Mayur Shetty

  • Extra MPC meet likely, RBI may hold rates in February

    Extra MPC meet likely, RBI may hold rates in February

    The surge in inflation may lead to such an event. If inflation stays above the tolerance level, the MPC must take action. Although the MPC is mandated to meet at least four times, it can hold meetings more frequently.

    More e-tailers doing away with OTPs

    More e-tailers doing away with OTPs

    Flipkart has already done so, and others like Swiggy and ride-sharing apps are about to follow. A key driver for this has been the phased relaxation of rules by RBI—most recently last Friday —on one-time passwords.

    Up to 24% defaulters had safe credit rating: RBI report

    Up to 24% defaulters had safe credit rating: RBI report

    The study has concluded that ratings do not always reflect the asset quality of borrowers in a timely manner and there are concerns over delayed reporting of ratings by banks. But despite the limitations, the report says the use of external ratings in regulations is inevitable and ways to improve agency performance should be explored.

    Lens on motor covers may aid buyers

    Lens on motor covers may aid buyers

    Insurance company officials say that fining brokers for dealing with select companies could now open up the business for two dozen companies. Customers could benefit if upstart companies start quoting low rates to get a toehold in the motor business.

    Bank credit to industry slips 3.9% in 8 months

    Bank credit to industry slips 3.9% in 8 months

    Bank credit to industry shrunk by 3.9%, or Rs 1.13 lakh crore, during the first eight months of the current financial year, according to data released by the RBI. Despite this, overall bank credit continues to be up 1% largely due to home loans and other personal loans.

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