Page 47 - Rbi

RBI issues digital lending norms, reserves space for regulated entities

Only entities regulated by RBI or other bodies permitted by law can carry out digital lending, says RBI

Bank of Baroda to increase MCLR rates by up to 0.2% from August 12

The interest rate hike comes after the Reserve Bank of India's (RBI's) six-member monetary policy committee (MPC) raised the benchmark repo rate by another 50 bps to 5.40 per cent last week

RBI cancels Rupee Co-operative's licence; lender to cease business Sep 22

More than 99% of depositors of Pune-based lender to receive the full amount, says regulator

RBI tightens digital lending norms to prevent charging of exorbitant rates

Companies cannot increase users' credit limits without their explicit consent, says RBI

Top headlines: Hindalco Q1 net jumps 48%; RBI's digital lending guidelines

The Reserve Bank of India (RBI) on Wednesday released its guidelines for digital lending, listing companies allowed in the business, the rules for loans and data collection, and how fee is charged

Will bumper GST collections weaken states' case for compensation?

The GST compensation remains a bone of contention between the Centre and states. So, as the GST collections continue to soar, will it hit the states' case which has been demanding its extension?

Mswipe Technologies gets RBI approval for payment aggregator's licence

Joins companies allowed to manage and process merchants' online transactions

Centre asks IBA to ready EASE-like plan for regional rural banks

The banks' lobby group has been asked to assist with the preparation of the viability plan for RRBs

RBI prescribes norms for small finance banks looking to deal in forex

Criteria for entering the forex business include profit in the preceding two years and net NPAs not being more than 6% in the previous four quarters

HDFC hikes retail prime lending rate on housing loans by 25 bps from Aug 9

The mortgage lender has raised rates by 140 bps since May, passing on the entire repo hike to borrowers

RBI took steps to promote rupee as preferred currency for global trade: FM

RBI asked banks to put in place additional arrangements for export and import transactions in Indian rupees in view of increasing interest of the global trading community in the domestic currency.

Latest RBI survey shows household inflation expectations eased 80 bps

Households' 3-month, one-year inflation expectations fell 50 bps, 60 bps

Best of BS Opinion: Normalising policy, 'Moonlighting' officially, and more

Here are the top BS Opinion articles of the day

How RBI repo rate hike may impact you

The Reserve Bank of India's Monetary Policy Committee has hiked the repo rate by 50 basis point -- taking it above the pre-pandemic level. So how will it impact home loan borrowers, and investors?

Monetary policy: SPDs can offer all foreign exchange trade facilities

Decision comes after requests from foreign players; scope of existing licence was restrictive, say primary dealers

After rate hike, ask your lender to increase home loan EMI, not tenure

A 50-bps hike on a Rs 50 lakh loan of 20-year tenure would increase the EMI by Rs 1,545

RBI: Better to be cautious than concerned

To us, the important emphasis was on external stability, which the RBI has clearly placed a lot of importance on

HDFC Ltd secures $1.1 bn syndicated social loan for affordable housing

This transaction is the largest social loan globally, the first social external commercial borrowing (ECB) loan out of India and the largest ECB loan deal from a HFC or private NBFC in India

Unity Small Finance Bank appoints Inderjit Camotra as MD and CEO

Unity Small Finance Bank is a new age, digital first bank which was recently elevated to a 'Scheduled Bank' and was included in the Second Schedule of the RBI Act.

Developments in Taiwan will not impact India, says RBI Governor Das

The Governor said Taiwan accounts for only 0.7 per cent of India's overall trade and the capital flows from the island are also not very high.