Saturday, October 23, 2021
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Reserve Bank of India

RBI issues guidelines for appointment of statutory auditors of banks, NBFCs

However, non-deposit taking NBFCs with asset size below Rs 1,000 crore have the option to continue with their extant procedure.

Editorial: India’s recovery derails

Rising unemployment and plunging demand have once again turned the spotlight on the gloomy urban economy

Atanu Chakraborty appointed as part-time chairman of HDFC

Chakraborty, a 1985 batch IAS officer of Gujarat cadre, retired as Secretary of Department of Economic Affairs in April 2020

India’s forex reserves jump $1.19 billion

In the week ended April 16, 2021, the increase in reserves was mainly due to a rise in foreign currency assets (FCAs), a major component of the overall reserves

Airtel Payments Bank increases day-end balance limit to Rs 2 lakh

The RBI's decision to increase the balance limit is an endorsement of the role Payments Banks have in furthering financial and digital inclusion in India.

Forex reserves surge by $4.34 bn

In the previous week ended April 2, the reserves had dipped by $2.42 billion to $576.28 billion

Empowered NBFCs, differentiated banks

Banks need to respond to the ferocity of impending competitive headwinds from NBFCs, including fintech companies

Regulating inflation pathway

Keeping inflation at the epicentre of monetary policy is an assurance that it will not be allowed to go awry

RBI targets 5.2 per cent retail inflation for first half of FY22

Reserve Bank of India (RBI) has kept the key repo rate unchanged at 4 per cent to support growth in the current situation.

Rupee slumps 24 paise to 73.66 against US dollar in early trade

Reserve Bank of India on Wednesday expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat.

RBI keeps interests rates unchanged

The central bank kept the benchmark repurchase rate unchanged at 4 per cent and maintained accommodative policy stance to support growth.

RBI extends deadline for processing auto-debit payments by 6 months

RBI had directed all banks including RRBs, NBFCs, and payment gateways to comply with AFA for automatic recurring payment by March 31, 2021.

NBFC-MFIs to charge 7.81% average base rate in April-June

The average base rate charged during the current quarter is 7.96 per cent.

The flawed disinvestment push

Instead of selling off public sector assets, government should choose expansionary fiscal policy partially financed by monetisation for reviving demand

Reserve Bank of India flags major concerns over cryptocurrency

Both RBI and government are committed to financial stability. We have flagged certain concerns around cryptocurrencies which are being traded in the market. We have flagged certain major concerns to the government

Sreeja is India’s No.1 woman TT player

Sreeja recently won a bronze in the senior Nationals where she lost in the semifinals. She has consistently been performing well in the last few tournaments.

Banking on privatisation

The very purpose of nationalisation in India — serving the unbanked and under-banked — is yet to be achieved and financial inclusion cannot afford the luxury of complete privatisation

FinMin seeks applications for Irdai Whole Time Member post

The applicant should not be below the rank of a Chief General Manager of the Reserve Bank of India or equivalent thereto in other financial institutions or regulatory bodies, it said.

Ind-Ra upgrades FY21 credit growth estimates to 6.9%

Amid the pandemic, the credit offtake in banking system remained muted, which led to lesser issuances of certificates of deposits (CDs).

Gold Bond Scheme20-21 to be issued at Rs 4,662/gm

The issue price of the Bond during the subscription period shall be Rs 4,662 per gram.

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