Illustration: Ajay Mohanty The Reserve Bank of India (RBI) has launched an investigation into Google Play’s billing system over alleged violations of the Payments and Settlements Systems Act, said people aware of the development, requesting anonymity. The probe follows a complaint lodged by Kolkata-based Hoichoi Technologies. The complaint pertains to the operation… Continue reading Google Play billing system comes under RBI scanner over alleged violations | Company News
Tag: RBI
How the RBI is minting a new nationwide currency logistics framework | Finance News
Mint Road’s refined currency management system has led to a marked fall in its holding pens. The number of currency chests (CCs) in the country stands at 2,838 in FY23 from 3,812 in FY19 while that of coin depots is at 2,293 (3,519). This follows the Reserve Bank of India (RBI) revamping its… Continue reading How the RBI is minting a new nationwide currency logistics framework | Finance News
The RBI way of firefighting | Expert Views
Are the shadows lengthening on India’s shadow banking industry? The hard fact is that the regulator has changed the way it approached supervision in the past. Having seen two large houses gutted, it is focusing on regular drills to prevent a fire from breaking out Ahead of Holi, the festival of… Continue reading The RBI way of firefighting | Expert Views
RBI may continue to hold rate amid concern over inflation: Experts
The Reserve Bank is likely to continue with the pause on the key interest rate at its upcoming monetary policy review, as concerns on the inflation front and keeping the borrowing cost stable to maintain the economic growth momentum persist, said experts. The RBI Governor-headed six-member Monetary Policy Committee’s (MPC) meeting is scheduled… Continue reading RBI may continue to hold rate amid concern over inflation: Experts
Bank credit growth to MSMEs decelerates on y-o-y in Q1, finds RBI data
Bank credit growth to Micro, Small and Medium Enterprises (MSMEs) has decelerated on a year-on-year basis in the first three months of the current fiscal, according to Reserve Bank data. Players in the MSME sector, the backbone of domestic industry and largest employer, said risk averseness makes banks reluctant to provide loans to… Continue reading Bank credit growth to MSMEs decelerates on y-o-y in Q1, finds RBI data
Markets to focus on Q1 earnings, RBI interest rate this week: Analysts
The RBI interest rate decision, industrial production data for June and the ongoing quarterly earnings from corporates would largely drive the stock markets this week, analysts said. Other major factors such as global market trends, the movement of oil prices and the trading activity of foreign investors would also influence trading, they added.… Continue reading Markets to focus on Q1 earnings, RBI interest rate this week: Analysts
Mutual Fund's overseas holdings decline 13.5% in FY 2023: RBI report
Investments stood at $5.6 bn in March 2023, against $6.5 bn a year ago Source link
RBI intervention to keep rupee in tight range, analysts say: Poll
The Indian rupee will trade in a narrow range over the coming three months and then strengthen slightly in a year as the Reserve Bank of India uses its vast foreign exchange reserves to keep the currency stable, a Reuters poll found. Expected volatility in the rupee over the next three months was… Continue reading RBI intervention to keep rupee in tight range, analysts say: Poll
RBI approved 34 applications from Russian banks for vostro accounts: Govt
The Reserve Bank of India (RBI) has approved 34 applications from different Russian banks for opening special rupee vostro accounts in 14 Indian commercial lenders as of July 2, Parliament was informed on Wednesday. India’s trade with Russia has been affected by difficulties in payment due to western countries’ sanctions on major Russian… Continue reading RBI approved 34 applications from Russian banks for vostro accounts: Govt
Services, retail demand keeps credit offtake robust in June: RBI data
The pace of credit offtake continued to be robust in June 2023, with sectors clocking year-on year (YoY) growth of between 8.1 per cent and 26.7 per cent. Reserve Bank of India (RBI) data showed the services sector clocked a pace of 26.7 per cent in June against 12.8 per cent a year… Continue reading Services, retail demand keeps credit offtake robust in June: RBI data