Fri, Apr 26, 2024
The underwriting commission will be credited to the current account of the respective primary dealers with the Reserve Bank of India (RBI) on the day of the issue of securities. This auction presents an opportunity for primary dealers to participate in the underwriting process and contribute to the government's financing activities.
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Wed, Apr 24, 2024
Prosus-backed PayU has secured approval from the Reserve Bank of India to function as a payment aggregator, enabling them to onboard new businesses for online payment acceptance.
RBI bars Kotak Mahindra Bank: The central bank said that even after repeated warnings, the bank did not make any improvements, hence the decision.
Thu, Feb 10, 2022
India’s real Gross Domestic Growth (GDP) rate for the financial year FY2023 is projected at 7.8 per cent. Reserve Bank of India (RBI) Governor Shaktikanta Das said today while announcing the key policy rates. He was speaking during a conference after the conclusion of the three-day Monetary Policy Committee (MPC) meeting which began on Tuesday.
RBI Governor Shaktikanta Das said on Thursday that India is charting a different course of recovery than the rest of the world to become the fastest-growing economy.
Wed, Feb 09, 2022
Will RBI change interest rates this time? How much increase in interest rates is possible? With all these questions Zee Business conducted a poll.
Mon, Feb 07, 2022
Even though there was an announcement of tax on crypto gains, it is still not considered legal in India. Here's why.
Tue, Feb 01, 2022
The finance minister said "With the aim to take Digital Banking to every citizen. 75 digital banking units in 75 districts of the country will be launched".
Fri, Jan 28, 2022
We spoke to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors on how Oil, Omicron, Inflation will impact interest rates in 2022.
Thu, Jan 27, 2022
Ashhish Vaidya, Head of Treasury, DBS Bank India said that the market is already pricing in a 100-bps hike in policy rates by US Fed.
Wed, Jan 26, 2022
FIIs have remained net sellers in the Indian markets for the quarter ended December 2021 pulling out more than Rs 1 lakh cr in the cash segment of Indian equity markets in the October-December period.
The union government on Tuesday had notified the scheme of amalgamation of the PMC Bank and the Unity SFB with effect from January 25, the bank's depositors can now withdraw their money in a phased manner or continue to have their accounts with the new entity.
Mon, Jan 24, 2022
A penalty of Rs 4 lakh has been imposed on The Associate Co-operative Bank Ltd, Surat (Gujarat) for contravention of directions on 'Loans and advances to directors, relatives and firms/concerns in which they are interested', and non-compliance with the Master Directions on KYC
Mon, Jan 17, 2022
In an interview with Zeebiz's Kshitij Anand, Cheruvu believes that in CY22 big companies like LIC, GoAir etc. are on the cards. Overall ~Rs. 1.5-2Lakh cr. more worth of IPOs are in the pipeline expected for 2022.
Wed, Jan 12, 2022
RBI has released the Annual Report of the Ombudsman Schemes for the year 2020-21, which has been prepared for the nine-month period from July 1, 2020, to March 31, 2021, in alignment with the change in the financial year of the RBI from 'July-June' to 'April-March' with effect from July 1, 2020
Fri, Jan 07, 2022
Finance Minister Nirmala Sitharaman has convened a meeting with the heads of public sector banks on Friday to review their preparations to deal with any potential disruptions caused by the Omicron variant, as per the PTI report.
Thu, Jan 06, 2022
These newly-formed guidelines said that a company's net worth must be at least Rs 2 crore and owned and controlled by resident Indian citizens to become a designated user with a credit bureau, which comes amid accusations of lending applications with Chinese ties functioning in India.
Tue, Jan 04, 2022
Though markets can potentially give double-digit returns in 2022, it is unwise to expect that the markets will run up as swiftly, Yesha Shah said in an interview with Zeebiz’s Kshitij Anand.
Mon, Jan 03, 2022
To push digital transactions in rural and semi-urban areas, the Reserve Bank of India (RBI) on Monday issued a framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000.
The rupee pared its initial losses and closed with slim gains in the first trading session of 2022 on Monday, tracking positive domestic equities.
Wed, Dec 29, 2021
Financial institutions in India have remained resilient amidst the pandemic and stability prevails in the financial markets, cushioned by policy and regulatory support, according a central bank financial stability report.
Fri, Dec 10, 2021
Firms will have to quote the 20-digit legal entity identifier (LEI) number for undertaking cross-border transactions of Rs 50 crore or more from October 1, 2022, the Reserve Bank said on Friday.
Thu, Dec 09, 2021
RBI Governor Shaktikanta Das had announced that it will launch digital payment systems for feature phones. This means that the central bank will allow Unified Payments Interface-based (UPI) products to be available on feature phones, and make an internet-free UPI payments system possible in the upcoming days. The Reserve Bank of India is also set to form a panel to study the charges on digital payments.
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