RBI nod to special committee to oversee operations at Ujjivan SFB
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The Reserve Bank has given its go-ahead to Ujjivan Small Finance Bank (SFB) to form a special committee of directors to oversee operations in the absence of an MD and CEO.
The Reserve Bank of India (RBI) in a letter dated September 15, 2021, has approved th
Srei Infra CEO Rakesh Bhutoria steps down on salary issue: Company filing
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Srei Infrastructure Finance (Srei) on Wednesday said its chief executive officer (CEO) Rakesh Kumar Bhutoria has resigned, mainly on account of the salary payment issue that has impacted team morale
Mastercard ban: RBL Bank restarts credit card issuances with rival Visa
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Two months after getting hit by the regulatory ban on Mastercard, private sector lender RBL Bank on Wednesday restarted credit card issuances on rival Visa's payment network.
The Reserve Bank of India had banned Mastercard from issuing any new cards on July
Rupee inches 2 paise higher at 73.66 against US dollar in early trade
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The Indian rupee opened on a flat note and inched higher by 2 paise to 73.66 against the US dollar in opening trade on Wednesday.
The domestic unit was trading in a narrow range as the US dollar regained strength ahead of the release of US inflation data. Mo
YES Bank, six others settle case with Sebi; pay Rs 1.65-crore
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The six persons were either a member of the Reputational Risk Management Committee (RRMC) or part of the decision making process in relation to the disclosures made on February 13, 2019
Microfinance loan portfolio rises 4.2% to Rs 2,37,369 cr as of June-end
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The microfinance industry's gross loan portfolio (GLP) rose 4.2 per cent to Rs 2,37,369 crore as of June 30, 2021, compared with Rs 2,27,727 crore as of June 30, 2020, according to a MFIN report
Madras HC withdraws its order on bumper-to-bumper insurance cover
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The judge hoped and trusted the lawmakers would look into this aspect and examine the need for suitable amendment in the Act relating to wide coverage of vehicles so as to protect the innocent victims
RBI and Singapore central bank to link payment systems by July 2022
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The RBI and MAS hope to complete the linkage by July 2022 «on a reciprocal basis without a need (for users) to get onboarded onto the other payment system».
Rupee rises 7 paise to 73.61 against US dollar in early trade
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The Indian rupee appreciated 7 paise to 73.61 against the US dollar in opening trade on Tuesday, tracking a positive trend in domestic equities and sustained foreign fund inflows
Trust between govt and industry critical, says FM Nirmala Sitharaman
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Sitharaman encouraged continuous feedback and inputs from India Inc, and said discussions with industry had enabled the government to take a series of actions as the pandemic situation evolved
NFRA to set up single stakeholders' advisory group, research cell
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NFRA will set up a single stakeholders' advisory group as well as a research cell to support the group while on-site inspection is not a priority for the nearly three-year-old watchdog at this stage
6 entities complete test phase in 'First Cohort' under Regulatory Sandbox
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The Reserve Bank on Monday said six entities have completed the test phase in the 'First Cohort' under the Regulatory Sandbox scheme with retail payments as theme
Forex reserves rise $8.895 billion to record high of $642.453 billion
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The country's foreign exchange reserves increased by $8.895 billion to reach a record high of $642.453 billion in the week ended September 3, RBI data showed
Indian banks' improved performance in contrast to stress from Covid: Fitch
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Indian banks' improved performance for the financial year ended March 2021 is in contrast to the stress evident from extension of Covid-19-related relief measures to borrowers, Fitch Ratings has said.
