Central Bank of India
Kotak Barred from Adding Online Clients, Issuing Credit Cards: Kotak Mahindra Bank Ltd., India’s fourth-largest lender by market value, has been barred from ...
bloomberg.com/news/articles/2024-04-24/kotak-barred-from-adding-online-clients-issuing-credit-cards
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Quick Glance: RBI restricts Kotak Bank from online customer onboarding, issuing new credit cards
- The RBI directed Kotak Mahindra Bank to halt onboarding new customers through online and mobile banking channels and suspend issuing new credit cards immediately.
- Significant deficiencies and non-compliances in the bank's IT risk management and information security governance for 2022 and 2023 were highlighted by the RBI.
- The bank was found to be materially deficient in operational resilience and was instructed to enhance its IT systems to protect customers and the financial ecosystem.
- Historically, the RBI has enforced similar measures on other banks to ensure regulatory compliance, such as suspending customer onboarding and new credit card issuance.
India Extends Central Bank Deputy Governor Sankar’s Tenure: India has extended the tenure of T Rabi Sankar, a deputy governor at the country’s central bank ...
bloomberg.com/news/articles/2024-04-24/india-extends-central-bank-deputy-governor-sankar-s-tenor
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India's foreign exchange reserves drop to six-week low: India's foreign exchange reserves fell for a second consecutive week and stood at a six-week low of $640 ...
reuters.com/world/india/indias-foreign-exchange-reserves-drop-six-week-low-2024-04-26/
Rupee likely to inch higher at open tracking Asian peers: The Indian rupee is likely to open slightly higher on Wednesday, aided by an uptick in its Asian peers ...
reuters.com/markets/currencies/rupee-likely-inch-higher-open-tracking-asian-peers-2024-04-24/
India’s financial system has improved dramatically in the past decade : There is much more change to come
economist.com/special-report/2024/04/22/indias-financial-system-has-improved-dramatically-in-the-past-decade
Rupee to see muted reaction to US inflation flare-up: The Indian rupee is expected to open little changed on Friday, despite a pick-up in U.S ...
reuters.com/markets/currencies/rupee-see-muted-reaction-us-inflation-flare-up-2024-04-26/
Rupee recovery likely to be challenged by importers, Fed view: The Indian rupee is expected to open little changed on Tuesday on expectations that importers will ...
reuters.com/markets/currencies/rupee-recovery-likely-be-challenged-by-importers-fed-view-2024-04-23/
India's April business growth at near 14-year high, PMIs show: India's business activity expanded at its fastest pace in nearly 14 years this month thanks to ...
reuters.com/world/india/indias-april-business-growth-near-14-year-high-pmis-show-2024-04-23/
Rupee falls 3 paise to 83.36 against US dollar in early trade.#RupeeVsDollar #Indianeconomy #Dollar #Rupee
RBI releases draft guidelines for web aggregators of loan products: While LSP can adopt any mechanism to ascertain the willingness of the lenders to offer a loan ...
business-standard.com/finance/news/rbi-releases-draft-guidelines-for-web-aggregators-of-loan-products-124042600961_1.html
India Rate Setters Counting on Healthy Growth to Lower Inflation: Strong growth is allowing India’s rate-setters to maintain interest rates higher for longer to ...
bloomberg.com/news/articles/2024-04-19/india-rate-setters-counting-on-healthy-growth-to-lower-inflation
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Indian rupee opens stronger against US dollar in early trade - News | Khaleej Times
khaleejtimes.com/business/markets/indian-rupee-opens-stronger-against-us-dollar-in-early-trade
India's foreign exchange reserves declined in the week that ended on April 12, after having risen for the seventh straight week to hit an all-time high of USD ... Show more
India's forex reserves decline by $5.4 billion to hit $643 billion at end of 7-week gaining streak | Mint
India's forex reserves decline by $5.4 billion to hit $643 billion at end of 7-week gaining streak | Mint
India's Paytm Payments Bank board is independent, Paytm CEO Sharma says: The board of India's Paytm Payments Bank is independent and capable of addressing ...
reuters.com/world/india/indias-paytm-payments-bank-board-is-independent-paytm-ceo-sharma-says-2024-04-22/
Indian rupee drops to record low as risk aversion boosts dollar: The Indian rupee opened to a record low on Friday as reports of Israeli strikes in Iran prompted ...
