Thu, Oct 10, 2024
The Reserve Bank has approved the appointment of Partha Pratim Sengupta as Managing Director & Chief Executive Officer (MD & CEO) of Bandhan Bank for a period of three years. His three-year tenure counts from the date of taking charge, which shall not be later than November 10, 2024, Bandhan Bank said in a regulatory filing.
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Wed, Oct 09, 2024
Key Takeaways from RBI MPC Meeting: Reserve Bank of India governor Shaktikanta Das kept the repo rate unchanged at 6.50 per cent for the 10th consecutive time. The monetary policy committee (MPC) announced a change in the policy stance to 'neutral'. There was no change in GDP forecast and CPI inflation estimates for FY25.
Wed, Oct 02, 2024
The members of the MPC appointed by the central government will hold office for a period of four years, with immediate effect or until further orders, whichever is earlier.
Tue, Aug 23, 2022
Moreover, worries about inflation could also keep the local unit under pressure. However, the presence of the Reserve Bank of India (RBI) could cap losses in the domestic unit.
The draft Foreign Exchange Management (Overseas Investment) Rules and draft Foreign Exchange Management (Overseas Investment) Regulations were also put in the public domain for consultations.
Mon, Aug 22, 2022
In a report, the Germany-based bank said the RBI will respond with a slower pace of rate hikes from here, basing the expectation on the recently released minutes of the last meeting of the Monetary Policy Committee (MPC)
The Foreign Exchange Management (Overseas Investment) Rules, 2022 will subsume extant regulations pertaining to Overseas Investments and Acquisition and Transfer of Immovable Property Outside India Regulations, 2015
Most banks are increasing their deposit rates for boosting deposit to support rising credit off-take as liquidity in the banking system has narrowed.
Sun, Aug 21, 2022
The Deposit Insurance and Credit Guarantee Corporation (DICGC) will be making payments to the eligible depositors of 17 cooperative banks, including eight from Maharashtra, in October.
Fri, Aug 19, 2022
On the price situation, the review said in absence of any further shocks, the downward movement of global commodity prices along with the RBI's monetary measures and the government's fiscal policies are expected to cap inflationary pressures in the coming months
Experts believe that through the move, the entire trading system, depository system and mutual fund system will be live on the account platform ecosystem
At its meeting from August 3 to 5, MPC decided to increase the benchmark lending rate by 50 basis points to 5.40 per cent with a view to tame inflation.
The central bank said the views expressed in the article are those of the authors and are not necessarily shared by the Reserve Bank of India.
“As clearly stated in the article itself, the views expressed in the article are those of the authors and do not represent the views of the Reserve Bank of India,” an RBI release said
Thu, Aug 18, 2022
In the reporting month, the central bank purchased USD 18.96 billion from the spot market and sold USD 22.679 billion, according to the RBI monthly bulletin for August 2022 released on Thursday
Sat, Aug 13, 2022
"It has been observed that the agents employed by REs have been deviating from the extant instructions governing the outsourcing of financial services," the RBI said in a release.
Thu, Aug 11, 2022
The Reserve Bank had on Wednesday tightened the norms for digital lending to prevent charging of exorbitant rates and to secure customer interest by checking unethical loan recovery practices
Zee Business campaign 'Operation Hafta Vasooli' brought a big impact. Reserve Bank of India (RBI) has taken steps to crack down on online frauds and illegal activities. RBI has issued guidelines to regulate digital lending. The central bank said that loan disbursement and repayment would be between the borrower and the bank account of the regulated entity only. There will be no interference of any third party in this. Watch this special report of Aapki Khabar Aapka Fayda.
Next Bank Holiday 2022: India is celebrating its 75th year of Independences and is also observing an Amrit Kaal
Wed, Aug 10, 2022
Zee Business campaign 'Operation Hafta Vasooli' brought a big impact. Today the Reserve Bank of India (RBI) has taken steps to crack down on online frauds and illegal activities. RBI has issued guidelines to regulate digital lending. The central bank said that loan disbursement and repayment would be between the borrower and the bank account of the regulated entity only. There will be no interference of any third party in this. Watch this exclusive report on India 360.
Under the new norms, all loan disbursals and repayments are required to be executed only between the bank accounts of borrower and the regulated entities (like banks and NBFCs) without any pass-through/ pool account of the Lending Service Providers (LSPs)
Tue, Aug 09, 2022
Penalty has been imposed on Mehsana Urban Co-operative Bank for non-compliance with certain provisions of the Reserve Bank of India.
Fri, Aug 05, 2022
"When there is a credit offtake, banks can sustain and support that credit offtake only if they have higher deposits. They cannot be relying on the central bank money on a perennial basis to support credit offtake they have to mobilise their own resources and funds," Das told reporters today
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