Reserve Bank
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‘Change in loans rule showing result’

RBI says these are precautionary measures, move not aimed at denying loans to the needy

published on : 9th December 2023
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UPI payment limit raised to Rs 5L for healthcare, education

RBI Governor Shaktikanta Das laid out various regulatory policy measures in progress for fintech, web-aggregation of loans, and connected lending.

published on : 9th December 2023
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RBI, BoE end deadlock over clearing corporation

According to an RBI statement, the MoU establishes a framework for the BoE to place reliance on RBI’s regulatory and supervisory activities while safeguarding UK financial stability.

published on : 2nd December 2023
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New consumer credit norms to bolster India's financial stability amidst surging loan growth: RBI

The phased implementation of these measures underscores the regulators' commitment to maintaining financial stability while allowing financial institutions time to adapt to the new norms.

published on : 24th November 2023
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Rupee sees lower volatility relative to peers: RBI Governor Shaktikanta Das

He says this is due to the strength of underlying macro-fundamentals of the economy and reassuring forex buffers

published on : 23rd November 2023
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Why borrow with caution now

In another development, the Reserve Bank of India has asked Bajaj Finance, a non-banking finance company, to stop offering loans under two digital lending products.

published on : 20th November 2023
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Tightening unsecured loans a good move

Unsecured retail loans have been growing at over 20 per cent in many banks and NBFCs for a very long time.

published on : 20th November 2023
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‘Banks will need capital as RBI hikes risk weight on loans’

The impact of the circular is limited to consumer loans. Housing loans, education loans, vehicle loans, and loans secured by gold and gold jewellery do not fall under its purview.

published on : 18th November 2023
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Tread carefully while taming inflation with high interest rates

Even though oil prices have been declining for four consecutive months, central banks are in no mood to let go.

published on : 18th November 2023
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Bank, NBFC shares fall after RBI tighten norms on personal loans

The Reserve Bank on Thursday tightened norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight for unsecured personal loans.

published on : 17th November 2023
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RBI stops two digital loan products of Bajaj Finance

The action was taken by the banking regulator due to non-adherence of the digital lending guidelines of RBI by the company.

published on : 16th November 2023
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Retail inflation at 4.87% in October

Food inflation rate sees mixed trend, oil and fat prices fall 14%, pulse prices rise 19%

published on : 14th November 2023
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Coop societies functioning as per RBI norms, says Minister Vasavan

In the directive, which comes following the irregularities in some Kerala-based cooperative societies, RBI said “some co-operative societies are using the word ‘Bank’ in their names.

published on : 10th November 2023
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Business confidence buoyant despite economic headwinds

The CII Business Confidence Index has continued its upward trajectory as it rose to a three-quarter high of 67.1 in the second quarter as compared to 66.1 in the previous quarter.

published on : 4th November 2023
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Q2 GDP growth will surprise on the upside: Das  

Das said geopolitical uncertainties are the biggest risk to global growth at present, but India is better placed to handle it as compared to other countries.

published on : 1st November 2023
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Retail loans continue to witness rise despite RBI’s concerns

 Q2 results of top banks show high double-digit growth in personal, credit card loans

published on : 29th October 2023
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Alert customers in case of change in credit reports: RBI

The banking regulator has also asked the credit bureaus to alert the customers when their credit reports are accessed by a third party.

published on : 27th October 2023
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Economy looks positive, to grow at 6.5 per cent in FY24 amid global slowdown: RBI

Though near-term inflation may soften due to corrections in vegetable prices such as tomatoes, and the reduction in LPG prices, the trajectory, going forward, will depend on various factors.  

published on : 20th October 2023
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Tokenising cards for safer transactions

Tokenisation replaces actual card details with a 16-digit code, which is a unique combination of the card, the merchant or entity accepting the token, and the device on which the payment is made.

published on : 13th October 2023
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RBI asks BoB to halt onboarding users to app over bogus registrations allegation

The action, the RBI added, is based on certain material supervisory concerns observed in the manner of onboarding customers onto the application.

published on : 10th October 2023
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