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.
Sun, Sep 19, 2021
RBI has said NBFCs, Payment System Providers and Payment System Participants desirous of obtaining Aadhaar Authentication License - KYC User Agency (KUA) License or sub-KUA License, may submit their application to the central bank for onward submission to Unique Identification Authority of India (UIDAI)
Thu, Sep 16, 2021
"In August, we believe that India passed a turning point which consolidates and thrives come September," said the article authored by a team lead by RBI Deputy Governor Michael Debabrata Patra.
The Reserve Bank of India (RBI) in a letter dated September 15, 2021, has approved the constitution of 'Special Committee of Directors' with three independent directors as its members, Ujjivan SFB said in a regulatory filing on Thursday
Tue, Sep 14, 2021
The Reserve Bank of India (RBI) on Tuesday issued a warning, informing the general public against recent upticks in fraudulent activity.Even after that, why are these kind of cases increasing? To find out, watch this report.
This will allow users of each of the two fast payment systems to make instant, low-cost fund transfers on a reciprocal basis without a need to get onboarded onto the other payment system
Mon, Sep 13, 2021
RBI has also informed that the process of periodic updation of KYC has been simplified to a large extent in a circular dated May 10, 2021.
Sat, Sep 11, 2021
The Reserve Bank of India (RBI) has extended restrictions on People`s Co-operative Bank Limited, Kanpur, for a further period of three months from September 11 to December 10.
Fri, Sep 10, 2021
For the week ended September 3, the increase was on account of a rise in foreign currency assets, a major component of the overall reserves, RBI weekly data released on Friday showed.
Thu, Sep 09, 2021
RBI Governor Shaktikanta Das on Thursday said many fast indicators are showing an uptick in economic activity and the Reserve Bank is quite optimistic about its 9.5 per cent GDP growth estimate for FY2021-22 at present.
Wed, Sep 08, 2021
The restrictions disable banks in several ways to lend freely and force them to operate under a restrictive environment that turns out to be a hurdle to growth.
Tue, Sep 07, 2021
For transaction tracking and/or reconciliation purposes, entities can store limited data – last four digits of actual card number and card issuer’s name – in compliance with the applicable standards, an RBI directive said
Tue, Aug 31, 2021
The two companies have applied under the RBI's on-tap licensing guidelines released by the central bank in December 2019.
Thu, Aug 26, 2021
The Reserve Bank of India (RBI) has on Wednesday said it has imposed a penalty of Rs 15 lakh on The Baghat Urban Co-operative Bank Limited, Solan, for violation of certain norms, including, those related to NPA classification, a PTI report said.
Wed, Aug 18, 2021
The RBI article was referring to the IPO of Zomato which got oversubscribed 38 times.
Debut offerings by Indian unicorns -- unlisted start-ups -- kicked off by a food delivery app's stellar IPO that was oversubscribed 38 times, have set domestic stock markets on fire and global investors in a frenzy.
The open market purchase was announced by the RBI after the Monetary Policy Review meeting early this month.
The branch-wise locker allotment information and the waiting list of banks will be linked to the core banking system.
Sun, Aug 15, 2021
"As per the data submitted by the bank, 95 per cent of the depositors will receive full amounts of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC)," the central bank said while announcing cancellation of the bank's licence
Fri, Aug 13, 2021
According to the report, the MPC stood pat in the latest review, but in an interesting departure, announced a small increase in the absorption of surplus liquidity through variable rate reverse-repo operations.
Tue, Aug 10, 2021
The RBI will start imposing penalty on banks in case the ATMs remain out-of-cash for a total period of 10 hours in a month from October 1, 2021, onwards.
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