MUMBAI: Large non-banking finance companies (NBFCs) have urged the central bank to allow them to raise deposits from retail investors-a move they say would create a level playing…
Read more Top NBFCs seek RBI nod to raise retail depositsThe Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 31.80 lakh on American Express Banking Corp for non-compliance with certain directions…
Read more RBI slaps penalties on American Express Banking Corp, HDB Financial ServicesChanging customer expectations, the dramatic pace of business growth and the emerging risk landscape have meant that Kotak Mahindra Bank has to move at a much faster pace,…
Read more Kotak Mahindra Bank has to move at a much faster pace: MD & CEO Ashok VaswaniA host of leading banks from Asia as well as some deep-pocketed sovereign funds and private equity firms are learnt to be eyeing a majority stake of 51…
Read more Several foreign banks, funds eye majority stake in Yes BankBanks have parked much lower than the notified amount at the Reserve Bank of India for three days on the trot since the beginning of July 2024. This…
Read more Banks park less than notified amount at VRRR auction for 3 days on the trotThe Reserve Bank on Monday appointed A K Singh as an additional director on the board of Bandhan Bank. The appointment of Singh, a career central banker who…
Read more RBI appoints retired CGM Singh on Bandhan Bank boardTimely action by the Reserve Bank of India last November through increase in risk weights on unsecured consumer credit and bank credit to NBFCs pre-empted build-up of potential…
Read more RBI’s timely action helped curb potential risks in unsecured consumer credit: DasThe Rupee ended almost flat on Wednesday despite robust dollar demand from corporates, especially oil companies, as RBI likely intervened in the non-deliverable forward market to prevent it…
Read more Rupee ends almost flat on likely RBI interventionConsumer confidence paused on its uptrend as sentiments on all parameters, except spending, recorded some moderations in the latest bi-monthly consumer confidence survey released by the Reserve Bank…
Read more RBI: Consumers expect higher rise in overall spending over the next one-year, reveals surveyHinduja Group’s IndusInd International Holdings (IIHL) on May 10 received the long-awaited Insurance Regulatory and Development Authority of India’s approval for the acquisition of Reliance Capital. Also read:…
Read more Reliance Capital acquisition: Hinduja Group’s IIHL gets IRDAI approvalAfter asking banks and non-banking finance companies to take a calibrated approach to growth, the Reserve Bank of India has signalled fintechs to tamp down. In a meeting…
Read more RBI asks fintechs not to pursue blistering growthThe Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards for failing…
Read more RBI bars Kotak Mahindra Bank from onboarding new customers through online & mobile channelsIndia’s financial services sector is expected grow at a CAGR of 19-21 per cent in three-five years, according to Aditya Birla Capital Digital (ABCD) Chairman Kumar Mangalam Birla.…
Read more Kumar Mangalam Birla says financial services to grow 10-22% in 3-5 yearsWith the Reserve Bank of India (RBI) fixated on aligning retail inflation with the four per cent target, majority of the members of its rate setting panel are…
Read more RBI likely to hold repo rate at 6.50%With less than a fortnight to go for Paytm Payments Bank to wind down its operations, highly placed sources in the banking circles say the bank could be…
Read more Administrator likely to be appointed at Paytm Payments Bank after March 15The Reserve Bank of India (RBI) on Thursday said 97.62 per cent of the ₹2,000 banknotes in circulation as on May 19, 2023, had been returned by February…
Read more ₹2000 withdrawal: Total value of banknotes in circulation declined to ₹8,470 crore by Feb-end: RBIThe Reserve Bank of India said there is a need for lenders (regulated entities/REs) to disclose more structured information about their climate-related financial risks. The central bank noted…
Read more Lenders need to disclose more structured information about climate-related financial risks: RBIAn advisory committee, set up by Paytm owner One97 Communications after the Reserve Bank’s action on its payments bank business, is at a stage of engagement with the…
Read more Paytm advisory panel discussing terms of reference with company: DamodaranWith backing from the government and the Reserve Bank of India (RBI), the fintech companies in India can expand their global footprint said Dilip Asbe, MD and CEO…
Read more RBI, Govt support to fuel fintech firms growth: NPCI Chief Dilip AsbeState Bank of India has approached the RBI seeking relaxation in the Cash Reserve Ratio (CRR) requirement for green deposits, which are long-term deposits used to fund green…
Read more SBI in talks with RBI for relaxation in CRR requirement for green deposits
