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, Jul 12, 2022
The Reserve Bank of India (RBI) has taken a big step towards the internationalization of the rupee. RBI has allowed foreign trade in Rupees. According to the notification issued by RBI, banks should make additional arrangements for settlement of export-import in Indian rupees
RBI approves settlement of international trade in rupees. How important is this decision of RBI for rupee? What will be the benefits for the long term? What can be the problems for the short term?Must watch this video of Anil Singhvi.
Will the dominance of the dollar break? Big step towards internationalization of Rupee. RBI approves settlement of international trade in Rupee; What is its meaning? How much will the rupee benefit?Know from Global Market Expert Ajay Bagga.
Fri, Jul 08, 2022
The RBI on Friday imposed several restrictions on New Delhi-based Ramgarhia Co-operative Bank, including a cap of Rs 50,000 on withdrawal per depositor, in view of the lender's deteriorating financial condition
HDFC Bank has given a blow to the customers. Now taking a loan from a bank has become costly. Bank has increased the MCLR rate by 0.20%.
Thu, Jul 07, 2022
RBI has taken necessary steps on rupee. Central banks are making efforts to reduce inflation: Ajay Seth, Secretary, DEA
Wed, Jul 06, 2022
Muthoot Finance will be opening new branches after a gap of nearly three years and this new expansion will help in deepening reach to the underbanked and underserved customers across India, a media release said
There is big news for the customers of the Bank of Baroda. From August 1, the bank is going to change its check clearance rules. Know the new rules in this video.
Tue, Jul 05, 2022
Kotak Mahindra Bank & IndusInd Bank After imposing monetary penalty on behalf of RBI, brokerage companies have told their new strategy on these stocks.
HDFC Bank on Monday said it has got banking sector regulator RBI's nod for the merger proposal of its parent HDFC Ltd with itself.
Mon, Jul 04, 2022
The Reserve Bank on Monday said it has imposed penalties of about Rs 1 crore each on Kotak Mahindra Bank and IndusInd Bank for deficiencies in regulatory compliance
Fri, Jul 01, 2022
Big tech companies offering financial services pose risk to financial stability as their complex intertwined operational linkages with financial institutions could lead to contagion effect and potential anti-competitive behaviour, the RBI has said.
Thu, Jun 30, 2022
HDFC Chairman Deepak Parekh on Thursday said the largest pure-play home financier may face a compression of its Net Interest Margin (NIM) in the short term as it is unable to immediately pass on the impact of RBI's rate hike to borrowers.
Wed, Jun 29, 2022
Credit card spends have climbed fast and hit a record high in May. The amount of money customers spending online through credit card was also quite high. Data released by the Reserve Bank Of India shows card spending in May reached ₹1,14,000 crore.
Sat, Jun 25, 2022
Earlier this week, RBI issued an advisory clarifying that non-bank prepaid payment instrument (PPI) issuers cannot load their wallets and cards from credit lines or preset borrowing limits.
Tokenization limit extended till 30th September. Card tokenization will be applicable from October 1. Tokenization will make payment more secure. Know full details from Anurag Shah.
Reserve Bank of India’s (RBI) restrictions on fintech companies providing credit through prepaid instruments is having an impact on their businesses. Several companies have halted transactions on their platforms for the customers. Fintechs halt PPI and BNPL services. Fintech companies are seeking further clarity from the RBI. Zee Business Anurag Shah brings this report.
Fri, Jun 24, 2022
Reserve Bank of India’s (RBI) restrictions on fintech companies providing credit through prepaid instruments is having an impact on their businesses. Several companies have halted transactions on their platforms for the customers. Zee Business’ Anurag Shah brings this report
RBI on Friday announced extension of its tokenisation norms from an earlier June 30, 2022 deadline by three more months to September 30, 2022. The step was taken after consultation with the stakeholders and to avoid disruption and inconvenience to cardholders
Wed, Jun 22, 2022
Reserve Bank of India's new card tokenisation system is all set to be applicable from July 1, 2022. Card Tokenisation System will be applicable on credit and debit cards both. This new system is going to change the way online transactions happen in India. Here is all you need to know.
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