Sat, Jan 27, 2024
Bank Holidays List February 2024: If you have any bank-related work in the month of February, then complete it on time because banks will be operational only for 18 days in the month. In this month, banks will remain closed for a total of 11 days including festivals, birth anniversary and Saturday-Sunday.
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Thu, Jan 25, 2024
"We wish to inform that ZPPL has been granted a certificate of authorisation dated January 24, 2024, from the RBI to operate as an 'Online Payment Aggregator' in India with effect from January 24, 2024, as per the guidelines issued by the RBI," Zomato said in an exchange filing.
Tue, Jan 02, 2024
The central bank called for steps to trace the customers of inoperative accounts or unclaimed deposits including their nominees or legal heirs for re-activation of accounts, settlement of claims or closure.
Fri, Dec 30, 2022
The first strategy framework (Utkarsh 2022) covering the period 2019-2022 was launched in July 2019. It became a medium-term strategy document guiding the Bank's progress toward the realization of the identified milestones.
Thu, Dec 29, 2022
India's current account deficit rose to more than 4 per cent of GDP, shows the recent data released by the RBI. A sharp decline in the CAD was predicted by several experts in this quarter even before as the country continued to struggle with several economic challenges
Stock Market Outlook 2023: The report said that given the current circumstances, Nifty will attain a level of 19,500 and barring any changes in the global macroeconomic and geo-political set up BSE Sensex will attain 64,500 which is 7-8 per cent increase from the current levels.
Wed, Dec 21, 2022
Reserve Bank of India governor Shaktikanta Das also added that cryptocurrencies have no underlying value and pose risks for macroeconomic and financial stability.
It is the external sector, mired by a fear of recession or clear visibility about slowing growth in a large part of the world, where the challenges lie, he said, adding that the impact of external demand will "dent" the economy.
Tue, Dec 20, 2022
Sovereign Gold Bond Price, Dates, SGB 2022 Price: Denominated in grams of gold (999 purity), sovereign gold bonds are government-backed securities.
Wed, Dec 07, 2022
RBI clarified that if the details of one's KYC remain the same as before, then just sending an e-mail to the banks or even informing the bank via text message from the registered mobile number should suffice.
The GDP growth forecast for October-December 2022 has been lowered to 4.4% and for January-March 2023 it has been lowered to 4.2%.
Tue, Dec 06, 2022
RBI has hiked interest rate by 50 basis points (bps) thrice since June, over and above an off-cycle 40 bps increase in the repo in May.
Fri, Dec 02, 2022
Reserve Bank of India (RBI) Governor Shaktikanta Das headed a six-member rate-setting panel is scheduled to meet for three days from Monday to take a call on the next set of monetary policy.
Fri, Nov 18, 2022
Urban demand appears robust, while rural demand is muted but more recently picking up traction, stated RBI.
Thu, Nov 17, 2022
The proposed acquisition of shares by DSPIM would be consequent to the scheme of amalgamation of Equitas Holdings (holding company) with the bank, it said.
Wed, Nov 16, 2022
Last month, the Reserve Bank allowed credit cards to be linked with the unified payments interface (UPI), which will enable more people to make payments using the popular platform.
Mon, Nov 14, 2022
RBI Governor Shaktikanta Das on Saturday said on Saturday that the next inflation print for October will come down below 7.
Mon, Nov 07, 2022
All these preparations are in line with the announcement by Finance Minister Nirmala Sitharaman in her budget speech that the RBI will launch the central bank digital currency (CBDC) during the current financial year.
Mon, Oct 31, 2022
Digital Rupee: It's a digital form of currency notes issued by a central bank. While most central banks across the globe are exploring the issuance of CBDC, the key motivations for its issuance are specific to each country's unique requirements.
Thu, Oct 27, 2022
RBI to hold special Monetary Policy Committee meeting: Zee Business Associate Editor Brajesh Kumar Mishra said, "As the inflation rate has remained above the upper tolerance limit of 6 per cent, the RBI has to answer to the government". "RBI will have to answer in written describing the reasons behind it and what all actions it plans ahead," he added.
Mon, Oct 03, 2022
When looked in relation to these states own tax revenue, pension liabilities are quite high for Jharkhand, Rajasthan and Chhattisgarh at 217, 190 and 207 per cent respectively.
Fri, Sep 30, 2022
The central bank has raised the key interest rate by 190 basis points since May this year, taking the repo rate to a three-year high of 5.9 per cent.
At present, larger non-bank lenders have already been using the expected loss approach for provisioning since 2018.
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![RBI mulling to adopt "expected loss" approach for banks' loan provisioning](http://50342.g72ip.group/sites/default/files/styles/zeebiz_160x90/public/2022/09/30/203028-untitled-design-12.jpg?itok=rTBoIoli&c=22a12e4955a45ac46b05732047323c73 "RBI mulling to adopt "expected loss" approach for banks' loan provisioning")