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.
Sun, Apr 24, 2016
"The referee institutions have become strong and one consequence of bad governance we face in the banking system is the writing off the assets or non-performing assets (NPAs)," said the Chief Economic Adviser at a function on Saturday.
Thu, Apr 21, 2016
Rajan explains what was implied by the 'one-eyed king' comment after drawing criticism from the government. Read full speech.
Wed, Apr 20, 2016
Rajan said that while speakers should be more careful with words, listeners should not look for insults everywhere, and should place words in context so as to understand the intent
Tue, Apr 19, 2016
"We`re still in an accommodative mode. Precisely when and by how much we will raise interest rates, we will have to see."
Mon, Apr 18, 2016
The report expects RBI on August 9 to further cut of 25 basis points as CPI inflation came in at a below-expected 4.8% for March
Tue, Apr 12, 2016
RBI said that the idea is to make regulations more responsive to technological developments and innovations in the payment space.
Mon, Apr 11, 2016
On the Kingfisher Airlines' default, Rajan said it is important to learn from mistakes and move on.
Thu, Apr 07, 2016
Watch 'this segment of news and catch the exclusive interview of RBI governor 'Raghuram Rajan'. To know more watch this full video here.
Wed, Apr 06, 2016
Most stakeholders, including bankers and experts were vying for a rate cut on Tuesday.
Rajan, while speaking to the media after the monetary policy review, said that RBI is a part of the investigation.
RBI on Tuesday cut lending rates by 25 bps, the first cut in six months.
RBI submitted a long list of big loan defaulters to the Supreme Court recently but asked it to keep the names under wraps.
JLL India Chairman and Country Head Anuj Puri said that the 25 bps rate cut was largely in line with the market expectations.
Zee Business is one of the leading and fastest growing Hindi business news channels in India. The channel has revolutionized business news by its innovative programming and path-breaking strategy of making business news a 24/7 activity as it is not just limited to the stock market.
Watch this breaking news and get to know latest news related to credit policy.
The Reserve Bank of India (RBI) has cut the key lending repo rate by 25 basis points (0.25%) in its first bi-monthly policy review of the financial year 2016-17 on Tuesday.
Tue, Apr 05, 2016
Watch Expert analysis on policy outcomes of RBI in our special Share Bazar and stay updated with the latest news and updates of share market and stock exchange.
Tue, Mar 29, 2016
Foreign investors would also be allowed to buy up to Rs 35 billion in state government debt for each of those two periods, the RBI said.
Mon, Mar 21, 2016
S&P BSE Bankex has rallied about 13 percent this month after government unveiled a fiscally prudent budget and as the central bank eased rules on how banks can account for capital to meet Basel III needs.
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