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RBI AA STANDARDS
RBI approves Sahamati as SRO for Account Aggregator ecosystemThe Reserve Bank of India has recognized Sahamati as the Self-Regulatory Organisation for the Account Aggregator ecosystem. This move forma...- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
- Sahamati secures Rs 50 crore in funding from large banks, AMCs, stockbrokers and fintechsSahamati, the NBFC-Account Aggregator body, has raised Rs 50 crore from major banks, asset management companies, stockbrokers, and fintechs...
- Sammaan Capital margins will double, cost of funds to drop 250 bps as IHC deal closes: Gagan BangaSammaan Capital anticipates a strong future. A major capital boost from International Holding Company is expected to lower borrowing costs ...
- Torrent Pharma eyes Rs 12,500-crore bond sale next week. Check detailsNext week, Torrent Pharmaceuticals is set to launch a hefty debt sale, targeting around ₹12,500 crore in fundraising. This capital will pla...
- New lending platform to expand credit access, inclusion: RBI Guv Sanjay MalhotraRBI Governor Sanjay Malhotra highlighted the crucial role of the account aggregator framework and the new unified lending interface (ULI) i...
- RBI's new guidelines for account aggregators envisage net worth of Rs 2 croreThe Reserve Bank of India (RBI) has introduced a new framework for recognising self-regulatory organisations (SROs) in the account aggregat...
- Banks to bring in extra KYC verification layersBanks are enhancing their KYC standards by adding extra verification layers to identify accounts and account holders. The plan includes upd...
- Fintech industry needs to set up own self-regulatory mechanism: RBI GovernorSpeaking at the Global Fintech Fest here, Das said that good governance will be key to durable and long term success of any company, and in...
- Private cryptocurrencies will never replace fiat currency: Nandan NilekaniNilekani said incidents like the “fall of cryptocurrency exchange FTX in the United States” have shown that private cryptocurrencies aren’t...
- India's NBFCs on a stronger wicket now, RBI economists sayBased on supervisory data, in quarter-ending December 2021, the consolidated balance sheet of NBFCs grew at a faster pace than the correspo...
- Why credit growth hit a 59-yr low in FY21? AAA-rated papers were 46 bps cheaper than bank ratesAccording to analysis of the corporate bond yields, bank's MCLRs and GSecs between January 2020 and March 2021 by Care Ratings, AAA-rated c...
- StanChart Fined₹100 Crore for FEMA ViolationsThe probe was based on the communication sent by the RBI to investigate advance remittances received by certain entities for purchase of TM...
- Debt market’s love for G-Secs & PSU papers is here to stayRisk of a high-quality portfolio is volatility, as underlying securities are traded frequently.
- Fresh blow to PSU lenders: Crisil downgrades eight midcap banksCrisil joins a long list of rating agencies which have either downgraded the public sector lenders or have projected a negative outlook for...
- RBI floats draft framework for account aggregator NBFCsOnly companies registered with the RBI as Non-Banking Financial Company (NBFC) - AA will be able to undertake the business of an account ag...
- State Bank of Bikaner and Jaipur's business turnover reaches 1.39 lakh croreDuring the year 2013-14, the bank opened 113 branches and 590 ATMs, taking the total network to 1,148 branches and 1,554 ATMs.
- FSDC to meet on Aug 16 to take stock of global uncertaintyThe Council, FSDC, is an umbrella organisation of all financial sector regulators in the country and is headed by Finance Minister.
- Recession 2011: Continuously assessing impact of US crisis, says RBIThe RBI also said the entire policy and regulatory framework of the country must be prepared to respond to turbulent financial market condi...
- Players can borrow against corporate bondsThe move will give participants access to relatively cheaper funds. The repurchase or repo facility will be available to all these players ...
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