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 04, 2020
Nomura expects the RBI to leave both the repo and the reverse repo rates unchanged, in line with consensus, while maintaining its “accommodative stance”. Inflation has remained above the RBI’s upper tolerance level, reflecting supply-side factors such as unseasonal rains adding to broad-based food price pressures, with higher commodity prices and tax hikes also lifting core inflation. With GDP growth on a fast normalisation path after the Q2 plunge, the Monetary Policy Committee (MPC) is likely to vote unanimously to remain in a wait and watch mode.
Thu, Dec 03, 2020
The Bank over the last two years has taken several measures to fortify its IT systems and will continue to work swiftly to close out the balance and would continue to engage with the Regulator in this regard. HDFC Bank has said that it always endeavoured to provide seamless digital banking services to its customers and that the bank has been taking conscious, concrete steps to remedy the recent outages on its digital banking channels and assures its customers that it expects the current supervisory actions will have no impact on its existing credit cards, digital banking channels and existing operations.
Wed, Mar 18, 2020
Fitch Solutions said it expects the Reserve Bank of India to cut key interest rates by 175 basis points during the fiscal year starting April 1.
Fri, Mar 13, 2020
RBI is likely to go for an inter-meeting repo rate cut of 25-40 basis points due to risk of deterioration in global growth.
RBI will begin to look beyond inflation and start easing rates to the tune of 65 basis points by June, and the first rate cut could come even before the April review.
Tue, Feb 25, 2020
Reserve Bank of India said it will try to make digital payments a divine experience for the users after there is a reduction in notes circulation.
Sat, Oct 12, 2019
Government measures to boost growth along with faster resolution of stressed assets, and further transmission of past monetary policy easing are expected to accelerate the country's economic growth the coming quarters, the Reserve Bank of India said.
Sun, Mar 10, 2019
Andhra Pradesh is the number one state in terms of 'Ease of Doing Business' in India, shows a recent RBI document. Arunachal Pradesh, Meghalaya and Lakshadweep share the bottom spots on the list.
Sat, Dec 29, 2018
"In FY18, the number of ATMs of state-run banks declined to 1.45 lakh from 1.48 lakh in FY17," the RBI said in the 'Trends & Progress of Banking in 2017-18' report.
"Therefore, applying the Basel-specified risk-weights would understate the true riskiness of loan assets carried on the books of our banks," the report warned.
Thu, Dec 27, 2018
Manufacturing sector, particularly textile and iron and steel segments, maintained its pace of sales growth in the second quarter of 2018-19 as compared to the year-ago period.
Fri, Dec 14, 2018
IMF on Thursday said "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities
Tue, Dec 11, 2018
"It is not as if the RBI is dependent on any particular individual," said Rajiv Kumar, vice chairman of the NITI Aayog think tank, adding India`s institutional capabilities are very strong.
Thu, Dec 06, 2018
The Reserve Bank Wednesday lowered retail inflation projection in the range of 2.7-3.2 per cent for the second half of the current fiscal, citing normal monsoon and moderate food prices.
The Reserve Bank Wednesday retained its GDP forecast for the current fiscal at 7.4 per cent and said growth will accelerate further to 7.5 per cent in first half of 2019-20, driven by acceleration in investment activity.
Wed, Dec 05, 2018
Reserve Bank of India kept interest rates unchanged at a policy meeting on Wednesday to offer support for an economy that has lost some momentum, in a decision that was widely expected as inflation has eased significantly.
Ahead of RBI key rate announcement following the review meet, BSE benchmark Sensex dropped over 200 points in early trade Wednesday. This follows heavy selloff in global equities after concerns over US-China trade war resurfaced.
Sun, Nov 25, 2018
The RBI had earlier asked promoters of Kotak Mahindra Bank to bring down their stake to 20 per cent by December 2018 and 15 per cent by March 2020 in line with the guidelines for new bank licenses released four years ago.
The PCA framework kicks in when banks breach any of the three key regulatory trigger points -- namely capital to risk weighted assets ratio, net non-performing assets (NPA) and return on assets (RoA).
Mon, Nov 19, 2018
Unhappy over the pressure, RBI Deputy Governor Viral Acharya had warned that undermining central bank independence could be "catastrophic".
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