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  • RBI cancels certificate of registration of seven NBFCs Oct 29, 2020 03:35 PM IST

    RBI cancels certificate of registration of seven NBFCs

    The central bank has been tightening monitoring and scrutiny of non-banking firms over the years.

  • RBI imposes monetary penalty on DCB Bank, Jio Payments Bank for rule violations Oct 28, 2020 10:21 PM IST

    RBI imposes monetary penalty on DCB Bank, Jio Payments Bank for rule violations

    The RBI imposed a penalty of Rs 22 lakh on DCB Bank for non-compliance with certain provisions on marketing/distribution of mutual fund/insurance etc, and a penalty of ₹1 crpre on Jio Payments Bank over re-appointment of MD & CEO

  • Paying with your mobile wallet to get simpler with interoperable QR codes Oct 28, 2020 10:31 AM IST

    Paying with your mobile wallet to get simpler with interoperable QR codes

    RBI has prohibited Paytm, Google Pay and other payment firms from using proprietary QR codes. With interoperable QR codes, you can now use one QR code to make payments across merchants

  • RBI notifies compound interest waiver scheme on moratorium loans Oct 27, 2020 11:10 AM IST

    RBI notifies compound interest waiver scheme on moratorium loans

    The Ministry of Finance had released the guidelines of the interest on interest waiver scheme on October 24.

  • Interview | India FY21 fiscal deficit expected to be around 7.4% of GDP: ICRA economist Aditi Nayar Oct 26, 2020 03:15 PM IST

    Interview | India FY21 fiscal deficit expected to be around 7.4% of GDP: ICRA economist Aditi Nayar

    Though the LTC and festival advance schemes will result in a temporary boost to consumer sentiment and economic activity, this would only end up upfronting consumption, and the temporary uptick would subsequently fizzle out, Aditi Nayar told Moneycontrol in an interview.

  • 5 factors to consider before choosing a fixed deposit Oct 26, 2020 10:53 AM IST

    5 factors to consider before choosing a fixed deposit

    Deposits of up to Rs 5 lakh with any small finance and small private sector banks are as safe as having deposits with any of the large private sector banks and PSBs

  • Lenders to debt-ridden DHFL to meet on October 26 to take call on bids Oct 25, 2020 07:57 PM IST

    Lenders to debt-ridden DHFL to meet on October 26 to take call on bids

    Since investors have submitted poor bids, lenders are set to lose whopping Rs 68,000 crore against the total liabilities of Rs 95,000 crore, according to sources.

  • Govt announces compound interest waiver on moratorium loans — here's is how it will affect borrowers Oct 24, 2020 11:03 PM IST

    Govt announces compound interest waiver on moratorium loans — here's is how it will affect borrowers

    Although the government has finally announced its scheme on waiving interest on interest on moratorium loans, the relief to small borrowers is minimal. You will still need to pay your principal and original interest.

  • Interest waiver on loans: What is compound interest waiver scheme, who is eligible for benefits and other details Oct 24, 2020 01:51 PM IST

    Interest waiver on loans: What is compound interest waiver scheme, who is eligible for benefits and other details

    The government has released guidelines to implement the interest on interest waiver scheme. Here are all the details on what exactly the compound interest waiver scheme involves, who will benefit, eligibility criteria to avail the interest waiver scheme and other important details.

  • Rate cut will depend upon moderation in inflation: RBI Governor Shaktikanta Das Oct 23, 2020 06:29 PM IST

    Rate cut will depend upon moderation in inflation: RBI Governor Shaktikanta Das

    The reconstituted MPC, which met from October 7 to 9, had decided to keep the benchmark lending rates unchanged in view of the hardening of retail inflation.

  • RBI board holds review meet to take stock of economic situation, other challenges Oct 23, 2020 06:17 PM IST

    RBI board holds review meet to take stock of economic situation, other challenges

    The meeting, which was held through video conferencing, also deliberated on the issues concerning financial stability in the present context.

  • Big Story | Payment operators directed to shift to interoperable QR codes by March 2022 Oct 23, 2020 05:27 PM IST

    Big Story | Payment operators directed to shift to interoperable QR codes by March 2022

    It has also barred Payment System Operators (PSOs) from launching any new proprietary QR code for payment transactions.

