Search For "rbi"
Decision on PMC bank important for compliance: MoS Finance Anurag Thakur
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 25 (ANI): Minister of State for Finance Anurag Thakur on Wednesday said that RBI's decision on the Punjab and Maharashtra Cooperative Bank (PMC Bank) to ensure compliance was necessary but steps should be taken so that the stakeholders are not inconvenienced.
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Slashing corporate tax rates a bold measure: RBI Governor Das
Updated : 6 years, 6 months ago IST
New Delhi [India], Sep 24 (ANI): The government's recent decision to cut corporate tax rates is a bold measure and augurs well for the economy, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday.
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RBI restricts activities of PMC Bank due to heightened risks
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 24 (ANI): The Reserve Bank of India (RBI) has restricted activities of Punjab and Maharashtra Cooperative Bank (PMC Bank) for six months and asked it to not grant or renew any loans and advances, make any investment or incur any liability, including borrowal
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No recession in global economy, India's external sector shows great resili
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 19 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that there was no recession as of today in the global economy but there was a hostile environment to which India's external sector had shown great resilience and viability. Read More
Here's how Bajaj Finserv's pocket insurance comes to your rescue if you ar
Updated : 6 years, 6 months ago IST
Pune (Maharashtra) [India] Sept 19 (ANI/BusinessWire India): Despite the shift towards a cashless economy, the number of people using ATMs across the nation is still significantly large. A recent report by the RBI said that over 800 million Indians have been actively using ATMs in 2019 as
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RBI proposes norms to regulate payment gateways and aggregators
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 18 (ANI): In a bid to make digital payments safer and transparent, the Reserve Bank of India (RBI) has proposed to regulate payment gateway service providers and aggregators in online transactions.
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Financial exclusion is BJP government's norm, says Surjewala
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 15 (ANI): Financial exclusion is the norm of the Bharatiya Janata Party (BJP) led Central government, said Congress spokesperson Randeep Singh Surjewala on Sunday.
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Exporters can take benefit under MEIS scheme till Dec 31: DGFT
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 14 (ANI): The country's exporters will get the benefit of the Merchandise Exports from India Scheme (MEIS) till December 31, said Director General of Foreign Trade (DGFT) Alok Vardhan Chaturvedi on Saturday.
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RBI reduces risk weight for consumer credit
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 13 (ANI): The Reserve Bank of India (RBI) on Thursday reduced the risk weight for consumer credit including personal loans to 100 per cent.
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RTI activist claims 2,480 cases of fraud in PSBs involving over Rs 31,800
Updated : 6 years, 6 months ago IST
Neemuch (Madhya Pradesh) [India], Sept 10 (ANI): An RTI activist from Neemuch town of the Malwa region has claimed that a total of 2,480 cases of fraud in public sector banks involving more than Rs 31,800 crore have been registered in the first quarter of current financial year 2019-20. Read More
Edelweiss teams up with SBI for co-origination of loans to MSMEs
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 5 (ANI): ECL Finance, a subsidiary of Edelweiss Financial Services, State Bank of India (SBI) have signed a co-origination agreement to increase access to credit for micro, small and medium enterprises (MSMEs).
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RBI makes it mandatory for banks to link retail and MSME loans to external
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 4 (ANI): The Reserve Bank of India (RBI) on Wednesday issued a circular making it mandatory for banks to link all new floating rate personal or retail loans and floating rate loans to micro, small and medium enterprises to an external benchmark.
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