Remittances To India Set To Hit A Whopping $100 Billion Milestone This Year:
ndtv.com/business/remittances-to-india-to-hit-100-billion-milestone-this-year-3578037
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| Last Updated | Dec 05 22 |
| Total Articles | 1 |
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Indian bank’s IT is so shabby it’s been banned from opening new accounts: After two years of warnings, and outages, regulators ran out of patience with Kotak ...
theregister.com/2024/04/25/rbi_india_kotak_mahindra_bank/
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.
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
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 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
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/
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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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/
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 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
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/
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 scrambles to curb PhonePe and Google’s dominance in mobile payments: The National Payments Corporation of India (NPCI), the governing body overseeing the ...
techcrunch.com/2024/04/16/india-scrambles-to-curb-phonepe-and-google-dominance-in-mobile-payments/
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 Rupee off record low on likely c.bank intervention, Iranian official's comment: The Indian rupee recovered after slipping to a record low on Friday ...
reuters.com/markets/currencies/rupee-off-record-low-likely-cbank-intervention-iranian-officials-comment-2024-04-19/
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
Rupee ends at record closing low on risk-off, broad dollar rally
reuters.com/markets/currencies/rupee-ends-record-closing-low-risk-off-broad-dollar-rally-2024-04-16/
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 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
Paid articlePaid 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 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
ADB raises India's GDP growth forecast for FY25 to 7% from 6.7% earlier: The ADB had in December last year projected the Indian economy to expand 6 ...
business-standard.com/economy/news/adb-raises-india-s-gdp-growth-forecast-for-fy25-to-7-from-6-7-earlier-124041100075_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.
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
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
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
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
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/
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 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/
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/
Climate change poses challenges for policy, risks to growth: RBI report: Frequent weather shocks caused by climate change pose challenges for the monetary policy ...
business-standard.com/economy/news/climate-change-poses-challenges-for-policy-risks-to-growth-rbi-report-124040800862_1.html
Defaulted on home loan EMIs? Relax! Bank can’t seize your house if you follow these RBI protection rules
financialexpress.com/money/defaulted-on-home-loan-emis-relax-bank-cant-seize-your-house-if-you-follow-these-rbi-protection-rules-3466665/
How to build a global currency: India is the latest country to try. Painful reforms are required
economist.com/finance-and-economics/2024/04/04/how-to-build-a-global-currency
Gold hits all-time high, soars past Rs 71,000: Should you still invest?: Gold Investment: Geopolitical conflicts are contributing to market instability ...
business-standard.com/finance/personal-finance/gold-hits-all-time-high-soars-past-rs-71-000-should-you-still-invest-124041000707_1.html
IMF ups India growth forecasts, citing strong domestic demand: FY24 growth now seen at 7.8%, FY25 rate at 6.8%
financialexpress.com/policy/economy-imf-ups-india-growth-forecasts-citing-strong-domestic-demand-3458852/
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Amazon Pay explores credit on UPI through collaboration with NPCI: Amazon Pay credit on UPI: NPCI recently unveiled new features for UPI-linked RuPay credit ...
business-standard.com/finance/news/amazon-pay-explores-credit-on-upi-through-collaboration-with-npci-124041600731_1.html
RBI's status quo on repo rate to impact retail auto sales, says Fada: Auto Sales: Manish Raj Singhania, prez of FADA, said that favourable govt policies along ...
business-standard.com/industry/news/interest-rates-may-put-pressure-on-entry-level-vehicle-buying-in-fy25-fada-124040800666_1.html
This banker’s memoir recounts his journey from a junior officer to executive director
scroll.in/article/1064649/this-bankers-memoir-recounts-his-journey-from-a-junior-officer-to-executive-director
Mangalsutra row: The truth behind Priyanka’s claim on Indira Gandhi donating gold to the country
firstpost.com/explainers/mangalsutra-row-priyanka-indira-gandhi-gold-donation-1962-india-china-war-pm-modi-13763278.html
Are banks closed today on April 13 for weekend? Check details here | Mint: Bank holiday today April 24: There are a total of 12 days of bank closures in April ...
livemint.com/industry/banking/bank-holidays-april-2024-are-banks-closed-today-on-april-13-for-weekend-check-details-here-state-bank-of-india-saturday-11712973360165.html
Why has India allowed FIIs to invest in its green bonds? | Explained: The Hindu explains why India has allowed foreign investors to trade in green bonds
thehindu.com/business/Economy/why-has-india-allowed-fiis-to-invest-in-its-green-bonds-explained/article68073170.ece
Co-lending on personal loans set to decline: Experts see a drop of at least 10-12% in the coming months.
