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Public sector banks asked to reassess gold loan process amid debt risk con
Updated : 2 years ago IST
The Ministry of Finance has written to public sector banks to reassess their gold loan procedures amid concerns over risky debt as gold prices surge, informed a senior official.
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India's retail inflation almost unchanged in Feb; here's what experts say
Updated : 2 years ago IST
Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month. It was at a four-month high of 5.69 per cent in December.
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India, Indonesia central banks sign agreement to promote use of local curr
Updated : 2 years ago IST
The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on Thursday for establishing a framework to promote the use of local currencies -- the Indian Rupee (INR) and the Indonesian Rupiah (IDR) for cross-border transactions.
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Public Trust Caught in Crossfire of Failed Bank and Consequent Amalgamatio
Updated : 2 years ago IST
New Delhi [India], March 6: In light of the Punjab and Maharashtra Cooperative Bank's risky investments that led to its license revocation by the RBI, several organizations faced significant losses. While 95% of the bank's depositors received up to Rs. 5,00,000 as insured amount, certain soc
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RBI directs card issuers to offer choice among card networks, bans restric
Updated : 2 years ago IST
According to a press release, the central bank prohibited card issuers from entering into agreements with card networks that restrict them from availing the services of other card networks.
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RBI bars JM Financial Products from lending against shares, bonds
Updated : 2 years ago IST
According to RBI, the action was necessitated due to certain serious deficiencies observed in respect of loans sanctioned by the company for IPO financing as well as NCD subscriptions
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DY Patil T20 Cup 2024: Badoni stars for DY Patil Blue
Updated : 2 years ago IST
Ayush Badoni starred for DY Patil Blue as he led his side to a six-wicket win over Route Mobile Limited at the DY Patil Stadium in the 18th DY Patil T20 Cup on Monday
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Reserve Bank bars IIFL Finance from sanctioning new gold loans
Updated : 2 years ago IST
The Reserve Bank of India has directed IIFL Finance Ltd. (the company) to stop sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans.
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DY Patil T20 Cup 2024: Tata, Indian Oil post contrasting wins
Updated : 2 years ago IST
Tata Sports Club registered a thrilling four-wicket win over RBI at the DY Patil Stadium in the DY Patil T20 Cup 2024. Meanwhile at the DY Patil University Ground Indian Oil beat Nirlon Sports Club by five wickets
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80pc of digital payments in India happen through UPI: RBI governor
Updated : 2 years ago IST
The share of UPI in digital payments in India has reached close to 80 per cent in 2023, informed Reserve Bank of India (RBI) Shaktikanta Das on Monday, as he outlined the growth of payments ecosystem in the country.
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Moody's raises India's 2024 GDP forecast to 6.8 per cent amidst positive e
Updated : 2 years ago IST
The revised GDP estimate reflects an upward revision from Moody's earlier projection of 6.1 per cent, indicating a more favorable outlook for India's economic performance in the coming years.
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India-Nepal enhance financial cooperation; digital payment to be inaugurat
Updated : 2 years ago IST
Nepali Ambassador to India, Shankar Sharma, appreciated the new guidelines of the Reserve Bank of India, which allow multiple financial services between the citizens of India and Nepal.
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