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Reliance Home Finance takes up resolution plan approved by lenders
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 21 (ANI): The board of directors at Reliance Home Finance (RHF) on Monday took note of a resolution plan approved by lenders under the Reserve Bank of India's (RBI's) prudential framework for resolution of stressed assets.
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Real GDP growth likely to be 8.7 pc in FY22: Motilal Oswal
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 19 (ANI): Motilal Oswal Financial Services has projected real GDP growth of 8.7 per cent in FY22, down from 11.1 per cent it had forecast earlier.
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RBI gives nod to Centrum Financial Services for small finance bank
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 18 (ANI): The Reserve Bank of India (RBI) on Friday decided to grant in-principle approval to Centrum Financial Services Ltd to set up a small finance bank.
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New harmonisation proposals to create level playing field for NBFCs-MFIs:
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 17 (ANI): Harmonisation guidelines proposed by the Reserve Bank of India (RBI) for non-banking finance companies and microfinance institutions (NBFCs-MFIs) are need of the hour to address diverse interpretations of regulations by multiple forms of entities,
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Inflation persistence vis-a-vis low growth, RBI has limited choice: SBI re
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 16 (ANI): Driven by several global and domestic factors, inflation may remain elevated in the coming months, State Bank of India's research division said on Wednesday.
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Fitch expects more sideways trading for Indian rupee
Updated : 4 years, 9 months ago IST
Singapore, June 14 (ANI): Fitch Solutions said on Monday it expects the rupee to continue trading in a range between INR72.30/USD and INR75/USD over the remainder of the year.
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RBI extends risk-based internal audit norms to HFCs
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 11 (ANI): The Reserve Bank of India (RBI) on Friday extended risk-based internal audit (RBIA) system for housing finance companies to enhance quality and effectiveness of their internal audit system.
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RBI's third tranche of Rs 40,000 crore OMO on June 17
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 10 (ANI): The Reserve Bank of India (RBI) said on Thursday it will conduct third tranche of open market purchase of government securities and state development loans under G-sec Acquisition Programme (G-SAP 1.0).
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Digital transactions total Rs 131 lakh crore in Q1: Worldline India
Updated : 4 years, 9 months ago IST
New Delhi [India], June 10 (ANI): Digital transactions in the country during January to March stood at 93.7 crore in volume terms and Rs 131 lakh crore in value terms, Worldline India said on Thursday.
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Centre re-appoints Mahesh Kumar Jain as RBI Deputy Governor
Updated : 4 years, 9 months ago IST
New Delhi [India], June 9 (ANI): The Centre on Wednesday re-appointed former IDBI Bank managing director (MD) and chief executive officer (CEO) Mahesh Kumar Jain, as the deputy governor of the Reserve Bank of India (RBI) for a period of two years.
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TalentSprint and RBCDSAI at IIT Madras to create a new breed of DeepTech P
Updated : 4 years, 9 months ago IST
Bengaluru (Karnataka) [India], June 7 (ANI/BusinessWire India): TalentSprint, an NSE Group company, and India's leading edtech company, announced a multi-year partnership with Robert Bosch Centre for Data Science and AI (RBCDSAI) at IIT Madras to launch multiple deep-tech executive education
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PIL in SC seeking direction to Centre, RBI not to classify loan account as
Updated : 4 years, 9 months ago IST
New Delhi [India], June 6 (ANI): A petition has been filed before the Supreme Court by an NGO seeking appropriate directions to the Centre and the Reserve Bank of India (RBI) to issue a notification to all the banks to refrain from classifying any loan account as NPA for non-payment of EMI f
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