reuters.com/markets/currencies/indian-rupee-drops-record-low-risk-aversion-boosts-dollar-2024-04-19/
Rupee may struggle on higher US bond yields, weak Asian cues: The Indian rupee is expected to broadly struggle on Thursday amid an uptick in U.S ...
reuters.com/markets/currencies/rupee-may-struggle-higher-us-bond-yields-weak-asian-cues-2024-04-25/
Outward remittances hit new high at $29 billion in April 2023-February 2024: India's Outward Remittances: In February 2024, the outward remittances stood at $2 ...
business-standard.com/economy/news/outward-remittances-hit-new-high-at-29-billion-in-april-2023-february-2024-124042300973_1.html
India's Axis Bank re-appoints Amitabh Chaudhry as MD, CEO: India's Axis Bank has re-appointed Amitabh Chaudhry as its chief executive officer and managing ...
reuters.com/business/finance/indias-axis-bank-re-appoints-amitabh-chaudhry-md-ceo-2024-04-25/
PayU receives RBI's in-principle approval for payment aggregator role: PayU RBI payment aggregator license: PayU can now on-board new merchants and provide them ...
business-standard.com/finance/personal-finance/payu-receives-rbi-s-in-principle-approval-for-payment-aggregator-role-124042400815_1.html
Exporting services: India should sustain the momentum
business-standard.com/opinion/editorial/exporting-services-124042501377_1.html
Paid articlePaid Rupee Drops to Record Low as Dollar Strength Weighs on Sentiment: The Indian rupee fell to a record low as a stronger dollar weighed on regional sentiment.
bloomberg.com/news/articles/2024-04-16/rupee-drops-to-record-low-as-dollar-strength-weighs-on-sentiment
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Extreme weather conditions may pose risk to inflation, says RBI Bulletin: Extreme weather conditions may pose a risk to inflation, along with prolonged ...
business-standard.com/economy/news/extreme-weather-conditions-may-pose-risk-to-inflation-says-rbi-bulletin-124042300695_1.html
Rupee ticks up on foreign banks' dollar sales; forward premiums slip: The Indian rupee logged modest gains in early trading on Monday on dollar sales from ...
reuters.com/markets/currencies/rupee-ticks-up-foreign-banks-dollar-sales-forward-premiums-slip-2024-04-22/
India plans curbs on suspect bank accounts to fight cyber fraud, sources say: India's central bank plans to soon change guidelines to permit banks to temporarily ...
reuters.com/business/finance/india-plans-curbs-suspect-bank-accounts-fight-cyber-fraud-sources-say-2024-04-25/
Rupee rises 12 paise to 83.49 against US dollar in early trade.#RupeeVsDollar #IndianEconomy #rupee #Dollar
Net FDI in India dips to $14.55 billion in April 2023-Februray 2024: FDI in India: In the same period last year (April 2022-February 2023), FDI inflows were at ...
business-standard.com/economy/news/net-fdi-in-india-dips-to-14-55-billion-in-april-2023-februray-2024-124042300883_1.html
India plans to curb Google, PhonePe’s dominance in mobile payments: Report : NPCI engages fintech startups to counter market dominance of PhonePe and Google Pay ...
thehindu.com/sci-tech/technology/india-plans-to-curb-google-phonepes-dominance-in-mobile-payments-report/article68075050.ece
Stocks to Watch, April 24: Axis Bk, HUL, Tata Consumer, MCX, IIFL Finance: Stocks to Watch Today on Wednesday, April 24, 2024: Axis Bank, Hindustan Unilever ...
business-standard.com/markets/news/stocks-to-watch-april-24-axis-bk-hul-tata-consumer-mcx-iifl-finance-124042400091_1.html
When the RBI listens and communicates to bring change in the system: Regulation-making has become collaborative with changes first being brought in the form of a ...
business-standard.com/opinion/columns/when-the-rbi-listens-and-communicates-to-bring-change-in-the-system-124042100640_1.html
Paid articlePaid India's income tax receipts up 17.7% yr/yr in 2023/24, near $235 bln: Income tax receipts in India, comprising personal and corporate levies, rose 17 ...
reuters.com/world/india/indias-income-tax-receipts-up-177-yryr-202324-near-235-bln-2024-04-21/
Bank of America’s Top India Trader Says Swap Market Too Hawkish: Indian rates traders have pushed back expectations for an interest-rate cut way too far and that ...
