Thu, Jan 18, 2024
Reserve Bank of India (RBI) Governor Shaktikanta Das, speaking at the World Economic Forum 2024, highlighted a surge in international confidence towards India. He cited the National Statistics Office (NSO) revising India's FY23 growth projection to 7.3%, surpassing the RBI's own 7% estimate, as evidence of this positive sentiment. Additionally, Das expressed optimism for FY24, stating he "senses" India's GDP growth will reach 7%.
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Wed, Jan 03, 2024
RBI issued draft circular on dividend declaration of banks, new rules will be implemented from financial year 2025, sought suggestions from stakeholders till January 31, rules for all Commercial Bank, SFB, Payment Bank, Regional Bank
Thu, Dec 07, 2023
Even as the three-day RBI MPC meeting has started on Wednesday, all eyes are on the interest rate-setting panel’s decision on Friday. Experts, however, expect a status quo on the key policy rates as inflation is gradually coming closer to the RBI’s target level and economic growth is picking up. RBI Governor Shaktikanta Das-headed Monetary Policy Committee has begun its three-day deliberations on December 6. Das would unveil the decision of the six-member MPC on the last day of the meeting--December 8 (10.00 AM).
Wed, Mar 13, 2019
Demonetisation, Note Ban: The government's proposal to ban Rs 500 and 1000 notes was placed by the then RBI Deputy Governor Rama Subramaniam Gandhi before its board, which resolved to back the move in "larger public interest" though some directors raised concerns about short-term negative impact
Right now interest rates levied by the HFC on the home loan are at par with the banks, however, HFCs are slow to pass on interest rate benefits to borrowers.
Tue, Mar 12, 2019
The Consumer Food Price Index (CFPI) inflation came in at deflation narrowed to -0.66% in February 2019, compared to -2.24% from the previous month.
Notably, CPI will be released for the month of February 2019, and IIP for January 2019.
Mon, Mar 11, 2019
Over the past few years, India’s household saving rate has declined sharply and the household financial savings rate has been largely stagnant.
Under Payment & Settlement Systems Act, 2007 of RBI, ATMs set up, owned and operated by non-banks are called WLAs.
RBI may get tempted to buy-back US dollar that it had to shed recently from its reserves to keep the rupee below 72/dollar as and when it touches the 69/dollar levels.
Fri, Mar 08, 2019
Rupee has emerged one of the strongest currencies in the global markets and it may touch the 69 per dollar in few week time, says Forex experts.
Thu, Mar 07, 2019
Availability of capital will play a crucial role particularly for HFCs — major lender for the housing sector — in achieving the Modi govt's goal of housing for all by 2022.
Tue, Mar 05, 2019
The Reserve Bank of India (RBI) has levied a penalty of Rs 4 crore on Karnataka Bank for delayed implementation of four "Swift" related operational controls, the lender said on Monday.
Sun, Mar 03, 2019
The Reserve Bank has imposed a monetary penalty of Rs 3 crore on Union Bank, Rs 2 crore on Dena Bank, and Rs 1 crore each on IDBI and the SBI for non-compliance with various directions, regulatory filings said Saturday.
Wed, Feb 27, 2019
Rs 100 was also among banknotes like new Rs 50, Rs 10 and Rs 500 which has seen a makeover in India’s currency chest since demonetisation drive.
The Reserve Bank will reduce its key policy rates twice this year as it accommodates the concerns about growth amid the cooling price situation, says a brokerage report.
Tue, Feb 26, 2019
The RBI Monday proposed that at least 50 per cent of compensation of senior officials of private and foreign banks, including whole time directors and chief executive officers, "should be variable".
Sat, Feb 23, 2019
India`s foreign exchange (forex) reserves increased by $150.2 million during the week ended February 15, official data showed on Friday.
Tue, Feb 19, 2019
Share Bazaar Live: This segment of Zee business brings to you latest updates from Share Bazaar. Experts here advice about what to do in various stocks so that investor can gain the most.
RBI alerted banks about potential fraudulent transactions on the unified payments interface (UPI) platform. RBI said that the cautionary notice was issued in the wake of rising number of fraud using the UPI platform.
Mon, Feb 18, 2019
RBI AnyDesk Warning: RBI alerted banks about potential fraudulent transactions on the unified payments interface (UPI) platform. RBI said that the cautionary notice was issued in the wake of rising number of fraud using the UPI platform. Watch full video to know more.
Sat, Feb 16, 2019
One year ago, in a bid to hasten the resolution of bad loans, the Reserve Bank of India (RBI) had tightened rules to make banks identify and tackle any non-payment of loan rapidly by issuing a circular on 12 February 2018.
Thu, Feb 14, 2019
Watch exclusive the interview of Adi Godrej, Chairman of the Godrej Group on profits of Godrej Group.
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