Tag: Reserve Bank of India

RBI’s proposed framework to administer project financing | Explained

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The story so far: To strengthen the existing regulatory framework for long gestation period financing for projects such as infrastructure, non-infrastructure and commercial real estate sectors, the Reserve Bank of India (RBI) issued draft regulations for consultation earlier this month. The regulations endeavour to provide a “harmonised prudential framework” for financing projects. It also proposes…

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RBI Lays Out Roadmap For Small Lenders To Achieve Universal Bank Status

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Eligible small finance banks will have to provide a detailed rationale for the transition The Reserve Bank of India (RBI) on Friday released a set of criteria that small lenders need to achieve, including performance metrics and market listing, to become a universal bank and provide comprehensive services to both retail and corporate clients. The…

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Kotak Mahindra Bank Barred By RBI From Onboarding New Online Customers

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The RBI said it has decided to place some curbs on the bank in the interest of the customers. New Delhi: Citing data security concerns and deficient IT infrastructure, the Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect. The bank can,…

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Extreme weather may pose risk to inflation, says RBI Bulletin

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Representational file image. | Photo Credit: B. Jothi Ramalingam Extreme weather conditions may pose a risk to inflation, along with prolonged geopolitical tensions that could keep crude oil prices volatile, the Reserve Bank’s April Bulletin said on April 23. The retail based on the Consumer Price Index (CPI) has eased to 4.9% in March after…

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Food price uncertainties to weigh on inflation trajectory; RBI retains FY’25 forecast at 4.5%

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The retail inflation in February was 5.1%, while inflation in the food basket was at 8.66%. The Reserve Bank of India (RBI) on April 5 said food price uncertainties continue to weigh on the inflation trajectory going forward, even as it retained 4.5% retail inflation projection for the current fiscal. In its first bi-monthly monetary…

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Telangana to raise ₹16,000 crore market borrowings in the first quarter of FY 2024-25 

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The logo of the Reserve Bank of India. File | Photo Credit: Reuters The Telangana Government has decided to raise ₹16,000 crore through market borrowings in the first quarter of the upcoming financial year 2024-25. The Government has submitted an indent for raising the amounts through the auction of securities during the April-June quarter. It…

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India’s forex reserves rise by $140 million to hit fresh peak of $642.63 billion

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India’s forex reserves have increased yet again, RBI data shows. This is the fifth consecutive week of a jump in the overall reserves. | Photo Credit: Reuters India’s forex reserves increased by $140 million to touch its all-time high of $642.631 billion during the week ended March 22, the Reserve Bank of India said. This is the…

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