Fri, Apr 26, 2024
The underwriting commission will be credited to the current account of the respective primary dealers with the Reserve Bank of India (RBI) on the day of the issue of securities. This auction presents an opportunity for primary dealers to participate in the underwriting process and contribute to the government's financing activities.
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Wed, Apr 24, 2024
Prosus-backed PayU has secured approval from the Reserve Bank of India to function as a payment aggregator, enabling them to onboard new businesses for online payment acceptance.
RBI bars Kotak Mahindra Bank: The central bank said that even after repeated warnings, the bank did not make any improvements, hence the decision.
Thu, Mar 17, 2022
The Reserve Bank of India (RBI) remained a net seller of the US currency in January 2022, selling USD 771 million in the spot market.
Tue, Mar 15, 2022
There is no plan to introduce cryptocurrency by the government, Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha on Tuesday.
Mon, Mar 14, 2022
Retail inflation inched up to an eight-month high of 6.07 percent in February, remaining above the RBI's comfort level for the second month in a row, mainly on account of a rise in food prices, official data showed on Monday.
Sat, Mar 12, 2022
The India’s largest private lender HDFC Bank on Saturday in a release said that the Reserve Bank of India (RBI) has lifted all the restrictions it had put in place on the bank’s business generating activities planned under the Digital 2.0 program.
Fri, Mar 11, 2022
Bank credit grew by 7.9 percent to Rs 116.27 lakh crore and deposits rose by 8.6 percent to Rs 162.17 lakh crore in the fortnight ended February 25, RBI data showed.
Wed, Mar 09, 2022
RBI has clarified on the mode of receipt of complaints under its Integrated Ombudsman Scheme. Instances of misinformation are being spread through certain sections of the social media about thescheme and which has come to the notice of the banking regulator
Sat, Mar 05, 2022
The concept of Payments Banks was introduced by the RBI in 2015. The idea behind this concept was to give banking license to fintech companies and provide banking services to the underserved population of India. Here is all you need to know about a Payments Bank.
Fri, Mar 04, 2022
An Inter-Departmental meeting of the Government of India (GoI) is being held to review the impact of the ongoing Russia Ukraine crisis. The meeting will likely be continued on Saturday. The Petroleum Ministry is keeping an eye on the prices of crude oil.
Wed, Mar 02, 2022
India's factory activity growth accelerated in February as the threat from a third COVID-19 wave eased, a private survey showed.
Wed, Feb 16, 2022
The 2022-23 Budget proposals and the recent monetary policy announcements have set the tone for a durable and broad-based economic revival which has started gaining traction as the nation emerges from the third wave of the COVID-19 pandemic, according to an RBI article.
Tue, Feb 15, 2022
Cryptocurrencies are akin to Ponzi schemes or worse and banning them is the most sensible option for India to avoid the threat they pose to financial and macroeconomic stability, Deputy Governor at the Reserve Bank of India (RBI) T Rabi Sankar said on Monday
Mon, Feb 14, 2022
India's central bank is committed to its inflation mandate and the likely uptick in January inflation towards the upper end of its target band should not create any panic, central bank chief Shaktikanta Das said on Monday
Reserve Bank Governor Shaktikanta Das on Monday said the decision with respect to issuance of sovereign green bonds announced in the Budget will be taken next month
Fri, Feb 11, 2022
In an interview with Zeebiz's Kshitij Anand, Jain said that when markets correct low-quality stocks result in a dent in the portfolio, and hence, one should stick to quality when it comes to investing in mid-cap and small-cap stocks.
Ramesh Iyer says that the company's net NPA Stage-3 will come down to 4% by March 2022 during an exclusive interview with Swati Khandelwal, Zee Business.
Thu, Feb 10, 2022
Ajay Vaswani, Senior Vice President at ITI Long Short Equity Fund decodes the strategy of a long-short fund and how it minimize risks amid volatility:
The Reserve Bank of India on February 10, increased the NACH mandate limit for TReDS settlement to Rs 3 crore.
The Reserve Bank of India has announced extension of the on-tap liquidity window for contact-intensive sectors till June 30, 2022.
The Reserve Bank on Thursday increased the cap on the e-RUPI prepaid digital vouchers to Rs 1 lakh from Rs 10,000 and permitted its usage multiple times to facilitate digital delivery of various government schemes to the beneficiaries.
CPI inflation is expected to peak in Q4 of FY22 but is expected to say with the tolerance band of 4+/-2 per cent, RBI Governor Shaktikanta Das today said while delivering his Monetary Policy announcements
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