Mon, Jan 15, 2024
The draft circular said, "It has been decided that henceforth, with effect from the date of this circular, the public deposits accepted or renewed by HFCs shall be repayable after a period of 12 months or more but not later than 60 months. Existing deposits with maturities above sixty months shall be repaid as per their existing repayment profile."
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FinTechs are significantly reshaping the landscape of financial services by streamlining processes, improving accessibility, and reducing costs, the central bank said, while issuing a draft framework for recognising Self-Regulatory Organisations for FinTech Sector (SRO-FT).
Thu, Jan 04, 2024
The regulator in separate statements on Thursday said in an order dated December 13, 2023, it imposed a Rs 5 lakh penalty on the Vadodara-based Shree Bharat Co-operative Bank for non-compliance with its directions on the placement of deposits with other banks by urban primary cooperative banks and flouting its norms on interest rate on deposits directions of 2016.
Fri, Aug 20, 2021
According to the bank holiday list by RBI, banking services will be affected for a total of 4 days in the remaining month of August and for 7 days in the month of September 2021 except the weekend offs.
Wed, Aug 18, 2021
The Reserve Bank of India (RBI) has relaxed restrictions on HDFC Bank from issuing new credit cards, HDFC Bank has informed in its filing to exchanges.
Tue, Aug 17, 2021
The Reserve Bank of India on Tuesday introduced the annual 'Financial Inclusion Index', which aims to capture the extent of financial inclusion across the country. This FI-Index will mainly comprise of three broad parameters viz access, usage and quality with 35 per cent, 45 per cent and 20 per cent weightage, respectively.
Tue, Aug 10, 2021
The Reserve Bank of India has started a public awareness campaign along with Olympic Gold medalist Neeraj Chopra to warn people against digital banking frauds.
Mon, Aug 09, 2021
The Reserve Bank of India (RBI) has extended the restrictions on Karnataka-based Millath Co-operative Bank by three months till November 7.
The Sovereign Gold Bond Scheme 2021-22 - Series V opened for subscription on Monday. The price has been fixed at Rs 4,790 per gram.
Fri, Aug 06, 2021
The Monetary Policy Committee of the Reserve Bank of India is scheduled to announce its stance today, which is expected be an ‘accommodative’ while maintaining a status quo on rates, by the majority of the experts.
Thu, Aug 05, 2021
Ahead of the Reserve Bank of India’s August bi-monthly monetary policy tomorrow, August 6, Zee Business Research Analyst Devanshi Ashar quoting experts pointed out that inflation rates, liquidity concerns, and Governor Shakitkanta Das’ commentary will be in more focus during this policy.
Wed, Aug 04, 2021
The Reserve Bank of India's three day monetary policy meet headed by Governor Shaktikanta Das began on Wednesday, August 4 amid fears of a third wave of coronavirus pandemic and hardening of retail inflation.
Fri, Jul 30, 2021
As the new RBI’s current account rules come into force from July 31, 2021, the small businessmen seek Union Finance Minister Nirmala Sitharaman’s intervention to get some relief regarding the same.
Wed, Jul 28, 2021
The Delhi High Court has said that an expert body is required to look into the issue and added that it expects that the Centre and RBI will come out with some solution by the next date of hearing, August 27.
Mon, Jul 26, 2021
The Reserve Bank of India has released an official list of bank holidays for the month of August 2021. According to the list banking services will be affected for a total of 15 days including 8 holidays due to festivals or religious celebrations and state wise leaves, while 7 days will be usual weekend offs.
Fri, Jul 23, 2021
The Reserve Bank of India (RBI) is mulling to introduce a model of ‘digital currency’, wherein only the appearance of the currency will be changed from physical to digital.
Tue, Jul 20, 2021
As per the information provided by the Reserve Bank of India (RBI), you can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house.
Fri, Jul 16, 2021
As many as five private sector banks, including Axis Bank, Yes Bank, and IndusInd Bank, are to be impacted by the Reserve Bank of India's decision to ban Mastercard from issuing new cards.
HDFC Bank has 60 per cent of its card schemes tied to Mastercard, Amex and Diners
G-sec, SDL and T-Bills are issued in the primary market through auctions conducted by Reserve Bank of India (RBI). An investor, depending upon eligibility, may bid in an auction under Competitive Bidding or Non-Competitive Bidding (NCB).
Thu, Jul 15, 2021
The RBI has proposed that any refund of share capital to members, or their nominees, should be subject to the certain conditions -- the bank's capital adequacy ratio is 9 per cent or above, both as per the latest audited financial statements and the last CRAR as assessed by the RBI during statutory inspection.
Wed, Jun 30, 2021
The Reserve Bank of India (RBI) has fixed the average base rate for NBFC-MFIs to be charged from their borrowers at 7.98 per cent for the quarter starting July 1, 2021 The rate has been increased from 7.81 per cent that was applicable in the April-June quarter.
Tue, Jun 29, 2021
The month of July is almost here, and the Reserve Bank of India (RBI) has informed about the dates in July when public and private banking operations will remain closed.
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