Search For "rbi"
IndusInd Bank gets empanelled as agency bank to RBI
Updated : 4 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 3 (ANI): Private sector lender IndusInd Bank said on Tuesday it has been empanelled by the Reserve Bank of India (RBI) as an agency bank to facilitate transactions related to government businesses.
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Govt asked Central Public Sector Enterprises, firms with Rs 500 cr turnove
Updated : 4 years, 7 months ago IST
New Delhi [India], August 2 (ANI): The Government of India has instructed Central Public Sector Enterprises and all companies with a turnover of Rs 500 crore or more to get themselves on-boarded on TReDS, the Centre informed the Lok Sabha on Monday.
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Personal loans sector records accelerated growth of 11.9 pc: RBI
Updated : 4 years, 8 months ago IST
New Delhi [India], July 30 (ANI): Personal loans registered an accelerated growth of 11.9 per cent in June 2021 as compared to 10.4 per cent recorded last year, according to data released by the Reserve Bank of India (RBI) on Friday.
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Banks should cooperate more to face COVID crisis, says Kerala CM
Updated : 4 years, 8 months ago IST
Thiruvananthapuram (Kerala) [India], July 30 (ANI): Kerala Chief Minister Pinarayi Vijayan on Thursday said banks should cooperate more to face the economic crisis created by the COVID pandemic. The Chief Minister was addressing a meeting of the State Level Bankers' Committee.
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Duped of Rs 14 lakh, man moves SC seeking directions for Centre, RBI other
Updated : 4 years, 8 months ago IST
New Delhi [India], July 29 (ANI): After being allegedly duped online to the tune of Rs 14 lakh, an Uttar Pradesh man has moved the Supreme Court seeking appropriate directions for the Centre, Reserve Bank of India and other banks to deal with an increasing number of online frauds.
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Magma Fincorp Limited announces name change to Poonawalla Fincorp Limited
Updated : 4 years, 8 months ago IST
Pune (Maharashtra) [India], July 23 (ANI/BusinessWire India): Magma Fincorp Limited, a RBI-registered non-banking finance company (NBFC) has been rechristened as Poonawalla Fincorp Limited and has initiated rebranding activity, following the acquisition of controlling stake by Adar Poonawall
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RBI imposed restrictions on Mastercard from onboarding new customers from
Updated : 4 years, 8 months ago IST
New Delhi [India], July 14 (ANI): Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard from onboarding new domestic customers (debit, credit or prepaid) onto its network from July 22 for non-compliance with 'directions on Storage of Payment System Data'.
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Benefit from the renewal facility offered by Bajaj Finance Online FD
Updated : 4 years, 8 months ago IST
Pune (Maharashtra) [India], July 12 (ANI/NewsVoir): The Reserve Bank of India (RBI) on Friday, July 2, made some noteworthy changes regarding the interest on the amount left unclaimed with the bank after a term deposit (TD)/Fixed Deposit (FD) matures. According to the new rules if a customer
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'We are in process to setup small finance bank which will take over PMC Ba
Updated : 4 years, 8 months ago IST
New Delhi [India], July 12 (ANI): The Reserve Bank of India on Monday said it has given "in-principle" approval to one Centrum Financial Services Ltd (CFSL) to set up a small finance bank (SFB), which will take over the beleaguered Punjab and Maharashtra Cooperative Bank (PMC Bank) very s
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RBI issues advisory to banks emphasising need for preparedness for transit
Updated : 4 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): The Reserve Bank of India (RBI) on Thursday issued an advisory to banks and other RBI-regulated entities emphasizing the need for preparedness for the transition away from the London Interbank Offered Rate (LIBOR).
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RBI imposes penalties on SBI, 13 banks for violation of rules
Updated : 4 years, 8 months ago IST
New Delhi [India], July 8 (ANI): The Reserve Bank of India (RBI) on Tuesday imposed a monetary penalty on fourteen banks, including the State Bank of India (SBI) and Bank of Baroda (BOB) for violation of various rules.
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RBI to conduct Rs 20,000 crore bond purchase on July 8
Updated : 4 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): The Reserve Bank of India (RBI) will conduct open market purchase of government bonds worth Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on July 8.
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