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RBI alerted banks on possible misuse of SWIFT
Updated : 8 years ago IST
New Delhi [India], Feb 20 (ANI): The Reserve Bank of India (RBI) on Tuesday released a statement asserting that it had confidentially cautioned and alerted banks on the possible misuse of SWIFT, on at least three occasions since August 2016.
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Oxigen Services launches paperless expense management solution for SMEs, c
Updated : 8 years ago IST
New Delhi [India], Feb 20 (ANI-NewsVoir): India's leading payment solutions provider-Oxigen Services on Tuesday announced the launch of India's first all-in-one prepaid Debit Card-based expense management solution in collaboration with Rupay and RBL Bank.
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ASSOCHAM urges reduction of govt. stake in banks
Updated : 8 years ago IST
New Delhi [India], Feb 18 (ANI): In lieu of the ongoing fraudulent transaction scam involving Punjab National Bank, the ASSOCHAM demanded that the government to reduce its stake in banks to less than 50 percent.
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RBI denies giving instruction to PNB over Nirav Modi fraud
Updated : 8 years, 1 month ago IST
New Delhi [India] Feb. 16 (ANI): The Reserve Bank of India (RBI) on Friday denied giving any instruction to the Punjab National Bank (PNB) over Nirav Modi fraud.
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Balancing farmers', consumers' interests a tight rope walk: ASSOCHAM
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 13 (ANI): Having raised farmers' expectations by promising them a higher Minimum Support Price (MSP), the government will find it a 'tight rope walk' situation in managing the conflicting interests between farm producers and consumers, the ASSOCHAM said.
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RBI rolls out new stressed assets framework to tackle bad loan problem
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 13 (ANI): The Reserve Bank of India (RBI) scrapped numerous loan restructuring programmes, asking banks to immediately identify defaults and make disclosures every Friday to the RBI credit registry, starting from February 23.
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Eduvanz secures RBI approval to disburse loans for skill development
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 12 (ANI): Eduvanz Financing - a skill development loan provider, announced that it has been granted the non-banking financial company (NBFC) licence by the Reserve Bank of India (RBI) to start providing loans in the multi-billion skill development sector.
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Risks related to bitcoins being examined: MoS Finance
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 10 (ANI): Minister of State for Finance P Radhakrishnan has stated that the financial, operational and security-related risks of bitcoins are being assessed.
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2018-19 will be reasonably comfortable for economy: Jaitley
Updated : 8 years, 1 month ago IST
New Delhi [India] Feb 10 (ANI): Union Finance Minister Arun Jaitley on Saturday said he expects the country's fiscal situation to be 'reasonably' comfortable in the 2018-19 period.
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RBI to link base rate with MCLR
Updated : 8 years, 1 month ago IST
New Delhi [India] February 8 (ANI): The Reserve Bank of India (RBI) on Thursday said that it will link the base rate with the Marginal Cost of Funds based Lending Rates (MCLR) from April 1 to ensure expeditious transmission of its policy rate to borrowers.
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Rates unchanged will avoid further panic in domestic markets
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 7 (ANI): Chief Economist HDFC Bank, Abheek Barua on Wednesday said the decision for the Reserve Bank of India (RBI) to keep the he repo rate and reverse repo rate unchanged at 6 percent and 5.75 percent respectively was done in view to avoid another bout of panic in th
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RBI grants payment extension to select MSMEs
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 7 (ANI): In a bid to relieve Micro, Small and Medium Enterprises (MSMEs) of payment-related woes, the Reserve Bank of India (RBI) on Wednesday announced that select companies would be provided additional time to repay loans.
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