The new norms will impact all non-bank lenders, including housing finance companies and microfinance providers MUMBAI: RBI’s move to harmonise interest rate frameworks across regulated entities is likely to standardise loan pricing and improve monetary transmission while reducing the pricing discretion currently available to NBFCs.The move would mark a departure from the existing structure where…
The classification has gained attention after Tata Sons sought to de-register as an NBFC to avoid mandatory listing requirements MUMBAI: RBI governor Sanjay Malhotra indicated that Tata Sons continues to be on the list of upper layer NBFCs, even as the central bank is yet to release its updated classification based on revised principle-based criteria….
RBI noted that core inflation excluding precious metals stood at 2.3% to 2.5%, while headline inflation pressures were driven largely by supply-side factors MUMBAI: RBI raised its growth projections and lowered inflation estimates while the monetary policy committee voted unanimously to keep the repo rate unchanged at 5.25% and retain a neutral stance, signalling no…
Central bank is preparing to pilot the new currency substrate after securing govt approval for large-scale field trials MUMBAI: Polymer banknotes are likely to enter circulation at the beginning of FY28, RBI governor Sanjay Malhotra said, as the central bank prepares to pilot the new currency substrate after securing govt approval for large-scale field trials….
Airtel Money has now achieved meaningful scale with Q1 revenue of over $400 million, growing at 26% year-on-year in constant currency terms NEW DELHI: Airtel Money is preparing for a London listing in the second half of 2026, Bharti Airtel executive VC Gopal Vittal said on Wednesday. Airtel Money is a mobile commerce service that…
After beginning the week with strong gains that pushed major indexes to record levels, the market has settled over the past two sessions. US stock market today: Wall Street stocks moved mixed during Thursday morning trading as investors reacted to the latest round of corporate earnings from companies across a broad range of industries.The S&P…
Government is likely to permit banks and payment service providers to levy a merchant discount rate of between 0.25% and 0.4% on UPI transactions exceeding Rs 2,000. In a step closer to possibly introducing Merchant Discount Rate (MDR) on UPI transactions, the Lok Sabha on Thursday approved a Bill amending the Payment and Settlement Systems…
The crèche allowance is generally admissible for up to two children. For many working parents, one of the biggest challenges after the birth of a child is balancing childcare responsibilities with professional commitments. While employer-provided childcare facilities have existed under labour laws for many years, the newly notified Labour Codes have brought renewed focus to…
Centre dismisses claims of ethanol blending with aviation fuel NEW DELHI: The Centre on Thursday dismissed claims that it is planning to blend ethanol with aviation turbine fuel (ATF), calling the reports “completely false and irresponsible” and urging people not to spread misinformation on aviation safety.Union civil aviation minister Ram Mohan Naidu Kinjarapu, in a…
The government sees compressed bio-gas as a domestic solution to LNG. In a bid towards energy security, the Union Cabinet on Thursday approved a Rs 23,731 crore GOBARdhan scheme for bio gas. GOBARdhan or the Galvanizing Organic Bio- Agro Resources Dhan scheme aims to push for the production of compressed bio-gas.The move assumes significance in…
