The FinTech Hub
Source: Business Standard Mumbai: SBI Chairman Challa Sreenivasulu Setty during the ‘Global Fintech Fest’, in Mumbai, Friday, Aug. 30, 2024. (Photo: PTI) 3 min read Last Updated : Sep 18 2024 | 3:47 PM IST The Reserve Bank is unlikely to ease the benchmark policy rate during 2024 given the uncertainty over food inflation,…
Source: Business Standard 2 min read Last Updated : Sep 17 2024 | 8:52 PM IST Prime Minister Narendra Modi on Tuesday encouraged the use of the Reserve Bank of India’s (RBI) digital currency—the central bank digital currency (CBDC)—while speaking at the launch of the Odisha government’s women-centric scheme, Subhadra Yojana. Speaking at…
Source: Business Standard 4 min read Last Updated : Sep 16 2024 | 8:24 PM IST The benchmark interest rate in the country will hinge on the future trajectory of inflation, Reserve Bank of India Governor Shaktikanta Das has said, emphasising that month-on-month inflation momentum — whether it’s building up or moderating — will…
Source: Business Standard 2 min read Last Updated : Sep 16 2024 | 9:12 PM IST Indian firms, including non-banking financial companies, have filed proposals in July 2024 with the Reserve Bank of India (RBI) to raise $3.58 billion through External Commercial Borrowings (ECBs). The entire funding to be raised is through the automatic…
Source: Business Standard RBI DG Swaminathan Janakiraman 2 min read Last Updated : Sep 16 2024 | 7:13 PM IST Since traditional lending practices have limitations in catering to the needs of the agricultural sector, which is inherently seasonal, with returns often delayed or reduced, innovative financial solutions that are flexible and tailored to…
Source: Live Mint The concept is simple: For those living in apartments without enough space to install solar panels, SundayGrids helps you buy solar panels that are put up elsewhere. The electricity generated by these offsite panels is credited against your electricity bill. It’s a novel solution that makes users feel like they have solar…
Source: Business Standard RBI, Reserve Bank of India(Photo: Shutterstock) 3 min read Last Updated : Sep 15 2024 | 2:40 PM IST The Reserve Bank plans to comprehensively revamp its currency management infrastructure over the next 4-5 years, mainly to ensure adequate storage and handling capacity to cater to the future cash needs of…
Source: Business Standard Shaktikanta Das, RBI Governor (Photo: Shutterstock) 3 min read Last Updated : Sep 13 2024 | 8:13 PM IST Banks could be a target for short sellers as stress in the global commercial real estate sector can cause liquidity squeezes, Reserve Bank of India Governor Shaktikanta Das cautioned on Monday. …
Source: Live Mint In an unfavourable turn of events, inflation measured by the Consumer Price Index (CPI) rose to 3.7% year-on-year in August, up from 3.6% in July, and surpassing Mint’s consensus estimate of 3.5%. Given the generous rainfall seen in August, expectations were that retail inflation would moderate as vegetable prices ease. The unexpected…
Source: Live Mint Can banks charge you a joining fee even before your credit card is activated? They cannot as the credit card account will not be created unless the card is activated. With complaints about banks charging a joining fee even before the card is activated, unsolicited cards being issued and the undue delay…
