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.
Thu, Jul 15, 2021
Speaking at the Economic Times Financial Inclusion Summit, Das noted that considering the complementary role played by microfinance in bridging the gaps at the last mile, a consultative document for harmonising the regulatory frameworks for various regulated lenders in the microfinance space was issued recently
The Central Bank has released the interview schedule for the Officers in Grade B- DR (General), DEPR/DSIM-2021 candidates who have qualified for the written examination.
Wed, Jul 14, 2021
RBI banned Mastercard Asia/Pacific Pte Ltd (Mastercard) from adding new domestic (debit, credit or prepaid card) customers to its network with effect from July 22, 2021.
The bank ceases to carry on banking business, with effect from the close of business on Wednesday.
However, the current order will not affect the existing customers of Mastercard.
Tue, Jul 13, 2021
Core inflation (CPI excluding food, fuel and pan, tobacco) moderated to 6.2 per cent, with flat sequential momentum following a surge of 1.5 per cent M-oM in May.
RBI notifies the terms and conditions for the Sovereign Gold Bond scheme from time to time.
Mon, Jul 12, 2021
Under this facility, retail investors will have the facility to open and maintain the Retail Direct Gilt Account (RDG Account) with RBI, the central bank said.
The Reserve Bank of India (RBI) Monday told the Delhi High Court that it has given in-principle approval for setting up a small finance bank which will take over the scam-hit PMC Bank soon
Wed, Jul 07, 2021
The penalties have been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1), of the Banking Regulation Act, 1949, as applicable.
This will help retail and wholesale trade benefit from priority sector lending under RBI guidelines.
Mon, Jul 05, 2021
The Reserve Bank on Monday said the first purchase of government securities for an aggregate amount of Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) will be conducted on July 8.
Thu, Jul 01, 2021
The second wave of the pandemic took a "grievous toll" on India, but the dented economic activity has started recovering from late-May, Reserve Bank Governor Shaktikanta Das said on Thursday
Tue, Jun 22, 2021
by Deepak Yadav
Fri, Jun 11, 2021
The Reserve Bank of India has made some big changes in the Automated Teller Machine (ATM) rules.
Sat, Jun 05, 2021
The Reserve Bank of India (RBI) on Friday, June 4, said the National Automated Clearing House (NACH) will be operational on all days, including weekends.
Fri, Jun 04, 2021
The Reserve Bank of India (RBI) has cut the economic growth forecast for the current fiscal (FY22) from 10.5 percent to 9.5 percent, Governor Shaktikanta Das announced at a briefing on Friday, 4 June.
RBI Monetary Policy Review: Expert Ajay Bagga said that there is clarity on inflation and Gross Domestic Product (GDP) growth in the Monetary Policy announcements by the Reserve Bank of India (RBI) Governor Shaktikanta Das. In a chat with Zee Business Managing Editor Anil Singhvi, Bagga said that as a thumb rule one must consider a 1 per cent GDP fall from the day of lockdowns
In the bi-monthly Monetary Policy announcements on Friday, the Reserve Bank of India Governor Shaktikanta Das extended the availability of the National Automated Clearing House or NACH on all days of the week
RBI Monetary Policy Review: The Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy faces heat of the second COVID wave.
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