Rupee slips 16 paise to 74.55 against US dollar in early trade
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The Indian rupee depreciated by 16 paise to 74.55 against the US dollar in opening trade Tuesday, as a muted trend in the domestic equity market and firm American dollar weighed on investor sentiment
Bank officers' body to hold protest against govt's privatisation plan
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All India Bank Officers Confederation (AIBOC) on Monday said it will hold a protest programme against the government's move to privatise public sector banks (PSBs) in Delhi later this month
Co-operative societies can't use 'bank' in their names, says RBI
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The RBI on Monday cautioned the public against co-operative societies using 'bank' in their names as well as accepting deposits from people who are not their members.
SBI yet to refund Rs 164 cr undue fee charged from Jan Dhan a/c holders
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SBI is yet to return Rs 164 crore of undue fee charged from the account holders of Pradhan Mantri Jan Dhan Yojana (PMJDY) towards digital payments during April 2017 and December 2019, a report said.
RBI panel recommendations will promote growth of digi-lending: Industry
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The recommendations made by the RBI working group on digital lending, including lending through online platforms and mobile apps, will promote orderly growth of sector, industry players said.
In a comprehensive report, the Working Group constituted by the RB
FM Sitharaman to lead a team of secretaries for discussions at GIFT City
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Talks are likely to revolve around role of GIFT-IFSC as a gateway to global financial services for Indian companies, attracting global financial business to India, and growth as a fintech global hub
FM to lead a team of 7 secretaries for discussions at GIFT City on Saturday
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The role of GIFT-IFSC as gateway to global financial services for Indian corporates within India, attracting global financial business to India will be discussed
Understanding fixed and recurring deposits in banks
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Before the equity market, mutual funds and other investment options became household names, FDs and RDs were considered the safest mode to park money. Let us decode them in this segment
Govt to set up working groups to prepare action plan: Bank officials
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Finance ministry is likely to constitute working groups which will define action plans that will be aimed at providing seamless credit flow to various sectors, bank executives said
RBI panel suggests separate law to prevent illegal digital lending via apps
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Seeking to safeguard the interest of customers, a Reserve Bank working group has suggested enactment of a separate legislation to prevent illegal digital lending through apps.
The other suggestions of the working group include subjecting the digital lending
RBI report urges new nodal agency, SRO, law to ban illegal digital lending
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Says balance sheet lending through DLAs should be restricted to entities regulated by RBI or entities registered under any other law for specifically undertaking lending business
Karnataka sets up fintech task force with Razorpay, Zerodha founders
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The task group will work towards creating a roadmap for the growth of the industry, identifying the opportunities and challenges faced by the fintech ecosystem
Bank credit grows at 7.14%, deposits at 11.42%, shows RBI data
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Bank credit grew by 7.14 per cent to Rs 111.64 lakh crore and deposits increased by 11.42 per cent to Rs 160.49 lakh crore in the fortnight ended November 15, 2021, RBI data showed.
Closely monitoring business models, strategies of banks: RBI Governor
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The central bank is closely monitoring the business models and strategies of banks, Reserve Bank of India Governor Shaktikanta Das said on Tuesday.
He, however, clarified that the central bank's move is not intended at interfering in banks' commercial decisi
RBI Guv wants banks to be investment-ready as recovery gathers momentum
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Shaktikanta Das on Tuesday asked banks to be investment-ready when the private Capex cycle picks up, as the pandemic-battered economy is on a strong recovery path
When RBI warns about something, listen: Governor Das on cryptocurrencies
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In his speech, the RBI governor had alarmed a few bankers, especially the private ones, by stating the RBI is watching closely banks driven solely by profit motive
MFIs' gross loan portfolio dips 1.1% to Rs 2.25 trn at Sep-end: Report
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The gross loan portfolio (GLP) of microfinance lenders marginally dipped by 1.1 per cent to Rs 2,25,331 crore in the September quarter, according to a report by Sa-Dhan
What lies ahead for microfinance institutions after pandemic disruption?
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During the pandemic, small businesses struggled to stay afloat. So were microfinance institutions which lend them money. As businesses are gathering momentum again, here's how the sector is doing
SIDBI launches second window of Swavalamban Challenge Fund
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Small Industries Development Bank of India (Sidbi) on Monday said it has launched the second window of Swavalamban Challenge Fund (SCF) with Green Bharat as prioritised theme.
RBI remains net purchaser of US dollar in September, says report
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The Reserve Bank of India (RBI) remained net buyer of the US currency in September 2021, after it purchased USD 791 million on the net basis from the spot market, RBI data showed
