Thu, May 09, 2024
Section 269SS of the Income Tax Act stipulated that an individual cannot accept a deposit or loan made by another person other than in the specified modes of payment. Under the section, the permissible cash limit is Rs 20,000.
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Tue, May 07, 2024
The new rules of RBI will not have any significant impact on the company... The draft guidelines will not have any impact on the company's profits... The company will grow by 15-20% in the next 5 years.. The company will soon be NPA free: Vivek Kumar Devangan, CMD, REC
Mon, May 06, 2024
Infrastructure-related NBFC stocks such as REC, IREDA and PFC plunged more around 6-12 per cent.
Mon, Oct 31, 2022
Monetary Policy Committee (MPC) Meeting: The Reserve Bank will submit a report to the government on its failure to keep the retail inflation rate below six per cent for three consecutive quarters beginning January 2022.
Sun, Oct 30, 2022
The monetary policy framework, which came into effect about six years ago, mandates the Reserve Bank of India (RBI) to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side.
The RBI`s Monetary Policy Committee (MPC) will meet on November 3 to discuss what it would tell the Centre as to why it was not able to restrain the inflation.
Sat, Oct 22, 2022
The genesis of financial sector reforms in India could be attributed to the recommendations of the Committee on the Financial System chaired by M Narasimham in 1991.
Thu, Oct 13, 2022
Official data released on a showed that the retail inflation based on Consumer Price Index (CPI) was at 7.41 percent in September. It was at 7 percent in August and 4.35 percent in September 2021
Tue, Oct 11, 2022
The existing ARCs have been given a glide path to meet the minimum net owned fund (NOF) requirement till April 2026, the RBI said in a circular amending the existing regulatory framework for such entities.
Currently, RBI guidelines allow industrial houses to hold a maximum of 10 per cent stake in private sector banks, but they cannot be a promoter.
The RBI said unhedged foreign currency exposure of any entity is an area of concern not only for the individual entity but also for the entire financial system.
Thu, Oct 06, 2022
After hitting a low in July 2021 on the back of Covid19 pandemic, Consumer Confidence Index (CCI) has continued its upward move and was recorded at 80.6 in the survey. It was at 77.3 in July 2022
Wed, Oct 05, 2022
AM Green Energy was the only company to issue masala bonds for the entire USD 502.79 million for a new project, as per the Reserve Bank (RBI) data.
RuPay credit card has been operational for the last four years, and all major banks are enabled and are issuing incremental cards for both commercial and retail segments.
Tue, Oct 04, 2022
Zee Business Top Picks 4th Oct'22: 'Reported frauds with delay': RBI imposes heavy penalty on this bank for non-compliance with RBI directions — check details
Mon, Oct 03, 2022
Zee Business Stock, Trading Guide 4 October 2022: The domestic equity market failed to maintain the momentum after closing strongly on Friday as benchmarks Nifty50 and Sensex dropped over one per cent each on Monday.
Fri, Sep 30, 2022
The Reserve Bank on Friday categorised 16 big non-banking financial companies, including LIC Housing Finance and Bajaj Finance, as upper-layer NBFCs that will be subject to an enhanced regulatory framework.
About 35 crore cards have been tokenised and the system is ready for the new norms which set in from October 1, the Reserve Bank said on Friday.
Motilal Oswal's Amit Sajeja said that there will be consolidation in the near term and by the end of this year, Rupee could test levels of 83.20 against the Dollar
RBI Monetary Policy Review, Reaction from experts, analysts and industry leaders: The monetary policy committee (MPC), comprising three members from the RBI and three external experts, raised the key lending rate or the repo rate to 5.90 per cent - the highest since April 2019 - with five out of the six members voting in favour of the hike.
The comments come a day after official data released by the Reserve Bank of India (RBI) showed that the CAD widened in the first quarter of the fiscal to 2.8 per cent of GDP.
"Keeping in view the similar nature of activities undertaken by online and offline PAs, it is proposed to apply the current regulations to offline PAs as well," Das said after announcing bi-monthly policy
The MPC also decided by a majority of 5 out of 6 members to remain focused on the withdrawal of accommodative policy stance to ensure that inflation remains within the target going forward, while supporting growth, said RBI Governor Shaktikanta Das.
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