financialexpress.com/business/banking-finance/co-lending-on-personal-loans-set-to-decline/3465213/
Why the BJP’s fortunes in Tamil Nadu may change: Listen to this episode from Top of the Morning on Spotify. Welcome to Top of the Morning by Mint ...
open.spotify.com/episode/5Z68DlVwJ8jk3opZbsq2M7
SBI approaches RBI to cap NBFC lender base: The country’s largest bank believes that large number of lenders dilutes the ability to monitor NBFCs loan books ...
financialexpress.com/business/banking-finance-sbi-approaches-rbi-to-cap-nbfc-lender-base-3455460/
RBI Issues Alert Against Prepaid Payment Instruments By Illegal Entities: The list of authorised payment system providers/ authorised payment system operators is ...
ndtv.com/india-news/rbi-issues-alert-against-prepaid-payment-instruments-by-illegal-entities-5523425
Bank holiday on Ram Navami 2024: Are banks closed on April 17? Check the full list of cities here | Mint
livemint.com/industry/banking/bank-holiday-on-ram-navami-2024-are-banks-closed-on-april-17-check-the-full-list-of-cities-here-11713234502992.html
What is the outlook on the global economy? | Explained: IMF warns of risks from high inflation, unregulated credit market, and cyber-attacks ...
thehindu.com/business/Economy/what-is-the-outlook-on-the-global-economy-explained/article68088796.ece
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
Tata seeks RBI nod to avoid listing NBFC: Earlier in March, Tata Sons raised about Rs 9,300 crore by offloading 23.4 million shares in its IT subsidiary Tata ...
financialexpress.com/business/banking-finance-tata-seeks-rbi-nod-to-avoid-listing-nbfc-3462683/
Morning Bid: Widening FX worry, South Korea sets rates: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-04-11/
Indian banks are battling the worst deposit crunch in 20 years | Mint: At 80%, the credit-deposit or CD ratio is at its highest since 2005, from when this ratio ...
livemint.com/industry/banking/indian-banks-are-battling-the-worst-deposit-crunch-in-20-years-11712578504368.html
Paid articlePaid India’s trade and emerging issues: The global growth recovery is expected to be steady and resilient in the upcoming period amidst several risks emanating from ...
financialexpress.com/policy/economy-indias-trade-and-emerging-issues-3463571/
Rockies rout Blue Jays with 20-hit breakout on the road: During the Rockies' painful and sluggish start to the season, manager Bud Black insisted that the ...
denverpost.com/2024/04/12/rockies-rout-blue-jays-20-hits/
Discomfited, annoyed by demand that RBI should be cheerleader for Govt: Former Governor
indianexpress.com/article/business/rbi-reserve-bank-of-india-governor-duvvuri-subbarao-book-government-9277696/
Raghuram Rajan says Indian innovators have a ‘Virat Kohli mentality’: ‘Want to actually expand more’
hindustantimes.com/business/raghuram-rajan-says-indian-innovators-have-a-virat-kohli-mentality-want-to-actually-expand-more-101713328451009.html
Rupee plunges to all-time low: West Asia tensions, US Treasury yields weigh
financialexpress.com/market/rupee-plunges-to-all-time-low-3458926/
Amazon Pay plans to offer credit on UPI: Currently, over 100 million customers use Amazon Pay UPI for shopping, paying bills, paying at online merchants ...
financialexpress.com/business/industry-amazon-pay-plans-to-offer-credit-on-upi-3455547/
Masataka Yoshida Hits Two RBI Singles, Red Sox Clean Up Defense in 7-2 Win over Angels
japannews.yomiuri.co.jp/sports/baseball/20240414-180335/
LSU softball rallies for extra-inning win against Florida: GAINESVILLE, Fla. — Fifth-ranked LSU rallied for runs in the seventh and eighth innings to secure a ...
theadvocate.com/baton_rouge/sports/lsu/lsu-softball-rallies-for-extra-inning-win-against-florida/article_b36e8a51-9b0d-5be6-9a7e-c8bbdf578f0f.html
Gavin Stone puts in stellar start for Dodgers in win over Padres: Gavin Stone throws five perfect innings and doesn't let a benches-clearing incident with ...
latimes.com/sports/dodgers/story/2024-04-13/dodgers-san-diego-padres-gavin-stone-recap
Forex derivatives diktat to hit brokerages’ revenues: With trading volumes drying up, brokerages will shift the workforce from their currency derivatives desk to ...
financialexpress.com/market/forex-derivatives-diktat-to-hit-brokerages-revenues-3451684/
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