RBI has proposed to make interoperability mandatory for full-KYC PPIs and for all acceptance infrastructure.

It is proposed to constitute a committee to undertake a comprehensive review of the working of ARCs in the financial sector ecosystem, RBI Governor Shaktikanta Das said

RBI should take cognisance of the situation and work together with sector representatives and government to eliminate the flaws and make the microfinance industry more vibrant

A consumer-friendly regulator has to solve all consumer issues regarding any of their industry brands - irrespective of their scale of business

The proposed two-tier ARC, AMC framework, ostensibly created with public structure and private sector in mind for the respective entities, may create more problems than they serve

Banks' ability to transform themselves with speed and agility to survive the next revolution will determine the winners and losers

Bank of America won by focusing on large Indian firms and multinationals

At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

Economists, CEOs, consultants, sector specialists interpret Nirmala Sitharaman's 'Never-before' Budget

During the three-day subscription process between January 18-20, 2021, the IPO was subscribed nearly 3.5 times. It received bids for 432 crore shares against the issue size of 124.75 crore

The proposed changes to India's regulatory framework for non-bank financial institutions (NBFIs) unveiled in the Reserve Bank of India's (RBI) discussion paper on January 22 are likely to enhance the sector's stability, Fitch said

Ahead of the IPO, IRFC had raised Rs 1,398.63 crores from 31 anchor investors. IRFC is issuing shares at a price band of Rs 25 to Rs 26

Reserve Bank of India Governor Shaktikanta Das said that it was imperative to identify the root causes of stress rather than addressing the symptoms

The 6-member working group has been formed to study digital lending in regulated as well as unregulated financial sector to devise a regulatory framework for the same

The proposed sale price (Rs 44.15 per share) is at a substantial altogether unwarranted discount to the intrinsic value of Prime Focus Ltd's shares, says Reliance Capital

Such unauthorised digital lending platforms or mobile apps are demanding excessive rates of interest and additional hidden charges from borrowers. They are also adopting unacceptable and high-handed recovery methods, says RBI

Allowing big industrial houses in the banking sector has its own set of challenges

In view of the ongoing stress and the heightened uncertainty on account of the pandemic, RBI said it is imperative that banks continue to conserve capital to support the economy and absorb losses, if any

RBI panel's proposal to allow big corporates/industrial houses to own and run banks and NBFCs is contrary to RBI's own earlier stand, economic logic and historical evidence of multiple economic crises caused by reckless private financial sector players

The scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package