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LIC Housing Finance hikes lending rates by 50 basis points
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 22 (ANI): LIC Housing Finance Ltd, a leading housing finance company in India, on Monday announced 50 basis points increase in lending rates following the Reserve Bank of India's recent decision to hike policy repo rate.
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RBI's digital lending norms to change operating model of NBFCs
Updated : 3 years, 7 months ago IST
New Delhi [India], August 20 (ANI): The digital lending norms announced by the Reserve Bank of India (RBI) on August 10, 2022, aim to usher in orderly growth and financial stability, check malpractices, strengthen transparency, and protect customer interests. They would, however, raise opera
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India's forex reserves dip by $2.23 billion to $570.74 bn
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 20 (ANI): India's foreign exchange (forex) reserves fell by $2.238 billion to $570.74 billion for the week ended August 12, the Reserve Bank of India (RBI) data showed.
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Inflation remains unacceptably and uncomfortably high: RBI Governor at MPC
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 19 (ANI): Though inflation has moderated and plateaued since its recent peak of April 2022, it remains unacceptably and uncomfortably high, Reserve Bank of India (RBI) Governor Shaktikanta Das said in his intervention during the Monetary Policy Committee
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Gradual approach to bank privatisation would result in better outcomes: RB
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 19 (ANI): The Reserve Bank of India (RBI) on Friday issued a clarification on a report related to privatisation of public sector banks, as published in August 2022 issue of the RBI Bulletin, saying it does not represent the central bank's views.
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RBI seeks public feedback on changes in payment systems
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 18 (ANI): The Reserve Bank of India (RBI) has invited feedback from the public on the various changes proposed in the payments system, including the possibility of imposing tiered charges on transactions done through the Unified Payments Interface (UPI).
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Abhi Loans, pioneers in building quick credit solutions for retail custome
Updated : 3 years, 7 months ago IST
New Delhi [India], August 17 (ANI/SRV): KNAB Finance Advisors Private Limited, a regulated NBFC registered with RBI, has successfully raised $4.5 million in debt and equity for its digital lending platform -Abhi Loans. DMI Sparkle Fund led the funding round along with other prominent angel i
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Retail inflation falls to 5-month low of 6.71 per cent in July
Updated : 3 years, 7 months ago IST
New Delhi [India], August 12 (ANI): India's headline retail inflation fell to 6.71 per cent in July, the lowest level in five months, helped by an easing in food and oil prices, as per the National Statistical Office (NSO) data released on Friday.
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SC notice to Centre, RBI on plea seeking creation of centralised online da
Updated : 3 years, 7 months ago IST
New Delhi [India], August 12 (ANI): The Supreme Court on Friday issued notices to the Centre, Reserve Bank of India (RBI) and others on a plea seeking directions to create a centralised database providing information about bank accounts, insurance, post office funds etc. held by deceased
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Centre re-nominates 4 independent directors on central board of RBI
Updated : 3 years, 7 months ago IST
New Delhi [India], August 12 (ANI): The central government has re-nominated Satish Kashinath Marathe, Swaminathan Gurumurthy, Revathy Iyer, and Sachin Chaturvedi as part-time, non-official directors on the central board of the Reserve Bank of India.
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Bank credit grows 14.5 per cent as on July 29, shows RBI data
Updated : 3 years, 7 months ago IST
New Delhi [India], August 11 (ANI): Bank credit grew 14.5 per cent year-on-year as on July 29, data released by the Reserve Bank of India on Wednesday showed.
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Bank of Baroda hikes lending rates by 5 to 20 basis points
Updated : 3 years, 7 months ago IST
New Delhi [India], August 10 (ANI): Bank of Baroda on Wednesday hiked lending rates across various tenures by 5 to 20 basis points.
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