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, Mar 21, 2023
RBL Bank shares traded with gains even as the Street processed the impact of the Reserve Bank of India (RBI) decision on the lender
Sanjiv Bajaj, president of the Confederation of Indian Industry, says that the Reserve Bank of India is a strong regulator and has been keeping a close watch on the Indian banking system for long time
RBL Bank Share Price NSE: RBL Bank shares will remain in focus on D-Street today after the Reserve Bank of India (RBI) imposed a penalty of Rs 2.27 crore for non-compliance with norms related to recovery agents on Monday.
Mon, Mar 20, 2023
As per the RBI directive, the rules overlooked by the bank include directives on ‘Internal Ombudsman Scheme, 2018’, ‘Fair Practices Code for Lenders’, ‘Credit Card Operations of Banks’, ‘Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks’ and ‘Recovery Agents engaged by Banks’.
The finance minister says banks make assessment of amount and denominational requirements for ATMs on the basis of past usage
Thu, Mar 16, 2023
Global crude oil prices hit a 15-month low on Wednesday and are below $75
Tue, Mar 14, 2023
The RBI MPC member was asked what measures the government should take to improve oversight of private family companies to address worries after the Hindenburg allegations.
Wed, Mar 08, 2023
As per a recent RBI survey, the consumer confidence has improved further both for the current period as well as for the year-ahead.
Tue, Mar 07, 2023
The governor expressed the hope to link the UPI platform with many more countries as many have expressed keen interest in doing so.
Mon, Mar 06, 2023
The land which was directly purchased by the family members of Prasad from the sellers at a rate lower than the prevalent circle rate.
Fri, Mar 03, 2023
The RBI is expected to raise its repo rate to peak at 6.75% in April from 6.50% currently, according to a Reuters poll last week.
Thu, Mar 02, 2023
"The company was also not complying with the extant regulations pertaining to charging of excessive interest and had resorted to undue harassment of customers for loan recovery purposes," the RBI said.
Tue, Feb 28, 2023
India’s gross domestic product slowed down to 4.4% in the third quarter (October-December) of the financial year 2022-’23, government data showed on Tuesday. The growth rate has slowed down from 5.4% in the same quarter last year. However, in the current financial year, India's gross domestic product (GDP) is expected to grow at 7%. Watch this special report on India 360.
India GDP growth rate: An official reading of changes in the country's GDP in the quarter ended December 2022 is due later on Tuesday, February 28. According to Zee Business research, the economy is likely to have expanded 4.6 per cent in the period — the third quarter of the current financial year.
Tue, Feb 21, 2023
Why is US Fed President James Bullard's speech important? How much will interest rates increase in US? What is the risk of rate hike in June? How likely is RBI to increase interest rates in April? Know from Ajay Bagga, Chairman of Elyments Platforms.
Fri, Feb 17, 2023
The paper said it used quarterly macro-financial data on the US and Indian economy to shed light on the effects of US monetary policy actions as well as monetary policy uncertainty on the domestic economy.
Thu, Feb 16, 2023
The latest hikes in the interest rates come days after the Reserve Bank of India (RBI) on February 8 increased the borrowing costs by 25 basis points (bps).
Wed, Feb 15, 2023
The Reserve Bank on Tuesday announced its second global hackathon -- 'HARBINGER 2023 - Innovation for Transformation' with the theme 'Inclusive Digital Services'.
The Reserve Bank on Tuesday directed digital lending entities to disclose upfront the names of their empanelled agents authorised to contact borrowers in case of default of loan, and also intimate the details to customers before initiating the recovery process.
Sat, Feb 11, 2023
The apex court also asked the Centre to consider setting up a panel of domain experts headed by a former judge to look into strengthening the regulatory mechanisms.
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