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NEWS
RBI plans curbs on suspect bank accounts to fight cyber fraud
Fri, Apr 26, 2024     Source : Economic Times
India's central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three source...
NEWS
Fall in call market volume raises concerns over pricing of MIBOR, other instruments
Thu, Apr 25, 2024     Source : Economic Times
At meetings with officials of the Reserve Bank of India (RBI), money market participants have flagged the issue of dwindling volumes in the interbank call money market and the impact on financial instrumen...
NEWS
Government approves one-year extension to RBI Deputy Governor Rabi Sankar
Thu, Apr 25, 2024     Source : Business Standard
The Appointments Committee of the Cabinet has approved the re-appointment of T Rabi Sankar, Deputy Governor Reserve Bank of India, for a period of one year with effect from May 3, 2024, they said
NEWS
RBI bars Kotak Mahindra Bank from adding new customers; Is your money in the bank safe?
Thu, Apr 25, 2024     Source : Mint
Kotak Mahindra Bank has been directed by the Reserve Bank of India (RBI) to cease onboarding new customers through its online and mobile banking channels and issuing fresh credit cards from immediate effec...
NEWS
RBI economists cautious as inflation risks linger
Wed, Apr 24, 2024     Source : Economic Times
Even as the Indian economy is in a sweet spot with growth rate averaging 8 percent in the first three quarters of FY'24 and inflation coming off its peak closer to the target at 4.9 percent in March, the R...
NEWS
PayU gets RBI's in-principle approval to operate as payment aggregator
Wed, Apr 24, 2024     Source : Business Standard
The company said it can start onboarding new merchants on its platform with the in-principle approval
MUTUAL FUNDS NEWS
Hybrid mutual funds stage comeback; see Rs 1.45 lakh crore inflows driven by arbitrage investments
Tue, Apr 23, 2024     Source : Economic Times
Hybrid mutual fund schemes have seen a resurgence in 2023-24, garnering Rs 1.45 lakh crore in investments, driven by substantial inflows into the arbitrage category, following withdrawals in the previous f...
NEWS
Inflation sustainably moving towards RBI target enough for a rate cut: Ashima Goyal
Mon, Apr 22, 2024     Source : Economic Times
Consumer price index (CPI) inflation does not have to touch the Reserve Bank of India's 4% target, but sustainably move towards that mark for interest rates to be lowered, Ashima Goyal, external member of ...
NEWS
Track fishy transactions, RBI tells payment firms
Mon, Apr 22, 2024     Source : Economic Times
The Reserve Bank of India has directed all regulated payment companies to track highvalue or suspicious transactions during the course of general elections, according to multiple senior executives in the k...
NEWS
RBI MPC Minutes: Price stability to set foundation of high growth, food inflation risk elevated
Sat, Apr 20, 2024     Source : Mint
The Reserve Bank of India (RBI) released the minutes of the Monetary Policy Committee (MPC) meeting on Friday, April 19,
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