BUSINESS
RBI Monetary Policy | RBI to issue draft circular on LCR review for banks, says governor
Das added that technology developments have enabled bank customers to instantly withdraw or transfer money from their bank accounts which sometimes can create challenges for banks.
BUSINESS
RBI MPC: Banks, NBFCs must give priority to regulatory guidelines, says RBI Governor
RBI policy meeting: The capital and asset quality of scheduled commercial banks and NBFCs continues to be healthy, governor Shaktikanta Das has said
BUSINESS
Banks reconsider alternative investment funds after central bank clarifies provisioning rules
Recently, the RBI clarified on the earlier guidelines on AIF investments by banks suggesting certain relaxations for banks' AIF investments. Bankers, however, said they will be cautious and won't invest heavily in AIFs.
BUSINESS
Will MPC change repo rate, stance? What Bandhan Bank’s Sanyal thinks
RBI MPC: Governor Shaktikanta Das will announce the monetary policy outcome on April 5. The MPC has maintained status quo for the last six policies with repo rate unchanged at 6.5%
BUSINESS
Indian banking system strong, sustainable, says PM Modi
Prime Minister Narendra Modi was speaking at an event commemorating 90 years of the Reserve Bank of India.
BUSINESS
Banking growth may slow down in Q4 over regulatory actions: ICRA
Srinivasan also added that due to these actions, the asset quality of some players may get impacted.
BUSINESS
RBI@90: Need to keep an eye on the developments coming from cashless economy, says PM Modi
Prime Minister Narendra Modi was speaking at an event commemorating 90 years of the Reserve Bank of India.
BUSINESS
Banks lure customers with lower interest rates on home loans
Experts highlighted that though this is a standard practice, due to rising competition, banks are looking to target more customers
BUSINESS
Interview: No change in repo rate likely in April, says BoB’s Madan Sabnavis
Sabnavis, who is the chief economist with Bank of Baroda, says the central bank will be looking at a 25 basis points cut in August
BUSINESS
Easier provisioning of AIF investments may help lenders allot more to such funds, say experts
Per RBI’s latest clarification, lenders will need to provision only the amount invested by the AIF in a debtor company linked to the lender, and not on the bank's entire investment in the AIF scheme.
BUSINESS
HDFC Bank hikes home loan interest rates by 10-15 bps upto 9.8 percent
Some of the other major private and public sector banks offer home loans at interest rates ranging between 8.75 percent and 10.05 percent
BUSINESS
MC Exclusive: Indian banks reported frauds worth Rs 5.3 lakh crore in last 10 years
Data shared by RBI in response to an RTI plea by Moneycontrol showed that Maharashtra reported the highest number of frauds, followed by Delhi, Haryana, Tamil Nadu and Uttar Pradesh.
BUSINESS
MPC Poll: RBI to leave key interest rates unchanged at April monetary policy, say economists, bankers
The six-member Monetary Policy Committee of the RBI will meet from April 3 to 5 to decide on interest rates.
BUSINESS
Kotak Mahindra Bank open to more partnerships on co-branded credit cards, says senior executive
The bank already has five co-branded credit cards -- with IndiGo Airlines, PVR, Indian Oil Corporation, Myntra, and Metro Cash and Carry.
SPORTS
Why has the sum assured under the IPL's insurance policy shot up this year?
Industry experts attributed the rise in the size of insurance policies this year to the need for cover against any revenue loss due to unforeseen events, especially since 2024 is an election year.
BUSINESS
Majority of Paytm Payments Bank's FASTag customers migrating to HDFC Bank, Axis Bank
On March 13, NHAI advised Paytm Bank FASTag users to procure a new FASTag issued by another bank before March 15, 2024
BUSINESS
Banks to deploy more staff to comply with Election Commission diktat on daily reporting of suspicious transactions
The Election Commission has announced that banks will have to send daily reports on suspicious transactions throughout the election season.
BUSINESS
Worried Paytm Payments Bank employees turn job hunters ahead of RBI deadline
Increase in work load, fear of bank losing licence and shifting of many employees from backend IT operations to the QR code division, which requires visiting merchants on ground, among reasons.
BUSINESS
Customers face issues as banks push for re-KYC
Re-KYC refers to a measure taken by banks to ensure that customer documents collected at the time of opening the bank account are up to date.
BUSINESS
Many banks not collecting DPDP-compliant consent from customers, says report
The report’s findings showed that none of the banks collected parental consent while processing a minor’s data
BUSINESS
Inflation in line with expectations, expect RBI to cut rates in August or October MPC, say economists
At 5.09 percent, the Consumer Price Index (CPI) inflation print for February 2024 was slightly lower than last month's data.
BUSINESS
Lenders await clarity from RBI, IIFL Finance before reviewing co-lending deals
On March 4, RBI stopped IIFL Finance from sanctioning and disbursing fresh gold loans over material supervisory concerns.
BUSINESS
What is the road ahead for Aditya Birla Capital after the merger with its subsidiary?
The merger between Aditya Birla Capital and Aditya Birla Finance was announced on March 11.
BUSINESS
Lack of social support, poor work-life balance to blame for women avoiding bank jobs: Experts
In the last few years, some banks have been moving to become more inclusive by hiring more women.
