Page 14 - Latest Updates on Reserve Bank of India
RBI nudges fintechs to consider granting same-day loans to street hawkers
Loans are repaid within 24 hours and seek to bolster financial inclusion at the bottom of the pyramid
 "RBI nudges fintechs to consider granting same-day loans to street hawkers")
RBI allows foreign investors in IFSC to invest in sovereign green bonds
At present, foreign portfolio investors (FPIs) registered with Sebi are permitted to invest in SGrBs under the different routes available for investment by FPIs in government securities
 "RBI allows foreign investors in IFSC to invest in sovereign green bonds")
RBI asks public to be cautious against fraudulent activities in its name
It has come to the notice of the RBI that unscrupulous elements are using various methods to defraud members of the public by using the name of RBI in some capacity
 "RBI asks public to be cautious against fraudulent activities in its name")
RBI expected to finalise guidelines on project loans in 2-3 months
The Reserve Bank of India has proposed to set aside 5 per cent of the total exposure to a project till the construction of the project is on
Sebi seeks RBI support to boost participation in corporate bond repo market
Market players said that ARCL is not classified as a Qualified Central Counterparty (QCCP), which restricts participation from banks and PDs
 "Sebi seeks RBI support to boost participation in corporate bond repo market")
RBI focusing on making UPI, RuPay truly global, says Governor Das
RBI grants license to FACE as self-regulatory org in fintech sector
 "RBI focusing on making UPI, RuPay truly global, says Governor Das")
Interlinking domestic fast-pay ways won't solve crossborder issues: Waller
Says frictionless cross-border payments will make it difficult to check money laundering and terror funding
 "Interlinking domestic fast-pay ways won't solve crossborder issues: Waller")
Shriram Finance plans to raise up to $1.5 bn from overseas, says CEO
Last November, Reserve Bank of India asked all lenders to set aside more capital on loans given to non-banking financial companies (NBFCs)
 "Shriram Finance plans to raise up to $1.5 bn from overseas, says CEO")
RBI mulls softer rollout of infra financing norms amid lender pushback
The central bank faced criticism claiming that the new norms may slow down important govt projects like highways and power plants, which are critical for India's economic growth
 "RBI mulls softer rollout of infra financing norms amid lender pushback")
RBI to launch Unified Lending Interface to transform lending space: Das
There should not be in any rush to roll out system-wide CBDC before one acquires a comprehensive understanding of its impact, Das said
 "RBI to launch Unified Lending Interface to transform lending space: Das")
Tata Sons avoids mandatory listing after repaying Rs 20,000 crore debt
Tata Sons, the holding company of the Tata Group, has voluntarily surrendered its certificate of registration to the Reserve Bank of India (RBI)
 "Tata Sons avoids mandatory listing after repaying Rs 20,000 crore debt")
Likely to lose 1% of GDP growth in FY25, FY26 due to rate-cut delay: Varma
The only available yardstick for evaluating the tightness of monetary policy is the real interest rate. The nominal repo rate is useless for this purpose
 "Likely to lose 1% of GDP growth in FY25, FY26 due to rate-cut delay: Varma")
India should retain headline inflation as target: RBI's external rate panel
India adopted the inflation targeting framework in 2016, setting a 4% headline inflation target for the central bank's rate setting panel
 "India should retain headline inflation as target: RBI's external rate panel")
Rising costs from T+1 timeline may push weaker P2P players to the brink
While there are 26 licensees, only 10-11 players are active in this space, with the industry's assets under management totalling Rs 11,000 crore
 "Rising costs from T+1 timeline may push weaker P2P players to the brink")
Rupee to inch up, traders await cues from Powell on interest rate cuts
The rupee has been a laggard in Asia, not benefitting from the increased confidence of the Fed cutting rates at each of the remaining three meetings this year
 "Rupee to inch up, traders await cues from Powell on interest rate cuts")
Despite operational risks, data shows digital payments cruising ahead
In this context, Business Standard takes a look at how digital payments in India have evolved over the years.
 "Despite operational risks, data shows digital payments cruising ahead")
RBI's MPC to get new external members as current terms expire in October
The RBI MPC consists of six members: three from the RBI, including the governor, and three external members appointed by the government
India's GDP growth slowed down to six-quarter low of 6% in Q1 FY25: ICRA
The credit rating agency expects India's GDP to grow by 6.8 per cent for the full fiscal year 2024-25, lower than the 8.2 per cent achieved in 2023-24
 "India's GDP growth slowed down to six-quarter low of 6% in Q1 FY25: ICRA")
Paytm to cut remuneration of its board members, cap annual pay at Rs 48L
Currently, the annual salaries of non-executive independent directors of Paytm's board members runs into crores
 "Paytm to cut remuneration of its board members, cap annual pay at Rs 48L")
MSMEs' access to formal bank financing hurt due to asset shortage: RBI DG
It is challenging to assess the creditworthiness of small enterprises, says Swaminathan J
 "MSMEs' access to formal bank financing hurt due to asset shortage: RBI DG")
