TReDs platforms, which enable MSMEs to obtain financing for trade receivables, will have a larger pool of financiers as well as an insurance facility.
June 15, 2023About half of the 40,000 companies rated in India do not share information with credit rating agencies.
June 15, 2023The RBI has so far authorised Punjab National Bank to open a special rupee vostro account for foreign trade settlements with Myanmar.
June 14, 2023India's NPCI, with support from the RBI, is in talks to establish bank-to-bank transfer systems for cross-border remittances to Bahrain and Saudi Arabia.
June 14, 2023The RBI issued the e-rupee as a pilot project late last year. Deputy governor T Rabi Sankar 1 million customers will be active on the CBDC by end-of-month.
June 9, 2023Banks can set their own limits for borrowing in the call and notice money markets, provided they meet existing prudential limits for inter-bank liabilities.
June 9, 2023Loan service providers such as fintechs are allowed to provide default cover up to five percent of the loan portfolio.
June 9, 2023The framework aims to provide further impetus to stressed asset resolutions and establish harmonised standards across lenders.
June 9, 2023The RBI will allow Indian banks to issuance RuPay prepaid forex cards and expand the scope and reach of e-RUPI digital vouchers.
June 9, 2023HSBC India executed its first non-deliverable FX derivative transaction with Reliance Industries just a day after the RBI's policy change.
June 8, 2023