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.
Mon, May 09, 2016
The apex court also issued notice to the Centre as well as to the CBI in this regard.
The Reserve Bank of India has introduced a research internship scheme to give newly-graduated students a chance to learn the nuances of central banking.
Sun, May 08, 2016
"If the UPI adoption continues mobile wallets like SBI's Buddy, ICICI Bank's Pockets, HDFC Bank's Chillr and Paytm will be redundant," said the report.
"We are very happy to make that list public. In fact my people are working on making sure that we can put that list up in an accessible way," said Rajan.
Rajan warned taxi hailing apps that compliance to regulation is a must no matter if it is good, bad or ugly.
Thu, May 05, 2016
The apex bank has sought views/comments on the draft guidelines from banks, non-banking financial institutions, industrial houses, other institutions and the public at large.
Wed, May 04, 2016
The proportion of credit in terms of amount outstanding to industry was highest at 42 per in reporting quarter.
Tue, May 03, 2016
The Noida-headquartered company had received an in-principle approval from RBI to set up a payments bank in August last year.
Mon, May 02, 2016
Following three consecutive months of growth, Indian manufacturers saw incoming new orders broadly stagnate in April.
Sun, May 01, 2016
Not satisfied with earlier response, Public Accounts Committee (PAC) has examined Rajan's response but can ask the RBI Governor to appear before it in future once it is reconstituted
Sat, Apr 30, 2016
For the full year 2015-16, the company's profit after tax was up 31% to Rs 568 crore from Rs 435 crore posted last year.
Wed, Apr 27, 2016
The public issue of Ujjivan, which is scheduled to close on May 2, comprises fresh issuance of shares worth Rs 358.16 crore and an offer for sale of up to 24,968,332 shares by the existing shareholders.
The third-largest private sector lender, on Tuesday negatively surprised markets with a 1% drop in March quarter profit at Rs 2,154 crore on higher provisions and set aside money in a buffer expecting deterioration in asset quality in future.
There has been a low demand for houses in the residential property market which has left the real estate developers with an unsold inventory.
Tue, Apr 26, 2016
This defaulters list, that Reserve Bank of India Governor Raghuram Rajan so fiercely protected to be made public, has been outed by Newslaundry--a news portal.
"I am hopeful that as interest rates come down, there will be more credit and buying. And I am also hopeful that prices adjust in a way that encourage people to buy," Rajan said
The RBI Governor was quick to acknowledge that many businesses are in different stages of their life-cycle with some trying to establish the viability.
Mon, Apr 25, 2016
They could see negative pressure on their credit profile if the government does not revise upwards its capital infusion plans, said the Moody's report
Sun, Apr 24, 2016
The company has recorded a high net income of Rs 27,680 crore in the fiscal ended March 31, 2016.
RBI Governor Raghuram Rajan, currently in the eye of the storm over his 'one-eyed is king among blind' remark, may be the most powerful person at the central bank, but he does not appear to be the top-paid one!
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