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.
Fri, Oct 06, 2023
Fraud lenders often lure desperate loan seekers with attractive offers, making them fall into a trap. It’s often safe to avail loans from a bank or a reputed NBFC.
The Reserve Bank of India has kept the repo rate unchanged at 6.5 per cent for the fourth consecutive time. A rise in repo rate adversely affects debt mutual funds as they mainly invest in bonds and bond yields often fall with hike in repo rate.
Interest rates on bank fixed deposits (FDs) have increased significantly in recent months. As the RBI has kept the repo rate unchanged, the banks are unlikely to further revise the FD rates. In recent months, a few banks have also started reducing FD rates, according to reports.
The search facility was initially made available on the portal for seven banks and it was intimated that the facility for remaining banks on the portal would be made available in a phased manner by October 15, 2023.
Tue, Oct 03, 2023
After hiking the repo rate six consecutive times since last year, the RBI hit the pause button and kept the repo rate unchanged in the last three MPC meetings this year. The next bi-monthly MPC meeting is set to take place from October 4-6, with the decision set to be announced on Oct 6, 2023.
Consumer inflation—gauged by the Consumer Price Index (CPI)—has stayed beyond the upper end of a medium-term target range for a second straight month.
Sun, Oct 01, 2023
According to data with the depositories, Foreign Portfolio Investors (FPIs) have sold shares to the tune of Rs 14,767 crore in September.
Sat, Sep 30, 2023
The Rs 2,000 notes shall continue to be legal tender even after October 7, but can be exchanged only at RBI offices, the central bank said.
The RBI's Standing Advisory Committee (SAC) reviewed the flow of credit to Micro, Small and Medium Enterprises on Friday at its meeting held in Lucknow, a central bank said in a release.
Thu, Sep 28, 2023
India's external debt rose by $4.7 billion in the April-June quarter to touch the USD 629.1 billion mark, although the debt-GDP ratio declined, RBI data released on Thursday showed.
India's current account deficit narrowed to USD 9.2 billion or 1.1 per cent of GDP for the April-June period, the Reserve Bank said on Thursday.
Wed, Sep 27, 2023
Online banking services will be available for transactions and checking balances.
Tue, Sep 26, 2023
A person's savings can be increased by making necessary investments and cutting down on extra expenses.
The RBI, however, does not prefer MSS and would opt for OMOs as the latter gives it more direct control on the securities, one of the sources said.
Tue, Sep 19, 2023
RBI on inflation news: Vegetable prices eased in August and brought down retail inflation to 6.8 per cent. This is likely to continue in September, the Reserve Bank of India said in its monthly bulletin.
Mon, Sep 18, 2023
Fake Loan Apps: When will the black book open about apps that incite customers to commit suicide by giving small loans? Watch this special discussion in India 360
Thu, Sep 14, 2023
The Reserve Bank of India (RBI) has issued new guidelines for loan settlement, which require banks and NBFCs to release all original movable and immovable property documents within 30 days of full repayment/settlement of the loan account. The move is aimed at addressing the issues faced by borrowers during loan settlement.
Wed, Sep 13, 2023
As per the RBI’s latest circular, the lenders will pay a compensation of Rs 5,000 per day to borrowers for delay in returning the property documents.
Sun, Sep 10, 2023
Sovereign Gold Bond Scheme 2023-24: Today is the fourth day of the subscription and the issue price for the Sovereign Gold Bond Scheme 2023-24 Tranche 2 has been fixed at Rs 5,923 per gram by the Reserve Bank of India.
Thu, Sep 07, 2023
Last month, in its circular RBI asked lenders to take into account the repayment capacity of borrowers at the time of approving floating rate based personal loans or home loans.
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