The Reserve Bank of India(RBI) is expected to come up with a mechanism for e-commerce marketplaces to submit their reports proving compliance with the FDI guidelines. According to the FDI norms by the Department for Promotion of Industry and Internal Trade (DPIIT),an e-commerce marketplace entities are required to furnish a certificate along with a report… Continue reading Compliance of FDI norms: RBI to unveil report submission mechanism soon
Tag: RBI
RBI board finalises ‘Utkarsh 2022’
The Reserve Bank of India (RBI) board has finalised a three year roadmap named as Utkarsh 2022. The objective of the policy is to improve regulation and supervision of the central bank. RBI has said that this strategy is in line with the global central banks decision to strengthen the regulatory and supervisory mechanism by… Continue reading RBI board finalises ‘Utkarsh 2022’
Financial system has surplus liquidity
Finance Minister and RBI Governor has met for the customary post-budget meeting. The RBI Governor has said that the system has sufficient liquidity and the Union Budget has made provisions to ease the NBFC crisis. In the Budget,the Government has announced a one-time six-month partial credit guarantee window to cover up 10% of losses that… Continue reading Financial system has surplus liquidity
Budget Briefs: RBI can supersede NBFC board
The government has decided to strengthen regulatory authority of Reserve Bank of India (RBI) over non-banking financial companies (NBFCs). Finance Minister has said that the RBI will now be the regulator of Housing finance companies(HFC) replacing the National Housing Bank(NHB). According to the Finance Bill,2019,RBI can now remove the director of an NBFC and even… Continue reading Budget Briefs: RBI can supersede NBFC board
RBI sets up panel to review CICs
The Reserve Bank of India(RBI) has set up a working group to review the regulatory and supervisory framework for core investment companies (CIC). The working group will examine (a)regulatory framework (b)enhance onsite and offsite surveillance of these companies (c)suggest changes in registration criteria including the practice of multiple CIC within a group and (d)other such… Continue reading RBI sets up panel to review CICs
Govt may enhance RBI powers for better supervision of NBFCs
The government is considering a proposal from the Reserve Bank of India(RBI) seeking more powers to improve its regulatory and supervisory mechanism for non-banking financial companies(NBFCs). This proposal came after RBI had called for greater surveillance on large entities in India’s Non-banking financial companies(NBFC) as their failure could lead to losses that are similar to… Continue reading Govt may enhance RBI powers for better supervision of NBFCs
Low oil price, food supply kept inflation low:Viral Acharya
The outgoing deputy governor of RBI has credited flexible inflation targeting,low crude prices and efficient food supply management for successful taming of inflation in recent years. The RBI has shifted to a flexible inflation targeting with a headline target of 4 percent(+/- 2 percent) when the Monetary Policy Committee (MPC) was instituted in 2016. He… Continue reading Low oil price, food supply kept inflation low:Viral Acharya
Need to push up savings rate to achieve new growth trajectory: Former RBI deputy governor
Former Reserve Bank of India Deputy Governor has said that there is a need to increase savings and investment rate to move India to a new growth trajectory in the future. He said that Indian growth accelerations since Independence is clearly associated with consistent trends of increasing domestic savings and investment over the decades. But… Continue reading Need to push up savings rate to achieve new growth trajectory: Former RBI deputy governor
RBI allows ARCs to buy financial assets from peers
The Reserve Bank of India(RBI) has allowed asset reconstruction companies (ARCs) to acquire financial assets from other ARCs in a bid to accelerate timely resolution of stressed assets. Earlier,ARCs could acquire financial assets from other ARCs only when they had some exposure to the asset that was being bought. However,the transfer of assets by one… Continue reading RBI allows ARCs to buy financial assets from peers
NPAs down, credit growth picking up: RBI
The Reserve Bank of India has released the Financial Stability Report. The report assessed that India’s financial system remains stable in the backdrop of improving resilience of the banking sector.However,the emerging trends in the global economy and geopolitical environment pose challenges. The report has said that the Gross non-performing assets in the banking system have… Continue reading NPAs down, credit growth picking up: RBI
