RBI to examine Indiabulls, LVB merger proposal

The statement comes amidst report that the presence of two nominee directors of the Reserve Bank of India (RBI) on the board of Lakshmi Vilas Bank implies the central bank’s indirect approval of the proposal. Continue Reading

RBI shouldn’t treat every default as NPA on 90th day: Fin Min Goyal

The comments came a day after the Reserve Bank of India (RBI) made it clear that it will not be having a relook at a contentious circular about recognising of bad assets. The circular was issued on 12 February last year. Continue Reading

PayNearby deploys BharatQR to boost cardless transaction

On the backdrop of Reserve Bank of India approving tokenization, PayNearby, Indian digital fintech company which empowers retailers at the first mile to offer digital financial/non-financial services to locals, has released BharatQR in its portfolio of payment solutions.  Continue Reading

Banks keep Rs 37K crore as RBI defers capital buffer norms by a year

The Reserve Bank deferred the implementation of the last tranche of Capital Conservation Buffer (CCB) by a year, a move that would leave about estimated Rs 37,000 crore capital in the hands of banks. Continue Reading