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, Jun 21, 2022
The Reserve Bank has asked non-bank prepaid payment instrument (PPI) issuers not to load their wallets and cards from credit lines or preset borrowing limits
Hit by the upheavels in stock markets, traders may see another set back in the form of higher margin trade funding. Zee Business' has learnt through its top sources that broking firms have increased interest on margin trade funding
Mon, Jun 20, 2022
Sovereign Gold Bond Scheme is open from 20 june till 24 june 2022. One can invest in gold with 50 rs per gram discount through this scheme. here you know how to invest in this scheme.
Sat, Jun 18, 2022
RBI has given big relief to Mastercard. The Reserve Bank has lifted the ban on the company. RBI had banned the issuance of new cards on MasterCard from July 2021 for non-compliance with the guidelines for data storage. Which banks will benefit from the relief to Mastercard? Know from Kushal Gupta
Fri, Jun 17, 2022
India`s central bank is not behind the curve and is confident of exiting from ultra-loose monetary policy smoothly and ensuring a soft landing for the economy
On Thursday, RBI has given a big relief to Mastercard. The Reserve Bank has lifted the ban on the company. RBI had banned the issuance of new cards on MasterCard from July 2021 for non-compliance with the guidelines for data storage.
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.
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