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.
Sat, Jun 25, 2022
Tokenization limit extended till 30th September. Card tokenization will be applicable from October 1. Tokenization will make payment more secure. Know full details from Anurag Shah.
Reserve Bank of India’s (RBI) restrictions on fintech companies providing credit through prepaid instruments is having an impact on their businesses. Several companies have halted transactions on their platforms for the customers. Fintechs halt PPI and BNPL services. Fintech companies are seeking further clarity from the RBI. Zee Business Anurag Shah brings this report.
Fri, Jun 24, 2022
Reserve Bank of India’s (RBI) restrictions on fintech companies providing credit through prepaid instruments is having an impact on their businesses. Several companies have halted transactions on their platforms for the customers. Zee Business’ Anurag Shah brings this report
RBI on Friday announced extension of its tokenisation norms from an earlier June 30, 2022 deadline by three more months to September 30, 2022. The step was taken after consultation with the stakeholders and to avoid disruption and inconvenience to cardholders
Wed, Jun 22, 2022
Reserve Bank of India's new card tokenisation system is all set to be applicable from July 1, 2022. Card Tokenisation System will be applicable on credit and debit cards both. This new system is going to change the way online transactions happen in India. Here is all you need to know.
Tue, Jun 21, 2022
The Reserve Bank has asked non-bank prepaid payment instrument (PPI) issuers not to load their wallets and cards from credit lines or preset borrowing limits
Hit by the upheavels in stock markets, traders may see another set back in the form of higher margin trade funding. Zee Business' has learnt through its top sources that broking firms have increased interest on margin trade funding
Mon, Jun 20, 2022
Sovereign Gold Bond Scheme is open from 20 june till 24 june 2022. One can invest in gold with 50 rs per gram discount through this scheme. here you know how to invest in this scheme.
Sat, Jun 18, 2022
RBI has given big relief to Mastercard. The Reserve Bank has lifted the ban on the company. RBI had banned the issuance of new cards on MasterCard from July 2021 for non-compliance with the guidelines for data storage. Which banks will benefit from the relief to Mastercard? Know from Kushal Gupta
Fri, Jun 17, 2022
India`s central bank is not behind the curve and is confident of exiting from ultra-loose monetary policy smoothly and ensuring a soft landing for the economy
On Thursday, RBI has given a big relief to Mastercard. The Reserve Bank has lifted the ban on the company. RBI had banned the issuance of new cards on MasterCard from July 2021 for non-compliance with the guidelines for data storage.
Wed, Jun 15, 2022
Zee Business sting 'Operation Hafta Vasooli' brought big impact. RBI may bring regulatory guidelines related to digital loans by the end of June. Licenses of a dozen NBFCs linked to digital loan app will be cancelled. Know full details from Anurag Shah.
In May, net outflows from income or debt oriented schemes stood at Rs 32,722 cr which was in sharp contrast from the performance of open ended debt schemes in April and witnessed a net inflow of Rs 54,756 cr in April. As for closed ended debt schemes, the net outflow was Rs 10,573.56 cr
The country’s largest lender SBI has raised its deposit and lending rates following the Reserve Bank’s repo rate hike last week.
Tue, Jun 14, 2022
Fitch Ratings on Tuesday said the Reserve Bank is likely to raise interest rates further to 5.9 per cent by December 2022, on deteriorating inflation outlook.
Reserve Bank of India (RBI) on last Wednesday raised the interest rate by 50 basis points to a two-year high of 4.9 per cent as it doubled down to tame inflation that has surged in the last couple of months.
Mon, Jun 13, 2022
Commrcial and Private banks increase landing rate in market after repo rate increased by reserve bank of india. Now home laon, car loan, personal loan will become expensive. here you know more about in this video.
The central bank on June 8, 2022, allowed credit cards to be linked with the unified payments interface (UPI), starting this facility with Rupay cards.
The MD and CEO position has been filed nearly six months after Vishwavir Ahuja stepped down from the position due to the Reserve Bank of India’s intervention.
Sat, Jun 11, 2022
UPI had a monthly payment of Rs 9.6/9.8 trillion in March/April 2022 compared to around Rs 1 trillion of credit cards during the same period.
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