RBI panel favours no cap on promoters stake in private banks for 1st 5 years
An internal working group of RBI on the ownership and corporate structure of private sector banks has favoured allowing promoters to maintain any percentage of holding in the first five years.
Nov 26, 2021, 17:14 PM IST
Reserve Bank forms panel to suggest measures for promoting orderly growth of digital lending
The Reserve Bank of India said, "Recent spurt and popularity of online lending platforms/mobile lending apps (‘digital lending’) has raised certain serious concerns which have wider systemic implications."As per the Terms of Reference (ToR) for the WG, it has been asked to evaluate digital lending activities and assess the penetration and standards of outsourced digital lending activities in RBI regulated entities, and "identify risks posed by unregulated digital lending to financial stability, regulated entities and consumers".
Jan 13, 2021, 20:56 PM IST
RBI panel urges tougher line to get banks to pass on rate cuts
The five-member panel, set up by the RBI to look into why lenders were not passing on central bank rate cuts, said in a report on Wednesday that banks "deviated in an ad hoc manner from the specified methodologies" for calculating the lending rates in order to avoid passing on the RBI rate cuts.
Oct 05, 2017, 12:15 PM IST
RBI panel recommendations hint at reviving Islamic Banking?
The “Report of the Committee on Medium-term Path on Financial Inclusion” headed by Deepak Mohanty was placed on Monday.
Dec 29, 2015, 10:08 AM IST
Focus on mobile tech for last mile delivery: RBI panel to banks
In order to promote financial inclusion, a RBI panel on Monday asked banks to focus more on mobile technology for last mile service delivery, phasing out interest subsidy on farm loans and move towards universal insurance scheme for all crops.
Dec 28, 2015, 21:04 PM IST
Determined to bring down consumer inflation: Raghuram Rajan
Rajan added bringing down inflation was the responsibility of both the government and the central bank, echoing previous ones he has made on the topic.
Jul 10, 2014, 20:11 PM IST
