RBI Bars Banks, NBFCs from Selling Stressed Assets Back to Defaulting Borrowers
The Reserve Bank of India (RBI) has barred banks, non-banking financial companies (NBFCs), and other regulated entities from selling acquired…
Section
Category: Fintech & Banking
Banking, RBI, UPI, payments and fintech news.
FCNR scheme could draw $70-80 billion from NRIs
Key takeaways FCNR scheme could bring in $70-80 billion from non-resident Indians, or NRIs. An FCNR scheme is a bank…
RBI overseas deposit scheme may bring $30 billion to PSBs
RBI overseas deposit scheme could help India’s public sector banks raise about $30 billion from Indians living abroad, according to…
SBI Mobilizes $1.9 Billion Under RBI Hedging Scheme in June
SBI mobilized $1.9 billion in June under the RBI hedging scheme, boosting foreign currency inflows and forex risk management for…
RBI board governance norms: what changes on October 1
India’s central bank has reset RBI board governance norms for commercial banks, urban co-op banks, and some finance firms from…
Digital euro rules move ahead as EU eyes 2029 launch
Key takeaways The EU has started formal talks on digital euro rules. Officials are discussing how a state-backed digital euro…
RBI Requires Banks to Strengthen Reporting on Overseas Investment Vetting
The Reserve Bank of India (RBI) has directed banks to strengthen oversight of overseas investment transactions by requiring more detailed…
Indian Bank Targets $2 Billion in NRI Deposits Under RBI’s Temporary Rule
Indian Bank aims to raise $2 billion (around ₹17,000 crore) in NRI deposits, using an RBI relaxation that allows higher…
Mobile-first netbanking: Razorpay and NBBL team up
Mobile-first netbanking is a phone-friendly way to pay from your bank account at checkout. Razorpay and NBBL have launched it…
Japan-India in talks of direct yen-rupee settlement, reports
In a major step toward de-dollarizing their bilateral trade, India and Japan are finalizing a local-currency settlement framework that will…