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RBI STRICTURES
Lenders losing sleep over RBI’s new stricturesThe central bank is expected to introduce these rules later this year and bankers are worried they will hurt profitability in the medium te...
Worries build up over RBI strictures on infra financingThe proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks but could potentially hurt ...
Alice's adventures in remittancelandThe annual limit on the Liberalised Remittance Scheme (LRS), a window that allows a person to invest in offshore markets, was slashed to $7...
RBI steps to boost rupee may create more alarm in market: Mythili Bhusnurmath“RBI's move seems to be a bit of a knee jerk reaction and might cause more panic in the market because though these measures like - removin...
RBI eases current account rules for bank exposures less than Rs 5 crore“For borrowers, where the exposure of the banking system is less than Rs 5 crore, there is no restriction on opening of current accounts or...
HDFC Bank app suffers hour-long outage due to unspecified issues"The issues around mobile banking app is now resolved. Customers can now use NetBanking and Mobile Banking app for transactions," an HDFC B...
Pay your college fee via credit card EMIsBanks are recovering lost ground after RBI barred them from providing 'zero per cent' EMI schemes and have added segments like educational ...
Let zero schemes finance growth, RBIIt is not the case that consumers are unaware that these financing schemes entail real costs on account of interest and documentation.
Gold import squeeze likely to drive small jewellers to grey marketJewellers are up in arms against the new 20-80 principle worked out by the Reserve Bank of India to curb gold imports.
When faced with a dangerously-high current account deficitThe central bank has enhanced the investment limit in debt instruments for foreign institutional investors by $10 billion to $75 billion.
- RBI's move to ease restrictions on the forex market will hedge risks
The RBI's move to ease some of the restrictions it had placed on the foreign exchange market depicts that the bank is less worried on the f...
- Manappuram Finance outperforms peers with 29% gain
The gold-loan provider has outperformed peers, gaining 29% since June 22 when Baring Private Equity bought a 0.94% stake.
- NBFCs in gold loan business brace for slowdown
NBFCs that lend against gold are feeling the pinch of RBI strictures which cap the loan at 60% of the pledged jewellery's value.
- Banking Laws (Amendment) Bill: Hike in voting rights in banks balances demands of equity with prudence
The Cabinet's decision to raise the voting rights in private sector banks progressively from the present 10% to 26% is a welcome move.
- Wise to ring-fence the banking sector
As the financial crisis, especially the role of shadow banks, has shown, one can never be too careful when it comes to financial stability.
- RBI worried over quality of CPs, to revise rules
The number of issuances have bloated from Rs 83,165 crore in the month of April to Rs 107,755 crore in the first fortnight of July.
- Life after the base rate
For all the brouhaha, the change from the benchmark prime lending rate (BPLR) to the base rate will leave the lives of most borrowers prett...
- End hand-holding: Let banks grow up
The RBI is worried that stock market volatility could impact banks.
- Industry urges PM to ensure retail finance in auto sector
Industry has urged Prime Minister Manmohan Singh to bring about some fundamental changes in the process of repossession of vehicles from lo...
- SC dismisses ICICI Bank's plea on loan recovery issue
The Supreme Court on Thursday came down heavily on the banks for deploying musclemen for recovery of loans from the public.