Explained: What does RBI’s new LCR norms mean for banks?
On Thursday, the Reserve Bank of India (RBI) released draft norms for banks concerning the Liquidity Coverage Ratio (LCR). The […]
RBI
RBI may soon issue norms on stress testing of climate-related financial risks, says deputy governor
The Reserve Bank of India (RBI), in the near future, plans to release norms on stress testing of climate-related financial
RBI asks banks to take necessary steps on Microsoft outage, says only 10 banks and NBFCs affected
Reserve Bank of India clarifies on impact of outage in Microsoft Services on its Regulated Entities Large scale outage in
RBI imposes monetary penalty on Muthoot Finance Limited
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,90,000/- (Rupees One Lakh Ninety Thousand only) on
Sebi issues administrative warning to Paytm over related-party transactions with PPBL
Market regulator Sebi has issued administrative warning to One 97 Communications, the parent company of Paytm, the company informed stock
BNW quick analysis| Why did inflation rise in June?
The heatwave impact has been seen on vegetables. Wheat production lower according to the market for FY24 which has seen prices move up. These products will continue to witness high inflation.
RBI deputy governor Patra says price stability key for growth
The RBI has kept the interest rates steady for eight consecutive monetary policies citing persisting risks to inflation.
Morning News Brief| RBI allows residents to open foreign currency accounts in Gift City
Previously, Indian residents planning to invest abroad were required to open bank accounts in foreign jurisdictions before accessing global equity markets. Similarly, parents financing their children’s foreign education had to initiate the process of opening a foreign bank account.
RBI cautions banks on management of internal accounts
Swaminathan urged CFOs to invest in technology and data analytics which would empower them to provide more accurate and real-time financial insights.
RBI cancels permits of Polytex India and Star Finserv citing rule violations
In the case of Polytex, the RBI said it has violated the violated RBI guidelines on code of conduct in outsourcing of financial services by outsourcing its core decision-making functions related to client sourcing, Know Your Customer (KYC) verification, credit appraisal, loan disbursal, loan recovery, follow up with borrowers and attending and resolving complaints from borrowers, the RBI said.