Articles for Rbi

Apex Court Sets Aside Interest Rate Cap On Late Credit Card Bill Payments
Trending News
2 days, 9 hours ago

Apex Court Sets Aside Interest Rate Cap On Late Credit Card Bill Payments

ABP News  

The Supreme Court on Friday set aside an order from the National Consumer Disputes Redressal Commission regarding interest rates on late credit card bill payments. The court ruled that interest rates will not be capped at 30 per cent per annum for late bill payments related to credit cards. Notably, the NCDRC earlier in 2008 ruled that levying more than …

Credit Interest Rates Card Rate Rbi Ncdrc Court Sets
Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar
3 days, 6 hours ago

Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar

The Hindu  

The rupee saw some recovery from its all-time low level and appreciated 10 paise to close at 85.03 against the U.S. dollar on Friday, on softening of the U.S. dollar index and a potential intervention by the Reserve Bank of India. On Thursday, the rupee depreciated 19 paise and breached the crucial 85 level to close at a fresh all-time …

Fed Rbi Low Rupee Gains 10 Paise Lower Levels
Rupee hits all-time low against US dollar. Why is it under pressure?
3 days, 17 hours ago

Rupee hits all-time low against US dollar. Why is it under pressure?

India Today  

The Indian rupee weakened to a record low of 85.10 against the US dollar on Friday, weighed down by persistent dollar strength following robust US economic data that reinforced the Federal Reserve's hawkish stance. Additionally, the US Federal Reserve’s projection of fewer rate cuts in 2025 amid sticky inflation has strengthened the US dollar, making emerging market currencies like the …

Low Rupee Dollar Us Dollar
Case against KT Rama Rao over Rs 45 crore payment linked to 2023 Formula-E race
Trending News
4 days, 17 hours ago

Case against KT Rama Rao over Rs 45 crore payment linked to 2023 Formula-E race

India Today  

The Anti-Corruption Bureau on Thursday filed an FIR against Telangana’s Bharat Rashtra Samithi working president and MLA, KT Rama Rao, over alleged irregularities in hosting the Formula-E race during the previous regime, official sources revealed. KTR has been named the prime accused, with former Municipal Administration and Urban Development Principal Secretary Arvind Kumar and former Hyderabad Metropolitan Development Authority Chief …

Congress Telangana Fir Brs Ktr Formula Rama Rao
How integrating PAN 2.0 with Aadhaar and ‘e-Rupee’ can streamline investments and KYC
6 days, 10 hours ago

How integrating PAN 2.0 with Aadhaar and ‘e-Rupee’ can streamline investments and KYC

Live Mint  

On your last vacation, remember the number of times you had to show your physical Aadhaar card and Permanent Account Number card to comply with know-your-customer norms at hotels and airports? Integrating the Aadhaar card’s address details in the dynamic QR code can make PAN 2.0 a universally acceptable single-point identity and address proof identifier for investments across asset classes. …

Aadhaar Digital Card Physical Rbi Code Pan
Pendency Of Proceedings Before NCLT For Approval Of Scheme Of Arrangement Does Not Preclude Financial Creditor From Filing Petition U/S 7: NCLAT
6 days, 12 hours ago

Pendency Of Proceedings Before NCLT For Approval Of Scheme Of Arrangement Does Not Preclude Financial Creditor From Filing Petition U/S 7: NCLAT

Live Law  

The NCLAT New Delhi bench of Justice Ashok Bhushan, Mr. Barun Mitra and Mr. Arun Baroka has held that the pendency of proceedings before the NCLT for approval of the scheme of arrangement does not preclude the Financial Creditor to proceed with Section 7 application. That the very fact that the Corporate Debtor during pendency of Section 7 application has …

Supreme Court Corporate Corporate Debtor Bank Application Debt Tribunal
Vivek Kaul: RBI’s new governor will have to confront a tricky old trilemma
6 days, 12 hours ago

Vivek Kaul: RBI’s new governor will have to confront a tricky old trilemma

Live Mint  

Shaktikanta Das’ tenure as governor of the Reserve Bank of India has come to an end. For companies, lower rates mean lower interest outflows on their existing borrowings and hence higher profits and possibly higher stock prices. For market participants, lower rates mean that retail investors are incentivized to invest more in stocks in search of higher returns, leading to …

Food India Market Inflation Monetary Policy Control Interest
Mint Primer: Why it will be a baptism by fire for new RBI Guv
6 days, 17 hours ago

Mint Primer: Why it will be a baptism by fire for new RBI Guv

Live Mint  

On 11 December, Sanjay Malhotra, a career bureaucrat, took over as the 26th governor of the Reserve Bank of India. The government feels the slowdown is temporary but what should worry the new RBI governor more is the evolving stagflationary scenario—that’s slow growth accompanied by high inflation. Even before its previous meeting earlier this month, the Monetary Policy Committee which …

