The Reserve Bank of India (RBI) on Tuesday issued stringent draft guidelines pertaining to de-registration of type-1 non-banking finance companies (NBFCs) with less than ₹1,000 crore in assets. The regulator has sought public feedback on the draft guidelines by March 4, 2026. According to the draft norms, type-1 NBFCs have time till September 2026 to […]
Neha Kumari, a 34-year-old HR professional in Hyderabad, booked a ₹1 crore apartment with a 25% down payment and took a home loan for the remaining amount. While the EMI fits within her monthly budget, it leaves limited room for discretionary spending. She has maintained a small emergency fund and plans to restart her systematic […]
The Reserve Bank of India plans to allow banks to lend directly to the real estate investment trusts, or REITs, to unlock fresh funding for the real estate sector. REITs, or real estate investment trusts, own and operate office parks, malls and warehouses in India. (Reuters) There will be “certain prudential safeguards” for such transactions, […]
Stock market benchmark indices Sensex and Nifty continued to trade lower on Friday after the RBI decided to pause on the policy rate front, with IT heavyweights facing selling pressure amid weak trend in the US equities. Fresh foreign fund outflows also dented investors’ sentiment. Extending its previous day’s decline, the 30-share BSE Sensex further […]
The Reserve Bank of India has kept its benchmark repurchase rate unchanged citing benign inflation, even as a myriad trade deals boosts the outlook for the world’s fastest growing major economy. Reserve Bank of India (RBI) Governor Sanjay Malhotra. (Punit Paranjpe/AFP Photo) The RBI’s six-member Monetary Policy Committee (MPC), which met over 4-6 February, voted […]
The rupee’s biggest rally in seven years will give Reserve Bank of India scope to rebuild its forex reserves, potentially limiting further gains after the boost from the India-US trade deal, according to some analysts. The rupee has fallen 5.3% against the US dollar so far this year, putting it on track for its steepest […]
Vinay Muralidhar Tonse | Photo Credit: The Reserve Bank of India (RBI) has approved appointment of SBI MD Vinay Tonse as the new MD, CEO of YES Bank for three years, according to am exchange notice. “Prashant Kumar, MD/CEO of the Bank, is currently in the midst of his extended term. Keeping his preferences and […]
The Indian rupee hit a record low against the dollar on Thursday, pressured by dollar demand linked to the maturity of non-deliverable forward positions and corporate hedging, while the central bank likely intervened to hold it above the psychologically significant 92 level. The rupee ended the session at 91.9550 per dollar, down 0.2% from its […]
The Reserve Bank of India has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier, two sources said, which could reduce reliance on the US dollar as geopolitical tensions rise. The initiative to link BRICS digital currency to potentially bypass the US dollar can irk Donald Trump, […]