Tag: RBI

Has India realised full potential of its paper currency?

Government paper currency was introduced in India in 1861. Some 160 years later, digital payments are gaining currency, and a central bank digital currency is...

‘Banks taking conservative approach to crypto is hurting industry’

NEW DELHI : A think-tank for startups, IndiaTech.org, has come out with a five-point policy recommendation for regulating cryptocurrencies in India, including defining cryptocurrencies as...

Will your credit score differ from one credit bureau to another?

Credit scores have gained importance in the last couple of years, and lenders have now started offering lower rates to borrowers with higher scores. It...

RBI refrains banks from acting against KYC non-compliant accounts till December

NEW DELHI : Taking cognizance of the problems bank customers were facing, the Reserve Bank of India (RBI) has “advised” financial institutions to not take...

Pandemic has household savings jumping to 22.5% of GDP: Report

As people were forced to remain indoors for most of the year due to the lockdowns, there was an unlikely winner in the pandemic-ravaged year...

10 things borrowers should know about co-lending model between banks and NBFCs

Recently, Indiabulls Housing Finance Ltd entered into a strategic co-lending partnership with HDFC Ltd to offer housing loans to homebuyers at competitive rates. According to...

Restructuring personal loans, credit card dues will be tough

The second covid wave is likely to impact livelihoods like the first one. Many states have declared lockdowns and more could do the same as...

RBI’s bond buys helped India during pandemic, Kerala’s public health service has ‘excellent reputation’: UNESCAP

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) on Tuesday attributed India’s wider fiscal deficit to both discretionary measures and...

Airtel Payments Bank hikes day-end balance by up to ₹2 lakh. 5 things to know for opening an account

Airtel Payments Bank has increased the day-end balance by up to ₹2 lakh, in line with the Reserve Bank of India’s (RBI) guidelines. This means...

Second COVID wave could spark greater uncertainty; govt will respond with fiscal steps if required: Niti Aayog Vice Chairman

The country needs to prepare for “greater uncertainty” in terms of consumer as well as investor sentiments due to the second wave of coronavirus infections,...

Know how to choose between NEFT, RTGS, IMPS

NEW DELHI: Over time the way people can transfer money online has been changing. There are various ways in which one can transfer money online...

Inflation: India’s retail inflation likely rose in March but stayed within target

India’s retail inflation edged up to a four-month high in March, led by an increase in food and fuel prices, but remained within the Reserve...

RBI inflation forecasting: RBI amends India’s criticized inflation-forecasting model

By Anirban Nag India’s central bank said it has revised its inflation-forecasting model to better capture how fiscal and monetary policy interact with real-economy elements....

Will an increase in deposit help payments banks and you?

Payments banks can now also offer other banking services like debit cards and mobile banking. This will help them approach small merchants who have a...

rupee outlook: Rupee may lose further ground as RBI’s bond-buying plans dent sentiment: Analysts

MUMBAI: After logging its biggest single-day fall in nearly two years on Wednesday, the Indian rupee is expected to depreciate further as Reserve Bank’s plan...

Second wave: UBS sees only minimal 20-30 bps hit on growth

Despite a massive spike in the pandemic caseload, Swiss brokerage UBS sees no repeat of a nationwide/statewide lockdown and expects only a minimal economic impact...

Is now a good time to purchase a house?

Many factors are at play in the housing market. Interest rates appear to have reached a turning point with State Bank of India raising its...

Smart treasury operations could help RBI transfer higher surplus to the government

Even as the Reserve Bank earned less on the record reserve pile up and also stares at lower interest income as banks parked surplus liquidity...

View: A different question that needs to be looked at when talking about MPC and inflation targeting

The suspense is over. Hours before the deadline for the expiry of the monetary policy framework agreement at the midnight of March 31, GoI announced...

Difference between repo rates, MCLR, base rate and prime lending rate

Borrowers had long complained that lenders were quick to increase interest rates on home loans when the Reserve Bank of India (RBI) increased policy rates....

3 important things to know about RTGS fund transfer facility

RTGS or Real-Time Gross Settlement is a money transfer facility where there is a continuous and real-time settlement of fund-transfers, individually on a transaction-by-transaction basis...

Aditya Birla Sun Life Mutual Fund asks for rollover of 6 FMPs

Aditya Birla Sun Life Mutual Fund has asked for rollover (extension) of six fixed maturity plans (FMPs), the fund house said in a notice today....

No AMC has over 10% exposure to debt funds, says Crisil

MUMBAI : Describing the Sebi move to cap the exposure of mutual funds to tier 1 & 2 bonds to 10% to mitigate the risks...

5 things to know about SBI’s and Axis Bank’s contactless payment devices

On Friday, Axis Bank launched a range of devices that allows its customers to make contactless payments. Last year, the State Bank of India (SBI)...

Mahindra & Mahindra: Mahindra receives clearance from RBI to reduce stake in SsangYong Motor

& Mahindra is understood to have received clearance from the Reserve Bank of India to reduce its ownership in Korean automaker SsangYong Motor, putting the...