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RBI extends application deadline umbrella entity for retail payments

MUMBAI, Feb. 26 -- The Reserve Bank of India (RBI) on Friday extended the deadline for submitting applications for setting up a pan-India umbrella entity for retail payments to 31 March. The earlier d... Read More


Lenders looking to tie up to build and share digital banking infra

MUMBAI, Feb. 26 -- Public sector banks (PSBs) are exploring the idea of setting up a company to build and share digital infrastructure in response to the rapid digital adoption in the banking sector b... Read More


Banks eye easier farm loan norms

MUMBAI, Feb. 26 -- Banks plan to approach the Reserve Bank of India (RBI) to seek flexibility on how they account for soured loans given to farmers under the Kisan Credit Card (KCC) scheme amid rising... Read More


RBI has major concerns about crypto, says Das

New Delhi, Feb. 25 -- The Reserve Bank of India (RBI) has concerns about the impact of cryptocurrencies on financial stability and has conveyed them to the central government, governor Shaktikanta Das... Read More


Proposed ARC will not affect existing players: Das

Mumbai, Feb. 25 -- The asset reconstruction company (ARC) proposed in Budget 2021 will not jeopardize the activities of existing players, Reserve Bank of India (RBI) governor Shaktikanta Das said on T... Read More


Private banks can vie for govt biz

New Delhi, Feb. 25 -- Private banks can now compete with their public sector counterparts for government business such as transactions related to taxes, revenue payments, pensions and small savings sc... Read More


Lenders to tie up for digital banking infra

Mumbai, Feb. 22 -- Public sector banks (PSBs) are exploring the idea of setting up a company to build and share digital infrastructure in response to the rapid digital adoption in the banking sector b... Read More


MPC minutes: Growth momentum needs to strengthen further, says RBI guv

Mumbai, Feb. 22 -- The country's economic growth momentum needs to strengthen further for sustained recovery, said Reserve Bank of India Governor Shaktikanta Das during the monetary policy committee m... Read More


Piramal gets RBI nod for DHFL deal

Mumbai, Feb. 19 -- Billionaire Ajay Piramal moved a step closer to acquiring bankrupt mortgage financier Dewan Housing Finance Corp. Ltd (DHFL) with the Reserve Bank of India (RBI) clearing its insolv... Read More


10-year bond yields surge as G-sec auction devolves again

Mumbai, Feb. 18 -- The yield on the 10 year benchmark bond inched higher on Thursday as the Reserve bank of India for the second time declined to pay the high yields demanded by the market in the sove... Read More