  • MPC minutes: It may take years for economic growth to regain lost momentum Oct 23, 2020 04:25 PM IST

    MPC minutes: It may take years for economic growth to regain lost momentum

    There is a strong signal in the MPC minutes that growth revival may take much longer than expected and MPC’s main focus will be growth revival, rather than inflation targeting

  • Explainer: What the revised rules for housing finance companies mean Oct 22, 2020 08:11 PM IST

    Explainer: What the revised rules for housing finance companies mean

    HFCs cannot impose foreclosure charges/ pre-payment penalties on any floating rate term loan sanctioned for purposes other than business to individual borrowers, the RBI has said.

  • Big Story | RBI Governor Shaktikanta Das says India is at the doorstep of an economic revival Oct 22, 2020 06:23 PM IST

    Big Story | RBI Governor Shaktikanta Das says India is at the doorstep of an economic revival

    He believes that India has followed the fiscal expansion path to deal with COVID-19-related challenges.

  • Random portfolio rejigging of RBI deputy governors needs to stop Oct 22, 2020 11:29 AM IST

    Random portfolio rejigging of RBI deputy governors needs to stop

    The responsibilities of RBI’s four deputy governors need to be defined and given proper titles and job roles. This will ensure that specialists are chosen for these roles, and will signal to the government that appointments need to be made in time as departments cannot be transferred that easily

  • NEFT, RTGS & IMPS: Which mode should you choose for transferring money? Oct 22, 2020 09:39 AM IST

    NEFT, RTGS & IMPS: Which mode should you choose for transferring money?

    Based on the value of the transaction, the speed of transfer and other factors, you should decide the mode of transfer

  • Fund-starved smaller MFIs write to RBI seeking change in base rate calculation Oct 19, 2020 02:04 PM IST

    Fund-starved smaller MFIs write to RBI seeking change in base rate calculation

    Presently, microlenders can charge only upto 2.75 times of the base rate of five large commercial banks. But they borrow at 16-18 percent from NBFCs. This puts pressure on their margins.

  • For the third time in a decade, Sebi seeks views on extending currency trading hours Oct 16, 2020 02:08 PM IST

    For the third time in a decade, Sebi seeks views on extending currency trading hours

    The market regulator wants currency trading timing extended to curb the outflow of foreign exchange to the Dubai and Singapore markets.

  • RBI announces Rs 10,000 crore OMO purchase of state government securities Oct 16, 2020 12:25 PM IST

    RBI announces Rs 10,000 crore OMO purchase of state government securities

    On October 9, the RBI had said that to improve liquidity and facilitate efficient pricing, it has been decided to conduct OMOs in SDLs as a special case during the current financial year

  • Banks can restructure loans to COVID-19-impacted real estate firms on the basis of project rather than developer Oct 15, 2020 08:19 PM IST

    Banks can restructure loans to COVID-19-impacted real estate firms on the basis of project rather than developer

    The move will ensure that projects are evaluated individually before being declared NPAs; buyers no longer will have to wait for an indefinite period for their homes and developers will get greater payment flexibility.

  • Policies clear environment, impart confidence to push recovery Oct 15, 2020 12:40 PM IST

    Policies clear environment, impart confidence to push recovery

    Certainty on interest rate path by RBI and clarity that the government will not risk more borrowing than committed are immensely helpful

  • Bank credit growth decelerates for sixth successive quarter in June, shows RBI data Oct 14, 2020 07:23 PM IST

    Bank credit growth decelerates for sixth successive quarter in June, shows RBI data

    While industrial credit contracted by 0.6 percent, and its share in overall credit declined to 30.8 per cent from 32.8 per cent a year ago, credit to household sector increased by 9 percent and its share in the total credit rose to 50.2 per cent from 48.7 per cent a year ago

  • Loan moratorium: SC allows Centre to waive interest on interest, asks for action plan; here's what RBI said in court Oct 14, 2020 06:15 PM IST

    Loan moratorium: SC allows Centre to waive interest on interest, asks for action plan; here's what RBI said in court

    The had announced a moratorium on repayment of term deposits for 3 months citing COVID-19 pandemic in March. Later it was extended till August 31 to give borrowers more time to clear payments of EMIs, without being classified as NPAs.

  • Poor credit disbursal and visible green shoots: Paradoxical mismatch Oct 14, 2020 05:44 PM IST

    Poor credit disbursal and visible green shoots: Paradoxical mismatch

    The pertinent question that one needs to ask is: Is credit growth declining due to a lagged effect of a weakened demand being faced by corporates?

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