Search For "reserve bank"
RBI introduces Ombudsman Scheme for NBFCs
Updated : 8 years ago IST
New Delhi [India], Feb 23 (ANI): As announced in its Monetary Policy Statement on February 7, India's central bank, Reserve Bank of India (RBI), on Friday launched the Ombudsman Scheme for Non-Banking Financial Companies (NBFCs).
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Weizmann Forex to acquire integrated payments platform JaldiCash
Updated : 8 years ago IST
Mumbai (Maharashtra) [India], Feb 21 (ANI): Board of Directors of Weizmann Forex Limited (WFL), a leading player in the foreign exchange and inward remittances space, on Wednesday approved the acquisition of Weizmann Impex Enterprises Ltd (WISE).
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RBI alerted banks on possible misuse of SWIFT
Updated : 8 years ago IST
New Delhi [India], Feb 20 (ANI): The Reserve Bank of India (RBI) on Tuesday released a statement asserting that it had confidentially cautioned and alerted banks on the possible misuse of SWIFT, on at least three occasions since August 2016.
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SC to hear plea against Nirav Modi on Feb 23
Updated : 8 years ago IST
New Delhi [India], Feb 20 (ANI): The Supreme Court today agreed to hear a Public interest litigation (PIL) seeking "immediate deportation" of businessman and main accused in the Punjab National Bank (PNB) scam Nirav Modi on February 23.
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No response from Nirav Modi on ED summons
Updated : 8 years ago IST
New Delhi [India], Feb 19 (ANI): The Enforcement Directorate (ED) has received no response from Nirav Modi or the other accused so far in the Punjab National Bank (PNB) scam case, sources have revealed.
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PNB scam: CVC asks PNB, Fin Min for report
Updated : 8 years ago IST
New Delhi [India], Feb 19 (ANI): The Central Vigilance Commission (CVC) on Monday asked the Punjab National Bank (PNB) and Ministry of Finance officials to submit a report on how the scam took place, despite monetary regulations being in place.
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RBI denies giving instruction to PNB over Nirav Modi fraud
Updated : 8 years ago IST
New Delhi [India] Feb. 16 (ANI): The Reserve Bank of India (RBI) on Friday denied giving any instruction to the Punjab National Bank (PNB) over Nirav Modi fraud.
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RBI rolls out new stressed assets framework to tackle bad loan problem
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 13 (ANI): The Reserve Bank of India (RBI) scrapped numerous loan restructuring programmes, asking banks to immediately identify defaults and make disclosures every Friday to the RBI credit registry, starting from February 23.
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Eduvanz secures RBI approval to disburse loans for skill development
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 12 (ANI): Eduvanz Financing - a skill development loan provider, announced that it has been granted the non-banking financial company (NBFC) licence by the Reserve Bank of India (RBI) to start providing loans in the multi-billion skill development sector.
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RBI to link base rate with MCLR
Updated : 8 years, 1 month ago IST
New Delhi [India] February 8 (ANI): The Reserve Bank of India (RBI) on Thursday said that it will link the base rate with the Marginal Cost of Funds based Lending Rates (MCLR) from April 1 to ensure expeditious transmission of its policy rate to borrowers.
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Rates unchanged will avoid further panic in domestic markets
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 7 (ANI): Chief Economist HDFC Bank, Abheek Barua on Wednesday said the decision for the Reserve Bank of India (RBI) to keep the he repo rate and reverse repo rate unchanged at 6 percent and 5.75 percent respectively was done in view to avoid another bout of panic in th
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RBI grants payment extension to select MSMEs
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 7 (ANI): In a bid to relieve Micro, Small and Medium Enterprises (MSMEs) of payment-related woes, the Reserve Bank of India (RBI) on Wednesday announced that select companies would be provided additional time to repay loans.
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