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RBI proposes variable pay for bank CEOs
Updated : 7 years ago IST
Mumbai (Maharashtra) [India], Feb 26 (ANI): The Reserve Bank of India (RBI) has proposed a new set of rules which includes a large portion of compensation for bank chiefs in the form of variable pay.
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Digital payment apps need to be more user-friendly: CUTS International
Updated : 7 years ago IST
New Delhi [India], Feb 24 (ANI): Digital payments applications need to be more user-friendly, consume less data and battery, be available in the local language and use innovative tools to enhance usability, according to Consumer Unity and Trust Society (CUTS) International.
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Smart investment moves for FY 2019-20
Updated : 7 years ago IST
Pune (Maharashtra) [India] Feb 19 (ANI): With the new financial year just around the corner, investment planning is at the back of the mind of most individuals. As a rule, your investment returns heavily depend on the economic conditions and the fluctuations in repo rate. It is hence, import
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RBI Board to give interim surplus of Rs 28,000 crore to Govt for July-Dec
Updated : 7 years ago IST
New Delhi [India], Feb 18 (ANI): The Reserve Bank of India (RBI) on Monday decided to transfer an interim surplus of Rs 28,000 crore to the central government for half-year ended December 31, 2018.
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RBI governor to meet bank chiefs on rate cuts this week
Updated : 7 years ago IST
New Delhi [India], Feb 18 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das will meet the heads of public and private sector banks on February 21 to seek their views on cutting interest rates for borrowers.
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Liquidity constraints continue in the market despite bank recoveries: FICC
Updated : 7 years ago IST
New Delhi [India], Feb 17 (ANI): Considerable liquidity constraints witnessed in the economy during second half of 2018 are likely to continue for the remaining fiscal year (January to March 2019), according to a joint survey by Federation of Indian Chambers of Commerce and Industry (FICC
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Wholesale inflation eases to 2.76% in January
Updated : 7 years, 1 month ago IST
New Delhi [India], Feb 14 (ANI): The annual rate of inflation based on wholesale price index stood at 2.76 per cent last month compared to 3.02 per cent in January 2018, the government said on Thursday.
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RBI fines 4 PSU banks for deficiencies in regulatory compliance
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 13 (ANI): The Reserve Bank of India (RBI) has imposed penalties on four public sector banks for non-compliance of its various directions.
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Over 34 crore bank accounts opened under PMJDY till January
Updated : 7 years, 1 month ago IST
New Delhi [India], Feb 12 (ANI): The proportion of people joining the formal financial system has more than doubled since 2011 with a total of more than 34 crore bank accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), Parliament was informed on Tuesday.
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Equities close flat after volatile trading as RBI cuts repo rates
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 7 (ANI): Key benchmarks Sensex and Nifty witnessed a volatile session on Thursday but most of the shares ended little changed after the central bank cut interest rates in a bid to boost the slowing economy.
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RBI cuts lending rates by 25 basis points; GDP growth projected at 7.4 pc
Updated : 7 years, 1 month ago IST
Mumbai, Feb 7 (ANI): The Reserve Bank of India (RBI) lowered interest rates on Thursday and shifted its stance from 'calibrated tightening' to 'neutral' after factoring in sliding inflation rate.
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RBI cuts repo rate by 25 basis points, shifts stance to 'neutral'
Updated : 7 years, 1 month ago IST
Mumbai, Feb 7 (ANI): The Reserve Bank of India (RBI) lowered interest rates on Thursday and shifted its stance from 'calibrated tightening' to 'neutral' after factoring a sharp fall in inflation rate.
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