Banking Editorial December 2024
The Indian banking and finance sector continues to demonstrate resilience and adaptability, even amidst evolving challenges and dynamic economic conditions.
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BEYOND THE RATE HIKE:UNDERSTANDING THE EFFECTS OF MONETARY POLICY TIGHTENING IN INDIA
Abstract: India, like many nations, faced rising inflation in 2021. To combat this, the MPC implemented a series of aggressive
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RBI holds repo rate for 9th time in a row at 6.5%
RBI decided to keep policy rates on hold for the ninth consecutive time, citing strong demand and the need to
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RBI mandates fortnightly credit information reporting
The Reserve Bank of India (RBI) mandated the frequency of credit information reporting to fortnightly basis as a measure to
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Now, cheques to be cleared in a few hours
Reserve Bank of India (RBI) has proposed continuous clearing of cheques with ‘on-realization-settlement’ Cheque Truncation System, instead of the current
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RBI proposes risk-based pricing for deposit cover
RBI has proposed risk-based pricing for bank deposit insurance. The reasoning is that stressed banks could face rapid deposit withdrawals
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RBI issues two-factor check norms
RBI has said that any alternative to the SMS-based OTP as an additional factor of authentication should be dynamically generated.
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RBI decision on 14-year, 30-year tenors G-Secs
Reserve Bank excluded government securities (G-Sec) of 14-year and 30-year tenors from the Fully Accessible Route (FAR) for foreign portfolio
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Reserve Bank tightens norms for NBFC-P2P lending platforms
The Reserve Bank of India (RBI) tightened norms for Non-Banking Financial Company-Peer to Peer Lending Platforms (NBFC-P2P Lending Platform) to
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RBI issues norms to improve safety of payment systems
The RBI said non-bank payment system operators will have to put in place a real-time fraud monitoring solution to identify
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