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.
Tue, Feb 15, 2022
Cryptocurrencies are akin to Ponzi schemes or worse and banning them is the most sensible option for India to avoid the threat they pose to financial and macroeconomic stability, Deputy Governor at the Reserve Bank of India (RBI) T Rabi Sankar said on Monday
Mon, Feb 14, 2022
India's central bank is committed to its inflation mandate and the likely uptick in January inflation towards the upper end of its target band should not create any panic, central bank chief Shaktikanta Das said on Monday
Reserve Bank Governor Shaktikanta Das on Monday said the decision with respect to issuance of sovereign green bonds announced in the Budget will be taken next month
Thu, Feb 10, 2022
The Reserve Bank on Thursday increased the cap on the e-RUPI prepaid digital vouchers to Rs 1 lakh from Rs 10,000 and permitted its usage multiple times to facilitate digital delivery of various government schemes to the beneficiaries.
CPI inflation is expected to peak in Q4 of FY22 but is expected to say with the tolerance band of 4+/-2 per cent, RBI Governor Shaktikanta Das today said while delivering his Monetary Policy announcements
While making concluding remarks on RBI Monetary Policy Committee (MPC) announcements, RBI Governor Shaktikanta Das remembered legendary singer Lata Mangeshkar, who passed away recently.
Wed, Feb 09, 2022
RBI Monetary Policy Feb 2022 Announcements, MPC Meeting Outcome: This was the first MPC meeting after presentation of Budget 2022-23 in Parliament on February 1.
Tue, Feb 08, 2022
RBI Monetary Policy Expectations LIVE UPDATES: The Reserve Bank's rate-setting panel began its three-day deliberations on Tuesday to decide the next monetary policy in the backdrop of Budget 2022-23, inflationary concerns and evolving geo-political situation.
Mon, Feb 07, 2022
Even though there was an announcement of tax on crypto gains, it is still not considered legal in India. Here's why.
India`s central bank is expected to hold its repo rate steady on Thursday but several economists are expecting an increase in the reverse repo rate as part of a process to reduce surplus liquidity poured into markets earlier in the pandemic.
Thu, Feb 03, 2022
The Reserve Bank of India will issue a digital rupee soon. The digital currency by RBI will be based on blockchain technology the tech behind Bitcoin and other popular cyrptocurrencies.
The bank has failed to comply with the requirements of Sections 22(3) (a), 22 (3) (b), 22(3)(c), 22(3) (d) and 22(3)(e) read with Section 56 of the Banking Regulation Act, 1949.
Indian government may reduce its planned record market borrowing of 14.95 trillion rupees ($200 billion) by as much as 600 billion rupees for the next fiscal year, Reuters reported citing two government sources
Mon, Jan 24, 2022
A penalty of Rs 4 lakh has been imposed on The Associate Co-operative Bank Ltd, Surat (Gujarat) for contravention of directions on 'Loans and advances to directors, relatives and firms/concerns in which they are interested', and non-compliance with the Master Directions on KYC
Sat, Jan 22, 2022
Shadow banking players must give utmost importance to protection of customers as it is "non-negotiable" Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao on Friday urged the NBFC sector.
Thu, Jan 20, 2022
Reserve Bank of India (RBI) has simplified rules for the Non Banking Finance Companies or NBFCs. The banking regulator has simplified rules for the factoring business
The scam happens via an e-mail allegedly sent by RBI. The fraud email claims to offer Rs 4 crores 62 lakhs on payment of Rs 12,500.
Wed, Jan 12, 2022
RBI has released the Annual Report of the Ombudsman Schemes for the year 2020-21, which has been prepared for the nine-month period from July 1, 2020, to March 31, 2021, in alignment with the change in the financial year of the RBI from 'July-June' to 'April-March' with effect from July 1, 2020
Tue, Jan 04, 2022
Both the Payment System Operators (PSOs) had authorisation for issuance and operation of prepaid payment instruments.
Withdrawing cash from the bank ATMs has become dearer now. Banks will now be charging Rs 21 from the customers for every transaction made by them beyond the free limit. Source: PTI
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