Reserve Bank of India
India’s central bank names new executive director
India’s central bank names new executive director
Shri Indranil Bhattacharya will look after the Dep’t of Economic and Policy Research.
India and Mauritius ink MOU for local currency use in cross-border transactions
It covers all current account transactions.
Japan, India renew bilateral swap agreement
The size of the BSA remains unchanged at $75b.
India’s restored risk weights offer modest impact to banks
The move will enhance flow of credit from banks to better-rated NBFCs.
RBI proposes extra authentication for first-time online card use
Card issuers are mandated to validate the additional factor authentication.
India’s postponed LCR rules a win for banks’ margins, loan growth
The rules require banks to shore up more liquidity on retail deposits.
Overall loan demand in India to “moderate” in Jan-Mar 2025: survey
Terms and conditions for the mining sector are expected to become stricter.
RBI supersedes board of Aviom India Housing Finance
Punjab National Bank’s ex-CGM Shri Ram Kumar appointed as administrator.
India allows foreigners living overseas to open rupee accounts
This is provided they use the accounts for transactions with a resident of India.
RBI names 15 NBFCs to upper layer
They are subject to enhanced regulatory requirements for a 5-year period.
India names new advisory committee members for bank applications
RBI former deputy governor Shri M. K. Jain will serve as chairperson.
Reserve Bank of India lifts restrictions on Asirvad Micro Finance, DMI Finance
It issued a cease and desist order from loan sanctioning in October 2024.
Reserve Bank of India raises offline payment limits
The cap for transactions increased to $11.81 from $5.90.
India’s Navi Finserv now allowed to sanction, disburse loans
The central bank said that it is satisfied with Navi Finserv’s revamped processes and systems.
Indian banks told to bring down number of inoperative, frozen accounts
Many of these result from banks’ backlog in their period verification of bank accounts.
Three Indian banks penalized for lending violations
Two banks sanctioned loans to its directors, the RBI stated in separate notices.
India, Maldives ink deal to promote local currencies for cross-border trade
Both countries aim to reduce costs and expedite settlement times for transactions.
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