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, Aug 04, 2021
The Reserve Bank of India has changed the National Automated Clearing House (NACH) rules, and these new banking rules have already come into effect from August 1, 2021.
Sun, Aug 01, 2021
The RBI is scheduled to announce its bi-monthly monetary policy review on August 6 at the end of the three-day meeting -- August 4-6 -- of the Monetary Policy Committee (MPC)
Thu, Jul 29, 2021
The RBI on Thursday cancelled the licence of The Madgaum Urban Co-operative Bank Limited, Margao, Goa, as the bank with its current financial position would be unable to pay its present depositors in full
Wed, Jul 28, 2021
PSPs include prepaid payment instrument (PPI) issuers, card networks, white label ATM (WLA) operators and trade receivables discounting system (TReDS) platforms.
The Reserve Bank of India (RBI) on Tuesday said it has imposed a penalty of Rs 5 crore on Axis Bank for contravention of certain provisions of directions issued by the RBI, including on cybersecurity framework. WATCH | Click on Zee Business Live TV Streaming Below:
Mon, Jul 26, 2021
Under the new rules, the National Automated Clearing House (NACH) services will be available seven days a week.
Thu, Jul 22, 2021
Central Bank Digital Currency (CBDC) is needed to protect consumers from the "frightening level of volatility" seen in some of the virtual currencies which have no sovereign backing, RBI Deputy Governor T Rabi Sankar said on Thursday
Thu, Jul 15, 2021
The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard from onboarding new domestic customers on its network from July 22, 2021. According to RBI, the action has been taken against Mastercard for violating the central bank's norms on storage of payment systems data.
Attributing the rise in inflation to the supply side disruptions on account of the pandemic and hardening of commodity prices in the international market, the RBI article opined that these factors should ease over the year as supply-side measures take effect
Speaking at the Economic Times Financial Inclusion Summit, Das noted that considering the complementary role played by microfinance in bridging the gaps at the last mile, a consultative document for harmonising the regulatory frameworks for various regulated lenders in the microfinance space was issued recently
The Central Bank has released the interview schedule for the Officers in Grade B- DR (General), DEPR/DSIM-2021 candidates who have qualified for the written examination.
Wed, Jul 14, 2021
RBI banned Mastercard Asia/Pacific Pte Ltd (Mastercard) from adding new domestic (debit, credit or prepaid card) customers to its network with effect from July 22, 2021.
The bank ceases to carry on banking business, with effect from the close of business on Wednesday.
However, the current order will not affect the existing customers of Mastercard.
Tue, Jul 13, 2021
Core inflation (CPI excluding food, fuel and pan, tobacco) moderated to 6.2 per cent, with flat sequential momentum following a surge of 1.5 per cent M-oM in May.
RBI notifies the terms and conditions for the Sovereign Gold Bond scheme from time to time.
Mon, Jul 12, 2021
Under this facility, retail investors will have the facility to open and maintain the Retail Direct Gilt Account (RDG Account) with RBI, the central bank said.
The Reserve Bank of India (RBI) Monday told the Delhi High Court that it has given in-principle approval for setting up a small finance bank which will take over the scam-hit PMC Bank soon
Wed, Jul 07, 2021
The penalties have been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1), of the Banking Regulation Act, 1949, as applicable.
This will help retail and wholesale trade benefit from priority sector lending under RBI guidelines.
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