The RBI says it has been sensitising companies through various channels on the need to use their regulatory freedom responsibly and ensure fair, reasonable and transparent pricing. This action is based on material supervisory concerns observed in the Pricing Policy of these companies and the interest spread charged over their cost of funds, which are … Read more
RBI had imposed the restrictions on IIFL Finance on March 4, 2024. The RBI’s decision is effective immediately and allows IIFL Finance to resume the sanctioning, disbursal, assignment, securitisation, and sale of gold loans in compliance with all relevant laws and regulations, says the company. IIFL Finance on Thursday said the Reserve Bank of India … Read more
“As the debt manager of the government, we are watchful of what exactly is happening. If something needs to be done, we will interact with the government and deal with it,” the RBI governor said. | Photo Credit: PTI Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday (August 10, 2024) said trading of … Read more
The Reserve Bank of India (RBI) on Monday said that emerging technology has led to proliferation of fraudulent apps and mis-selling. Fintech firms still face significant challenges in counterparty credit risk assessment despite significant footprint expansion, the central bank said in its report on currency and finance.“Digitalisation presents challenges related to cybersecurity, data privacy, data … Read more
Bengaluru: The Karnataka High Court on Tuesday ordered the issue of notice to the state government and other respondents on a petition filed by Union Bank of India seeking a direction to the government to transfer to CBI the probe being carried out against it by the state-constituted SIT in connection with the alleged financial … Read more
Prime Minister Narendra Modi said skill development and employment are needed in the country and his government is working in this direction. (File Photo/YouTube) Quoting a recent report by the Reserve Bank of India on the employment figure, the Prime Minister asserted the National Democratic Alliance (NDA) government continues to prioritise stability and growth Prime … Read more
Sales of commercial vehicles – a barometer of economic activity – surpassed expectations last quarter driven by strong replacement demand and continued government spending on infrastructure. As per industry estimates, more than 234,000 trucks and buses were sold in the local market in the three months ended June, a 4.5% rise from 224,000 vehicles sold … Read more
The RBI on May 19, 2023, announced the withdrawal of Rs 2,000 denomination banknotes from circulation. RBI says the Rs 2,000 banknotes in circulation, which amounted to Rs 3.56 lakh crore as at the close of business on May 19, 2023, has now declined to Rs 7,581 crore The Reserve Bank of India (RBI) on … Read more
The directions will have immediate effect, says the RBI. The RBI has taken the action against ECL Finance Ltd and Edelweiss Asset Reconstruction Company Limited under the SARFAESI and the Reserve Bank of India Act, 1934 The Reserve Bank of India (RBI) on Wednesday imposed business restrictions on ECL Finance Ltd and Edelweiss Asset Reconstruction … Read more
Last Updated: May 10, 2024, 21:12 IST Rao has the experience of over three decades in the Reserve Bank of India. As ED, Rao will look after the Deposit Insurance and Credit Guarantee Corporation, the Right to Information Act (FAA), and the Department of Communication The Reserve Bank of India (RBI) on Friday appointed R … Read more
