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IndusInd bank shares up 2.6 pc, lender received RBI approval for AUM busin
Updated : 1 year, 7 months ago IST
The shares of IndusInd bank surged more than 2.67 per cent after the bank received approval from the Reserve Bank of India (RBI) to establish a wholly-owned subsidiary for undertaking the asset management business of Mutual Funds, the bank informed the exchange in a filing.
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RBI issues framework for recognition of Self-Regulatory Organisations in f
Updated : 1 year, 7 months ago IST
The framework was introduced given the potential role of Self-Regulatory Organisations (SROs) in strengthening compliance culture among their members and also providing a consultative platform for policy-making.
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RBI says demand conditions in Indian economy are gathering momentum
Updated : 1 year, 7 months ago IST
The demand conditions in the economy are gathering momentum after some slack in the first quarter of 2024-25, the Reserve Bank of India said in its monthly bulletin of August 2024.
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Deposit insurers may look for full coverage for small depositors, senior c
Updated : 1 year, 7 months ago IST
Asserting that full insurance coverage for all depositors appears somewhat financially non-viable, RBI Deputy Governor M. Rajeshwar Rao suggested that if this could be given to certain sections of the customers -- small depositors, senior citizens, or pools deposits of smaller depositors
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Rural economy is driving India's growth, Govt capex in infra will stimulat
Updated : 1 year, 7 months ago IST
The Rural economy of India has emerged as a significant driver of economic growth, outpacing urban areas largely due to increased government spending in the recent quarters, highlighted a report by Anand Rathi, a financial service company.
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India's economic stride strengthening rupee's internationalisation in new
Updated : 1 year, 7 months ago IST
With growing global fragmentation, and geopolitical and geostrategic shifts, de-dollarisation plans are gathering currency. On the other hand, BRICS countries are working on reducing dollar dominance in the global financial system by replacing it with a new global currency.
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Housing finance companies unlikely to face difficulty in complying with re
Updated : 1 year, 7 months ago IST
Deposit-taking housing finance companies (HFCs) are unlikely to face difficulty in complying with the Reserve Bank of India's (RBI) revised norms for raising public deposits issued on August 12, 2024, said Crisil Ratings.
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24/7 online and mobile banking may heighten vulnerabilities and liquidity
Updated : 1 year, 7 months ago IST
Online banking services like Internet banking and mobile banking may increase the chances of liquidity crisis during periods of stress, highlights RBI Deputy Governor Swaminathan Janakiraman during an event in Jaipur on Wednesday.
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RBI regional director meets Himachal CM, discusses state's banking sector
Updated : 1 year, 7 months ago IST
The Regional Director of the Reserve Bank of India Anupam Kishore called on Himachal Pradesh Chief Minister Thakur Sukhvinder Singh Sukhu in the state's capital Shimla.
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RBI Dy Governor highlights urgent need to evolve deposit insurance system
Updated : 1 year, 7 months ago IST
Reserve Bank of India (RBI) Deputy Governor Michael Patra underscored the urgent need for evolving deposit insurance systems to meet the challenges posed by rapid financial innovation and climate change at an event organised by the Deposit Insurance Corporation of Global Communities (DICGC)
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CPI inflation down, but road ahead could be bumpy: SBI Report
Updated : 1 year, 7 months ago IST
The SBI's latest report highlights that the once-dominant "Follow the Fed" mantra appears to be waning, with an increasing number of central banks prioritizing domestic economic conditions over synchronizing with U.S. rate decisions, signalling a shift in global monetary policy dynamics.
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India's retail inflation softens and align with RBI's 4% target
Updated : 1 year, 7 months ago IST
According to data released by the Ministry of Statistics and Programme Implementation on Monday, retail inflation or Consumer Price Index in July was at 3.54 per cent.
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