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Jocata launches One Case Manager enabling Financial Institutions comply by
Updated : 1 year, 7 months ago IST
New Delhi [India], August 12: Jocata, a leading RegTech partner for the BFSI industry announces the pan-India rollout of its industry-first offering called 'One Case Manager'. Jocata One Case Manager comes at a time when RBI circular dated January 2024 directs the regulated entities (REs)
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Innoviti Closes Series E Fund Raise
Updated : 1 year, 7 months ago IST
Bengaluru (Karnataka) [India], August 12: Innoviti Technologies Pvt. Ltd., India's largest payments-centric retail SaaS platform for enterprise brands and their SME channel partners, announced today that it closed its Series E round raising a total of Rs. 70 Cr. as a combination of equity
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RBI expected to begin rate cuts in October, with two reductions this fisca
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that external factors like weather conditions and international commodity prices do not cause any disruptions, the credit rating agency, Crisil said in its report.
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Banks must focus on their core business, come with innovative products to
Updated : 1 year, 7 months ago IST
Union Finance Minister Nirmala Sitharaman, again asked the banks to focus on their core business and come with innovative products to increase deposits.
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FM Nirmala Sitharaman attends RBI Board of Directors meeting
Updated : 1 year, 7 months ago IST
Union Finance Minister Nirmala Sitharaman on Saturday addended a meeting with members of the Central Board of Directors of Reserve Bank of India (RBI) in New Delhi.
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India's forex reserves touch fresh high of USD 675 billion, rose over USD
Updated : 1 year, 7 months ago IST
The reserves have been rising on and off for a long time now. So far in 2024, they have risen by about USD 45-50 billion, on a cumulative basis. The buffer of foreign exchange reserves insulates domestic economic activity from global spillovers.
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Finance Minister introduces Banking Laws (Amendment) Bill in Lok Sabha
Updated : 1 year, 7 months ago IST
The bill provides for amending the Reserve Bank of India Act, 1934, Banking Regulation Act 1949, State Bank of India Act, 1955, Banking Companies (Acquisition and Transfer of Undertakings) Act 1970, and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.
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Nirmala Sitharaman to introduce new bills to amend banking laws in Lok Sab
Updated : 1 year, 7 months ago IST
As the Parliament convenes for the ongoing Budget Session on Friday, Union Finance Minister Nirmala Sitharaman will introduce new Bills including the Banking Laws (Amendment) Bill, 2024 to amend the Reserve Bank of India Act, the Banking Regulation Act and the State Bank of India Act among o
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SBI projects GDP growth of 7 pc in FY25, lower than RBIs forecast of 7.2 p
Updated : 1 year, 7 months ago IST
The State Bank of India in a report projects that India's real GDP will grow by 7.0 per cent year-on-year in FY25, which is slightly lower than the RBI's forecast of 7.2 per cent.
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High food prices raise concerns but improved monsoon offers hope for RBI:
Updated : 1 year, 7 months ago IST
The ongoing volatility in the prices of key food items such as tomatoes, onions, and potatoes (collectively known as TOP) and pulses continues to pose significant challenges for the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), highlights a report by SBI.
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Lenders to share credit information on fortnightly basis instead of monthl
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) has reduced the mandated frequency of reporting of credit information by Credit Institutions to Credit Information Companies.
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Sensex and Nifty close 582 and 180 points down after RBI keeps rates uncha
Updated : 1 year, 7 months ago IST
The Indian benchmark indices traded weak after opening on a negative note on Thursday, reacting to the unchanged policy repo rate announced by the Reserve Bank of India
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