RBI to compensate bank customers up to Rs 25,000 for losses from small-value digital frauds; provide one-time relief.
RBI’s move to make it easier for REITs to raise capital, reduce borrowing costs and trigger faster asset expansion in office and retail segments.
RBI doubles limit on collateral-free loans for small businesses to Rs 20 lakh; measure to boost credit to MSME sector.
RBI has been reviewing all the portfolios, whether it is gold loans, whether it is MSMEs, whether it is personal loans; all categories show good asset quality, low slippages and no cause for concern, said RBI Governor Sanjay Malhotra.
RBI had directed certain private banks to make additional standard asset provisions due to mis-classification of some agri loans as priority sector lending.
Gold-loan NBFCs do not require RBI nod to open more than 1,000 branches; large players like Muthoot and Manappuram Finance to gain.
NBFCs under Rs 1,000 crore and no public funds to be exempt from registration with RBI; move to ease compliance burden.
Reserve Bank of India approves private equity firm Blackstone's acquisition of up to a 9.99% stake in Federal Bank.
Yes Bank, which now has Japan's SMBC as its largest shareholder, has got RBI approval to appoint Vinay Tonse as MD & CEO for 3 years.
Punjab National Bank tops the list with Rs 1,577.87 crore during the last three financial years; PSBs collect Rs 3,388 crore from SMS charges, with Union Bank of India at the top.
Govt is considering and inter-ministerial consultation is on for raising FDI cap in state-run banks to 49% from existing 20%, said Financial Services Secretary Nagaraju.
Govt is looking at setting up a high-level committee that examines the entire banking sector so it can provide recommendations to help plan for banking in 2047, Finance Minister Nirmala Sitharaman said.
Mobile phones, leather goods, cancer medicines and travel abroad set to become cheaper; alcohol and luxury watches to cost more.
UPI generates transactions worth a record Rs 28.33 lakh crore in January, up 21% from Rs 27.97 lakh crore a month ago.
GDP growth for FY27 to come on the back of domestic demand despite global volatility; growth for FY26 is estimated at 7.4%.
