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Monday, May 6, 2024
TopicRBI

Topic: RBI

Why homeowners are celebrating RBI’s latest order to banks on asset-related papers

Central bank has issued new rules regarding quick release of loan-related asset documents, which are expected to benefit borrowers, especially homeowners.

Why Indians are racking up huge credit card bills — stagnant or shrinking incomes, higher spending

New Delhi: A combination of stagnant or decreasing incomes, rising expenditure, a profusion of credit cards and ‘Buy Now-Pay Later’ (BNPL) offers has resulted...

Return borrowers’ property papers within 30 days of repayment or pay compensation: RBI to banks

Failing to comply with the direction, Regulated Entities (REs) would compensate the borrower at the rate of Rs 5,000 for each day of delay, RBI said in a notification.

Indian rupee can become global reserve currency. But Modi govt must bring reforms for that

India must offer the rest of the world sizable amounts of safe, readily available, and convertible assets that could be used as collateral in financial markets.

Haryana losing sheen for industry? Why state was ranked among bottom 5 by RBI in key economic metric

According to Reserve Bank of India report, Haryana — home to growing industry hub Gurugram — attracted only 1% of bank-assisted projects sanctioned in 2022-23.

Vegetable price inflation to decline from September, says RBI governor

Although core inflation in India remains elevated, steady easing over the last few months indicates that monetary policy transmission is happening, Shaktikanta Das said.

Banks’ home loan portfolios set to feel the stress. RBI must devise measures

The economy is facing a rising interest rate cycle for the first time in several decades. This is likely to pinch the retail loan segment.

Finance Ministry says inflationary pressures need greater vigilance by govt and RBI

The ministry's comments come weeks after data showed retail inflation in July rose to its highest in 15 months, as vegetable and cereals prices skyrocketed.

RBI’s new guidelines regulates penal charges by banks

The RBI observed that many lenders charge penal rates over and above the applicable interest rate on loans in case of defaults that breach the terms of credit facilities.

Muted tax collection in Q1 of FY24 widened fiscal deficit, govt focus still on capex

Central govt's capital expenditure has seen strong growth. State finances present an encouraging picture with better tax revenue collections & improved capex spending.

On Camera

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.