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
Sun, Mar 19, 2023
Taxpayers who invest in tax-saving FDs can get a deduction under Section 80C of the Income Tax Act
India's home-grown payment products like UPI and RuPay network are increasing their global footprint and will make cross-border payments easier, Das said while inaugurating the Payment System Operators (PSO) Conference here.
Thu, Mar 16, 2023
Reserve Bank of India (RBI) governor, Shaktikanta Das, has been named Governor of the Year by the Central Banking Awards 2023 on Wednesday, March 15. Why our regulator is the strongest in the world? Must watch this video.
Should RBI pause rate hikes this time? How much relief for us from falling crude oil? How soon will India's inflation come down? Know from Anil Singhvi.
Mon, Mar 13, 2023
India's retail inflation edged down slightly to 6.44 per cent in February from January's three-month high of 6.52 per cent, according to the data released. Know more details in this video.
Sat, Mar 11, 2023
The Reserve Bank of India has often been informed of banks levying high charges on the MSME and retail segments for foreign exchange transactions and it is worrisome that there is no transparency in pricing for smaller customers. Watch this special report on India 360.
Tue, Mar 07, 2023
The governor expressed the hope to link the UPI platform with many more countries as many have expressed keen interest in doing so.
Tue, Feb 28, 2023
Boosted by ecommerce sales and online transactions, credit card spends in India topped over Rs 1 lakh crore for the 11th month in a row, according to data released by the Reserve Bank of India (RBI). Know the full news from Varun Dubey.
You must have come across several bank notes in circulation with something written on them with pen. But does it mean that the such notes are invalid and cannot be used as legal tender?
Fri, Feb 24, 2023
With restrictions in place, the banks, without prior approval of RBI, cannot grant loans, make any investment, incur any liability, and transfer or otherwise dispose of any of its properties.
Sat, Feb 18, 2023
The central bank proposes to impose a slew of curbs on a bank's trading and banking books and steeply increasing the penalties and provisioning ratios.
Fri, Feb 17, 2023
The paper said it used quarterly macro-financial data on the US and Indian economy to shed light on the effects of US monetary policy actions as well as monetary policy uncertainty on the domestic economy.
Wed, Feb 15, 2023
With 386.5 million registered transactions, the Bank is one of the top 10 remitter banks for UPI transactions, according to NPCI's latest report.
Mon, Feb 13, 2023
The common man has again suffered the blow of inflation. The annual retail inflation rate for India rose to 6.52 per cent in January from 5.72 per cent in December, government data showed today. CPI (Consumer Price Index) inflation was above the Reserve Bank of India's upper targeted limit of 6 per cent for the first time in three months. Will rising retail inflation rate increase the pressure on RBI? Watch a special discussion with Ajay Bagga on January CPI hike.
The annual retail inflation rate for India rose to 6.52 per cent in January from 5.72 per cent in December, government data showed today. CPI (Consumer Price Index) inflation was above the Reserve Bank of India's upper targeted limit of 6 per cent for the first time in three months. The retail inflation rate for rural and urban India was 6.85 per cent and 6.00 per cent, respectively.
Fri, Feb 10, 2023
Canara Bank's new RLLR will be 9.25 per cent after the rate cut, in comparison to the existing 9.40 per cent.
Thu, Feb 09, 2023
Leading public sector lenders Punjab National Bank (PNB) and Bank of Baroda (BoB) have raised their lending rates by up to 25 basis points following the interest rate hike by Reserve Bank earlier this week
In the latest Reserve Bank of India MPC meeting, RBI Governor Shaktikanta Das, announced that QR code-based coin vending machines in 12 cities soon. This will enhance the ease of access to coins, and distribution of coins using machines.
Wed, Feb 08, 2023
Today Reserve Bank of India increased the repo rate by 25 bps to 6.50 per cent. RBI has hiked the interest rates for the sixth time in a row this year. Announcing the monetary policy, RBI Governor Shaktikanta Das said that that it has now been decided that the penalty charge for delay or default in loan repayment will be limited and transparent. RBI said that the penalty imposed by banks or NBFCs cannot be a source of income. Watch this special report on India 360.
Home loan EMI is bound to increase after the repo rate hike. But is there any way by which you can reduce the rising interest burden? Know from Experts. Watch Money Guru.
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