Sun, Jan 21, 2024
The total loan guarantees extended by the 17 major states to their entities have more than tripled to Rs 9.4 lakh crore as of FY23 from Rs 3 lakh crore in FY17.
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According to international trade experts, if these challenges are prolonged, it will have major implications on global trade.
Fri, Jan 19, 2024
The RBI has announced alternative timings for all the markets regulated by it on January 22, the day the 'Pran Pratishtha' ceremony of the new idol of Ram Lalla at the sanctum sanctorum of the Ram temple is scheduled.
Wed, Aug 24, 2022
The central bank had imposed curbs on American Express Banking Corp for being non-compliant with the directions on Storage of Payment System Data effective May 1, 2021
The bank, without prior approval of RBI, cannot grant or renew any loans, make any investment, and accept fresh deposits.
Tue, Aug 23, 2022
Next Bank Holiday August 2022: Banks will remain close in many cities across the country on 31 August 2022 on account of Ganesh Chaturthi holiday. According to the information published on the Reserve Bank of India (RBI) website, there will be holiday in these 9 major cities
In a report, the Germany-based bank said the RBI will respond with a slower pace of rate hikes from here, basing the expectation on the recently released minutes of the last meeting of the Monetary Policy Committee.
Mon, Aug 22, 2022
In a report, the Germany-based bank said the RBI will respond with a slower pace of rate hikes from here, basing the expectation on the recently released minutes of the last meeting of the Monetary Policy Committee (MPC)
The Foreign Exchange Management (Overseas Investment) Rules, 2022 will subsume extant regulations pertaining to Overseas Investments and Acquisition and Transfer of Immovable Property Outside India Regulations, 2015
Shares of the Central Bank of India rose more than 6% in the early trade on the reports that the Reserve Bank of India may lift restrictions on the bank.
Fri, Aug 19, 2022
On the price situation, the review said in absence of any further shocks, the downward movement of global commodity prices along with the RBI's monetary measures and the government's fiscal policies are expected to cap inflationary pressures in the coming months
Experts believe that through the move, the entire trading system, depository system and mutual fund system will be live on the account platform ecosystem
At its meeting from August 3 to 5, MPC decided to increase the benchmark lending rate by 50 basis points to 5.40 per cent with a view to tame inflation.
The central bank said the views expressed in the article are those of the authors and are not necessarily shared by the Reserve Bank of India.
“As clearly stated in the article itself, the views expressed in the article are those of the authors and do not represent the views of the Reserve Bank of India,” an RBI release said
Thu, Aug 18, 2022
In the reporting month, the central bank purchased USD 18.96 billion from the spot market and sold USD 22.679 billion, according to the RBI monthly bulletin for August 2022 released on Thursday
RBI issued discussion paper on payment charges. Which companies can be affected? Know full details from Varun Dubey.
Wed, Aug 17, 2022
RBI Issued discussion paper on charges on payment system. All inclusive including RTGS, NEFT, UPI and Debit, Credit Card, PPI. Will the charges on online payment be reduced? Know full details from Anurag Shah.
Fri, Aug 12, 2022
Supreme court issues notice on PIL seeking steps to inform legal heirs about unclaimed deposits. Notice Issued to MCA, RBI, Ministry of Finance, SEBI. Demand in public interest litigation, information should be centralized. Know full news from Ekta Suri.
Thu, Aug 11, 2022
The Reserve Bank had on Wednesday tightened the norms for digital lending to prevent charging of exorbitant rates and to secure customer interest by checking unethical loan recovery practices
Next Bank Holiday 2022: India is celebrating its 75th year of Independences and is also observing an Amrit Kaal
Zee Business sting 'Operation Hafta Vasooli' has a big impact. The loot of common man will now stop. RBI released final guidelines on digital lending. What is in the guidelines for customers? Watch in this video.
Wed, Aug 10, 2022
Under the new norms, all loan disbursals and repayments are required to be executed only between the bank accounts of borrower and the regulated entities (like banks and NBFCs) without any pass-through/ pool account of the Lending Service Providers (LSPs)
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