RBI
-
Opportunity India Desk Jul 28 2022 - 5 min readThe Reserve Bank of India (RBI) has issued a discussion paper for banks and financial institutions on climate risk and sustainable finance. The apex bank has suggested ways to cope with risks arising from climate change. Banks and financial entities can give their comments on the recommendations by September 30, the central bank said ...
-
Opportunity India Desk Jul 27 2022 - 3 min readThe Reserve Bank of India has allowed the Piramal Enterprises to start non-banking finance company (NBFC) operations. The bank has provided it a licence for initiating an NBFC but not accepting public deposits. “The RBI has granted a certificate of registration to the company to commence the business of non-banking financial institution without accepting ...
-
Opportunity India Desk Jul 19 2022 - 3 min readUnion Minister of State for Finance Bhagwat Karad said that the beneficiary count has dropped 37 per cent from a mere 473 in the financial year 2020-21 to 298 in FY22 as the INR 20,000 crore Credit Guarantee Scheme for Subordinate Debt (CGSSD) launched in 2020 is yet to attract a sizeable number of potential ...
-
Opportunity India Desk Jul 14 2022 - 3 min readAs the Reserve Bank of India (RBI) has relaxed norms and allowed banks to raise foreign currency non-resident (FCNR) and NRE deposits from non-resident Indians (NRIs) till October 31, 2022, Several banks like SBI, ICICI Bank, HDFC Bank and IDFC First Bank have raised interest rates on FCNR deposits. The RBI had last week ...
-
Priyanka Tanwer Jul 13 2022 - 3 min readThe Reserve Bank of India (RBI) has imposed fine of INR 1.67 crore on Ola Financial Services Private Limited for non-compliance with certain provisions of the Master Directions on Prepaid Payment Instruments (PPIs) and the Master Direction – Know Your Customer (KYC) Direction. “The Reserve Bank of India (RBI) has imposed monetary penalty of ...