 | Bank credit growth falls further, industrial credit growth slips back into negative zone in JuneLatest RBI data show credit growth of scheduled commercial banks declined to 5.8% in June against 6.2% a year ago. |
 | ‘RBI exploring roll-out of digital currency in phases’“RBI is currently working towards a phased implementation strategy and examining cases which could be implemented with little or no disruption. |
 | Fresh card issuance by 5 private banks to be impacted due to ban on Mastercard by RBI: ReportHDFC Bank would also have been affected by this decision but the lender is already facing restrictions by the RBI on issuance of new cards (debit, credit or prepaid). |
 | Ban on Mastercard to hit RBL, Yes BankAccording to a report by Nomura, RBL Bank, Yes Bank, and Bajaj Finserv are most impacted as their entire card schemes are allied with Mastercard |
 | RBI bars Mastercard from adding customers in India from July 22According to the regulator, the restriction was imposed as the company failed to comply with its directions on storage of payment system data. |
 | RBI's current account circular helps large lenders gain corporate banking market share: ReportsIn mid-2020, the RBI had come up with the circular that specified which bank can open a current account for a borrower, in order to check any misuse through multiple current accounts. |
 | Given approval to set up small finance bank to take over PMC Bank: RBI to Delhi High CourtThe PMC Bank has been put under restrictions, including limiting withdrawals, by the RBI, following the unearthing of a Rs 4,355-crore scam. |
| Overdue FDs to earn less as RBI tweaks normsDeposits are classified as unclaimed by RBI if the customer doesn’t make any transaction in the account for 10 years or more. |
 | RBI should not print money to finance fiscal deficit: Pinaki ChakrabortyPinaki Chakraborty said India's current macroeconomic situation is better than what it was during the first wave of the COVID-19 pandemic and should recover faster if there is no third wave. |
 | RBI tweaks norms for interest on unclaimed amount after deposit maturesNew norms to be applicable for deposits in all commercial banks, small finance banks, local area banks, and cooperative banks. |
| India Inc foreign borrowings plunge by 51 per cent to 738 million US dollars in MayThe entire fund raised by Indian companies in May 2021 came through the automatic route of the external commercial borrowings, according to RBI data. |
 | RBI flags loans by Srei to probable related partiesThe lender said total exposure to these loans were at Rs 8,576 crore as on March 21, 2021, and that it has sought a legal view on its relationship with these borrowers. |
 | Bad loans to spike, but banks to have sufficient capital to weather stress: RBIUnlike last year, however, RBI expects banks’ stress level to be less harsh this year—helped by restructuring, write-offs, and regulatory forbearances including a loan moratorium. |
 | Current account surplus at 0.9 per cent in pandemic year due to sharp contraction in trade deficitThe CAD, the gap between the country’s overall foreign receipts and payments, is an important factor signalling the strength of a nation’s external sector. |
 | RBI issues NBFC dividend payout normsAccording to the new guidelines, both NBFCs and housing financiers will need to meet certain benchmarks to qualify for a dividend payment. |
