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RBI says 97.76% of Rs 2,000 currency notes back in system

The Rs 2,000 banknotes continue to be legal tender, RBI said in a press release.

India , Reserve-bank , Issue-offices , India-post , Rbi , S-2000-notes ,

When will RBI cut rates? Economists say you need to wait till...

The Reserve Bank of India is expected to delay cutting interest rates until the final quarter of the year, according to a Bloomberg survey. The RBI may reduce its benchmark repurchase rate by 50 basis points in the October-December period before pausing, due to rising inflation risks and the US Federal Reserve keeping rates steady. Governor Shaktikanta Das has maintained a hold on rates, waiting for inflation to stabilize around the central bank's 4% target. Economists predict that India's growth and inflation dynamics are healthy, but global and geopolitical developments, particularly decisions by the US Fed, could influence the RBI's rate decisions.

Ulhasnagar , Maharashtra , India , Achala-jethmalani , Shaktikanta-das , Radhika-rao , Morgan-stanley , Konark-urban-bank , Reuters , Bank-ltd , Group-holdings-ltd , Bloomberg

Economists push out India rate cut forecasts to end of year

The RBI may start cutting its benchmark repurchase rate, currently at 6.5%, by a total of 50 basis points in the October-December period before pausing for a few months, the monthly survey shows. In the previous survey, economists had predicted a reduction in July-September quarter.

India , Achala-jethmalani , Shaktikanta-das , Radhika-rao , Bloomberg , Group-holdings-ltd , Bank-ltd , Morgan-stanley , Reserve-bank , Not-rush , Cut-rates , Governor-shaktikanta-das

RBI removes curbs against Bajaj Finance, allows resumption of eCom transactions, Insta EMI card

The Reserve Bank of India allows Bajaj Finance to resume sanctioning and disbursal of new loans via eCOM and ‘Insta EMI Card’.

India , Bajaj-finserv , Snapwork-technologies-pvt-ltd , Credit-company , Pennant-technologies-pvt-ltd , Bajaj-financial-securities-ltd , Bajaj-housinq-finance-ltd , Pennant-technologies-pvt , Bajaj-finance , Jio-financial , Rbi , Reserve-bank-of-india

97.76% of Rs 2000 Banknotes Returned, Rs 7,961 Crore Yet To Be Deposited: RBI

RBI announces 97.76% of Rs 2000 banknotes returned. Know the latest status of Rs 2000 note withdrawal, exchange facilities and deadline

India , Reserve-bank , India-post , Rbi , 000-banknotes , Urrency-in-circulation , S-2000-note-withdrawal , Bi-withdrawal-of-rs-2000-notes , S-2000-note-exchange , Tatus-of-rs-2000-notes , Bi-rs-2000-notes-update

Bajaj Finance: RBI lifts restrictions on Bajaj Finance's eCOM, Insta EMI Card with immediate effect

The Reserve Bank of India (RBI) has lifted the restrictions on Bajaj Finance's eCOM and online digital ‘Insta EMI Card with immediate effect, according to an exchange filing by the company. The RBI's decision follows the remedial actions taken by Bajaj Finance. Consequently, the company will resume the sanction and disbursal of loans in these two business segments, including the issuance of EMI cards.

India , Reserve-bank , Bajaj-finance , Bajaj-finance-ecom , Bajaj-finance-insta-emi-card , Rbi , Reserve-bank-of-india ,

Business News: RBI imposes Rs 79 lakh penalty on Mumbai-based Apna Sahakari Bank

RBI imposes Rs 79 lakh penalty on Mumbai-based Apna Sahakari Bank : Rashtra News The Reserve Bank has imposed a penalty of Rs 79 lakh on Apna Sahakari Bank, Mumbai for non-compliance with certain directions, including on NPA classification. The RBI said statutory inspection of the bank revealed that it had not complied with the

Mumbai , Maharashtra , India , Apna-sahakari-bank , Reserve-bank , Apna , Bank , Business , Imposes , Lakh , Maintenance-of-minimum-balances

P2P startups: Central bank bars P2P startups from giving default loss guarantee in tie-ups with NBFCs

RBI's ban on DLG for P2P platforms reshapes industry operations, impacting prominent startups. Regulator's actions aim to bolster governance but may raise customer acquisition costs and deter investors due to increased risks.

Lucknow , Uttar-pradesh , India , Rishabh-mastaram , Programme-in-fintech , Indian-school-of-business , Technology-leadership , Offering-college , Reserve-bank , Tech-prowess , High-value-skill , Applied-risk

RBI scanner on gold loan startups; setback for lending firms

Happy Wednesday! After the central bank's action on IIFL Finance, concerns have been raised over gold loan evaluation by fintechs and their partner banks. This and more in todays ETtech Morning Dispatch.

United-states , Guangda , Guizhou , China , Bengaluru , Karnataka , India , America , Vivek-gupta , Asia-pacific , Abhay-hanjura , Angan-guha

gold loan disbursals: RBI cautions banks on gold loan disbursals through fintech startups

RBI cautions banks on gold loan disbursement concerns through fintechs like Rupeek, IndiaGold, and Oro Money. Banks evaluating next steps post IIFL Finance issue. Asset quality improved at Rupeek, with partnerships with Federal Bank, Indian Bank, and South Indian Bank.

India , Kozhikode , Kerala , Sumit-maniyar , Axis-bank , Offering-college , Indian-school-of-business , Indian-bank , Shivalik-small-finance-bank , Technology-leadership , Reserve-bank , Oro-money