Search For "monet"
RBI imposes Rs. 30 mn penalty on IndusInd Bank
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec 13 (ANI):The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 30 million on IndusInd Bank for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and contravention of regulatory restrictions per
Read More
Retail inflation in November sees uptick to 4.88 percent
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec 12 (ANI): India's retail inflation on Tuesday grew at 4.88 percent in November, citing an increase in foods and oil prices.
Read More
AxisRooms introduces vacation rental product for homeowners to monetise pr
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec 12 (ANI): AxisRooms, a travel distribution solutions provider for hotels and travel accommodations is all set to unveil its new Vacation Rental property management and maintenance service at its Meet & Greet meeting with vacation home and homestay owners of India in va
Read More
Pak to depreciate currency after talks with IMF
Updated : 8 years, 6 months ago IST
Islamabad [Pakistan], Dec 9 (ANI): Pakistan has agreed to allow the depreciation of rupee post talks with the International Monetary Fund (IMF) on the nation's economy.
Read More
Manipur CM distributes monetary aid under illness assistance fund
Updated : 8 years, 6 months ago IST
Imphal (Manipur)[India], December 09 (ANI): Manipur Chief Minister N. Biren Singh has distributed monetary aid worth Rs. 1.1 crore to 91 selected beneficiaries under Manipur State Illness Assistance Fund (MSIAF).
Read More
RBI caps merchant discount rates to boost debit card transactions
Updated : 8 years, 6 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): In a bid to boost transactions using debit cards, and digitisation on the whole, the Reserve Bank of India (RBI) on Wednesday has capped merchant discount rate (MDR) and will create a framework for asset-light acceptance infrastructure.
Read More
Banking system liquidity moving towards neutrality: RBI Dy Gov
Updated : 8 years, 6 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): Reserve Bank of India (RBI) Deputy Governor Viral Acharya on Wednesday highlighted that as far as the present condition is concerned, the banking system liquidity is moving towards neutrality.
Read More
Looming inflation may hamper interest rate cuts
Updated : 8 years, 6 months ago IST
New Delhi [India], Nov 25 (ANI): Inflation is expected to remain a key concern both for the government and Reserve Bank of India (RBI), thus reducing hopes of a cut in interest rates, the ASSOCHAM said.
Read More
Moody's upgrade well deserved for India's fiscal path: Chanda Kochhar
Updated : 8 years, 6 months ago IST
New Delhi [India], Nov 17 (ANI): Hailing the upgrade made by US-based Moody's over India's sovereign credit rating, ICICI Bank CEO and MD Chanda Kochhar on Friday said that the decision will help in cementing the stability and sustainability of Indian economy's fiscal path.
Read More
Mobiles will soon replace ATMs, debit/credit cards: NITI Aayog CEO
Updated : 8 years, 7 months ago IST
Noida (Uttar Pradesh) [India], November 12 (ANI): Amid the ongoing digitisation drive in India, NITI Aayog CEO Amitabh Kant opined that monetary transactions would soon engulf the usage of debit and credit cards as well as ATM, thereby making the latter "redundant" in the next three-to-four
Read More
CPEC to benefit China more than Pakistan: Report
Updated : 8 years, 7 months ago IST
Bejing [China], Oct 29 (ANI): The multibillion-dollar China Pakistan Economic Corridor (CPEC), which is part of Chinese President Xi Jinping's 'Belt and Road Initiative', will benefit China more than Pakistan due to lack of Pakistani input in the project.
Read More
Corruption, not India, is biggest threat to CPEC, says expert
Updated : 8 years, 8 months ago IST
New York [U.S.A.], October 13 (ANI): Corruption, and not India, is the biggest threat for the multi-billion-dollar project, the China Pakistan Economic Corridor (CPEC), says an expert.
Read More