Thu, May 16, 2024
RBI stressed the need to invest in Early Warning Systems, Stress Testing capabilities and Vulnerability Assessments, Monitoring of Cyber Key Risk Indicators.
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Fri, May 10, 2024
VP Nandakumar, managing director & CEO of the company, said, “Our highly popular product -- Online Gold Loan, that forms 50% of our gold loan book, follows a fully paperless process of application and disbursement. Even for the loans originating at branches, most of our customers prefer direct transfers. Moreover, our employees are trained to convince customers about the same as it promotes smooth operations."
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, Aug 22, 2022
Most banks are increasing their deposit rates for boosting deposit to support rising credit off-take as liquidity in the banking system has narrowed.
Sun, Aug 21, 2022
The Deposit Insurance and Credit Guarantee Corporation (DICGC) will be making payments to the eligible depositors of 17 cooperative banks, including eight from Maharashtra, in October.
Fri, Aug 19, 2022
On the price situation, the review said in absence of any further shocks, the downward movement of global commodity prices along with the RBI's monetary measures and the government's fiscal policies are expected to cap inflationary pressures in the coming months
Experts believe that through the move, the entire trading system, depository system and mutual fund system will be live on the account platform ecosystem
At its meeting from August 3 to 5, MPC decided to increase the benchmark lending rate by 50 basis points to 5.40 per cent with a view to tame inflation.
The central bank said the views expressed in the article are those of the authors and are not necessarily shared by the Reserve Bank of India.
“As clearly stated in the article itself, the views expressed in the article are those of the authors and do not represent the views of the Reserve Bank of India,” an RBI release said
Thu, Aug 18, 2022
In the reporting month, the central bank purchased USD 18.96 billion from the spot market and sold USD 22.679 billion, according to the RBI monthly bulletin for August 2022 released on Thursday
Sat, Aug 13, 2022
"It has been observed that the agents employed by REs have been deviating from the extant instructions governing the outsourcing of financial services," the RBI said in a release.
Thu, Aug 11, 2022
The Reserve Bank had on Wednesday tightened the norms for digital lending to prevent charging of exorbitant rates and to secure customer interest by checking unethical loan recovery practices
Zee Business campaign 'Operation Hafta Vasooli' brought a big impact. Reserve Bank of India (RBI) has taken steps to crack down on online frauds and illegal activities. RBI has issued guidelines to regulate digital lending. The central bank said that loan disbursement and repayment would be between the borrower and the bank account of the regulated entity only. There will be no interference of any third party in this. Watch this special report of Aapki Khabar Aapka Fayda.
Next Bank Holiday 2022: India is celebrating its 75th year of Independences and is also observing an Amrit Kaal
Wed, Aug 10, 2022
Zee Business campaign 'Operation Hafta Vasooli' brought a big impact. Today the Reserve Bank of India (RBI) has taken steps to crack down on online frauds and illegal activities. RBI has issued guidelines to regulate digital lending. The central bank said that loan disbursement and repayment would be between the borrower and the bank account of the regulated entity only. There will be no interference of any third party in this. Watch this exclusive report on India 360.
Under the new norms, all loan disbursals and repayments are required to be executed only between the bank accounts of borrower and the regulated entities (like banks and NBFCs) without any pass-through/ pool account of the Lending Service Providers (LSPs)
Tue, Aug 09, 2022
Penalty has been imposed on Mehsana Urban Co-operative Bank for non-compliance with certain provisions of the Reserve Bank of India.
Fri, Aug 05, 2022
"When there is a credit offtake, banks can sustain and support that credit offtake only if they have higher deposits. They cannot be relying on the central bank money on a perennial basis to support credit offtake they have to mobilise their own resources and funds," Das told reporters today
Ramani Sastri - Chairman & Managing Director at Sterling Developers Pvt. Ltd said that the RBI move might have an immediate impact on home buying on a short-term basis
Banks with a higher share of floating rates and a robust CASA-led deposit franchise should be placed well in this increasing interest rate environment as the current credit growth is looking up, Naveen Kulkarni , Chief Investment Officer (CIO) at Axis Securities opines.
HDFC Bank has already received in-principle approval from the Reserve Bank (RBI) for the merger with HDFC Ltd, among other approvals.
Wed, Aug 03, 2022
As per the survey, service providers that reported higher sales in July mentioned favourable demand conditions and fruitful advertising. However, growth was dampened by fierce competition and unfavourable weather, survey participants said.
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