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  • As yields soar, NABARD scraps Rs 5,000-crore bond issue, HDFC gets tepid response May 26, 2022 05:04 PM IST

    As yields soar, NABARD scraps Rs 5,000-crore bond issue, HDFC gets tepid response

    Bond issuances are likely to stay subdued at least till the June 8 monetary policy for bond yield spreads to adjust and as clarity on interest rates emerges, a majority of money market participants have said

  • RBI cancels registration of 5 NBFCs due to irregular lending practices May 26, 2022 07:41 AM IST

    RBI cancels registration of 5 NBFCs due to irregular lending practices

    Non-Banking Financial Companies (NBFCs) whose CoR stands cancelled are: UMB Securities Ltd, Anashri Finvest, Chadha Finance, Alexcy Tracon, and Jhuria Financial Services.

  • RBI cancels registration certificate of five NBFCs for irregular lending practices May 25, 2022 08:03 PM IST

    RBI cancels registration certificate of five NBFCs for irregular lending practices

    The central bank found that the five NBFCs violated RBI guidelines on outsourcing and Fair Practices Code in their digital lending operations undertaken through third-party apps. This was considered “detrimental to the public interest,” the RBI said.

  • Explained: 5 things about RBI dividend transfer to government touching decadal low May 24, 2022 07:36 PM IST

    Explained: 5 things about RBI dividend transfer to government touching decadal low

    The dividend transfer of Rs 30,307 crore is much below the government’s budgetary expectation of Rs 73,948 crore from RBI and PSU banks. Thus, it has created a shortfall of around Rs 4 3,641 crore, compared to the budgeted numbers.

  • Petitioner moves Delhi HC second time against Hindujas’ plan to up stake in IndusInd Bank May 24, 2022 12:34 PM IST

    Petitioner moves Delhi HC second time against Hindujas’ plan to up stake in IndusInd Bank

    Also, the petitioner wants the Delhi HC to stay an RBI rule that lets private bank promoters to keep up to 26% stake in banks.

  • RBI penalises Bilaspur Nagrik Sahakari Bank for violating norms May 23, 2022 06:06 PM IST

    RBI penalises Bilaspur Nagrik Sahakari Bank for violating norms

    The bank had not adhered to prudential inter-bank (gross) exposure limit, the RBI said in a release.

  • RBI sets up committee to review customer service standards May 23, 2022 06:03 PM IST

    RBI sets up committee to review customer service standards

    The six-member committee will also look into the adequacy of customer service regulations and suggest measures to improve customer service, the RBI said in a release

  • G-Sec yield may harden to near 8% as market gears up for additional govt borrowing, say experts May 23, 2022 04:38 PM IST

    G-Sec yield may harden to near 8% as market gears up for additional govt borrowing, say experts

    The government over the weekend announced a slew of measures to fight inflation including a cut in excise duty cut on petrol that can have revenue implications

  • RBI Governor Interview | Central bank to conclude on HDFC twins merger in the near future May 23, 2022 01:36 PM IST

    RBI Governor Interview | Central bank to conclude on HDFC twins merger in the near future

    HDFC on April 4 said its board has approved the merger of its wholly owned subsidiaries HDFC Investments and HDFC Holdings with HDFC Bank

  • RBI Governor Interview | 'We do not have any exchange rate target in mind' May 23, 2022 01:12 PM IST

    RBI Governor Interview | 'We do not have any exchange rate target in mind'

    The RBI aims to prevent excessive volatility in rupee, the governor said

  • RBI Governor interview | Expectation of a rate hike is a no-brainer, says Shaktikanta Das May 23, 2022 12:46 PM IST

    RBI Governor interview | Expectation of a rate hike is a no-brainer, says Shaktikanta Das

    The market is “right in thinking” that the MPC wants to raise rates in the next meeting on June 8, Shaktikanta Das tells CNBC-TV18 in an interview

  • Illegal loan sharks return in the guise of digital lenders May 23, 2022 11:21 AM IST

    Illegal loan sharks return in the guise of digital lenders

    Instant loan providers are thriving, luring gullible consumers looking for easy loans only to harass them later using recovery agents, pushing many to commit suicide. Moneycontrol tracked a few such cases. Here’s what we found

  • Global stagflation fears point to more pain for Indian rupee, say experts May 20, 2022 03:54 PM IST

