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PMC Bank Scam: Depositors await clarity on withdrawals even after 2 years
Around 1 lakh depositors of PMC bank are expected to get the benefit from the amendment to the DICGC Act.
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RBI's data clause: Payment gateways seek exemption
Authorised card operators will be allowed to store credit and debit card details but they won't be able to use the same for auto-checkout.
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India’s purchase of US treasury bonds goes up by 10% in Q1FY22
The US treasury data shows that as of June India had treasury securities worth $220 billion, up from $200 billion in March
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Small finance banks serving priority sector profitably: RBI
The study contains an initial assessment of the performance of SFBs for early policy inputs
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Invest up to 25% of money in these assets post RBI monetary policy outcome
RBI’s decision to maintain the status quo keeping the repo rates unchanged at 4% indicates a continuation of its accommodative stance
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RBI eyes phased introduction of CBDC: Deputy governor Sankar
The deputy governor said that several legal frameworks would also need to be considered before launching a CBDC
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RBI launches its quarterly industrial outlook survey
RBI also announced the launch of the next round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the ongoing quarter
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Recast loans at non-banks may double by this fiscal-end
Restructured book for NBFCs is expected to be 4.1-4.3% as of March 2022 (as against 2.2% in March 2021), according to ICRA
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Rising crude oil prices pose upside risk to inflation
The government is confident that a normal monsoon and further opening up of the economy will ease inflationary pressures
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Foreign exchange reserves up $99.2 bn in FY 2020-21: RBI
The valuation gain, reflecting the depreciation of the US dollar against major currencies, amounted to $11.9 billion during 2020-21
