Tag: Rbi

Feature Phones
RBI to develop UPI for feature phones to boost digital payments

The Reserve Bank of India has decided to develop the UPI platform for feature phones with an aim to increase the penetration of digital payments in the Country.

  • Wednesday, 08 December 2021
RBI
RBI To Soon Float Paper On Reasonableness Of Charges On Transactions Via Digital Payments

To further encourage the use of UPI by retail investors, he said it is proposed to enhance the transaction limit for payments through UPI for Retail Direct Scheme and IPO applications from Rs 2 lakh to Rs 5 lakh.

  • Wednesday, 08 December 2021
Ominous Omicron: RBI Keeps Rates Intact, Remains Accommodative
Ominous Omicron: RBI Keeps Rates Intact, Remains Accommodative

It was widely expected that MPC would hold rates along with the accommodative stance.

  • Wednesday, 08 December 2021
Equities Jump In Early Trade On RBI's Accommodative Stance
Equities Jump In Early Trade On RBI's Accommodative Stance

Besides, the broader 50-scrip Nifty at the National Stock Exchange (NSE) opened at 17,044 points after closing at 17,176 on Tuesday.

  • Wednesday, 08 December 2021
India Exemplary In Publishing Its Foreign Exchange Market Intervention: US Treasury
India Exemplary In Publishing Its Foreign Exchange Market Intervention: US Treasury

The Reserve Bank of India (RBI) reduced its policy rate 115 basis points over the first half of 2020, and it has remained at four percent since May 2020.

  • Saturday, 04 December 2021
RBI's Recent Norms May Spike NPAs For NBFCs, Says ICRA
RBI's Recent Norms May Spike NPAs For NBFCs, Says ICRA

"Stricter NPA upgradation requirement is likely to push-up the NBFC and HFC (housing finance companies) NPAs of March 2022 by about 160-180 basis points and 60-80 basis points, respectively, over March 2021 levels," ICRA's Vice President, Financial Sector Ratings, A.M. Karthik said.

  • Sunday, 28 November 2021
Pvt Bank Promoters Can Hold Up To 26% After 15 Yrs, Will Have To Bring In More Money
Pvt Bank Promoters Can Hold Up To 26% After 15 Yrs, Will Have To Bring In More Money

The RBI accepted the recommendation that no changes be made to the extant instructions related to the initial lock-in requirements of holding a minimum 40 per cent of the paid-up voting equity share capital of the bank for the first five years but said no cap on the promoters holding during the same period.

  • Friday, 26 November 2021
Cryptocurrency
Govt lists bill seeking to ban all pvt cryptocurrencies, allow official digital currency of RBI

Centre on Tuesday listed a new bill for the upcoming Winter Session of Parliament which will seek to ban all private cryptocurrencies in the country, while allowing an official digital currency to be issued by the RBI.

  • Tuesday, 23 November 2021
Shaktikanta Das
Consumption Demand Making Strong Comeback: RBI Guv

India has potential to grow at a reasonably high pace in the post-pandemic scenario, said Reserve Bank of India Governor Shaktikanta Das.

  • Wednesday, 17 November 2021
PM Chairs High-Level Meeting On Cryptocurrency, Related Issues
PM Chairs High-Level Meeting On Cryptocurrency, Related Issues

The high-level meeting comes after RBI Governor Shaktikanta Das sounded an alarm on cryptocurrencies, cautioning investors on the potential pitfalls of the digital currency.

  • Saturday, 13 November 2021
RBI Asks Banks Not To Standardise Bad Loans On Just Getting Interest Payments
RBI Asks Banks Not To Standardise Bad Loans On Just Getting Interest Payments

Lenders have also been asked to specifically mention in the loan agreements the exact due date of a loan and the breakup of the principal and interest, among others, instead of giving a description of the due dates, which leaves scope for interpretation.

  • Friday, 12 November 2021
PM Modi
PM Modi Launches Scheme For Retail Participation In Govt Securities

With the launch of the scheme, he said, "One Nation-One Ombudsman" has become a reality.

  • Friday, 12 November 2021
PM To Launch 2 Innovative Customer Centric Initiatives Of RBI On Friday
PM To Launch 2 Innovative Customer Centric Initiatives Of RBI On Friday

The Reserve Bank-Integrated Ombudsman Scheme aims to further improve the grievance redress mechanism for resolving customer complaints against entities regulated by RBI. The central theme of the scheme is based on 'One Nation-One Ombudsman' with one portal, one email and one address for the customers to lodge their complaints.

  • Thursday, 11 November 2021
Restructuring 2.0 Window
As Restructuring 2.0 Window Closes, Less Than 1% Of Eligible Companies Opt

The continuation of strong government support "such as the expansion of the scope of the Emergency Credit Line Guarantee Scheme (ECLGS) and its extension till March 31, 2022" has helped companies manage temporary liquidity disruptions.

  • Sunday, 31 October 2021
RBI Governor Shaktikanta Das
Shaktikanta Das Given 3-Year Extension As RBI Governor

The decision was taken by the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi.

  • Friday, 29 October 2021
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