    Global stagflation fears point to more pain for Indian rupee, say experts

    The rupee has been depreciating against the dollar on worries of stagflation and aggressive interest rate hikes by the US Federal Reserve. In May alone, the rupee has dropped to a record low five times

  • RBI issues norms for interoperable card-less cash withdrawal at ATMs May 19, 2022 06:54 PM IST

    RBI issues norms for interoperable card-less cash withdrawal at ATMs

    The central bank, in its April monetary policy meeting, had proposed to allow interoperability in cardless cash withdrawal transactions at all banks and ATMs using the UPI facility

  • RBI allows settlement of government-backed $1 billion credit facility to Sri Lanka in rupee terms May 19, 2022 06:46 PM IST

    RBI allows settlement of government-backed $1 billion credit facility to Sri Lanka in rupee terms

    In March, the government had said that State Bank of India will provide $1 billion credit facility to Sri Lanka for procurement of food, medicines and other essential items

  • Rising inflationary concerns dominated MPC’s latest off-cycle meeting, minutes show May 18, 2022 05:08 PM IST

    Rising inflationary concerns dominated MPC’s latest off-cycle meeting, minutes show

    The MPC, in a surprise move on May 4, had hiked the repo rate by 40 basis points to 4.40 percent and increased the cash reserve ratio by 50 basis points amid concerns over high inflation.

  • RBI's criticism for "delayed" rate hike unfair, says D Subbarao May 18, 2022 12:37 PM IST

    RBI's criticism for "delayed" rate hike unfair, says D Subbarao

    Earlier this month, Monetary Policy Committee (MPC), the central bank’s rate-setting panel, surprised the markets with a 40 basis points hike in repo rate in an off-cycle policy meeting. It was also the first rate hike after August 2018, amid spiralling inflation.

  • India’s inflation heat : As prices skyrocket, poor households face a double whammy, cut spending May 18, 2022 08:19 AM IST

    India’s inflation heat : As prices skyrocket, poor households face a double whammy, cut spending

    Expensive food and fuel have burnt a deep hole in the pockets of consumers; the poor have been particularly badly hit 

  • RBI penalises Kalupur Commercial Co-operative Bank for rule violations May 17, 2022 06:14 PM IST

    RBI penalises Kalupur Commercial Co-operative Bank for rule violations

    The bank didn't flow its directions on interest rates for deposits and reporting mechanism of frauds, the RBI said in a release

  • RBI bulletin | Improving infrastructure, taming inflation key to growth May 17, 2022 06:07 PM IST

    RBI bulletin | Improving infrastructure, taming inflation key to growth

    In order to achieve a higher growth path on a sustainable basis, private investment needs to be encouraged through higher capital expenditure by the government, the RBI said.

  • RBI to raise rates again in June but not clear by how much: Poll May 16, 2022 07:48 AM IST

    RBI to raise rates again in June but not clear by how much: Poll

    India's retail inflation accelerated to an eight-year high in April, remaining above the central bank's tolerance limit for a fourth month in a row, and is likely to stay elevated.

  • RBI may have to tolerate high yields, prioritise inflation, experts say May 13, 2022 03:30 PM IST

    RBI may have to tolerate high yields, prioritise inflation, experts say

    The RBI’s limitation in intervening heavily in the debt market signals that bond yields are likely to rise further as the banking regulator continues with the removal of policy accommodation, economists and money market experts say.

  • RBI may up inflation forecast in next MPC meeting; rate hike on cards: Sources May 12, 2022 07:12 AM IST

    RBI may up inflation forecast in next MPC meeting; rate hike on cards: Sources

    The MPC, headed by the RBI Governor, is scheduled to meet between June 6 and June 8. It has been mandated to keep retail inflation in the range of 2-6 per cent.

  • RBI extends restrictions on two co-operative banks May 11, 2022 05:39 PM IST

    RBI extends restrictions on two co-operative banks

    The central bank extended the restrictions on Solapur-based The Laxmi Co-operative Bank and Bengaluru-based Sri Guru Raghavendra Sahakara Bank Niyamitha due to their deteriorating financial condition.

  • RBI may have to explain failure to meet inflation target by September, says former governor D Subbarao May 10, 2022 05:23 PM IST

    RBI may have to explain failure to meet inflation target by September, says former governor D Subbarao

    Should the prospect of a letter arise again by September, the RBI must see it as an opportunity to explain the challenges of navigating extraordinarily uncertain times, Subbarao said

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