RBI
Economy
Misuse of asset reconstruction firms to fast track insolvency process: RBI
Asset reconstruction companies (ARCs) are being misused by "tainted" promoters to enter the bankruptcy process after leading their firms to ......
Finance
Some asset reconstruction firms circumventing rules, says RBI deputy governor
Some Indian asset reconstruction companies (ARCs) have been circumventing regulations and have allowed themselves to be used for the evergreening ......
Finance
Rupee bucks trend against declining Asian currencies, rises to 2-month high
The Indian rupee rose to a two-month peak on Friday, boosted by likely strong dollar inflows into domestic equities even as most ......
Finance
RBI bars Kotak Mahindra from taking new clients online due to IT deficiencies
India's central bank said on Wednesday it had barred Kotak Mahindra Bank from taking on new customers via its online ......
TMT
Govt defers nod for Paytm's investment in its payments arm
India has deferred approval of Paytm’s 500 million rupee ($6 million) investment in its Paytm Payment Services arm in part ......
Economy
Govt to mull panel for tackling systemic risks in derivatives market amid high demand
India's top financial regulators will form a committee to assess stability risks emerging from a surge in derivatives markets and ......
Economy
RBI holds key rate steady on robust growth, above target inflation
The Indian central bank's key interest rate was kept unchanged for a seventh straight policy meeting on Friday as growth ......
Markets
Rupee falls to record low, RBI likely steps in
The Indian rupee hit a record low on Wednesday on aggressive dollar bids by local oil companies, importers and equity-related ......
Finance
RBI eases recently tightened rules for investments by banks, NBFCs in AIFs
India's central bank on Wednesday eased its recently tightened rules that mandated lenders set aside higher provisions if they have ......
Finance
Fairfax commits $200 mn to IIFL Finance after RBI ban on gold loans
Fairfax India Holdings Corporation, led by Indian-born Canadian billionaire Prem Watsa, has committed $200 million in liquidity support to IIFL ......
