According to the latest RBI bulletin for March 2025, FCNR(B), NR(E)RA, and NRO have experienced growth in both inflows and outstanding amounts
The central bank has introduced changes such as sharing donor details and modification of the existing NEFT and RTGS systems of banks for Foreign Contribution (Regulation) Act (FCRA) related transactions.
The Telangana High Court ruled that the state cannot regulate microfinance institutions registered with the Reserve Bank of India.
The Union Budget 2023-24 did not outline regulations for crypto assets
Budget 2023: After RBI Governor Shaktikanta Das again highlighted the regulatory and fundamental problems with cryptocurrencies, experts now expect additional regulatory measures for the sector in the Union Budget
RBI has tightened its grip on NBFCs post collapse of Dewan Housing and IL&FS
The appointed administrator by the Reserve Bank of India (RBI) will supersede the board of directors
Some customers were told to visit branches to redo their know-your-customer formalities despite the digital re-KYC mandate by the Reserve Bank of India. Others faced technical glitches on websites and mobile applications
Utkarsh is a three-year roadmap of the Reserve Bank of India (RBI) to improve regulation and supervision, among other functions of the central bank
Cooperative banks, which have played a critical role in extending banking services in the villages, have been confronting a range of issues
Creating a level playing field with other financial institutions a must, hence expecting relaxation in end-of-the-day deposit and other services, Ketan Merchant, CFO, said
The banking sector benefitted from macro-economic recovery in 2022, but the year ahead poses challenges as well as growth opportunities, say experts
Experts attribute the rise to aggressive lending, recovery practices
The bank has hiked its peak FD rate for retail deposits by 25 basis points, from existing 7.5 percent to 7.75 percent for regular customers and 8 percent to 8.25 percent for senior citizens
The agreement will provide swap support as a backstop line of funding for short-term foreign exchange liquidity requirements.
Experts said that gold, personal loan PTCs affected, direct assignments not expected to be impacted
Shaktikanta Das says the story of the Indian rupee is one of resilience and stability and “we will continue to act for an orderly evolution of exchange rate”
The RBI introduced the pilot wholesale central bank digital currency (CBDC) on October 31, 2022. Insiders say, most traders are only testing this currency at this point in time and not taking positions. For taking positions, they are still going by the normal trading practices on the NDS-OM
Additionally, unsecured loans, used vehicles financing and the MSME segment are expected to propel growth, CRISIL said on Wednesday
Data showed that the amalgamation of Equitas Holding and Equitas Small Finance Bank (SFB) will help the bank improve its asset quality and credit growth
Data shows that deposits of many small finance banks rose to new heights compared to a minimal rise and fall last year
The latest data from the RBI showed that year-on-year outstanding growth on credit cards reached 27 percent compared to 11 percent last year.
Ananth Narayan, Head-Financial Markets, Standard Chartered Bank said changing the stance from accommodative to neutral was a surprise and not expected by the market and so one is likely to see a sell-off in bond markets