Budget Briefs: RBI can supersede NBFC board
The government has decided to strengthen regulatory authority of Reserve Bank of India (RBI) over non-banking financial companies (NBFCs). Finance Minister has said that the RBI will now be the …
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RBI sets up panel to review CICs
The Reserve Bank of India(RBI) has set up a working group to review the regulatory and supervisory framework for core investment companies (CIC). The working group will examine (a)regulatory framework …
Read MoreGovt may enhance RBI powers for better supervision of NBFCs
The government is considering a proposal from the Reserve Bank of India(RBI) seeking more powers to improve its regulatory and supervisory mechanism for non-banking financial companies(NBFCs). This proposal came after …
Read MoreLow oil price, food supply kept inflation low:Viral Acharya
The outgoing deputy governor of RBI has credited flexible inflation targeting,low crude prices and efficient food supply management for successful taming of inflation in recent years. The RBI has shifted …
Read MoreNeed to push up savings rate to achieve new growth trajectory: Former RBI deputy governor
Former Reserve Bank of India Deputy Governor has said that there is a need to increase savings and investment rate to move India to a new growth trajectory in the …
Read MoreRBI allows ARCs to buy financial assets from peers
The Reserve Bank of India(RBI) has allowed asset reconstruction companies (ARCs) to acquire financial assets from other ARCs in a bid to accelerate timely resolution of stressed assets. Earlier,ARCs could …
Read MoreNPAs down, credit growth picking up: RBI
The Reserve Bank of India has released the Financial Stability Report. The report assessed that India’s financial system remains stable in the backdrop of improving resilience of the banking sector.However,the …
Read MoreRBI begins monitoring HFCs
The Reserve Bank of India(RBI) has started monitoring the liquidity position,asset-liability gap and repayment schedules of housing finance companies(HFCs) on a daily basis. The move to monitor HFCs on a …
Read MorePayments data must be saved locally: RBI
The Reserve Bank of India (RBI) has clarified that payment system providers need to store entire payments data in a system only in India. The data should include end-to-end transaction …
Read MoreSinha-led panel proposes ₹5,000 crore stressed asset fund for MSMEs
A Reserve Bank of India(RBI) expert committee tasked with reviewing the current framework for the micro,small and medium enterprises (MSMEs) has submitted its report. The committee has recommended a ₹5,000 …
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