Digital India Trust Agency: How this RBI’s initiative can regularise lending apps

Digital India Trust Agency: How this RBI’s initiative can regularise lending apps

The Reserve Bank of India (RBI) is planning to set up a public register of white-listed lending apps to curb the menace of illegal lending apps in the country. As part of the new step, the central bank is looking to create an agency, Digital India Trust Agency (DIGITA), that will enable verification of digital … Read more

Multiple price auctions show confidence in g-sec demand

Multiple price auctions show confidence in g-sec demand

Mumbai: The Reserve Bank of India’s (RBI) decision to revert to the multiple price method for auctions of sovereign bonds after three years signals confidence on the part of the Centre and its debt manager about New Delhi’s fiscal management, with the first such debt sale validating that trust. The multiple price auction method was … Read more

Tech View: Nifty 50 in consolidation mode; what’s the trade set-up for next week?

Tech View: Nifty 50 in consolidation mode; what’s the trade set-up for next week?

It turned out to be a rather listless session for domestic equities, with the Nifty 50 ended flat as the Reserve Bank of India’s policy announcements had no major fireworks. The central bank left policy rates unchanged and also retained its stance of focussing on withdrawal of accommodation. The Nifty 50 ended flat at 22513.70 … Read more

RBI to launch mobile app for investing in government securities

RBI to launch mobile app for investing in government securities

Reserve Bank of India Governor Shaktikanta Das on Friday announced that it would launch of a dedicated mobile application for Retail Direct Scheme so that investors can make payments in a seamless way. Retail Direct scheme is a one-stop solution to facilitate investment in Government Securities by Individual Investors. It doesn’t require any intermediaries or … Read more

What to do if a fraud transaction has happened on your credit card?

What to do if a fraud transaction has happened on your credit card?

Axis Bank credit card users were recently affected by unauthorized international transactions despite deactivating international usage. Cardholders reported unauthorised transactions and receiving OTPs for transactions they didn’t make, including international charges on their Axis Bank credit cards. Many took to social media platforms to report the issue. So, what should you do if an unauthorized … Read more

Lower government borrowing in H1 to cool bond yields

Lower government borrowing in H1 to cool bond yields

Mumbai: Government bond yields are set to ease, lowering the cost of debt for Indian firms, as the Centre’s decision to borrow less than usual in the first half of the next fiscal has improved the demand-supply dynamics for the sovereign bond market. On Wednesday, the Reserve Bank of India (RBI) said the Centre would … Read more

RBI’s hand behind today’s rally in banks, other financial stocks

RBI’s hand behind today’s rally in banks, other financial stocks

Shares of banks and NBFC shares like Bajaj Finance on Thursday rose up to 4% after the Reserve Bank of India (RBI) relaxed rules regarding provisions for investments in Alternative Investment Funds (AIFs) by all regulated entities. Led by healthy buying seen in banks and other financial stocks, Nifty rallied over 200 points today and … Read more

As $1b limit nears, MFs told to suspend overseas ETF inflows

As $1b limit nears, MFs told to suspend overseas ETF inflows

Mumbai: India’s capital markets regulator has ordered local mutual fund managers to stop accepting money in plans that invest in overseas exchange traded funds (ETFs) as a $1-billion cumulative sectoral limit for such investments is close to being breached. The Reserve Bank of India (RBI) regulates the fund inflows and outflows involving locally pooled investments … Read more

India’s retail inflation almost unchanged in Feb; here’s what experts say

India’s retail inflation almost unchanged in Feb; here’s what experts say

Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month. It was at a four-month high of 5.69 per cent in December. The retail inflation in India though is in RBI‘s 2-6 per cent comfort level but is above the ideal 4 per cent scenario. … Read more