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.
Mon, May 22, 2023
The Reserve Bank of India has decided to withdraw INR 2,000 notes from circulation in pursuance of the central bank’s Clean Note Policy. The RBI has said banknotes in INR 2,000 denomination will continue to be legal tender, which implies a consumer can purchase goods using the currency. In this video, public reacts to the RBI's decision.
Sat, May 20, 2023
Rs 2,000 withdrawal from circulation: The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.
The Congress also said demonetisation has come a full circle and added that the Rs 2,000 note was a "band-aid to cover up the foolish decision of demonetising" Rs 500 and Rs 1,000 notes.
Fri, May 19, 2023
BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation. But worry not! The 2,000 note will remain legal tender. You will get a chance to deposit the Rs 2,000 note at the bank, or exchange it up to 10 (Rs 20,000) at a time.
The Reserve Bank of India (RBI) will transfer Rs 87,416 crore as dividend to Government of India for the accounting year 2022-23, according to an official statement. The RBI board approved the transfer of surplus in its meeting on May 19.
Fri, May 12, 2023
According to government figures, the unclaimed deposits in banks have reached around Rs 48,000 crores. For this, RBI announced the creation of a centralized portal through which unclaimed money lying in banks can be identified. Today on Money Guru, know how to find your unclaimed bank deposits? Is there any way to get unclaimed money? Is there any way to fix this problem?
Tue, May 09, 2023
FPIs turned positive on equity? Good chance for the market to grow? What was the effect of RBI pausing the rates? It's time to make big money, where to invest? Know from Anil Singhvi in this video.
Sat, Apr 29, 2023
Incidentally in October 2021, the country`s forex reserves had reached an all-time high of $645 billion.
Thu, Apr 27, 2023
In the remarks that come weeks after the blow-up of the Silicon Valley Bank, which led to distress in the financial sector in the US and Europe, Das said RBI's stress tests show Indian banks will be able to maintain their capital buffers above the minimum requirements even in the case of the most distressing of events.
Mon, Apr 17, 2023
With rising funding cost, the NBFCs have increased interest rates for loans against property (LAP) to small and medium-size enterprise (SME) borrowers, which is heightening repayment and refinancing risks for these loans. This situation is credit negative for Indian asset-backed securities (ABS) backed by loan against property (LAP), Moody's said.
Thu, Apr 13, 2023
The REs shall ensure that there is a clearly laid down Board approved policy on penal charges or similar charges on loans, by whatever name called.
Mon, Apr 10, 2023
In its 'Master Direction on Outsourcing of Information Technology Services', RBI said that Regulated Entities (REs) have been extensively leveraging IT and IT-enabled Services (ITeS) to support their business models, products and services offered to their customers.
Thu, Apr 06, 2023
RBI repo rate decision: The Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday announced the operation of pre-sanctioned credit lines at banks through unified payments interface (UPI).
RBI MPC meeting highlights, RBI MPC meeting April 2023: The Reserve Bank monetary policy committee kept the repo rate unchanged at 6.5 per cent on Thursday, April 6.
RBI MPC meeting April 2023: The GDP growth for the current fiscal year has been pegged at 6.5 per cent while the FY24 inflation projection is 5.2 per cent.
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex extended gains to the fifth session in a row on Thursday, April 6, as the RBI's decision to hold the key lending rate at the exiting 6.5 per cent surprised Dalal Street. RBI Governor Shaktikanta Das maintained the policy stance at ' withdrawal of accommodation' but warned of more hikes to tame inflation, as he reiterated the MPC's commitment to tame red-hot inflation. Catch HIGHLIGHTS of all the action in the Indian share market on Zeebiz.com's blog. Follow this space for market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations.
Tue, Apr 04, 2023
The Reserve Bank of India (RBI) is expected to hike the benchmark interest rate by 25 basis points in the bi-monthly monetary policy to be announced on April 6, under pressure to bring down retail inflation and keep pace with global peers.
Thu, Mar 30, 2023
According to Vimal Nadar, Head of Research, Colliers India, home loan interest rates are already at an alarmingly higher level of 9.5 per cent and above in response to the increase in repo rates.
Wed, Mar 22, 2023
Gudi Padwa Holiday: The currency market remained shut on Wednesday, March 22 for the Gudi Padwa holiday. The forex market will resume trading at 9 am on March 23, Thursday.
Tue, Mar 21, 2023
The RBI wrote a letter to banks on Tuesday, highlighting that all government transactions done by agency banks for 2022–2023 must be accounted for within the same financial year
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