RBI plan to curb NBFC revolving credit rattles markets

Mumbai, Aug. 8 -- A Reserve Bank of India (RBI) proposal to bar non-bank financiers from issuing revolving credit products has investors running for cover, with shares of Bajaj Finance Ltd tanking nea... Read More

RBI proposal to curb NBFC revolving credit rattles markets

Mumbai, Aug. 8 -- A Reserve Bank of India (RBI) proposal to bar non-bank financiers from issuing revolving credit products has investors running for cover, with shares of Bajaj Finance Ltd tanking nea... Read More

RBI sweetens NRI deposit nudge for banks

Mumbai, Aug. 7 -- In a fresh incentive for banks to attract foreign currency deposits from overseas Indians, the Reserve Bank of India (RBI) on Friday exempted rupee loans against fresh and renewed fo... Read More

RBI proposal to curb NBFC revolving credit rattles markets

Mumbai, Aug. 7 -- A Reserve Bank of India (RBI) proposal to bar non-bank financiers from issuing revolving credit products has investors running for cover, with shares of Bajaj Finance Ltd tanking ove... Read More

RBI defers loan recovery norms till Jan as lenders seek more time

New Delhi, Aug. 6 -- The Reserve Bank of India (RBI) has agreed to the industry's request to defer the implementation of its guidelines on the conduct of regulated entities in loan recovery and engage... Read More

Luxury cars, watches and fake bank accounts: Inside the Rs.107-crore Panchkula fraud

New Delhi, Aug. 6 -- A former Kotak Mahindra Bank executive allegedly diverted more than Rs.107 crore belonging to the Municipal Corporation of Panchkula into unauthorized bank accounts before using t... Read More

RBI keeps repo rate unchanged at 5.25%

Mumbai, Aug. 5 -- The Reserve Bank of India's (RBI) rate-setting panel on Wednesday decided to keep the key policy rate unchanged at 5.25% for the fourth straight meeting. Sticking to its 'neutral' p... Read More

RBI governor says IT systems of large banks strong, days after breach at BoB

New Delhi, Aug. 5 -- The information technology (IT) systems of large Indian banks and other regulated entities are quite strong and robust, Reserve Bank of India (RBI) governor Sanjay Malhotra said o... Read More

HSBC, SBI and ICICI Bank get half of India's FCNR flows under incentive window

Mumbai, Aug. 3 -- HSBC, State Bank of India (SBI) and ICICI Bank garnered half of all inflows under the Reserve Bank of India's (RBI) deposit incentive scheme to attract dollars and strengthen the rup... Read More

Banks receive $36.7 billion under FCNR deposits

Mumbai, Aug. 1 -- Non-resident Indians (NRIs) have poured $36.7 billion into Indian banks through foreign currency non-resident (FCNR) deposits under a new deposit incentive scheme to attract dollars ... Read More

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