The Deputy Governor of RBI Swaminathan Janakiraman says that the ARCs are becoming a warehouse of the stressed assets while the original lenders continue to handle collection
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The implementation of the draft guidelines, if carried out in its current form, is anticipated to have limited impact on NBFCs excluding NBFC-IFCs as Tier 1 Capital is expected to reduce by up to 83 bps over 3 years.
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Central bank norms allow full-fledged money changers to obtain their normal business requirements of foreign currency notes from other full-fledged money changers and authorised dealers in India
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Last month, the heads of four European banks met with top RBI officials.
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In a regulatory filing to the stock exchanges, the financial services company said that the finalisation and the subsequent consideration and approval of the financial results for the quarter and year ended 31 March 2024, shall be extended beyond 30 May 2024.
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Major central banks are awaiting decisive signals of inflation easing and growth softening to cut rates
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According to the latest data released by the Reserve Bank of India (RBI), India's foreign currency assets (FCA), the biggest component of the forex reserves, rose by USD 3.361 billion to USD 569.009 billion
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SBI report says, dividend is estimated to ease fiscal deficit by 30 to 40 bps from the budgeted level of 5.1 per cent of GDP for FY25
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The recent collapse of FTX and Binance exposed the limitations of the country specific rules/bans and grave risks they entail
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The OECD expects India to sustain real GDP growth through enhanced business confidence and substantial investments
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