bloomberg.com/news/articles/2024-04-24/bank-of-america-s-top-india-trader-says-swap-market-too-hawkish
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India needs more banks, and RBI must wake up
deccanherald.com/opinion/india-needs-more-banks-and-rbi-must-wake-up-2991994
RBI holidays calendar 2024 and Hanuman Jayanti: Are banks shut today?: RBI holidays calendar 2024: In April, banks closed for 12 days for public and regional ...
business-standard.com/finance/personal-finance/rbi-holidays-calendar-2024-and-hanuman-jayanti-are-banks-shut-today-124042300440_1.html
REITs, InvITs mobilise Rs 1.3 trillion in past four years: RBI data: Investment vehicles for realty and infrastructure sectors -- REITs and InvITs -- have ...
business-standard.com/economy/news/reits-invits-mobilise-rs-1-3-trillion-in-past-four-years-rbi-data-124042400677_1.html
Kuwait launches Hindi radio broadcast, India lauds move - News | Khaleej Times: The Hindi programme is on FM 93.3 and AM 96.3 of Kuwait Radio every Sunday
khaleejtimes.com/world/mena/kuwait-launches-hindi-radio-broadcast-india-lauds-move
India not reaping benefits of democratic dividend, says former RBI Governor Raghuram Rajan
scroll.in/latest/1066761/india-not-reaping-benefits-of-democratic-dividend-says-former-rbi-governor-raghuram-rajan
Rupee, reserves: Calibrated approach taken by RBI in managing exchange rate: The RBI stepped up its intervention in the foreign exchange market in 2022 ...
business-standard.com/economy/news/rupee-reserves-calibrated-approach-taken-by-rbi-in-managing-exchange-rate-124041700010_1.html
Payments banks bat for new model, pin hopes on lending licence amid stress: Payments banks can receive deposits of up to ~2 lakh per
customer, but cannot lend
business-standard.com/economy/news/payments-banks-bat-for-new-model-pin-hopes-on-lending-licence-amid-stress-124042100734_1.html
Paid articlePaid RBI mandates offline payment aggregators to verify KYC for merchants: In the draft guidelines published on Tuesday, the banking regulator outlined KYC procedures ...
business-standard.com/finance/news/rbi-mandates-offline-payment-aggregators-to-verify-kyc-for-merchants-124041700787_1.html
Rupee declines 7 paise to Rs 83.51 against US dollar in early trade today.#RupeeVsDollar #IndianEconomy #Rupee #Dollar
Rupee under pressure but avoids record low on possible cenbank support: The Indian rupee fell on Monday on worries over a broader conflict in the Middle East but ...
reuters.com/markets/currencies/rupee-under-pressure-avoids-record-low-possible-cenbank-support-2024-04-15/
IIFL Finance's cenbank-directed audit starts after March gold loan ban: IIFL Finance said a special audit directed by the Reserve Bank of India (RBI) started on ...
reuters.com/world/india/iifl-finances-cenbank-directed-audit-starts-after-march-gold-loan-ban-2024-04-23/
India's exports shrink 3% in FY24 but tide is turning, says govt: India's trade deficit at 11-month low in March
business-standard.com/industry/news/india-s-exports-shrink-3-in-fy24-but-tide-is-turning-says-govt-124041500860_1.html
AIFs' large offshore investor base likely to face more restrictions: Regulators suggest change in FEMA rules to treat such funds as indirect foreign investment
business-standard.com/economy/news/aifs-large-offshore-investors-base-likely-to-face-additional-curbs-124042201033_1.html
Paid articlePaid After making insolvency process creditor-driven, can IBC address the delays: Experts point out that though the IBBI data reflects a steady rise in the total ...
business-standard.com/companies/news/after-making-insolvency-process-creditor-driven-can-ibc-address-the-delays-124041400429_1.html
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BCCI considers big pay hike for domestic players, could earn INR 10 million per season
wionews.com/sports/bcci-considers-big-pay-hike-for-domestic-players-could-earn-inr-10-million-per-season-714887
Tata Asset's Contrarian Indian Fund Manager Has a Warning for Bond Chasers: An Indian fund manager who went contrarian and sharply reduced the average ...
