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Mumbai, Apr 8 (PTI) Reserve Bank Governor Sanjay Malhotra on Wednesday announced that the monetary authority will be coming out with a new framework for non-bank lenders amid a lack of clarity over Tata Sons' listing issue. "We are coming up with a new framework for the NBFCs. Very soon, we should," Malhotra told reporters at the customary post-policy review press conference. On a specific question on Tata Sons, Malhotra said the new framework will categorise non-banking finance companies. He ...Read More >
(Reuters) -U.S. stock index futures rose on Monday, building on gains from last week as a flurry of AI-related dealmaking and softer labor market trends bolstered expectations for an interest-rate cut. The resilience in equities came despite the federal government shutdown showing little signs of resolution, underscoring the persistent appetite for tech stocks and an increased focus on the upcoming earnings season for cues on the trajectory of the economy. "The current AI infrastructure buildo ...Read More >
Mumbai, Oct 1 (PTI) To enhance the resilience of the financial sector, the Reserve Bank on Wednesday announced that the expected credit loss (ECL) framework for provisioning is proposed to be made applicable to all financial institutions from April 1, 2027. Announcing the fourth bi-monthly monetary policy, RBI Governor Sanjay Malhotra said the ECL framework of provisioning with prudential floors is proposed to be made applicable to all Scheduled Commercial Banks (excluding Small Finance Banks ( ...Read More >
Mumbai, June 6 (SocialNews.XYZ) Reserve Bank Governor Sanjay Malhotra on Friday said the central bank will raise the Loan-to-Value (LTV) ratio for gold loans to small borrowers of up to Rs 2.5 lakh to 85 per cent from the existing 75 per cent. Speaking at a press conference after the monetary policy meeting, he said the final regulations on gold loans will be announced today or latest by Monday. The increase in the loan-to-value ratio for small loans means that if the gold pledged is worth Rs ...Read More >
CHENNAI: Indian equity markets opened on a strong note Friday, buoyed by the Reserve Bank of India's unexpected 50 basis point repo rate cut, which lifted investor sentiment and sparked a broad-based rally from early lows. The BSE Sensex rose 96 points or 0.12% to 81,538, recovering nearly 350 points from the day's intraday low. Similarly, the NSE Nifty50 gained 29 points or 0.12%, trading at 24,780, as markets welcomed the central bank's proactive move to support growth. Market Highlights Th ...Read More >
Mumbai, February 7: In a major move to enhance digital security and combat financial fraud, Reserve Bank of India (RBI) Governor Sanjay Malhotra unveiled an exclusive ".bank.in" internet domain for Indian banks while announcing the Monetary Policy on Friday. The initiative aims to help customers distinguish legitimate banking websites from fraudulent ones. "The Reserve Bank shall implement the bank.in exclusive Internet domain for Indian banks," Malhotra said. The RBI has set April 2025 as the ...Read More >
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