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
Fri, Feb 11, 2022
Ramesh Iyer says that the company's net NPA Stage-3 will come down to 4% by March 2022 during an exclusive interview with Swati Khandelwal, Zee Business.
Thu, Feb 10, 2022
Ajay Vaswani, Senior Vice President at ITI Long Short Equity Fund decodes the strategy of a long-short fund and how it minimize risks amid volatility:
The Reserve Bank of India on February 10, increased the NACH mandate limit for TReDS settlement to Rs 3 crore.
The Reserve Bank of India has announced extension of the on-tap liquidity window for contact-intensive sectors till June 30, 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
India’s real Gross Domestic Growth (GDP) rate for the financial year FY2023 is projected at 7.8 per cent. Reserve Bank of India (RBI) Governor Shaktikanta Das said today while announcing the key policy rates. He was speaking during a conference after the conclusion of the three-day Monetary Policy Committee (MPC) meeting which began on Tuesday.
RBI Governor Shaktikanta Das said on Thursday that India is charting a different course of recovery than the rest of the world to become the fastest-growing economy.
Wed, Feb 09, 2022
Will RBI change interest rates this time? How much increase in interest rates is possible? With all these questions Zee Business conducted a poll.
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.
Tue, Feb 01, 2022
The finance minister said "With the aim to take Digital Banking to every citizen. 75 digital banking units in 75 districts of the country will be launched".
Fri, Jan 28, 2022
We spoke to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors on how Oil, Omicron, Inflation will impact interest rates in 2022.
Thu, Jan 27, 2022
Ashhish Vaidya, Head of Treasury, DBS Bank India said that the market is already pricing in a 100-bps hike in policy rates by US Fed.
Wed, Jan 26, 2022
FIIs have remained net sellers in the Indian markets for the quarter ended December 2021 pulling out more than Rs 1 lakh cr in the cash segment of Indian equity markets in the October-December period.
The union government on Tuesday had notified the scheme of amalgamation of the PMC Bank and the Unity SFB with effect from January 25, the bank's depositors can now withdraw their money in a phased manner or continue to have their accounts with the new entity.
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
Mon, Jan 17, 2022
In an interview with Zeebiz's Kshitij Anand, Cheruvu believes that in CY22 big companies like LIC, GoAir etc. are on the cards. Overall ~Rs. 1.5-2Lakh cr. more worth of IPOs are in the pipeline expected for 2022.
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
Fri, Jan 07, 2022
Finance Minister Nirmala Sitharaman has convened a meeting with the heads of public sector banks on Friday to review their preparations to deal with any potential disruptions caused by the Omicron variant, as per the PTI report.
Thu, Jan 06, 2022
These newly-formed guidelines said that a company's net worth must be at least Rs 2 crore and owned and controlled by resident Indian citizens to become a designated user with a credit bureau, which comes amid accusations of lending applications with Chinese ties functioning in India.
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