India Growth Inflation Economic Growth Rupee Malhotra Rbi Guv
Bad Loans in P2P Lending Double in FY24
1 week ago

Bad Loans in P2P Lending Double in FY24

Deccan Chronicle  

Mumbai: Bad loans in the peer-to-peer lending industry have more than doubled in financial year 2024 to Rs 1,163 crore from Rs 472.1 crore in FY23, a 146 per cent rise. According to an RTI response to Capitalmind Financial Services by the Reserve Bank of India, bad loans in P2P lending touched Rs 1,163 crore at the end of the …

Rbi Lending Bad Loans P2P P2P Lending
Regulatory action against Nidhis, non-disclosure of beneficial ownership jump
1 week ago

Regulatory action against Nidhis, non-disclosure of beneficial ownership jump

Live Mint  

Regulatory action against Nidhi companies or mutual benefit societies, and firms defaulting on their beneficial ownership disclosure have shot up in 2024 compared to previous years, official data from the Registrars of Companies showed. Surge in regulatory action The RoC action against defaulters of beneficial ownership disclosures also skyrocketed in 2024, with 79 adjudication notices to companies under sections 89 …

India Action Corporate Financial Money Laundering Indian Companies
LIC’s unclaimed maturity amounts at ₹881 cr in FY24
Trending News
1 week ago

LIC’s unclaimed maturity amounts at ₹881 cr in FY24

Live Mint  

New Delhi, Dec 16 Life Insurance Corporation has unclaimed maturity amounts of ₹880.93 crore in 2023-24, Parliament was informed on Monday. As many as 3,72,282 policyholders did not claim maturity benefits during FY2024, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha. In order to reduce the Unclaimed and Outstanding Claims, LIC has …

Claim Unclaimed Inr Lic Fer Rbi Guidelines
UPI credit cards will grow massively in next 1-2 years, says Riya Bhattacharya of Rio Money
1 week ago

UPI credit cards will grow massively in next 1-2 years, says Riya Bhattacharya of Rio Money

Live Mint  

Once a user starts using a UPI credit card, it becomes a daily habit. This program enables users to link their RuPay credit cards to UPI apps in order to make payments. Hence we are seeing that once a user starts using UPI Credit Cards, it becomes a daily habit for them. Even small payments are possible using UPI Credit …

Payments Credit Cards Card Cards Rbi Users Upi Payments
Market Strategy: How to structure Fixed Income portfolio in a changing interest rate environment?
1 week ago

Market Strategy: How to structure Fixed Income portfolio in a changing interest rate environment?

Live Mint  

Indian government bond yields traded higher on Monday, with the benchmark 10-year yield hovering around 6.7367%, driven by an uptick in U.S. Treasury yields. In light of these evolving interest rate dynamics, here’s how investors can structure their fixed-income portfolios effectively: Fixed Income Portfolio Strategy Motilal Oswal Private Wealth recommends maintaining an Overweight position on Accrual Strategies while staying Neutral …

Funds Rate Rbi Yields Portfolio Strategies Motilal Oswal
RBI May Begin Shallow Rate Cut Cycle From Feb Amid Global Turmoil
1 week, 1 day ago

RBI May Begin Shallow Rate Cut Cycle From Feb Amid Global Turmoil

Deccan Chronicle  

Mumbai: While calls for rate cuts are growing louder with inflation decelerating in November amid concerns over slowing economic growth, economists see a small window of conventional rate cuts next year as global dynamics turn more fluid. Most expect the central bank to begin a shallow rate-cut cycle in its February 2025 policy meeting with a 25 basis points rate …

Inflation Cent Rate Cut Mpc Policy Window
Growth slowdown: Why lay a deeper economic malaise at RBI’s door?
1 week, 1 day ago

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?

Live Mint  

Chapter 16 in the Book of Leviticus, Old Testament, enjoins Aaron to organize sacrifices and expiate the sins of all Israelites. Various ministers, government officials and sundry industry representatives have been hinting at RBI culpability in India’s economic slowdown and have called upon its monetary policy committee to cut rates in support of growth. The debate began with this year’s …

India Delhi Inflation Indian Demand Rate Rbi
NCLT Can Allow Date Of Default To Be Amended In CIRP Proceedings: NCLAT
1 week, 1 day ago

NCLT Can Allow Date Of Default To Be Amended In CIRP Proceedings: NCLAT

Live Law  

The National Company Law Appellate Tribunal bench of Justice Rakesh Kumar Jain, Mr. Naresh Salecha and Mr. Indevar Pandey has held that the NCLT is empowered to allow the parties to amend the pleadings before the final orders in Corporate Insolvency Resolution Process proceedings are passed. The initial default date of 31.10.2020 falls within the moratorium period under Section 10A, …

