New Delhi, Jun 26 (KNN) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Thursday met representatives of export federations, export promotion councils, the Export Committee of the Confederation of Indian Industry (CII) and the Foreign Exchange Dealers’ Association of India (FEDAI) to discuss issues concerning the country’s export sector. Continue Reading
New Delhi, Jul 20 (KNN) The Parliamentary Standing Committee on Finance has called the Economic Affairs Secretary to clarify pending provisions in the proposed Securities Market Code Bill, as it moves closer to finalising its draft report. Around 26 clauses remain unresolved and need to be incorporated before the reportContinue Reading
New Delhi, Jul 29 (KNN) Regional Rural Banks (RRBs) posted their highest-ever consolidated net profit of Rs 10,177 crore in FY 2025-26, while key financial indicators including deposits, loans, credit-deposit ratio, net worth and capital adequacy improved, according to data from NABARD. The information was provided by Minister of StateContinue Reading
New Delhi, Apr 17 (KNN) Assets of Upper Layer non-banking financial companies (NBFCs) could rise to 70 per cent of the total assets of the sector from 30 per cent now if the Reserve Bank of India (RBI) implements the proposed draft amendments to its Scale-Based Regulation (SBR) framework, CareEdgeContinue Reading
New Delhi, May 4 (KNN) The Reserve Bank of India’s (RBI) final guidelines on shifting to an expected credit loss (ECL) framework are likely to result in a one-time net impact of up to 120 basis points (bps)on banks’ Common Equity Tier-1 (CET-1) ratios, according to Crisil Ratings. However, banksContinue Reading
New Delhi, May 21 (KNN) Stakeholders from the fintech, legal and digital payments sectors have raised concerns that proposed changes to the Reserve Bank of India’s draft framework on Prepaid Payment Instruments (PPIs) could adversely affect more than 110 million Indians who use prepaid wallets for daily transactions. The concernsContinue Reading
New Delhi, Jun 20 (KNN) The Reserve Bank of India (RBI) has exempted banks from maintaining statutory reserve ratios on fresh Non-Resident (External) Rupee (NRE) term deposits of three years or more, mobilised between June 19 and September 30, 2026, as part of its measures to attract foreign capital andContinue Reading
