Page 8 - Manojit Saha

RBI's journey of 90 years: The building of India's financial fortress

Prime Minister Narendra Modi will join the commemoration at the National Centre for Performing Arts in Mumbai

Banks ready systems for capturing int'l credit card spends under LRS

Last year the government had announced that credit card spends in a foreign currency will be a part of LSR's annual limit of $2,50,000

Hemendra Kothari's DSP group to enter NBFC space, awaits RBI approval

Kothari is chairman of DSP Asset Managers, an asset management company (AMC) with a wide range of active and passive funds managed across the risk-reward spectrum

SROs must promote a culture of compliance among members, says RBI

The membership criteria of the SRO would be as prescribed by RBI at the time of inviting the application for each category/class of REs

Inflation still high and focus on minimising risk, says RBI report

Indicates 'significant per capita income shifts' underway

Bandhan Bank to launch credit card in Apr-May; Piush Jha to head the unit

Strengthens top management with ex HDFC, Citi, Axis bankers

RBI governor asks regulated entities to improve grievance redress mechanism

RBI had established an Internal Ombudsman (IO) Mechanism in regulated entities to bolster their internal grievance redress processes

Have achieved full compliance with RBI requirements: IIFL Fin's A K Purwar

All concerns raised by the RBI pertain to operational and process-related matters, AK Purwar said

Processing UPI transactions: Paytm's TPAP request awaits bank tie-ups

Discussions with PSP banks could take over a month to reach an agreement

Monitor end use of funds for business cards, says Reserve Bank of India

No need to approval for co-branded cards

RBI, Indonesia's central bank sign agreement for local currency trade

India's second such local currency trade agreement, after one with the UAE

Banks must give customers choice to select credit card network: RBI

Some arrangements between card networks and issuers are 'not conducive' for customers, it says

NPCI discusses means to grow UPI ahead december market cap deadline

NPCI owns and operates the Unified Payments Interface (UPI) platform

Fairfax India agrees to give IIFL Finance up to $200 mn liquidity support

NBFC's stock falls another 20% after RBI bars it from disbursing gold loans

Taking steps to meet RBI's concern: IIFL Fin after ban on giving gold loans

Company has enough liquidity and there is no governance at play, says NBFC's managing director

RBI bars JM Financial from financing against debentures and shares

Flags governance concerns; Order special audit

Bloomberg to add Indian bonds to emerging market indices in January 2025

Up to $3 bn inflows expected; they won't join Bloomberg Global Aggregate index

RBI bars IIFL Finance from sanctioning and disbursing gold loans

Move after no corrective action to address norm breach; ban to be reviewed after special audit; 2,721 gold loan branches manned by 15,000 employees

Interoperability of internet banking system in 2024: RBI's Shaktikanta Das

Shaktikanta Das said there's considerable scope for expanding digital payments

Fintechs raise UPI payment charging concerns with FM Nirmala Sitharaman

The MDR on UPI payments has been a longstanding demand from the fintech industry, asserting they don't generate revenue from such transactions