bloomberg.com/news/articles/2024-04-26/contrarian-indian-fund-manager-has-a-warning-for-bond-chasers
Paid articlePaid India not reaping benefits of democratic dividend, says former RBI Governor Raghuram Rajan
For more on latest news, visit The Latest - A quick look at what's making news | Scroll.in #scrollaivideos
Revolut gets RBI nod to issue Prepaid Payment Instruments in India: Revolut India on Friday said it has received an in-principle authorization from the Reserve ...
business-standard.com/companies/news/revolut-gets-rbi-nod-to-issue-prepaid-payment-instruments-in-india-124041200972_1.html
Sharp dip in rupee sparks NRI remittance surge - News | Khaleej Times: Remittance inflows to India in 2023 stood at $125 billion
khaleejtimes.com/business/economy/sharp-dip-in-rupee-sparks-nri-remittance-surge
Indian forex, bond investors eye developments in Middle East, US inflation: The currency fell 0.1 per cent in the week to end at 83.47, and the losses would have ...
business-standard.com/markets/news/indian-forex-bond-investors-eye-developments-in-middle-east-us-inflation-124042200066_1.html
ADB ups India GDP forecast to 7% for FY25 on investments, consumer demand: Supply line disruptions and weather shocks to agriculture are key risks to outlook ...
business-standard.com/economy/news/adb-ups-india-gdp-forecast-to-7-for-fy25-on-investments-consumer-demand-124041100163_1.html
Quick Glance: ADB Forecasts Developing Asia Growth at 4.9% in 2024, Risks Persist
- ADB raised its growth forecast for Developing Asia to 4.9% in 2024, highlighting ongoing challenges like escalating geopolitical tensions.
- China remains a concern for regional growth due to a prolonged property crisis and other issues.
- The ADB predicts regional inflation to decrease to 3.0% by 2025.
- Detailed GDP growth and inflation forecasts for various Asian countries were also provided.
Moody's April projection says India's GDP set to expand 6.1% in 2024: New Delhi, Apr 12 (PTI) Moody's Analytics on Friday projected India's economy to ...
deccanherald.com/business/economy/moodys-april-2024-projection-says-indias-gdp-set-to-expand-61-in-2024-2975238
Forex reserves jump $2.98 billion to new peak of $648.562 billion: RBI: India's forex reserves jumped by USD 2.98 billion to a fresh peak of USD 648 ...
business-standard.com/finance/news/forex-reserves-jump-2-98-billion-to-new-peak-of-648-562-billion-rbi-124041200759_1.html
Rupee settles at record closing low amidst escalating tensions in West Asia: However, Indian rupee on Monday performed better than the majority of the Asian ...
business-standard.com/economy/news/rupee-settles-at-record-closing-low-amidst-escalating-tensions-in-west-asia-124041500877_1.html
Rupee to struggle on worries over oil prices, weak risk: The Indian rupee is expected to be under pressure at open on Monday, possibly dipping to a new low ...
reuters.com/markets/currencies/rupee-struggle-worries-over-oil-prices-weak-risk-2024-04-15/
India Inc capital expenditure story gets cement to semiconductor push: The private capex momentum is being led by conglomerates such as Tatas ...
business-standard.com/companies/news/india-inc-capital-expenditure-story-gets-cement-to-semiconductor-push-124041100999_1.html
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Asian emerging market currencies come under pressure from strong dollar: Indonesia’s central bank supports rupiah as Indian rupee falls to record and Korean won ...
ft.com/content/3a985f06-35b5-4a56-91eb-4595fc71b0ad
IPL 2024 rich list: Rohit Sharma, Virat Kohli not the highest-earning Indian player; Pant, Jadeja form elite group
hindustantimes.com/cricket/ipl-2024-rich-list-rohit-sharma-virat-kohli-not-the-highest-earning-indian-player-pant-jadeja-form-elite-group-101713884599034.html
Paytm finishes merchant migration to new UPI ids: Here's how to activate it: Paytm is now enabled to offer UPI services through partners such as Axis Bank ...
business-standard.com/finance/personal-finance/paytm-finishes-merchant-migration-to-new-upi-ids-here-s-how-to-activate-it-124042300442_1.html
RBI proposes changes in net-worth guidelines for payment aggregators: The banking regulator has identified two major types of payment aggregators (PAs) as part ...
