Tag: RBI

View: Stop credit card tricks

The advent of digital payments held the prospect of limitless convenience and incomparable value. In less than a decade, under the aegis and encouragement of...

Cryptocurrency in India: Facing existential threat, crypto backers seek identity change and regulation

MUMBAI: The government’s plan to ban private cryptocurrencies has thrown crypto backers in India into a fight for their survival and their major tool in...

How to verify your lending partner when taking a loan via mobile app

When the need for an immediate loan arises, the urgency of the situation may not permit a thorough authentication of the lender. However, this can...

Bond rates: Why is RBI having a tough ride in keeping bond yields in check

Post the Union Budget on February 1, 2021, RBI is under pressure to keep the bond traders calm. Though a higher fiscal deficit was expected,...

You spend on infra and you create a capital asset, jobs, demand: Nirmala Sitharaman

Your budget has been described as one of the great recent budgets. Were you expecting such a reaction? Our priority was only to make sure...

bank privatisation: Govt to work with RBI for execution of bank privatisation plan: Sitharaman

Mumbai: Finance Minister Nirmala Sitharaman on Sunday said the government will work with the Reserve Bank for execution of the bank privatisation plan announced in...

market outlook: After solid Budget rally, wait for some adverse action to deploy fresh money

It was a historic week for the Indian market, with the equity indices recording the biggest-ever ‘Budget Day’ gain in absolute terms and the best-ever...

All remaining 18,000 bank branches to be under CTS by Sep: RBI

MUMBAI: As part of further improving, speeding up and fool-proofing the payments and settlement systems, the Reserve Bank on Friday said all the 18,000-odd branches...

Digital payment helpline: Set up 24×7 helpline for digital payments by Sept, RBI tells operators

In another move to strengthen the digital payment services, the RBI Governor Shaktikanta Das has announced the setting up of a 24X7 helpline for digital...

retail investment: Retail investors will be able to buy-sell government securities directly via RBI

Governor Shakitkanta Das in the latest bi-monthly monetary policy announcement of the RBI has said that retail investors will soon be able to buy and...

hdfc bank: RBI appoints external firm to audit HDFC Bank’s IT infra in view of service outages

New Delhi: on Tuesday said the Reserve Bank of India (RBI) has appointed an external IT firm for carrying out a special audit of its...

How affected was WhatsApp by Pegasus in India, asks SC | India News

NEW DELHI: The Supreme Court on Monday asked the Centre and WhatsApp, the latest entrant into app-based payment services, to respond to petitions questioning the...

January factory activity hits 3-month high, job cuts subside

India’s manufacturing sector activity strengthened in January as companies scaled up production at the quickest pace in three months in response to faster expansions in...

Have no responsibility to audit members of UPI ecosystem: RBI tells Supreme Court

NEW DELHI: RBI has told the Supreme Court that it has no responsibility to conduct an audit of members of United Payments Interface (UPI) ecosystem...

budget 2021: View: India must spend, but cannot ignore taper tantrum

By Andy Mukherjee India’s federal budget Monday will be a much tougher balancing act than New Delhi’s regular annual fiscal trapeze. For one thing, the...

RBI exploring need for crypto currency as digital payments rise

MUMBAI: The Reserve Bank of India (RBI) is exploring whether there is a need for a digital version of fiat or crypto currency and in...

Buzz: Biblio bonhomie for Capital’s biz tycoons

ET’s weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours.In His Defence Not long ago, a gentleman of repute made...

View: The RBI needs to cut the Gordian knot that threatens financial stability in India

At the heart of Reserve Bank of India’s (RBI) discussion paper, ‘ Revised Regulatory Framework for NBFCs’, released last Friday, is its concern that the...

CBI: Judiciary, agencies like CBI, ED should act independently: High Court

Mumbai: The Bombay High Court on Thursday said the judiciary and agencies like the RBI, CBI and ED should act independently, and asked “what heavens...

India within striking distance of attaining positive growth: RBI January bulletin

MUMBAI: India’s GDP is within the striking distance of attaining positive growth, the Reserve Bank said observing that the letter “V” in the V-shaped recovery...

Finmin looks at BIC model after RBI raises concern over zero coupon bonds for PSBs recap

NEW DELHI: With the RBI raising concern over the issuance of zero coupon bonds for recapitalisation of public sector banks (PSBs), the Finance Ministry is...

lending apps: Debt trap: Inside the world of shady digital lending apps, which promise a loan in a minute

Last August, Anitha (name changed to protect identity) needed some money urgently. The lockdown was a challenging period for the Hyderabad-based media professional, especially on...

RBI: RBI ready to examine if there is govt proposal for bad bank, says Governor Das

MUMBAI: The Reserve Bank of India is open to examining and providing its view if the government were to bring a proposal for setting up...

Banks parked Rs 2 trillion excess cash amid RBI signalling

MUMBAI: The Reserve Bank of India (RBI) Friday signalled its intent to haul slumping overnight rates closer to the relevant benchmark when it accepted Rs....

Indian Banks to be resilient even if there is a 15% run on deposits: RBI report

MUMBAI: Even as the RBI has warned that easy financial conditions created to tackle the economic impact of the pandemic could pose a threat to...