MPC meet: RBI likely to change 'stance' but continue rate cut pause until Dec
HSBC says some growth indicators are softening, though it may be rotation between sectors rather than a slowdown; core inflation remains low but food and fuel could fall
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October 2024
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RBI defers implementation of FX rules to May 3
RBI says the regulatory framework for ETCDs has remained "consistent" over the years and that there is no change in the RBI’s policy approach
RBI tightens norms for deposit-taking HFCs
Most major deposit-taking HFCs are in compliance with enhanced requirements, including liquid investments, say analysts
RBI issues draft rules on dividend payout by banks
RBI says banks should consider divergence in classification, provisioning for NPAs; auditors’ reports; capital position, and growth plans before announcing dividend
RBI asks banks to review accounts ‘inoperative’ for over a year
RBI says to classify an account as ‘inoperative’, only customer-induced transactions and not bank-induced transactions shall be considered
Stagflation risk in India currently lower at 1%: RBI
Central bank in its Dec 2023 bulletin says stagflation is a concern as it can destabilise macroeconomic framework by creating uncertain environment
RBI’s new rules mandate cross-border payment aggregators to seek licence
Authorisation can be sought under any of the three categories – only payment aggregator-cross border, import only PA-CB, export and import PA-CB
BoB shares slip 4% after RBI bars new customer onboarding to mobile app
BoB says the current RBI decision will not have any "material impact" on the bank’s overall business and growth plans
IMF raises India’s FY24 growth forecast to 6.3% on consumption boost
IMF says growth in India will remain strong, with an upward revision of 0.2 percentage points for 2023
RBI introduces new channel for card-on-file tokenisation, extends PIDF scheme
The central bank announces key measures in the areas of regulation, payments systems, and consumer protection
