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.
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.
Tue, Feb 28, 2023
Boosted by ecommerce sales and online transactions, credit card spends in India topped over Rs 1 lakh crore for the 11th month in a row, according to data released by the Reserve Bank of India (RBI). Know the full news from Varun Dubey.
You must have come across several bank notes in circulation with something written on them with pen. But does it mean that the such notes are invalid and cannot be used as legal tender?
Fri, Feb 24, 2023
With restrictions in place, the banks, without prior approval of RBI, cannot grant loans, make any investment, incur any liability, and transfer or otherwise dispose of any of its properties.
Sat, Feb 18, 2023
The central bank proposes to impose a slew of curbs on a bank's trading and banking books and steeply increasing the penalties and provisioning ratios.
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.
Wed, Feb 15, 2023
With 386.5 million registered transactions, the Bank is one of the top 10 remitter banks for UPI transactions, according to NPCI's latest report.
Mon, Feb 13, 2023
The common man has again suffered the blow of inflation. The annual retail inflation rate for India rose to 6.52 per cent in January from 5.72 per cent in December, government data showed today. CPI (Consumer Price Index) inflation was above the Reserve Bank of India's upper targeted limit of 6 per cent for the first time in three months. Will rising retail inflation rate increase the pressure on RBI? Watch a special discussion with Ajay Bagga on January CPI hike.
The annual retail inflation rate for India rose to 6.52 per cent in January from 5.72 per cent in December, government data showed today. CPI (Consumer Price Index) inflation was above the Reserve Bank of India's upper targeted limit of 6 per cent for the first time in three months. The retail inflation rate for rural and urban India was 6.85 per cent and 6.00 per cent, respectively.
Fri, Feb 10, 2023
Canara Bank's new RLLR will be 9.25 per cent after the rate cut, in comparison to the existing 9.40 per cent.
Thu, Feb 09, 2023
Leading public sector lenders Punjab National Bank (PNB) and Bank of Baroda (BoB) have raised their lending rates by up to 25 basis points following the interest rate hike by Reserve Bank earlier this week
In the latest Reserve Bank of India MPC meeting, RBI Governor Shaktikanta Das, announced that QR code-based coin vending machines in 12 cities soon. This will enhance the ease of access to coins, and distribution of coins using machines.
Wed, Feb 08, 2023
Today Reserve Bank of India increased the repo rate by 25 bps to 6.50 per cent. RBI has hiked the interest rates for the sixth time in a row this year. Announcing the monetary policy, RBI Governor Shaktikanta Das said that that it has now been decided that the penalty charge for delay or default in loan repayment will be limited and transparent. RBI said that the penalty imposed by banks or NBFCs cannot be a source of income. Watch this special report on India 360.
Home loan EMI is bound to increase after the repo rate hike. But is there any way by which you can reduce the rising interest burden? Know from Experts. Watch Money Guru.
Reserve Bank of India Governor Shaktikanta Das-led Monetary Policy Committee (MPC) has raised the repo rate by 25 basis points, paving the way for banks and non-banking financial companies to increase interest rates on home, personal and other kinds of loans.
RBI Governor Shaktikanta Das announced in bi-monthly monetary policy meeting that RBI will be extending UPI facilities to inbound travelers for merchant payments, starting with G20 countries.
Reserve Bank of India increased the repo rate by 25 bps to 6.50 per cent. RBI has hiked the interest rates for the sixth time in a row this year. This will make all types of loans more expensive. Now the big question is, how good is the 'Wait And Watch' situation for home buyers? How appropriate is loan repayment for those who have taken loans? How RBI repo rate hike will impact the consumer? Watch this special report of Aapki Khabar Aapka Fayda.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 25 basis points to 6.50%.
In the 50-stock Nifty50, 38 stocks gained while 12 declined. The top gainers were Adani Enterprises, Adani Ports, HDFC Life, SBI Life and Bajaj Finance while the top losers were Larsen & Toubro, Eicher Motors, Bharti Airtel, Hero MotoCorp and Axis Bank
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