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No rate cut, but RBI trims rules, drops overlapping biz regulations in credit push

New Delhi, Oct. 2 -- The central bank unwrapped a box of goodies to power credit and business on Wednesday, even as it delivered a better growth outlook and kept policy rates untouched. The Monetary ... Read More


RBI to ease norms for banks' corporate exposure via market securities, to repeal earlier framework

Mumbai, Oct. 2 -- The Reserve Bank of India (RBI) on Wednesday proposed to withdraw its August 2016 framework on Enhancing Credit Supply for Large Borrowers through Market Mechanism. The framework or... Read More


RBI keeps benchmark rate steady for second time amid global uncertainty

MUMBAI, Oct. 1 -- The Reserve Bank of India led by governor Sanjay Malhotra kept the benchmark repo rate unchanged at 5.50% for the second straight time on Wednesday. The central bank also maintained ... Read More


RBI keeps benchmark rate steady at 5.50% for second time amid global uncertainty

MUMBAI, Oct. 1 -- The Reserve Bank of India led by governor Sanjay Malhotra kept the benchmark repo rate unchanged at 5.50% for the second straight time on Wednesday. The central bank also maintained ... Read More


Insurance agents, brokers may get lower commission after GST cuts

New Delhi, Sept. 30 -- Insurance intermediaries such as agents and brokers may see a hit to their commissions as insurers face pressure to pass on the full benefit of the recent GST (goods and service... Read More


Tata Capital MD says discount in IPO price band to encourage retail investors

Mumbai, Sept. 29 -- Amid concerns around a significant drop in the price of unlisted shares of Tata Capital and a lower-than-expected IPO price band, MD and CEO Rajiv Sabharwal told Mint that the boar... Read More


Anand Piramal takes over as chair of Piramal Finance post merger of parent with co

New Delhi, Sept. 24 -- Mumbai: Anand Piramal has assumed the role of chairman of Piramal Finance following its absorption of parent company Piramal Enterprises, effective from 16 September 2025. The ... Read More


Recurring payments via old Paytm UPI handles get 2-month lifeline

Mumbai, Sept. 21 -- In a relief to users and merchants, the National Payments Corp. of India (NPCI) has extended the deadline for stopping all autopay mandates linked to the erstwhile @Paytm UPI (unif... Read More


RBI governor nudges CCIL to put in place infra for currency trades beyond USD/INR

Mumbai, Sept. 19 -- Trade and settlement platform Clearing Corporation of India (CCIL) should explore putting in place necessary infrastructure to facilitate trading and settlement of currency pairs b... Read More


Explainer: What RBI's final directions mean for payment aggregators, users

New Delhi, Sept. 17 -- When you swipe a credit card or make an online purchase, a series of transactions occurs in the background, involving banks, payment aggregators and merchants. The Reserve Bank ... Read More