Indian Non-Banking Financial Companies (NBFCs) saw a highest growth (10 per cent) among the NBFI economic categories, said M Rajeshwar Rao, Deputy Governor, Reserve Bank […]
Tag: rbi
RBI asks banks and NBFCs to reveal more details to retail and MSME borrowers
The Reserve Bank of India (RBI) has decided to mandate all Retail Entities (REs) to provide the ‘Key Fact Statement’ (KFS) to the borrowers for […]
AU Small Finance Bank appoints HR Khan as part-time Chairman
AU Small Finance Bank (SFB) has appointed Reserve Bank of India’s (RBI) former Deputy Governor HR Khan as part-time Chairman. In an exchange notification, the […]
CCI gives consent to proposed merger of Fincare SFB with AU SFB
The Competition Commission of India (CCI) has approved the proposed merger of Fincare Small Bank into AU Small Finance Bank. The approval for the merger […]
RBI revises guidelines for Small Finance Banks
The Reserve Bank has raised the minimum capital requirement for Small Finance Banks (SFBs) to Rs 200 crore and permitted payments bank to upgrade as […]
RBI asks Federal Bank to submit new names for CEO’s post
The Reserve Bank of India (RBI) has asked Federal Bank to submit a fresh proposal comprising two fresh names for the position of Managing Director […]
RBI releases notification for dividend declaration by banks
The Reserve Bank of India (RBI) yesterday came out with a notification on declaration of dividend by banks and remittance of profits to head office […]
RBI grants three additional months to banks and NBFCs to adopt new regulations
The Reserve Bank of India (RBI) has granted three additional months to banks and Non-Banking Financial Companies (NBFCs) up till 1st April, 2024, for executing […]
RBI proposes to bring foreign correspondents
The Reserve Bank of India (RBI) has proposed to bring a new category of money changers, to be called foreign correspondents, who would conduct the […]
RBI introduces Card-on-File Tokenisation (CoFT) via banks
The Reserve Ban k of India (RBI) has introduced Card-on-File Tokenisation (CoFT) facility through banks. A recent circular from RBI read, “It has been […]