RBI Plans Quarterly Reset Of Floating Rate Loans From 2027
The RBI has proposed resetting floating-rate loans at least once every three months, so repo rate changes reach borrowers faster…
Section
Category: Fintech & Banking
Banking, RBI, UPI, payments and fintech news.
RBI Closes FCNR(B) Deposit Window Early as Inflows Cross $52 Billion
The RBI will stop accepting fresh FCNR(B) deposits under its special window on August 31, a month early, after inflows…
RBI Asks Rating Agencies to Stop Calling It Bank Deposit Regulator
The RBI has asked credit rating agencies to stop presenting it as the regulator of bank deposits, to avoid misleading…
FCNR(B) Hedging Costs Could Cost RBI $9-12 Billion
Key takeaways Reports estimate the RBI could face $9 billion to $12 billion in hedging costs. The bill relates to…
RBI Bans Phone Locking for Most Loan Defaults From 2027
The RBI has restricted lenders from remotely locking phones, tablets and laptops over loan defaults, with device-financing loans the main…
Govt Launches One-Time Foreign Asset Disclosure Scheme for Taxpayers
India has opened a one-time foreign asset disclosure window letting taxpayers report unreported overseas assets and income through two routes.
SBI Overseas Bonds Draw $2.46B in Orders
Key takeaways State Bank of India raised $500 million from overseas investors. The bond carries a 5.25% yearly coupon, or…
Bank of Baroda Bonds Raise $700 Million in Two Tranches
Key takeaways Bank of Baroda has completed a $700 million bond issue. The debt has two parts, with three-year and…
India’s Bank Deposits Grow 15.4% as NRI Dollar Inflows Cross $37 Billion
Bank deposits grew 15.4% to a decade high as NRI dollar inflows crossed $37 billion, shifting the deposit mix toward…
Equitas Universal Bank License Plan: Why It Will Move Slowly
Key takeaways Equitas Small Finance Bank says it will take a careful path toward a universal bank license. A universal…