Fri, Dec 08, 2023
However, a concomitant outcome of this is that web aggregators may not be allowed to increasingly control the digital lending eco-system in a surreptitious manner,” Shivaji Thapliyal, Head of Research and Lead Analyst, Yes Securities commented.
. India’s foreign exchange reserves stood at $604 billion as of December 1, 2023.
In a major decision, the RBI on Friday announced to raise the UPI payment limit to hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh presently and hiked the cap for e-mandates for recurring payments to Rs 1 lakh.
Tue, Oct 11, 2022
The existing ARCs have been given a glide path to meet the minimum net owned fund (NOF) requirement till April 2026, the RBI said in a circular amending the existing regulatory framework for such entities.
Currently, RBI guidelines allow industrial houses to hold a maximum of 10 per cent stake in private sector banks, but they cannot be a promoter.
The RBI said unhedged foreign currency exposure of any entity is an area of concern not only for the individual entity but also for the entire financial system.
Thu, Oct 06, 2022
After hitting a low in July 2021 on the back of Covid19 pandemic, Consumer Confidence Index (CCI) has continued its upward move and was recorded at 80.6 in the survey. It was at 77.3 in July 2022
Wed, Oct 05, 2022
AM Green Energy was the only company to issue masala bonds for the entire USD 502.79 million for a new project, as per the Reserve Bank (RBI) data.
RuPay credit card has been operational for the last four years, and all major banks are enabled and are issuing incremental cards for both commercial and retail segments.
Tue, Oct 04, 2022
Zee Business Top Picks 4th Oct'22: 'Reported frauds with delay': RBI imposes heavy penalty on this bank for non-compliance with RBI directions — check details
Mon, Oct 03, 2022
Zee Business Stock, Trading Guide 4 October 2022: The domestic equity market failed to maintain the momentum after closing strongly on Friday as benchmarks Nifty50 and Sensex dropped over one per cent each on Monday.
Fri, Sep 30, 2022
The Reserve Bank on Friday categorised 16 big non-banking financial companies, including LIC Housing Finance and Bajaj Finance, as upper-layer NBFCs that will be subject to an enhanced regulatory framework.
About 35 crore cards have been tokenised and the system is ready for the new norms which set in from October 1, the Reserve Bank said on Friday.
Motilal Oswal's Amit Sajeja said that there will be consolidation in the near term and by the end of this year, Rupee could test levels of 83.20 against the Dollar
RBI Monetary Policy Review, Reaction from experts, analysts and industry leaders: The monetary policy committee (MPC), comprising three members from the RBI and three external experts, raised the key lending rate or the repo rate to 5.90 per cent - the highest since April 2019 - with five out of the six members voting in favour of the hike.
The comments come a day after official data released by the Reserve Bank of India (RBI) showed that the CAD widened in the first quarter of the fiscal to 2.8 per cent of GDP.
"Keeping in view the similar nature of activities undertaken by online and offline PAs, it is proposed to apply the current regulations to offline PAs as well," Das said after announcing bi-monthly policy
The MPC also decided by a majority of 5 out of 6 members to remain focused on the withdrawal of accommodative policy stance to ensure that inflation remains within the target going forward, while supporting growth, said RBI Governor Shaktikanta Das.
RBI Monetary Policy Review, Governor Shaktikanta Das Address, Quotes: RBI Monetary Policy MPC Review: With the latest hike, the repo rate or the short term lending rate at which banks borrow from the central bank is now close to 6 per cent.
RBI's monetary policy will be announced today. How much repo rate will increase? Will the inflation forecast change? Will GDP estimates change? Watch Expert poll on RBI Policy with Varun Dubey.
Thu, Sep 29, 2022
Trading Strategy: Market Expert Nilesh Jain of Centrum Broking said that the trend remains weak. He sees support in Nifty50 between 16650 and 16700. A breach below support levels may take Nifty50 towards 16500
RBI Monetary Policy Meeting: Experts unanimously agreed that there will be 0.5% increase in the repo rate this time. If this happens, it will take the key rate to a three-year high of 5.9%.
Wed, Sep 28, 2022
Stock Market Today 28th Sep 2022: Market Expert Siddharth Sedani that correction is a buying opportunity in good stocks and investors can buy in a staggered manner. He said that RBI commentary and road map on economy will be crucial. Buy on dips, he said
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