Bank of Baroda reaches an out-of-court settlement with NMC group and its administrators in Abu Dhabi and London.
Microfinance borrowers are less leveraged and their numbers have shrank while lending to sector has grown, says RBI’s Financial Stability Report; asset quality has also improved.
Retail and MSME loans see above-average growth and asset quality remains contained; risks may increase due to conflict in West Asia and borrower cash flows can get impacted, says RBI in Financial Stability Report.
Norms include compensation mechanism for small-value digital frauds; RBI also covers fraudulent transactions involving credit cards.
RBI sticks to Rs 1 lakh crore and above as definition for upper-layer NBFCs; Tata Sons listing a must under this but silence on indirect receipt of funds provides hope of a skip.
Banks must ensure that any artificial intelligence they deploy can be instantly overridden, suspended or deactivated through “kill-switch arrangements”.
UCO Bank’s Rajendra Kumar Saboo has been given the additional charge of MD and CEO until 31 August 2026.
State Bank of India board gives approval for Rs 60,000 crore fundraising in FY27 through issuances in rupee and foreign currencies; funds to support business growth and shore up capital base.
RBI approves extension of Keki Mistry's tenure as interim chairman at HDFC Bank for three months till 18 September.
Temporary withdrawal of cap on fresh FCNR deposits until 30 September will allow banks greater flexibility to offer higher returns to attract foreign capital.
Inflation inches up from 3.48% in April; concerns raised over inflation outlook amid US-Iran war and possibility of a weak monsoon.
SBI, PNB, BoB, HDFC and ICICI among others have raised interest rates on FCNR (B) deposits within days of RBI announcing a foreign currency swap window until 30 September.
Majority of NBFCs, whose certificates of registration were cancelled, had a registered office address in West Bengal; 13 NBFCs also surrendered their registration.
RBI’s forex swap measures on FCNR (B) deposits and ECBs by state-owned companies could attract $60-70 bn in foreign capital and support rupee, India Ratings and Research said.
RBI allows banks to lend to REITs and InvITs; keeps key prudential safeguards on exposure limits, asset quality and repayment structures.
