Tue, Dec 03, 2024
Banks should adopt a "bottom-up" approach for preparing credit plans to fulfil fund requirements for different segments in districts, RBI Deputy Governor Swaminathan J has said.
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Mon, Dec 02, 2024
What does India's latest GDP reading mean for the economy? Is it in line with the Q2 corporate earnings? Can you expect a recovery in the rate of economic growth going forward? Read on to learn more about these aspects as India waits the calendar year's last RBI policy statement due on December 6.
Sun, Dec 01, 2024
It was widely anticipated that the RBI would start reducing the benchmark interest rates soon but the central bank will have little option this time around as the latest print of retail inflation is above 6 per cent.
Sat, Sep 30, 2023
The RBI's Standing Advisory Committee (SAC) reviewed the flow of credit to Micro, Small and Medium Enterprises on Friday at its meeting held in Lucknow, a central bank said in a release.
Thu, Sep 28, 2023
India's external debt rose by $4.7 billion in the April-June quarter to touch the USD 629.1 billion mark, although the debt-GDP ratio declined, RBI data released on Thursday showed.
India's current account deficit narrowed to USD 9.2 billion or 1.1 per cent of GDP for the April-June period, the Reserve Bank said on Thursday.
Wed, Sep 27, 2023
Online banking services will be available for transactions and checking balances.
Tue, Sep 26, 2023
A person's savings can be increased by making necessary investments and cutting down on extra expenses.
The RBI, however, does not prefer MSS and would opt for OMOs as the latter gives it more direct control on the securities, one of the sources said.
Tue, Sep 19, 2023
RBI on inflation news: Vegetable prices eased in August and brought down retail inflation to 6.8 per cent. This is likely to continue in September, the Reserve Bank of India said in its monthly bulletin.
Mon, Sep 18, 2023
Fake Loan Apps: When will the black book open about apps that incite customers to commit suicide by giving small loans? Watch this special discussion in India 360
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
As per the RBI’s latest circular, the lenders will pay a compensation of Rs 5,000 per day to borrowers for delay in returning the property documents.
Sun, Sep 10, 2023
Sovereign Gold Bond Scheme 2023-24: Today is the fourth day of the subscription and the issue price for the Sovereign Gold Bond Scheme 2023-24 Tranche 2 has been fixed at Rs 5,923 per gram by the Reserve Bank of India.
Thu, Sep 07, 2023
Last month, in its circular RBI asked lenders to take into account the repayment capacity of borrowers at the time of approving floating rate based personal loans or home loans.
Tue, Sep 05, 2023
Earlier, Advik Capital reported a surge of around 140 per cent in net profit in the first quarter of the financial year 2024-25.
People often leave their credit cards unused, increasing the chances of the card being deactivated. Even if you don’t use a credit card, the card issuer may still continue to levy annual fees and charges.
The Reserve Bank of India in its latest move has approved the inclusion of pre-approved credit lines or loans for UPI transactions.
Wed, Aug 30, 2023
This month the bank will be closed for 18 days on account of certain holidays in different states, including the second and fourth Saturdays and all Sundays.
Sun, Aug 27, 2023
The government's supportive policies also include legislative initiatives such as the implementation of the goods and services tax (GST), which has decreased market fragmentation and hence increased price discovery for a variety of items.
Allowing financing of electric vehicles under priority sector lending would reduce the cost of finance and could lead to their wider adoption.
Fri, Aug 25, 2023
The NBFC stock has delivered multibagger returns to its investors. According to BSE data, it has made its investors richer by a whopping 97 per cent in the last year.
Thu, Aug 24, 2023
RBI has increased the transaction limit for offline payments through UPI Lite wallet from Rs 200 to Rs 500.
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