing signals on a sustainable easing in inflation numbers.
RBI Policy: MPC leaves repo rate unchanged
The six-member monetary policy committee (MPC) led by the Reserve Bank of India (RBI) on August 8 kept the interest
Will RBI surprise today with a rate cut?
The six-member monetary policy committee (MPC) led by the Reserve Bank of India (RBI) is likely to hold interest rates
RBI issues Prompt Corrective Action Framework for Primary Urban Co-operative Banks
The Reserve Bank of India (RBI) on July 26 issued Prompt Corrective Action (PCA) framework for Primary (Urban) Co-operative Banks.