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Rating agencies seek RBI help to tame non-cooperation from companies

In Short:Credit rating agencies are seeking the central bank's help to penalize banks that withhold critical information for company ratings. Discussions initiated by the...

Government bodies and banks to use 160 numbering series for service calls: DoT

In Short:To reduce unwanted phone calls, the telecom department has allocated 160 numbering series for business calls and limited marketing calls to 140 series....

Banks may request unique provisions for MSMEs in RBI’s draft rules for infrastructure sector.

In Short:Banks are planning to ask the RBI and finance ministry to exempt loans given to small businesses from proposed rules for infrastructure financing....

RBI’s shift to stricter enforcement: No more carrot, just the stick

In Short:Banking experts believe that the proposed rule by RBI may discourage lenders from financing projects, leading to higher lending rates. RBI has imposed...

SC rejects plea by MSMEs against 45-day payment rule

In Short:The Supreme Court rejected a plea by small businesses challenging an Income Tax Act rule limiting credit to buyers to 45 days. This...

Hinduja Group may request RBI extension for RCap transfer to IIHL

In Short:Hinduja Group's IIHL is asking for a six-month extension from the RBI to take control of Reliance Capital. Parts of Reliance Capital will...

RBI restricts Kotak Mahindra Bank from onboarding new customers online.

In Short:The Reserve Bank of India has stopped Kotak Mahindra Bank from enrolling new customers and issuing new credit cards due to serious IT...

RBI’s warning about illegal forex trading platforms: A Mint Explainer

In Short:The Reserve Bank of India governor is warning about unauthorized forex trading platforms that promise high returns like casino games, used by corporates...

RBI grants in-principle approval to Revolut for prepaid payment license

In Short:Revolut India has received approval from the RBI to issue prepaid payment instruments in India, allowing the global fintech firm to operate domestically....

Heightened concern over the surge in gold loans

In Short:Regulators and policymakers are concerned about the gold loan market, with the RBI imposing restrictions on IIFL Finance. The rise in gold loans...

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