Sat, Aug 24, 2024
Deposit growth has lagged behind loan growth across the banking system for nearly two years, a trend also observed at SBI. While some experts attribute this disparity to a shift of savings towards high-yield capital market options, SBI’s own research dismisses these concerns as 'statistical myths.'
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Mon, Aug 12, 2024
The Central bank said that currently, HFCs accepting public deposits are subject to more relaxed prudential parameters on deposit acceptance as compared to NBFCs.
Fri, Aug 09, 2024
An RBI official calls for an 'enabling framework' to support local ESG bond issuance by Indian companies, highlighting current challenges and opportunities. Dimple Bhandia emphasizes the need for improved regulations and acknowledges successes in corporate bond markets and foreign investment responses. This call to action comes amidst mixed results in the credit derivatives market and ongoing growth in corporate bond issuances
Thu, Aug 08, 2024
RBI MPC August 2024 Review, Rate Decision HIGHLIGHTS: RBI Governor Shaktikanta Das announced a status quo on the repo rate as well as the policy stance at the end of a bi-monthly review on August 8. Catch highlights here.
Fri, Jul 26, 2024
Strict liquidity rules for banks. RBI's draft on BASEL III framework. Separate funds will have to be kept for risk coverage.
Wed, Jul 17, 2024
This approval was communicated via the RBI's letter dated May 16, 2024, granted under the Banking Regulation Act, 1949, the bank said in a statement.
Mon, Jul 08, 2024
Pocket UPI offers users a seamless way to make instant payments through their Wallets across the UPI network without linking their bank account, further helping users manage their finances effectively.
RBI Rules for CIBIL Score: The Reserve Bank was receiving a lot of complaints regarding the credit score. With a lot of complaints piling up, a few months ago, the central bank gave a major update regarding the CIBIL score and make the rules stricter.
Fri, Jul 05, 2024
According to RBI 99.98 percent of the depositors will receive their entire deposit amounts from the Deposit Insurance and Credit Guarantee Corporation (DICGC).
Tue, Jul 02, 2024
The RBI said the decision to rationalise regulations that cover export and import transactions is a continuation of its efforts to progressively liberalise policies governing foreign exchange transactions under FEMA, 1999.
Mon, Jun 24, 2024
For FY24, the current account deficit narrowed to USD 23.2 billion or 0.7 per cent of GDP against USD 67 billion or 2 per cent of GDP in FY23, the RBI said in a release on the Developments in India's Balance of Payments.
In its economic outlook for Asia Pacific, S&P Global Ratings said India's economic growth continues to surprise on the upside with the economy growing 8.2 per cent in fiscal year 2023-24.
Sun, Jun 23, 2024
Recently, the Reserve Bank of India has taken stringent action on banks for shortfalls in technology architecture which impacted the ability to execute transactions.
Fri, Jun 07, 2024
Some of the key banking stocks are State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), HDFC Bank, ICICI Bank and Axis Bank. Leading Auto stocks in India are Tata Motors, Maruti Suzuki, Hero MotoCorp, Eicher Motors, Mahindra and Mahindra, and TVS Motor. Top consumer durables stocks in India are Dixon Technologies, Voltas Ltd, Honeywell Automation India Ltd, Blue Star Ltd, and Crompton Greaves. Top real estate stocks in India are DLF, Macrotech Developers, Godrej Properties, Prestige Estates Projects, and Oberoi Realty Ltd.
Thu, May 30, 2024
The economy, it said, showed resilience in FY24 despite persistent headwinds.
The RBI has taken strict action against ECL Finance and Edelweiss ARC, banning its structured transactions in wholesale exposure of ECL Finance. The RBI has also banned Edelweiss ARC's acquisition of new financial assets. Reorganisation of existing security receipts of Edelweiss ARC has also been banned by the central bank.
Thu, May 23, 2024
RBI announced ₹ 2.11 Lk Cr dividend, government was expecting ₹ 1.04 Lk Cr dividend, what will be the benefit to the government from this huge dividend received from RBI? Watch special discussion
Wed, May 22, 2024
RBI announced to give dividend of ₹2.11 Lk Cr to the government, RBI announced to give dividend to the government for AY23-24
Reserve Bank of India (RBI) on Wednesday announced a dividend of Rs 2,10,874 crore to the government exchequer.
Thu, May 16, 2024
RBI stressed the need to invest in Early Warning Systems, Stress Testing capabilities and Vulnerability Assessments, Monitoring of Cyber Key Risk Indicators.
Fri, May 10, 2024
VP Nandakumar, managing director & CEO of the company, said, “Our highly popular product -- Online Gold Loan, that forms 50% of our gold loan book, follows a fully paperless process of application and disbursement. Even for the loans originating at branches, most of our customers prefer direct transfers. Moreover, our employees are trained to convince customers about the same as it promotes smooth operations."
Tue, May 07, 2024
The new rules of RBI will not have any significant impact on the company... The draft guidelines will not have any impact on the company's profits... The company will grow by 15-20% in the next 5 years.. The company will soon be NPA free: Vivek Kumar Devangan, CMD, REC
Sat, May 04, 2024
According to data from the World Gold Council, the total net buying of gold amounted to 16 tons during the month.
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