Mumbai: The Reserve Bank of India (RBI) on Wednesday proposed to withdraw its August 2016 framework on Enhancing Credit Supply for Large Borrowers through Market Mechanism. The framework originally aimed to address concentration risk arising from aggregate credit exposure of the banking system to a single large corporate and encourage such large corporates to diversify…
Reserve Bank of India (RBI) Governor Sanjay Malhotra confirmed on Wednesday that there is no current proposal to levy any charge on transactions made via the Unified Payments Interface (UPI). The RBI governor’s remarks came during a post-monetary policy press conference when he directly addressed the question of potential charges on UPI, a system whose…
The central bank on Wednesday proposed a new model of deposit insurance, where safer banks will pay less premiums while weaker ones pay relatively more. The risk-based model would be a departure from the current practice, where banks pay a uniform 12 paise for every ₹100 of deposits. The shift from the decades-old flat-rate system…
In a relief to banks, the Reserve Bank of India has withdrawn its proposal to stop entities within a bank group from undertaking similar business activities. Now, banks and their non-bank financial companies can operate in a similar line of business without banks having to merge or divest their stakes in their subsidiary. “The proposed…
The Hindi film industry, which lined up nearly 50 sequels for release between 2025 and 2026, is facing a reality check. Titles such as Dhadak 2, Son of Sardaar 2, War 2, Andaaz 2 and Baaghi 4 have underperformed, with trade experts blaming a rush to cash in on brand value without adequate writing or…
“Corporate India’s strong economic moat, developed since the pandemic, continues to safeguard credit profiles against relentless geo-political and economic uncertainties,” said Arvind Rao, senior director, head of credit policy group at India Ratings, adding that all these headwinds should have “collectively dented the credit profiles” but there has been a minimal impact on credit quality,…
Bank holiday today: All days of this week are bank holidays in some part of India due to Durga Puja, Navratri and Gandhi Jayanti celebrations. Today, October 1, is also a holiday for Navratri End / Maha Navami / Dussehra / Ayudhapooja, Vijayadasami / Durga Puja (Dasain), the ninth day of the Hindu festival of…
“Apparently, the concern of the Department of Economic Affairs is to ensure effective competition in the auction process,” the Telecom Regulatory Authority of India (Trai) said in a consultation paper released on Tuesday. Stakeholders have until 28 October to submit their feedback. Spectrum sale is shaped by market forces as well as various economic and…
A typical coliving space, meant for young professionals and students, has private or shared rooms with access to common kitchens, lounges and work areas. Basic setups cover essentials such as Wi-Fi, electricity, housekeeping and security, while premium ones add gyms, game zones, and curated community events. Rents usually range from ₹10,000 for simple accommodations to…
Bank holidays in October 2025: The Reserve Bank of India has designated 15 bank holidays for October 2025, as per its state-wise official holiday calendar for the fiscal year 2025-26. Bank holidays in India vary from state to state and are determined by national, regional, and religious observances. Apart from these designated holidays, banks will…