business-standard.com/industry/banking/reserve-bank-of-india-proposes-net-worth-norms-for-payment-aggregators-124041601201_1.html
#MintPrimer | The rupee has fallen to a new low of 83.5 against the dollar. This has wide ramifications, making exports lucrative but imports expensive ... Show more
How the rupee’s fall can impact the economy and what RBI can do about it | Mint
How the rupee’s fall can impact the economy and what RBI can do about it | Mint
India's high unemployment is a 'ticking bomb,' opposition says as election battle with Modi's BJP heats up
cnbc.com/2024/04/23/india-elections-opposition-blames-modis-bjp-for-high-jobless-rate.html
IPL 2024: Delhi Capitals rope in Afghanistan's Gulbadin Naib to replace injured Mitchell Marsh
wionews.com/sports/ipl-2024-delhi-capitals-rope-in-afghanistans-gulbadin-naib-to-replace-injured-mitchell-marsh-714958
Rupee rises 11 paise to 83.20 against US dollar in early trade.#indianeconomy #RupeeVsDollar #Rupee #Dollar
Reactions: India's March retail inflation eases to five-month low
reuters.com/world/india/view-indias-march-retail-inflation-eases-485-yy-2024-04-12/
This major bank overhauls certain tariffs for salary, savings accounts – All you need to know
financialexpress.com/money/this-major-bank-overhauls-certain-tariffs-for-salary-savings-accounts-all-you-need-to-know-3466097/
#MintPrimer | Shaktikanta Das, the governor of RBI, has raised concerns over unauthorized forex trading platforms and asked banks to remain alert ... Show more
Mint Primer: Decoding RBI’s alert on illegal forex platforms | Mint
Mint Primer: Decoding RBI’s alert on illegal forex platforms | Mint
POLL India inflation likely cooled in March, albeit slightly: India's consumer price inflation likely eased to a five-month low of 4.91% in March but was still ...
reuters.com/world/india/india-inflation-likely-cooled-march-albeit-slightly-2024-04-08/
RBI Move on Indian Rupee (INR USD) Speculation Highlights Regulatory Risk: Exchange-traded currency derivatives thrived in India for over a decade ...
bloomberg.com/news/articles/2024-04-12/fx-derivatives-fiasco-puts-spotlight-on-regulatory-risk-in-india
Paid articlePaid #Mumbai police have made an arrest in a high-profile case involving Vaibhav Pandya, the stepbrother of cricketers #HardikPandya and #KrunalPandya ... Show more
Hardik Pandya cheated of INR 4.3 crore, stepbrother Vaibhav Pandya gets arrested on account of forgery | Cricket - Hindustan Times
Hardik Pandya cheated of INR 4.3 crore, stepbrother Vaibhav Pandya gets arrested on account of forgery | Cricket - Hindustan Times
RBI rejects Tamilnad Mercantile Bank's proposal for CEO candidate: Bank has been asked to submit "fresh panel of candidates with suitable experience" for the ...
business-standard.com/companies/news/rbi-rejects-tamilnad-mercantile-bank-s-proposal-for-ceo-candidate-124041300002_1.html
Saturday bank holiday: Are banks closed today, April 20? Check details here | Mint
livemint.com/industry/banking/saturday-bank-holiday-are-banks-closed-today-april-20-check-details-here-sbi-hdfc-icici-tripura-garia-puja-11713573724711.html
Rupee hits new low of Rs 83.54 against US dollar; RBI likely steps in: The Reserve Bank of India likely intervened in the foreign exchange market by selling ...
business-standard.com/economy/news/rupee-hits-new-low-of-rs-83-54-against-us-dollar-rbi-likely-steps-in-124041600991_1.html
Whither atmanirbhar payments?: It is critical that we attain resilience in the payments ecosystem with Indian alternatives, should foreign players decide to stop ...
financialexpress.com/opinion/whither-atmanirbhar-payments/3466372/
Rupee gains on likely dollar inflows, uptick in Asian peers: The Indian rupee strengthened on Wednesday, buoyed by strength in its Asian peers and likely dollar ...
reuters.com/markets/currencies/rupee-gains-likely-dollar-inflows-uptick-asian-peers-2024-04-10/
India's Paytm banking unit CEO Surinder Chawla resigns: India's Paytm said on Tuesday that Surinder Chawla had resigned as the chief executive officer and ...
reuters.com/world/india/indias-paytm-banking-unit-ceo-surinder-chawla-resigns-2024-04-09/
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