Fri, Apr 26, 2024
The allocation of incremental changes in the g-sec limit (in absolute terms) over the two sub-categories – 'General' and 'Long-term' – will be retained at 50:50 for 2024-25.
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The effect of RBI's strictness is also visible on the results of banks... There is not much improvement in the results of IT companies: Dilip Bhatt, Founder, Pedigree Advisory
While issuing the guidelines in June 2023, the RBI had said that banks must ensure that the total amount of DLG cover on any outstanding portfolio -- which is specified upfront -- shall not exceed five per cent of the amount of that loan portfolio.
Wed, Jun 15, 2022
Zee Business sting 'Operation Hafta Vasooli' brought big impact. RBI may bring regulatory guidelines related to digital loans by the end of June. Licenses of a dozen NBFCs linked to digital loan app will be cancelled. Know full details from Anurag Shah.
In May, net outflows from income or debt oriented schemes stood at Rs 32,722 cr which was in sharp contrast from the performance of open ended debt schemes in April and witnessed a net inflow of Rs 54,756 cr in April. As for closed ended debt schemes, the net outflow was Rs 10,573.56 cr
The country’s largest lender SBI has raised its deposit and lending rates following the Reserve Bank’s repo rate hike last week.
Tue, Jun 14, 2022
Fitch Ratings on Tuesday said the Reserve Bank is likely to raise interest rates further to 5.9 per cent by December 2022, on deteriorating inflation outlook.
Reserve Bank of India (RBI) on last Wednesday raised the interest rate by 50 basis points to a two-year high of 4.9 per cent as it doubled down to tame inflation that has surged in the last couple of months.
Mon, Jun 13, 2022
Commrcial and Private banks increase landing rate in market after repo rate increased by reserve bank of india. Now home laon, car loan, personal loan will become expensive. here you know more about in this video.
The central bank on June 8, 2022, allowed credit cards to be linked with the unified payments interface (UPI), starting this facility with Rupay cards.
The MD and CEO position has been filed nearly six months after Vishwavir Ahuja stepped down from the position due to the Reserve Bank of India’s intervention.
Sat, Jun 11, 2022
UPI had a monthly payment of Rs 9.6/9.8 trillion in March/April 2022 compared to around Rs 1 trillion of credit cards during the same period.
The Reserve Bank on Friday issued fresh provisioning norms for urban cooperative banks' inter-bank exposure as well as valuation of their perpetual non-cumulative preference shares and equity warrants, directing them to continue making provisions to the tune of 20 per cent for such exposures.
Fri, Jun 10, 2022
Revenue Secretary Tarun Bajaj said tax revenue collections in an ongoing fiscal year are expected to be far better than the budget estimates. Last fiscal year, indirect taxes grew at 20%, and direct taxes by 49%.
Thu, Jun 09, 2022
RBI MPC: While the RBI has increased the repo rate by 50 bps to 4.9% that will make home loans dearer, the move may not have a material impact on the real estate sector, experts opined. The reason behind this optimism is the affordability factor which still remains high, they say
Relief to co-operative banks by RBI, but which stock will be harmed? Watch Zee Business exclusive research on RBI announcements with Armaan Nahar.
OmniCard users can withdraw cash from any ATM at their convenience with full security from frauds like card theft, card cloning, and PIN skimming as the withdrawal facility comes with high safety & secure features and protects the user from exposing their money and bank account details, an official statement said.
Wealth Guide: RBI Policy Impact: "As higher repo rates would eventually increase the cost of funds for the lenders, floating rate loans linked to MCLR and previous benchmarks would be eventually increased by the lenders depending on the change in their cost of funds."
Wed, Jun 08, 2022
Eight entities, including SIDBI, have been allowed to test their fintech products for MSME lending as part of the third cohort under RBI's regulatory sandbox scheme
What are the 3 big announcements related to cooperative banks? Which is the big announcement of RBI for common people? Know important things of Credit Policy. Anurag Shah is reporting directly from RBI Headquarters. Watch this video.
Real GDP growth for the year has been retained at 7.2%. MPC noted that inflation is likely to remain elevated for the first three quarters of the current financial year, seeing inflation fot the year at 6.7%.
Reserve Bank on Wednesday doubled the maximum loan amount that a cooperative bank can lend to an individual to up to Rs 1.40 crore in view of the surge in housing prices
RBI Monetary Policy Meeting June 2022 Outcome: All the six members of the Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, unanimously voted for the latest rate hike.
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