Reserve Bank of India

RBI deputy governor calls for enhanced financing access for Indian farmers

Shri Swaminathan Janakiraman suggested five solutions to address financing issues.

RBI deputy governor calls for enhanced financing access for Indian farmers

Shri Swaminathan Janakiraman suggested five solutions to address financing issues.

Indian banks deposits and credit grow at the same pace

Deposits have expanded by $147.73b between January-August 2024.

India warns against fraudsters’ posing as central bank employees

They would use fake letterheads or threaten to close bank accounts.

India names first self-regulatory organisation for fintechs

There are two more applications pending, according to the central bank.

Regulators' push to curb tech outages may boost bank expenses by 20%

Banks in South and Southeast Asia must enhance tech systems or face firmer penalties.

India mandates banks to issue fraud notices: report

The time allotted to respond should not be less than 21 days.

India rolls out online platforms and repositories for enhanced regulation

PRAVAAH makes it easier to apply for a license and obtain regulatory approval.

India’s central bank names new executive director

Shri R. Lakshmi Kanth Rao was previously a head at the department of regulation.

India changes criteria for small banks seeking to be universal banks

Net worth lowered, but must be profitable in the past two years.

India floats regulations for non-bank POS payment aggregators

They are required to apply authorisation from the RBI by May 2025.

India rejects 2 applicants for a small finance bank licence

Two other applications remain under examination.

India’s private banks’ NIMs contract 32  basis points in Oct-Dec 2023

Growth in unsecured loans is expected to slow, which will impact credit growth and NIMs.

India assures banks it’s ready to manage outflow of Russian funds: report

Russian companies have accumulated billions of rupees in local banks.

India tightens rules for digital lending

Lenders may no longer increase credit limits without the consent of the borrower.

Singapore, India to link PayNow, UPI payment systems by mid-2022

Fund transfers from India to Singapore will only need mobile phone numbers.

India mulls phased roll out of central bank digital currencies: report

Its launch will require legal changes to the nation’s foreign exchange and IT rules.