RBI

According to the press release, six NBFCs have given up their licenses as a result of leaving the Non-Banking Financial Institution (NBFI) industry.

The securities with maturities of November 4, November 14, and January 16 are 6.18 percent GS 2024, 9.15 percent GS 2024, and 6.89 percent GS 2025 that are being bought back, according to the central bank.

The bank is dedicated to ensuring adherence and compliance of regulatory norms and will now resume onboarding new customers to the bob World application.

Economists predict that this month will see an average banking system liquidity imbalance in India, which has existed since April 20 and is predicted to remain that way this month.

According to a business release, the proposed subsidiary will operate as a finance company within GIFT, offering lending, investing, and other financial services.

On May 19, 2023, the banking authority said that banknotes with the value of ₹2000 would no longer be in circulation.

Midway through November of last year, the RBI urged the NBFC to cease these kinds of transactions since they weren't following its criteria for digital lending.

The Hinduja Group company is required by the resolution plan to pay the Reliance Capital lenders an upfront sum of ₹9,650 crore.

In the upcoming quarter, Q1 FY25, the credit card business anticipates that interest rates will either stay the same or slightly increase.

The Foreign Exchange Management (Foreign Currency Accounts by a Person Residing in India) Regulations have been amended, as officially announced by the central bank.

The RBI stated that circumstances are favorable for a persistent uptick in real GDP growth, which has averaged more than 8% between 2021 and 2024, in a paper titled "State of the Economy."

According to the RBI, this has to do with the deposit taking company guidelines of 2016 and the non-banking financial company's systemically important non-deposit taking firm's non-compliance regulations.

According to the RBI, these modifications on know your customers (KYC), merchant due diligence, escrow account operations, etc., are meant to further fortify the payment ecosystem.

KFS is a concise, easily comprehensible summary of the important details of a loan agreement that is given to the borrower in a standard manner.

The Reserve Bank of India's (RBI) new regulations have made it possible for UPI users to make payments through any other third-party application using their wallet funds.An outline of the various prepaid payment options is…

Given the greater risk weights associated with personal loans, the partners may decide to concentrate more on other asset classes, such as house loans and loans to micro, small, and medium-sized companies (MSME). 

After increasing by a total of $26.5 billion during the preceding five weeks, overall reserves are rising for the sixth week in a row. RBI data shows that during the previous reporting week, the currency kitty climbed by $140…

Users should make sure that there is a legitimate underlying contracted exposure that hasn't been hedged using another derivative contract, and they should be able to prove it if necessary, according to a January 5 circular…

The central bank's weekly statistical data revealed that India's foreign currency assets (FCA), which make up the majority of the country's forex reserves, decreased by $123 million to $568.264 billion.

The monetary policy committee (MPC) calendar for the upcoming fiscal year 2024–25 (FY25), which begins on April 1, 2024, has been issued by the Reserve Bank of India (RBI).