MUMBAI, Aug 10 – The Reserve Bank of India on Wednesday issued detailed guidelines that will increase scrutiny and supervision over digital lending apps and lenders who engage with them, after several complaints of malpractice against such apps. Only regulated entities such as banks and shadow banks will […]
open view news desk The 15th Finance Commission headed by Chairman, Shri N.K. Singh today held a detailed meeting with the Governor and Deputy Governors of RBI in Mumbai today. Key issues raised by RBI Governor, Shri Shaktikanta Das and Finance Commission Chairman, Shri N.K. Singh were discussed […]
New Delhi ; The Reserve Bank of India (RBI) may cut key lending rates by another 25 basis points on Thursday to boost economic activities amid fears of global slowdown impacting domestic growth prospects, experts said. The RBI had reduced the repo rate by 25 basis points in February […]
MUMBAI – Eleven state-owned banks will have to wait for about a month before knowing which of them will have lending curbs eased after a Reserve Bank of India (RBI) panel reviews their December quarter results, an official with direct knowledge of the matter told Reuters on Thursday. […]
open view web desk The Reserve Bank of India (RBI) regulates and supervises Public Sector And Private Sector Banks. Under the provisions of the Banking Regulation Act, 1949, it can, inter alia― inspect the bank and its books and accounts (section 35(1) ibid.); examine on oath any director or other […]
Mumbai, Jan 8: The Reserve Bank of India Tuesday constituted a high-level committee under Aadhaar architect Nandan Nilekani to suggest measures to strengthen the safety and security of digital payments in the country. The five-member panel on deepening of digital payments has been constituted with a view to encourage […]
MUMBAI – Former Reserve Bank of India Governor Raghuram Rajan defended the central bank’s call for greater autonomy from the government, saying ultimately the nation stands to benefit from an independent and robust RBI. In an interview on CNBC-TV 18 telecast on Tuesday Rajan said current rift between […]
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