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.
More >
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, Oct 13, 2023
The country's forex reserves dropped by a further USD 2.166 billion to USD 584.742 billion for the week ended October 6, the RBI said on Friday.
Fri, Oct 06, 2023
The household savings rate plummeted to a five-decade low in 2022-23 as people started spending after the restrictions on movement ended after the pandemic, the Reserve Bank of India said on Friday.
Sovereign Gold Bond unit is worth the value of one gram of the precious metal in the highest degree of purity.
Tue, Oct 03, 2023
After hiking the repo rate six consecutive times since last year, the RBI hit the pause button and kept the repo rate unchanged in the last three MPC meetings this year. The next bi-monthly MPC meeting is set to take place from October 4-6, with the decision set to be announced on Oct 6, 2023.
Wed, Sep 27, 2023
"The RBI will likely reduce their net domestic assets by selling bonds to balance that. Otherwise, you are raising money supply and risking inflation."
Sat, Sep 23, 2023
The Reserve Bank of India has issued guidelines for wilful defaulters across financial institutions.
Wed, Sep 20, 2023
Household financial borrowings in FY23 surged to 5.8 per cent of GDP, the second-highest in the post-independence period, it was 6.7 per cent of GDP in FY07, Motilal Oswal Financial Services said in a report.
Thu, Sep 14, 2023
The Reserve Bank of India (RBI) has issued new guidelines for loan settlement, which require banks and NBFCs to release all original movable and immovable property documents within 30 days of full repayment/settlement of the loan account. The move is aimed at addressing the issues faced by borrowers during loan settlement.
Wed, Sep 13, 2023
RBI issues rules for returning property documents, papers will have to be returned within 30 days of full loan payment
Fri, Sep 08, 2023
RBI review on I-CRR: The measure was intended to absorb the surplus liquidity generated by various factors, including the return of Rs 2000 notes to the banking system.
Thu, Aug 31, 2023
RBI data reveals that most credit card issuers saw an increase in spends during July.
Wed, Aug 30, 2023
Inflation: How effective will the government's steps against inflation prove to be and what needs to be done to deal with inflation? See in this special report
Mon, Aug 28, 2023
There will be a meeting between the RBI and the Ministry of Consumer Affairs tomorrow to control inflation.
Thu, Aug 24, 2023
The Reserve Bank enhanced the upper limit of an offline payment transaction to Rs 500 from the existing Rs 200 to promote the use of UPI-Lite wallet in areas where internet connectivity is weak or not available.
Sat, Aug 19, 2023
In the light of the RBI’s August 2023 bulletin, let's take a look at what the terms inflation and stagflation mean and what the central bank’s statement implies about the future of the Indian economy.
Fri, Aug 18, 2023
The newly launched Public Tech Credit platform will help in seamless disbursal of non-collateral based loans for Micro, Small and Medium Enterprises (MSMEs), Kisan Credit Card loans up to Rs 1.6 lakh, dairy loans, personal loans, and home loans.
Fri, Aug 11, 2023
RBI's supervisory reviews have uncovered instances where the tenor of floating rate loans has been extended by lenders without the proper consent or communication to borrowers. To rectify this, the central bank is implementing a comprehensive conduct framework for Regulated Entities (REs).
With the RBI maintaining the status quo on repo rate, borrowers need to understand how their repayment plans can be affected. The interest rates are unlikely to be impacted as the RBI has kept the repo rate unchanged. So, your home loan EMI may not go up soon.
Thu, Aug 10, 2023
Reserve Bank Deputy Governor Swaminathan J on Thursday asked banks to double down on recovery efforts to limit the losses from the write-off of loans, saying it will help them post higher profits.
Tue, Aug 08, 2023
According to the latest Reserve Bank of India guidelines, banks can charge a maximum of Rs 21 on each withdrawal beyond the number of free transactions. Most banks offer 5 free transactions to customers each month.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.