Manappuram Finance shares tank 16% on RBI action against subsidiary
NBFC says it will do a comprehensive review of enterprise-wide governance, risk management and regulatory compliance before submitting it to RBI
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RBI issues new directions for IT governance in banks, NBFCs
New RBI rules will cover strategic alignment, risk, resource, and performance management, and business continuity or disaster recovery management
RBI imposes ₹5.39 cr fine on Paytm Payments Bank; stock falls
Paytm says action based on deficiencies in regulatory compliance and not intended to pronounce upon validity of any transaction with customers
Safe deposit locker rules: RBI extends deadline for banks to renew agreements
RBI says since many are yet to sign revised documents, banks must complete the process in a phased manner by Dec 31, 2023.
Licences of 8 NBFCs, a credit ratings agency cancelled
FinMin last month said that to tighten the noose around platforms operating illegally, RBI will monitor ‘mule/rented’ accounts that may be used for money laundering, and will cancel dormant NBFCs.
High inflation, declining forex forces RBI to hike rates
While a majority of indices tanked today due to rate hike by RBI, LIC IPO was saved from dampening spirit of the Indian stock markets in the nick of time.
RBI hikes repo rate by 40 bps in surprise MPC meet
The monetary panel has decided to retain its accommodative stance from its meeting in April, with an eye accommodation withdrawal.
Eye on inflation, RBI goes after liquidity with Standing Deposit Facility
Governor Shaktikanta Das has said that RBI will undertake a gradual, multi-year exercise to withdraw the ₹8.5 lakh crore liquidity overhang in the economy.
