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The country’s Apex Bank, Reserve Bank of India (RBI) might take a fresh look at its long-standing caps for foreign ownership of government debt as lumpy inflows expected over the next couple of years due to global bond index inclusion alter a critical landscape for the Centre’s debt manager.  Here are the details: In March

RBI likely to Raise Foreign Cap through Dollars

The country’s Apex Bank, Reserve Bank of India (RBI) might take a fresh look at its long-standing caps for foreign ownership of government debt as lumpy inflows expected over the next couple of years due to global bond index inclusion alter a critical landscape for the Centre’s debt manager.  Here are the details: In March

Nearly two years after introducing a revised regulatory framework for non-banking finance companies, the Reserve Bank of India is set to review the categorisation of NBFCs in 2024. According to sources aware of the matter, the review has become necessary given the NBFCs growth, their business models and the significant change in their operations from

RBI may move some NBFCs to the ‘top layer’ this year

Nearly two years after introducing a revised regulatory framework for non-banking finance companies, the Reserve Bank of India is set to review the categorisation of NBFCs in 2024. According to sources aware of the matter, the review has become necessary given the NBFCs growth, their business models and the significant change in their operations from

The Regualtor, Reserve Bank of India has approved the merger of Fincare Small Finance Bank with AU Small Finance Bank which shall be effective w.e.f 1st April 2024. Bank Merger Update Once again there is going to be a merger of banks in the country. Reserve Bank of India has said that from April 1,

Bank Merger

The Regualtor, Reserve Bank of India has approved the merger of Fincare Small Finance Bank with AU Small Finance Bank which shall be effective w.e.f 1st April 2024. Bank Merger Update Once again there is going to be a merger of banks in the country. Reserve Bank of India has said that from April 1,

The Reserve Bank of India, has advised banks and non-banks to permit their customers to decide on the credit card network.  This means, credit card issuers, especially those with a large customer base, will have to enter into tie-ups with multiple card networks.  Current Scenario Presently the choice of network for a card issued to

RBI’s Instructions to Card Issuers

The Reserve Bank of India, has advised banks and non-banks to permit their customers to decide on the credit card network.  This means, credit card issuers, especially those with a large customer base, will have to enter into tie-ups with multiple card networks.  Current Scenario Presently the choice of network for a card issued to

New KYC updation process soon? Banks are working on strengthening their KYC (Know Your Customer) standards by adding extra verification layers to identify accounts and account holders. This initiative is being discussed with the Reserve Bank of India (RBI) and the government. The plan includes updating all existing accounts, especially those with a single phone

Soon, banks to add additional KYC verification layers; check details

New KYC updation process soon? Banks are working on strengthening their KYC (Know Your Customer) standards by adding extra verification layers to identify accounts and account holders. This initiative is being discussed with the Reserve Bank of India (RBI) and the government. The plan includes updating all existing accounts, especially those with a single phone