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Tag Archives: RBI

RBI to consider ‘on tap’ licensing for small finance banks

The Reserve Bank of India (RBI) on June 6 said it was considering “on tap” licensing for small finance banks. The central bank said it would issue draft guidelines on the licensing of such banks by the end of August 2019. “There is a case for more players to be included to enhance access to banking facilities to the small ... Read More »

RBI governor Shaktikanta Das bats for permanent status to Finance Commission

Mumbai: While it is important to adhere to fiscal deficit targets, it is equally important to undertake robust expenditure planning to address the socio-economic challenges, RBI governor Shaktikanta Das said on at the launch of predecessor Y.V. Reddy’s new book on Tuesday.Indian Fiscal Federalism is co-authored by Y.V. Reddy and G.R. Reddy, adviser (finance) to the Government of Telangana. According to Das, ... Read More »

Xiaomi Mi Pay UPI-Based Payment Platform Coming to India Soon, Awaiting RBI Licence Approval: Report

HIGHLIGHTS Xiaomi Mi Pay will be based on UPI in India It was initially launched in China in 2016 Xiaomi is looking to collaborate with private lenders in the country Xiaomi is all set to unveil its Mi Pay digital payments platform in India, if a new report is to be believed. Launched initially in China in 2016, Mi Pay is said to arrive ... Read More »

Amazon India Gets RBI Nod For Mobile Wallet

New Delhi: Online marketplace Amazon India has secured a licence to operate prepaid payment instrument (PPI) or mobile wallet in the country as it tries to compete more aggressively against rivals Snapdeal and Paytm. The approval will help the US-based giant to cash in on the booming digital payments market in India. “We are pleased to receive our PPI license ... Read More »

RBI proposes wholesale, long-term finance banks

The Reserve Bank of India (RBI) on Friday proposed to float wholesale and long-term finance (WLTF) banks that would fund long-term high-value projects — something similar to the development finance institutions (DFIs) of the past. “Going forward, considering the existing landscape of banking and non-banking services in the country, it is felt that there is a need to explore the ... Read More »

Who Will Replace Raghuram Rajan At RBI?

Raghuram Rajan has said he will not be seeking a second term at RBI NEW DELHI:  HIGHLIGHTS Raghuram Rajan will not be seeking second term at RBI Finance Minister said government will name successor soon RBI deputy governor Urjit Patel in list of 7 potential successors RBI governor Raghuram Rajan stunned government officials and investors on Saturday by announcing he ... Read More »

Ujjivan Falls As RBI Restricts Foreign Investors From Buying Shares

Shares of non-banking finance company- Ujjivan Financial Services fell as much as 5 per cent to hit intraday low of Rs 372.55 after the Reserve Bank of India restricted foreign institutional investors from buying its shares. The Reserve Bank of India has put Ujjivan Financial Services on its ban list for foreign investment, which means overseas investors will not be ... Read More »

RBI allows 90% loan to fee ratio on domestic loans as much as Rs30 lakh

RBI’s pass comes inside the wake of a central authority plan, referred to as Housing for All, to construct20 million homes for the city bad via 2022, which coincides with 75 years of independence. photograph: Bloomberg Mumbai: The Reserve bank of India (RBI) on Thursday multiplied the quantity banks can increase for aproperty purchase and also decreased the so-referred to ... Read More »