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, Aug 01, 2023
The total value of Rs 2,000 banknotes in circulation, which amounted to Rs 3.62 lakh crore on March 31, 2023, had declined to Rs 3.56 lakh crore as at the close of business on May 19, 2023.
Sun, Jul 30, 2023
The RBI Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for August 8-10.
Thu, Jul 13, 2023
Our #June CPI @ 4.81%, at a 3-month high
IIP growth picks up from 4.2% to 5.2% in May (MoM)
How much the worry of inflation has increased in our country?
What is the reason for the rise in inflation in June?
Will have to wait long for a rate cut from RBI?
Wed, Jul 12, 2023
Digital Rupee: Let us tell you that digital rupee is the electronic form of notes and coins. After the introduction of e-rupee, you will not need to keep coins. The only difference is that you will have to do this transaction online i.e. digitally. Digital Rupee is based on blockchain technology.
Thu, Jul 06, 2023
SBI Card, HDFC Bank, ICICI Bank, Bajaj Finance and other stocks from the banking and financial services basket staged mixed moves on Thursday, a day after the RBI asked banks and non-banking financial companies to issue credit, debit and prepaid cards on multiple networks to give customers the freedom to choose.
Sun, Jul 02, 2023
The share of residential housing loans in total loans has increased over the last eleven years to 14.2 per cent in March 2023 from 8.6 per cent in March 2012.
Tue, Jun 27, 2023
Cibil Credit Score: RBI imposed a fine of more than ₹ 1 Cr on CIC's for negligence in updating Cibil credit score. On the basis of Cibil score, it is decided whether you should be given a loan from the bank or not. The CIBIL score ranges from 300 to 900. Generally up to 750 or above is considered good.
Tue, Jun 20, 2023
The Reserve Bank of India (RBI) has introduced a comprehensive regulatory framework for compromise settlements and technical write-offs, which aims to enhance the resolution of stressed assets and streamline instructions for regulated entities.
Sat, Jun 17, 2023
Sovereign Gold Bond scheme 2023-24 comes with a maturity period of 8 years. The government currently offers a discount of Rs 50 per gram of gold to buyers making payments online and an annual interest rate of 2.5 per cent.
Fri, Jun 16, 2023
Gold Bond: भारतीय रिजर्व बैंक ने बुधवार को कहा कि सॉवरेन गोल्ड बॉन्ड स्कीम 2023-24 के पहले सीरीज के तहत 19 जून से 23 जून के बीच सस्ता सोना खरीदा जा सकता है. वहीं सॉवरेन गोल्ड बॉन्ड स्कीम 2023-24 की दूसरी सीरीज सितंबर में जारी की जाएगी|
Wed, Jun 14, 2023
Before being appointed as CEO of the JC Flowers ARC, Akash Suri was the group president and national head of Yes Bank's asset reconstruction business.
Tue, Jun 13, 2023
In about two weeks, almost half of the Rs 2,000 currency notes in circulation, worth around Rs 1.8 lakh crore, came back to the banking system, the RBI informed recently.
RBI FLDG circular: The Reserve Bank's new guidelines on first loss default guarantee (FLDG) in digital lending lend much-needed clarity but may adversely impact certain segments, Crisil Ratings said on Monday.
Mon, Jun 12, 2023
All regulated entities (REs) will be required to put in place board-approved policies for undertaking compromise settlements, with the borrowers as well as for technical write-offs laying down the process to be followed for all compromise settlements and technical write-offs, with specific guidance on the necessary conditions precedent.
Thu, Jun 08, 2023
Social media influencer and entrepreneur (Ankur Warikoo) claimed to have lost 8 kilos in 16 weeks in a post on social media. She also shared the list of supplements which helped her in reducing belly fat. However, a doctor says that some of the supplements recommended by Variku can cause serious liver and kidney damage.
Vigorous action was seen in the stock market on Thursday. There has been a break in the market for 4 days. BSE Sensex lost 294 points to close at 62,848. Similarly, the Nifty also closed down 91 points at 18,634. IT and realty stocks were at the forefront of market weakness. Let us tell you that on Wednesday, the domestic markets were closed in the green mark for the fourth consecutive day. The BSE Sensex closed up 350 points at 63,142.
The Reserve Bank of India (RBI) may cut the policy rate in the fourth quarter of this year. Oxford Economics has estimated this. The global forecasting company has said that there are many factors due to which the central bank can make its stance more liberal.
RBI: Big news has come regarding the monetary policy meeting of RBI. There has been no change in the interest rates in this meeting of RBI. The repo rate remains unchanged at 6.5%.
RBI Governor Shaktikanta Das also explained the impact and benefits of withdrawing Rs 2000 banknotes from circulation.
Das also said that it is proposed to rationalise the extant prudential norms on the restructuring of borrower accounts affected by natural calamities
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