BUSINESS
Retail inflation shoots up to 6.95% in March. Will MPC go for a rate hike in June?
The sharp rise in retail inflation puts the MPC in a tight spot. A change in stance is likely soon, followed by a rate hike.
BUSINESS
Banking Central | Big, corporate-led NBFCs need to make a choice
The RBI approach to big NBFCs have been very clear—either operate with tougher, bank-like rules or convert to become banks after rejigging the ownership structure. It is up for the non-banks to decide which way to take
BUSINESS
RBI monetary policy analysis| Das finally picks inflation over growth, how soon will MPC hike rates?
RBI monetary policy | Till now, the MPC has largely focused on growth recovery alone but the attention has now clearly shifted to inflation
ECONOMY
RBI Policy | MPC keeps repo rate unchanged at 4%, retains accommodative stance
The Monetary Policy Committee has so far remained on a growth-supportive stance to guard the economy from the ill-effects of the COVID-19 pandemic.
BUSINESS
RBI policy tomorrow. Will the MPC shift gears?
Growth is likely to remain the guiding mantra for the rate-setting panel this time as well but the policy stance could change and that’ll be the beginning of a new cycle
BUSINESS
Deepak Parekh exclusive interview | HDFC and HDFC Bank need to have a common culture
Deepak Parekh said over the years, tight RBI regulations have removed the arbitrage between a bank and NBFC. This was a vital reason why HDFC chose to merge with the bank.
BUSINESS
Banking Central | Why did HDFC decide to merge with HDFC Bank now?
The RBI has been tightening regulations on the NBFC sector over years, grouping these entities into different categories based on size and interconnectedness and making capital norms stricter.
BUSINESS
Banking Central | What should Supertech homebuyers do?
Both banks and homebuyers have a long battle ahead at the bankruptcy court
BUSINESS
Banking Central | Will latest RBI framework dilute the spirit of MFI model?
Microfinance has always been an avenue for economically weaker sections, especially women borrowers. The new framework poses some important questions.
BUSINESS
Some MFIs, banks need more time to comply with RBI framework
The RBI, on March 14, issued the Framework for Microfinance Loans, which ensures that entities including banks and seven NBFC-MFIs have been brought under similar regulation.
BUSINESS
RBI Bulletin: Ukraine conflict has heightened uncertainty in global economy
The Indian monetary policy committee (MPC) has been on a prolonged accommodative stance to support growth recovery in the economy.
BUSINESS
Paytm Payments Bank asked to appoint IT auditor on RBI’s terms
On March 11, the RBI said it had asked the payments bank to stop onboarding customers. The regulator also ordered a comprehensive IT system audit. This is the second such ban on a prominent banking institution in the last two years.
BUSINESS
Banking Central | After HDFC Bank, Paytm Payments Bank runs foul of RBI
Paytm Payments Bank ban once again shines the spotlight on how lenders need to get a fix on their digital banking channels
BUSINESS
RBI directs Paytm Payments Bank to stop onboarding new customers, orders IT audit
The bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system, the RBI said in a release.
BUSINESS
RBI governor Shaktikanta Das launches UPI for feature phones, says move will bump up digital adoption
This comes after the central bank in December announced a plan to introduce UPI in feature phones, which has remained confined to smartphones as a payment platform ever since rolling out in 2016, limiting its use among people in rural areas having feature phones
BUSINESS
Banking Central| Don't ignore cooperative bank depositors
There is a strong case to up the DICGC insurance cover from the present Rs5 lakhs.
BUSINESS
Extended accommodative stance weakens the credibility of MPC’s inflation-fighting credentials: Jayanth Varma
"If MPC’s credibility is diminished, then the MPC might have to take more drastic and painful measures to have the desired impact on inflation," says the MPC member.
BUSINESS
Central bank's communications need to be backed by actions to build credibility, instil confidence: RBI's Das
With the declaration of COVID-19 as a pandemic in March 2020, communication became more challenging as the RBI had only digital interface with media and market participants while at the same time the central bank had to undertake several emergency conventional and unconventional measures as the crisis unfolded, Das said.
BUSINESS
NSE Scam | My letter identifying yogi based on EY audit, not been called by agencies so far: Ex-bourse chairman Ashok Chawla
Chawla served as NSE chairman between March 2016 and January 2019 and shot a letter to Sebi in 2018 saying Anand Subramanian is the ‘mysterious yogi’ in NSE scam case.
BUSINESS
Rajnish Kumar’s ESOPs were approved by BharatPe Board, part of the contract, says board source
In an interview with Moneycontrol, co-founder Ashneer Grover highlighted that Kumar has ESOPs in the company
BUSINESS
Banking Central | BharatPe must put its house in order
Alleged corporate governance issues, infighting and mud-slinging in public do not augur well for BharatPe which is a part of the PMC Bank rescue mission.
BUSINESS
Deep rot: Why the RBI finally pulled the plug on Cashbean
The outfit operated in violation of various RBI norms. There was also a Chinese ownership angle, which triggered ED action. But Cashbean’s case isn’t an isolated incident.
BUSINESS
RBI cancels Certificate of Registration of Delhi-based app-based lender PC Financial Services
The CoR of the company has been cancelled on account of supervisory concerns such as gross violations of RBI directions on outsourcing and Know Your Customer norms, the central bank said.
BUSINESS
Analysis | RBI’s concerns reflect in latest ASCI curbs on crypto advertisements
The banking regulator has been cautioning investors about the unregulated cryptomarket. The ASCI curbs follows a recent call from a top central bank official to ban cryptocurrencies in India.
