Bengaluru, Jan 21 Skydo Technologies Private Limited, a leading cross-border payments company, has received in-principle authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator-Cross Border (PA-CB) entity. Skydo is among the first companies in the cross-border payments space to receive this authorization. This further strengthens Skydo’s mission of making cross-border payments compliant, seamless and cost-effective for India’s exporters. Skydo started…
Developers appreciate RBI’s inflation curb intent behind repo rate maintenance
The Reserve Bank of India’s (RBI) decision to keep the repo rate unchanged at 6.5% has sent a mixed signal to the real estate sector. On one hand, the move aims to curb retail inflation and maintain economic stability, but on the other hand, it may impact homebuyers’ affordability and slow down the momentum in the housing market. As the industry reacts to the news,…
RBI MPC Holds Rates Steady Amid Economic Uncertainties
In its latest meeting, the Reserve Bank of India’s Monetary Policy Committee (MPC) opted to maintain the status quo on key policy rates. The repo rate, at which the RBI lends to commercial banks, remains unchanged, as does the reverse repo rate, which stands as the rate at which banks park excess funds with the central bank. This decision comes amid a backdrop of carefully…
RBI’s new regulations for NBFCs by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance
“The new regulatory measures from RBI certainly make everyone anxious and NBFCs will now do well to closely monitor their margins. The regulator is wary of multiple loans to individuals that are mostly happening in the digital lending space where the end use of the loan isn’t always crystal clear. I think most of the established NBFCs and banks are mindful of it and exercise…