RBI reviews FEMA to boost cross-border INR transactions
The Reserve Bank of India, in collaboration with the central government, has reviewed current regulations under the Foreign Exchange Management Act, 1999.
The Reserve Bank of India, in collaboration with the central government, has reviewed current regulations under the Foreign Exchange Management Act, 1999.
There has been a significant increase in jobs from 471.5 million in 2014-15 to 643 million in 2023-24, according to provisional estimates from the RBI’s KLEMS database.
India’s banking sector is grappling with a significant liquidity crunch, one that threatens not only financial stability but also the broader economy.
India's foreign exchange reserves fell by $5.7 billion to $634.59 billion for the week ended January 3, data released by the Reserve Bank of India (RBI) on Friday showed.
The Reserve Bank has lifted its ban on the 'sanction and disbursal of loans' by Asirvad Micro Finance and DMI Finance Pvt Ltd, in a big relief to the two microfinance companies, according to an RBI circular issued on Wednesday.
Bank trade unions and other critics say, with evidence that is difficult to deny, that the bad bank is going to be one more route to help corporate and other big loan evaders. The course involves a corporate entity borrowing money from the bank, then becoming insolvent after some time and defaulting on the loan, leading the bank to sell the assets dirt cheap to another corporation
Concerns about the readiness of CoF (card-on-file) tokenisation were expressed by all players in the payment ecosystem. Payment difficulties and revenue losses were also a concern for merchants.
The Reserve Bank of India (RBI) decided to keep benchmark interest rate unchanged at 4 per cent. This is the eighth time in a row.
The RBI said that given the existing liquidity overhang, absence of a need for additional borrowing for GST compensation.
HDFC Bank in a bulk message to customers said as per RBI guidelines on e-Mandate on cards, the bank will decline non-compliant recurring transaction.
