Reserve Bank of India credit policy announced on 29th April 2008, keeps repo rates unchanged but CRR is hiked by 25 bps to 8.25% ...For Full Text click here The Reserve Bank of India on 28th April 2008 released the document “Macroeconomic and Monetary Developments in 2007-08” to serve ...
The said IMF report highlights several risks of SRT transactions. First of all, it states, basis anecdotal evidence, that banks are providing funding to credit funds for buying tranches of SRT deals of other banks, thereby implying that the risks are eventually within the banking system. It als...
RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome 05-12-2024 RBI MPC Meeting: When and where to watch Governor Shaktikanta Das’ policy announcement Gold price today: Rates dip ahead of RBI policy decision, US payrolls data;...
The RBI isalso runningpilot experiments with using the Central Bank Digital Currency (CBDC) to provide credit to tenant farmers, who often struggle to access agricultural credit as they do not have the land title to submit to banks or lending institutions. The PM also referred to an unnamed e...
An online aggregator license from the RBI enables a company to operate as a payment aggregator, facilitating online payment services for merchants and customers. A payment aggregator is an intermediary that enables merchants to accept various payment methods (credit/debit cards, net banking, UPI, etc...
Highlights: The average contribution of retail loans to overall credit growth was much higher than industrial/services sectors credit both during and after the COVID period. Empirical assessment of the retail credit cycle suggests that the ongoing ‘retail-shift’ is cyclical and not permanent. Among...
Firewall Policy In this section, we will examine how the Database Firewall component of AVDF can help address the requirements outlined in the RBI Guidelines. 4.1. Network Segmentation RBI Guidelines recommend multiple layers of defense, known as defense in depth and highlights that at the ...
have been paying a price for the stand-off between officials in the finance ministry and the finance minister on one side and the central bank on the other side on policy issues. Viewed in this context, the highlights from Dr Subbarao's book, quoted so far in the media, do not come as...
It has also launched a credit line on UPI for improving payments and banking experience for customers. GenAI-powered VRM is a first-of-its-kind initiative in the Indian banking sector. It provides real-time information about the products and services of the bank. ...
By March 31, 2026, UCBs must gradually adhere to the RBI's Priority Sector Lending (PSL) target of 75% of adjusted net bank credit (ANBC) or the credit equivalent amount of off-balance sheet exposure (CEOBSE). Based on their Tier-I capital, UCBs are required to follow prudential expos...