New guidelines for Housing Finances Companies to raise money
The revised guidelines shall be applicable to all fresh private placements of NCDs (with maturity more than one year) by HFCs from the date of this circular.
Auction of USD 5 billion dollar
The market participants would be required to place their bids in terms of the premium that they are willing to pay to the Reserve Bank for the tenor of the swap, expressed in paisa terms up to two decimal places. The auction cut-off would be based on the premium. The auction will be a multiple-price based auction, i.e., successful bids will get accepted at their respective quoted premium.
On Tap application on Retail Payments to be tested in RBI regulatory sandbox
RBI has launched regulatory sandbox for testing ‘On Tap’ application facility for the theme ‘Retail Payments’ of the Regulatory Sandbox (RS). Exto India Technologies Pvt. Ltd. was selected for the Test Phase. The entity tested an offline digital payment product which was evaluated based on mutually agreed scenarios and expected outcomes.
