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HomeBusinessSensex dips 500pts, FMCG stocks top drags, Paytm down 9%

Sensex dips 500pts, FMCG stocks top drags, Paytm down 9%

12:48 PM

RBI Presser LIVE: Issue of compliance with Paytm is on various parameters

Regulations are robust, its an issue of compliance on Paytm with various parameters, says Das when asked if the action has been taken due to KYC non-compliance.

12:27 PM

RBI Presser LIVE: To issue FAQ next week on questions around Paytm action


We continue to support innovation in fintech, says Das.  

12:26 PM

RBI Presser LIVE: Restrictive actions are proportionate to the gravity of situation: Das on Paytm action

Our emphasis is always on bilateral engagement with a focus on nudging an entity to comply. 

When constructive engagement does not work, or when they dont take required action, we go for imposing restrcitions, which are proportionate to the gravity of the siutaion, says Das on Paytm action. 

12:18 PM

RBI Presser LIVE: Das says RBI gives sufficient time to regulated entities to comply with norms

We give sufficient time to regulated entities to comply with norms, 

We are a responsible regulator

If everythgn was complied, we would not need to act, Das says.  

Will ensure inconvience to consumers is minimised. 

12:13 PM

RBI Presser LIVE: Supervisory action on Paytm preceded months of bilateral engagement

RBI says it provided adequate time to Paytm before taking the recent action. 

12:06 PM

RBI Presser LIVE: Global central banks remain cautious to see inflation align with targets

Markets globally are frontrunning central bank rate cuts, says Guv Das

11:49 AM

Central Depository Services India to inspect Paytm Money’s KYC process

The country’s largest securities depository, Central Depository Services India (CDSL), has commenced an examination of Paytm Money’s procedures for verifying customers, according to a report by The Economic Times (ET). This scrutiny comes in the wake of regulatory actions against Paytm Payments Bank by the Reserve Bank of India (RBI) and the central bank’s directive on January 31. Read

Paytm Payments Bank

11:34 AM

RBI keeps repo rate unchanged at 6.5%: What should borrowers do?

“This is a good market for new borrowers who can lock in a low spread of under 2.00 over the repo rate. On the other hand, existing borrowers will continue to have it tough for a few more months—hopefully no more than a couple of quarters—after which one hopes that inflation would have cooled enough to warrant a repo rate cut,” said Adhil Shetty, CEO of Bankbazaar. READ MORE

1698902779 8176

11:17 AM

This bank has zoomed over 90% in 4 weeks; became 2nd most valuable PSB

With Rs 1.43 trillion market cap, IOB currently stands ahead of Punjab National Bank (Rs 1.38 trillion) and Bank of Baroda (Rs 1.29 trillion). In intra-day trades, IOB’s market cap hit 1.58 trillion, the BSE data shows. READ MORE

1498229316 6944


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10:57 AM

Expert take on RBI policy :: ‘Expect huge inflows in India in coming months’

RBI’s easy going, accommodative policy laid no jolts on D-Street. The rates remained unchanged for the 6th consecutive time and there were no further surprises. With a similar stance as the last time, we feel the interest rates have peaked and there are higher chances that this accommodative stance would shift in the latter half of the year, by when the interest rate cuts would begin. Despite the global headwinds, growth in the Indian economy has remained resilient above 7% and with this balanced fiscal status, we expect huge inflows into India in the coming months

Views by: Umeshkumar Mehta, CIO, SAMCO Mutual Fund

10:40 AM

RBI MPC LIVE Updates :: RBI views on risk management


RBI lays great emphasis on good governance, robust risk management, sound compliance & protection of customer & expects regulated entities to accord importance to them


 

10:31 AM

RBI MPC LIVE Updates :: Revised regulatory framework for electronic trading platforms to be released shortly

>> Resident entities will also be allowed to hedge the price of gold in OTC segment in IFSC

>> RBI directs all lenders to issue a ‘Key Fact Statement’ for all retail & MSME loans disclosing processing fees & additional charges

>> Onboarding of Aadhar-enabled payment system will be streamlined, frayd mgt guidelines will be issued

>> RBI proposes principle based authentication facility for online transactions

>> The CBDC-retail pilot project will have additional programmibility 

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