For the seventh consecutive review, the Reserve Bank of India (RBI) monetary policy committee kept the key lending rates unchanged, maintaining its steadfast focus on bringing the inflation to its targeted levels, However, the Governor’s commentary exuded high optimism with …
In the last one month, RBI has made the following two announcements back-to-back which have sent shockwaves through the entire fintech industry leaving stakeholders on both sides of the debate pondering the implications and the path forward: Paytm Payments Bank …
Fintech at the crossroads: Disruption and regulation Read More »
On December 19, 2023, the Reserve Bank of India (RBI) issued a notification whereby regulated entities (REs) (including all commercial banks, and non-banking financial companies) were prohibited from making investments in any scheme of alternative investment funds (AIFs) which has …
PhonePe, BHIM, and Google Pay experience growth as consumers seek alternatives amid regulatory constraints Following the Reserve Bank of India’s (RBI) order restricting Paytm Payments Bank from accepting new deposits or top-ups, the digital payments landscape in India has witnessed …
Paytm payments bank restrictions drive surge in competitors’ app downloads Read More »
Deposit-taking HFCs to face stricter norms, including increased liquidity requirements, smaller deposit caps, and potential for co-branded credit cards The Reserve Bank of India (RBI) has proposed stricter regulations for housing finance companies (HFCs) in a move to harmonise their …
“The summer of 2022 is behind us.” This might be one of the most resolute statements of the RBI Governor, Shaktikanta Das. The statement underlines the humongous policy and governmental efforts undertaken to rein in inflation to the current manageable …
From inflation peaks to economic peaks: RBI’s optimistic outlook for FY24 and beyond Read More »
The October monetary policy committee (MPC) meeting had a flag raised by the RBI Governor Shaktikanta Das – addressing consumer credit and bringing it into the spotlight. On November 16th, the RBI took a stance to increase the risk weights …
RBI tightens consumer credit and bank credit to NBFCs Read More »
RBI MPC meet held on Oct 6, retains the repo rate at 6.5 pc. The decision was unanimous On the global stage, economic headwinds have been a cause for concern, with uncertainties in international markets impacting financial conditions. The ongoing …
The central bank has rightly decided to wait for the monetary transmission data from the earlier hikes to take further action. The Monetary Policy Committee (MPC) met on the 8th, 9th, and 10th of August 2023. After detailed deliberation on …
RBI keeps rate unchanged: Inflation estimation increases Read More »
Starting 1st October 2023, card issuers shall provide an option to their eligible customers to choose any one among the multiple card networks