Corporate Corporate Debtor Bank Tribunal Held Period Nclt
Why RBI is central to the country’s economy
1 week, 1 day ago

Why RBI is central to the country’s economy

New Indian Express  

The art of setting interest rates Maintaining macroeconomic stability and financial stability is the holy grail of any central bank. The pursuit of sustainable growth and low and stable inflation have been fundamental to central banking activities since the early 19th century, though financial stability got equal prominence, thanks to black swan events like the Great Depression of 1930s and …

Economy Policy Growth Financial Inflation Monetary Policy Interest Rates
Sanjay Malhotra | The new boss at Mint Street
1 week, 1 day ago

Sanjay Malhotra | The new boss at Mint Street

The Hindu  

December 9 began as a routine day for North Block mandarins, with questions pertaining to the Finance Ministry to be answered in the Lok Sabha. Mr. Malhotra, who has spent almost all his life in North India, is a computer engineering graduate from IIT Kanpur, with a Master’s degree in Public Policy from Princeton University. “Not a whole lot is …

Growth Rbi Das Malhotra Mint Street
Bank Holidays: Banks to remain closed on these days in December| Full list
1 week, 2 days ago

Bank Holidays: Banks to remain closed on these days in December| Full list

Hindustan Times  

Banks will remain closed on the second and fourth Saturdays, all Sundays, and 17 days in December due to festivals. December 2024 bank holidays: The Reserve Bank of India determines bank holidays for festivities. The Reserve Bank of India determines bank holidays for festivals; only banks in that state or area remain closed for regional festivities. The Feast of St. …

Holidays Christmas Rbi Banks Bank Holidays Kohima Saturdays Bank
RBI Raises Collateral-Free Loan Limit To Rs 2 Lakh For Farmers Starting Jan 1, 2025
Trending News
1 week, 2 days ago

RBI Raises Collateral-Free Loan Limit To Rs 2 Lakh For Farmers Starting Jan 1, 2025

ABP News  

The Reserve Bank of India has raised the collateral-free loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh, effective January 1, 2025. This decision is designed to provide better financial support to small and marginal farmers facing increasing input costs. By addressing inflationary pressures on farming input costs, this measure seeks to ease the financial burden on …

India Farmers Loan Input Costs Rbi Rs 2 Lakh
Farm loans up to ₹2 lakh to be collateral free: RBI
1 week, 2 days ago

Farm loans up to ₹2 lakh to be collateral free: RBI

Hindustan Times  

The Reserve Bank of India has asked all banks to waive collateral, mortgage and any margin deposits against farm loans up to a limit of ₹2 lakh, the central bank said on Saturday. RBI has advised banks to waive collateral security and margin requirements for agricultural loans including loans for allied activities up to ₹ 2 lakh per borrower. The …

Bank Rbi Lakh Farm Agricultural Collateral Including Loans
RBI raises collateral-free loan limit to ₹2 lakh for farmers amid rising costs
1 week, 2 days ago

RBI raises collateral-free loan limit to ₹2 lakh for farmers amid rising costs

Live Mint  

To ease financial pressures on farmers and address escalating agricultural input costs, the Reserve Bank of India has raised the collateral-free agricultural loan limit from ₹1.6 lakh to ₹2 lakh. By increasing the loan ceiling, the RBI aims to bolster credit access without the burden of collateral, offering a critical lifeline to farmers with limited assets. Read this | Land …

Farmers Rbi Loan Limit
Weekend News Wrap: Allu Arjun’s arrest, D Gukesh World Chess Championship, Hybrid model for Champions Trophy and more
1 week, 2 days ago

Weekend News Wrap: Allu Arjun’s arrest, D Gukesh World Chess Championship, Hybrid model for Champions Trophy and more

Live Mint  

Weekend News Wrap: This week was marked by several significant events. Bomb alert in Delhi schools Two schools, DPS RK Puram and GD Goenka school on Paschim Vihar in Delhi, received bomb threats on Monday morning via email, in Delhi get bomb threats. As reported by ANI, citing Delhi Police, “Two schools in Delhi received bomb threats via e-mail - …

India Karnataka Delhi Kolkata World Threats Threat
Interest rate cuts could be a catalyst for these five growth stocks
1 week, 2 days ago

Interest rate cuts could be a catalyst for these five growth stocks

Live Mint  

When central banks like the Reserve Bank of India reduce interest rates, borrowing becomes cheaper. A potential RBI rate cut could work in Swiggy’s favour by reducing borrowing costs, supporting its ambitious expansion projects, and improving profitability. Lower borrowing costs would support the company's significant capital expenditure and debt repayment strategies, enabling it to accelerate investments in expanding production capacities …

India Energy Growth Food Delivery Costs Companies Interest Rates