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More than 35 hundreds complaints against co-op banks in 22-23: RBI

In a statement the Reserve Bank of India said that it has received 3,535 complaints against cooperative banks ....

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Morning Brief Podcast: Clean-up or crackdown: RBI's noose on NBFCs

The RBI s recent actions on certain fintech businesses have sparked debate. Is it a necessary clean-up or an excessive crackdown? Host Anurpiya Nair explores this hot topic as she delves into the recent strict orders and what it means for the future of fintech in India. Is this a positive step towards a healthier financial ecosystem, or an unnecessary hurdle for innovation? Listen to R Gandhi, Former, Deputy Governor of Reserve Bank of India, Abizer Diwanji, Head, Financial Services at EY, and Pratish Kumar, Partner, JSA Advocates & Solicitors for a nuanced discussion on the evolving relationship between the RBI and fintech businesses on The Morning Brief podcast! ....

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India economy news: India's economy expansion now a flashback of the mid-2000s' boom cycle

Morgan Stanley s report suggests India s current economic surge resembles the mid-2000s, foreseeing a continuing investment-driven cycle. Noting high investment-to-GDP ratios, it projects a rise to 36% by FY27. Urban demand surpassing rural, reminiscent of the 2003-07 cycle, is expected to continue. India s global market share in goods and services, particularly in exports, mirrors growth seen in the mid-2000s. ....

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Retail investors shy away from G-sec secondary market on lack of awareness

Total primary market subscriptions stood at Rs 4,040.03 crore as on March 4. Of the total, treasury bill subscritpions remained higher, at Rs 2687.02 crore. ....

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Federal Bank: RBI directs Federal Bank to stop issuing co-branded credit cards

The bank on Wednesday said it is in the process of rectifying the areas that are deficient and will seek regulatory clearance prior to resumption of new issuance. "Pursuant to a letter from Reserve Bank of India, dated March 12, 2024, we have stopped issuance of new co-branded credit cards," the private sector lender said in a regulatory filing. ....

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