RBI: Page 7

News and Trends

RBI To Explore the Need For Digital Currency

While releasing a booklet, the central bank noted that private digital currencies/virtual currencies/cryptocurrencies have gained popularity in recent years

News and Trends

RBI Bars HDFC Bank From Acquiring New Credit Card Customers, Digital Launches

These strictures come on the back of several instances of technical glitches and outages on internet banking, mobile banking over the last two years

Leadership

Corporates As Bankers: Not a Bankable Idea

RBI has moved beyond the normal terms on promoters' eligibility and net worth and has set a minimum threshold on assets requirement and operational record

News and Trends

RBI Slaps Penalty Amounting to INR 5.78 Cr on Muthoot Finance, PhonePe, 4 Others for Violating Regulatory Norms

Sodexo, QwikCilver, Punjab National Bank Ltd (PNB) and Delhi Metro Rail Corporation Ltd (DMRC) are the other four entities to be fined for violating regulatory norms

News and Trends

Lendingkart First to Launch Co-Lending Scheme In Partnership With Banks Post RBI's Revised Guidelines

Lendingkart has launched a co-lending software-as-a-service (SaaS) platform Lendingkart 2ghtr, for banks and non-banking financial institutions (NBFCs)

News and Trends

India's GDP Expected to Shrink 9.5% for FY21, But Silver Linings Already Visible: RBI

RBI governor Shaktikanta Das at the central bank's MPC meeting announced a range of measures to support the economy in emerging from the impact of the Covid-19 pandemic

Technology

How ML-Driven Early Warning Systems Help Lenders Monitor MSMEs

The technology itself has evolved over the past decade to cater to the processing of structured and unstructured data at scale by leveraging ML-driven technology

News and Trends

COVID-19 Threw Away Our Traditional Wisdom: Dr. Viral V. Acharya

Reserve Bank of India's former deputy governor and Indian economist talks about the role of micro entrepreneurs in nation building and how financial institutions can play a crucial role, especially during the pandemic

News and Trends

RBI Keeps Interest Rates Unchanged, Proposes More Measures to Fight Covid-19

The central bank has slashed interest rates by 115 basis points (bps) since the beginning of this year, bringing it to the lowest level since 2000. Repo rate was last cut in an off-cycle policy review in May

Finance

Covid-19 Lockdown: RBI puts off EMIs, Slashes Interest Rates

RBI has not only cut its benchmark repo rate by 70 basis points but also slashed cash reserve ratio by 100 basis points

Finance

Three-Month Loan Moratorium: Not a Waiver, May Not Benefit All Borrowers

Opposed to prima facie benefits of the three-month loan moratorium announced by the RBI, finer details reveal its a costly proposition

Finance

SC Nixes RBI's Curb on Crypto, but Industry Still Not Convinced

Though a welcome move, the supreme court's judgment to squash RBI's curb on cryptocurrency transactions through banks does not solve the core problems ailing the industry, say experts

News and Trends

Relief For Cryptocurrency Stakeholders, Trading Now Legal In India

A three-judge SC bench struck down RBI's ban on cryptocurrency saying that the ban was 'disproportionate'

Technology

Everything You Need To Know About The Proposed Cryptocurrency Ban In India

RBI governor Shaktikanta Das said that issuing currency is a sovereign mandate and this should not be given to private companies

Social Media

WhatsApp Returns Disappointed After RBI Bars Launch Of Payments In India

RBI has told Supreme court that WhatsApp is not compliant with data localisation norms and has directed NPCI to stop full-scale launch of WhatsApp Pay in India