Search For "rbi"
Neowise Technologies joins forces with Kalandri Capital to co-create credi
Updated : 4 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 5 (ANI/BusinessWire India): Neowise Technologies, aspiring to be a credit led digital banking platform co-founded by Rohit Ramachandran and Siddarth Padmanabhan, recently partnered with Kalandri Capital Pvt. Ltd, an RBI licensed NBFC.
Read More
India's current account balance records deficit of USD 8.1 billion for Mar
Updated : 4 years, 9 months ago IST
New Delhi [India], June 30 (ANI): India's current account balance (CAB) recorded a deficit of USD 8.1 billion for the fourth quarter of the financial year 2020-21, which is 1 per cent of the Gross Domestic Product (GDP), according to data released by Reserve Bank of India on Wednesday.
Read More
GST has reduced rate at which people have to pay tax: Nirmala Sitharaman
Updated : 4 years, 9 months ago IST
New Delhi [India], June 30 (ANI): Union Finance Minister Nirmala Sitharaman on Wednesday said that the Goods and Services Tax (GST) has reduced the rate at which people have to pay tax and the GST rate at present is only 11.6 per cent.
Read More
Industry leaders expect major uplift in market sentiment in 2021-22 despit
Updated : 4 years, 9 months ago IST
New Delhi, (Delhi), [India], June 22 (ANI/NewsVoir): Despite the setback suffered on the economic front due to the onslaught of COVID-19 pandemic, there are some signs of the revival of economic activities as the country has entered the unlock phase. The industry has also derived its optimis
Read More
Dvara KGFS receives the long-term rating of 'ACUITE A-' by Acuite Ratings
Updated : 4 years, 9 months ago IST
Chennai (Tamil Nadu) [India], June 21 (ANI/NewsVoir): Acuite Ratings & Research Limited, a SEBI registered and RBI accredited credit rating agency, assigns the long-term rating of 'ACUITE A-' (read as ACUITE A minus) on the facilities of Dvara Kshetriya Gramin Financial Services Private
Read More
Reliance Home Finance takes up resolution plan approved by lenders
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 21 (ANI): The board of directors at Reliance Home Finance (RHF) on Monday took note of a resolution plan approved by lenders under the Reserve Bank of India's (RBI's) prudential framework for resolution of stressed assets.
Read More
Real GDP growth likely to be 8.7 pc in FY22: Motilal Oswal
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 19 (ANI): Motilal Oswal Financial Services has projected real GDP growth of 8.7 per cent in FY22, down from 11.1 per cent it had forecast earlier.
Read More
RBI gives nod to Centrum Financial Services for small finance bank
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 18 (ANI): The Reserve Bank of India (RBI) on Friday decided to grant in-principle approval to Centrum Financial Services Ltd to set up a small finance bank.
Read More
New harmonisation proposals to create level playing field for NBFCs-MFIs:
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 17 (ANI): Harmonisation guidelines proposed by the Reserve Bank of India (RBI) for non-banking finance companies and microfinance institutions (NBFCs-MFIs) are need of the hour to address diverse interpretations of regulations by multiple forms of entities,
Read More
Inflation persistence vis-a-vis low growth, RBI has limited choice: SBI re
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 16 (ANI): Driven by several global and domestic factors, inflation may remain elevated in the coming months, State Bank of India's research division said on Wednesday.
Read More
Fitch expects more sideways trading for Indian rupee
Updated : 4 years, 9 months ago IST
Singapore, June 14 (ANI): Fitch Solutions said on Monday it expects the rupee to continue trading in a range between INR72.30/USD and INR75/USD over the remainder of the year.
Read More
RBI extends risk-based internal audit norms to HFCs
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 11 (ANI): The Reserve Bank of India (RBI) on Friday extended risk-based internal audit (RBIA) system for housing finance companies to enhance quality and effectiveness of their internal audit system.
Read More