![]() | ‘Change in loans rule showing result’RBI says these are precautionary measures, move not aimed at denying loans to the needy |
![]() | UPI payment limit raised to Rs 5L for healthcare, educationRBI Governor Shaktikanta Das laid out various regulatory policy measures in progress for fintech, web-aggregation of loans, and connected lending. |
![]() | RBI, BoE end deadlock over clearing corporationAccording 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. |
![]() | New consumer credit norms to bolster India's financial stability amidst surging loan growth: RBIThe phased implementation of these measures underscores the regulators' commitment to maintaining financial stability while allowing financial institutions time to adapt to the new norms. |
![]() | Rupee sees lower volatility relative to peers: RBI Governor Shaktikanta DasHe says this is due to the strength of underlying macro-fundamentals of the economy and reassuring forex buffers |
![]() | Why borrow with caution nowIn 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. |
![]() | Tightening unsecured loans a good moveUnsecured retail loans have been growing at over 20 per cent in many banks and NBFCs for a very long time. |
![]() | ‘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. |
![]() | Tread carefully while taming inflation with high interest ratesEven though oil prices have been declining for four consecutive months, central banks are in no mood to let go. |
![]() | Bank, NBFC shares fall after RBI tighten norms on personal loansThe 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. |
![]() | RBI stops two digital loan products of Bajaj FinanceThe action was taken by the banking regulator due to non-adherence of the digital lending guidelines of RBI by the company. |
![]() | Retail inflation at 4.87% in OctoberFood inflation rate sees mixed trend, oil and fat prices fall 14%, pulse prices rise 19% |
![]() | Coop societies functioning as per RBI norms, says Minister VasavanIn 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. |
![]() | Business confidence buoyant despite economic headwindsThe 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. |
![]() | Q2 GDP growth will surprise on the upside: DasDas 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. |
![]() | Retail loans continue to witness rise despite RBI’s concernsQ2 results of top banks show high double-digit growth in personal, credit card loans |
![]() | Alert customers in case of change in credit reports: RBIThe banking regulator has also asked the credit bureaus to alert the customers when their credit reports are accessed by a third party. |
![]() | Economy looks positive, to grow at 6.5 per cent in FY24 amid global slowdown: RBIThough 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. |
![]() | Tokenising cards for safer transactionsTokenisation 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. |
![]() | RBI asks BoB to halt onboarding users to app over bogus registrations allegationThe action, the RBI added, is based on certain material supervisory concerns observed in the manner of onboarding customers onto the application. |
