Clipped from: https://taxguru.in/rbi/rbi-clarifies-mode-receipt-complaints-rbi-integrated-ombudsman-scheme-2021.html?utm_source=feedburner&utm_medium=email Reserve Bank of India Reserve Bank clarifies on the mode of receipt of complaints under Reserve Bank – Integrated Ombudsman Scheme 2021(RB-IOS) Instances
Category: RBI–Banks
RBI’s $5.135-b dollar swap auction seen buoying rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/rbis-5135-b-dollar-swap-auction-seen-buoying-rupee/article65205979.ece Move expected to cool volatility inthe forex market; suck out liquidity In a move that could cool volatility in the rupee-dollar exchange rate,
Myths and reality of microfinance | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/myths-and-reality-of-microfinance-122030600906_1.html The size of loans and tenure of repayment can be increased. MFIs should also be allowed to give secured micro loans, depending on
RBI must start focusing on inflation control – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/rbi-must-start-focusing-on-inflation-control/article65199566.ece With the Ukraine war adding to inflationary pressures, RBI’s accommodative stance may no longer be tenable The monetary policy committee in February 2022
Myths and reality of microfinance | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/myths-and-reality-of-microfinance-122030600906_1.html The size of loans and tenure of repayment can be increased. MFIs should also be allowed to give secured micro loans, depending on
Banks told to tighten monitoring, have ironclad KYC to avoid new ‘Jamtara’ | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-told-to-tighten-monitoring-have-ironclad-kyc-to-avoid-new-jamtara-122021601581_1.html?code=NTM4OTU9MTIyMDIxNjAxNTgx Banking sources indicate there have been brazen violations of Section 17 of the RBI’s Master Direction on KYC norms That explains the need
RBI’s dollar–rupee swap auction and its rationale – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/rbis-dollarrupee-swap-auction-and-its-rationale/article65191711.ece American Dollar sign sitting in front of bar graph. Selective focus. Horizontal composition with copy space. Stock market and finance concept. American Dollar
Ready for more rate hikes, says US Federal Reserve’s Jerome Powell | Business Standard News
Clipped from: https://www.business-standard.com/article/international/ready-for-more-rate-hikes-says-us-federal-reserve-s-jerome-powell-122030500093_1.html Russia’s attack has whiplashed financial markets and sent energy and commodity prices surging, with West Texas Intermediate crude hovering around $110 a barrel.
MPC hasn’t compromised on price stability: RBI governor Shaktikanta Das | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/haven-t-compromised-on-primary-mandate-of-price-stability-shaktikanta-das-122030400637_1.html RBI governor says accommodative stance based on our domestic growth-inflation dynamics RBI Governor Shaktikanta Das | Photo: Bloomberg The Monetary Policy Committee (MPC) has not
Co-lending to MSEs to get a boost with introduction of guarantee cover – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/co-lending-to-mses-to-get-a-boost-with-introduction-of-guarantee-cover/article65182981.ece Under CGSCL, CGTMSE will provide guarantee cover to credit facilities extended by a pair of Member Lending Institutions to a single eligible borrower
Now MSME customers of this bank can manage expenses with credit card, get accidental insurance cover, more – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-now-msme-customers-of-this-bank-can-manage-expenses-with-credit-card-get-accidental-insurance-cover-more/2445822/ Credit and Finance for MSMEs: “With the newly launched credit card facility coupled with the regular working capital limits, MSMEs can reap the benefits of
ABG Shipyard’s debt conversion in bankruptcy case adhered to rules: Banks | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/abg-shipyard-s-debt-conversion-in-bankruptcy-case-adhered-to-rules-banks-122022800021_1.html The CBI, which examined top executives of ICICI Bank last week, is expected to call officials of some public sector banks in the
To avoid stagflation, RBI needs to start hiking rates: Aurodeep Nandi, Nomura – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/rbi-likely-to-hike-rates-by-100-bps-this-year-aurodeep-nandi-nomura/articleshow/89846416.cms SECTIONS To avoid stagflation, RBI needs to start hiking rates: Aurodeep Nandi, Nomura Last Updated: Feb 26, 2022, 01:33 PM IST Synopsis “We
Not raising reverse repo rate could make the benchmark ‘irrelevant’: Prof JR Varma – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/not-raising-reverse-repo-rate-could-make-the-benchmark-irrelevant-prof-jr-varma/articleshow/89835307.cms Synopsis If the central bank is embarking on the path of rate tightening and liquidity normalization, it should ‘say it openly’ instead of
We shouldn’t restrict our ability to respond: External member of RBI’s MPC | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/we-shouldn-t-restrict-our-ability-to-respond-external-member-of-rbi-s-mpc-122022600017_1.html The Ukraine situation is a shock both to growth and to inflation, and it is too early to say which of these two
Unity SFB not affected by BharatPe tussle: Centrum Capital’s Jaspal Bindra | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/bharatpe-saga-centrum-s-partnership-with-funds-like-sequoia-not-grovers-122022400678_1.html Jaspal Bindra says Centrum’s partnership is with funds like Sequoia, not Grovers Jaspal Bindra, Chairman, Centrum Capital The heating up of the tussle
Inflation trajectory over FY23 offers room for accommodative stance: RBI – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/todays-paper/inflation-trajectory-over-fy23-offers-room-for-accommodative-stance-rbi/article65082176.ece FILE PHOTO: The logo of Reserve Bank of India (RBI) is seen inside its headquarters in Mumbai, India, February 7, 2019. REUTERS/Francis Mascarenhas/File
Inflation may have peaked in January: RBI deputy governor Michael Patra | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/inflation-may-have-peaked-in-january-rbi-deputy-governor-michael-patra-122022400071_1.html The six-member monetary policy committee of the RBI – that sets interest rate – has a target to maintain CPI inflation at 4
Foreign exchange hedging cost rises after RBI dollar-rupee swap plan | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/foreign-exchange-hedging-cost-rises-after-rbi-dollar-rupee-swap-plan-122022400068_1.html One-year dollar-rupee forward premia closes at 4.19% Analysts said the sell-buy dollar rupee swap — the auction would be conducted on March 8
Dealing with unclaimed bank deposits – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/dealing-with-unclaimed-bank-deposits/article65078761.ece There is a huge sum of money lying unclaimed with banks. Here are some ways of helping people reclaim it Unclaimed deposits are
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