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RBI penalises HDFC Bank for violating KYC norms
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Jun 19 (ANI): The Reserve Bank of India (RBI) has imposed a fine of Rs one crore on private sector lender HDFC Bank for violation norms relating to know-your-customer (KYC), anti-money laundering and reporting of frauds.
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Slowdown in agriculture, manufacturing may pull GDP down to 6.6 pc: Fitch
Updated : 6 years, 9 months ago IST
London [Britain], June 18 (ANI): Global rating agency Fitch Ratings has cut forecast for India's gross domestic product (GDP) growth to 6.6 per cent for the current fiscal 2019-20, from 6.8 per cent projected three months ago, largely due to persistent slowdown in manufacturing and agricultu
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India to address concerns on e-commerce data storage requirements
Updated : 6 years, 9 months ago IST
New Delhi [India], June 18 (ANI): The government has asked representatives of e-commerce companies to send their concerns over data storage requirements so that a robust framework can be evolved to leverage innovative digital technologies and unlock immense economic opportunities.
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RBI to focus on growth when inflation is under control: Das
Updated : 6 years, 9 months ago IST
Mussoorie (Uttarakhand) [India], June 17 (ANI): Amid global slowdown and weakening trade, the Reserve Bank of India (RBI) has been striving to boost economic growth in the country when inflation is under control, its Governor Shaktikanta Das said on Monday.
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RBI has scope for another interest rate cut due to lower WPI inflation: In
Updated : 6 years, 9 months ago IST
New Delhi [India], June 14 (ANI): India Ratings and Research (Ind-Ra) said on Friday that a key driver of lower wholesale inflation has been manufactured products where inflation declined to 1.28 per cent in May compared to 1.72 per cent in April.
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Bajaj Finserv prescribes hassle-free finance for doctors
Updated : 6 years, 9 months ago IST
Pune (Maharashtra) [India] June 12 (ANI/BusinessWire India): As a doctor, your responsibilities are many and your working hours can be erratic, especially if you run your own practice. As you do not have the fixed working hours of someone with a 9-5 desk job, you may not be able to give e
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No charges for RTGS, NEFT transactions from July 1
Updated : 6 years, 9 months ago IST
New Delhi [India], June 11 (ANI): The Reserve Bank of India (RBI) on Tuesday directed banks to withdraw the charges levied on the National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS) transactions with effect from July 1.
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RBI issues revised norms on stressed assets
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 7 (ANI): The Reserve Bank of India (RBI) on Friday released fresh guidelines to deal with bad loans, which mandated banks to start the resolution even if there was a one-day default.
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Goyal calls for big push to boost exports
Updated : 6 years, 9 months ago IST
New Delhi [India], June 7 (ANI): Minister of Commerce and Industry Piyush Goyal on Friday called for easy availability of credit at a low interest rate to boost exports of goods and services to two trillion US dollars in the next five years.
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Stocks end in the green after volatile session, pharma stocks slide
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 7 (ANI): Equity benchmark indices oscillated between gains and losses on Friday, a day after the Reserve Bank of India (RBI) marginally reduced key interest rates and serious funding challenges appeared to cripple non-bank financial institutions.
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Earn high returns on Bajaj Finance Fixed Deposit in a Low Repo Rate Regime
Updated : 6 years, 9 months ago IST
Pune (Maharashtra) [India] June 6(ANI/BusinessWire India): In yet another surprise move, the RBI has cut repo rate by 25 basis points to 5.75 per cent from 6 per cent.
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RBI could have done more to overcome liquidity challenges, say experts
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): Industry leaders said on Thursday that while Reserve Bank of India's decision to cut repo rate by 25 basis points rate cut was on expected lines, concerns over economic growth and liquidity challenges continue to linger.
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