A clutch of key regulations was to come into force in the next few months. These include asking banks to set aside a higher stock of liquid assets to meet a contingency like a potential bank run and a draft framework for lenders undertaking project finance.
3 min read7 Feb 2025Today’s monetary policy reflects a steady state of thinking at RBI. Today’s rate cut continued the MPC pivot to the “neutral” stance in October and the CRR cut in December.
3 min read7 Feb 2025The microfinance sector is experiencing significant stress, with rising delinquencies affecting banks and non-bank lenders. Seasonal factors and increased borrower indebtedness have prompted cautious strategies, and experts foresee continued challenges for at least two more quarters.
5 min read5 Feb 2025Reserve Bank of India is considering to raise the maximum fees that banks can charge customers for exceeding the “free five transactions” limit, reported the news portal Hindu BusinessLine.
1 min read4 Feb 2025The fall of the rupee to a new all-time low was in line with other global currencies, which weakened against the greenback after Trump imposed tariffs on Canada, Mexico and China, and threatened to increase levies on the European Union.
3 min read3 Feb 2025The RBI’s annual report for the Integrated Ombudsman Scheme reveals that 934,355 complaints were filed against lenders in 2023-24.
3 min read3 Feb 2025Barclays banking services disruption is expected to last into Sunday due to an IT glitch, affecting payments and account balances. The bank said it is working to resolve issues and has assured customers they won’t be left out of pocket amid ongoing frustrations.
2 min read2 Feb 2025A majority of economists believe that the budget has set the stage for a rate cut by keeping fiscal deficit under control.
3 min read1 Feb 2025If capital flows are going to be problematic, sustainable CAD for India will be much lower than 2.5-3%, says the survey
3 min read31 Jan 2025Surveillance of branches and ATMs is not new to the banking industry. However, a majority of these are not equipped with smart cameras that can detect and report threats in real time.
4 min read31 Jan 2025The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared