The advisory was sent by the banking regulator after certain large gold loan-providing NBFCs had reached out to the RBI for clarity on cash disbursals. It was sent by the RBI's Department of ...
New Delhi, May 9 (PTI) The Reserve Bank has asked NBFC firms not to disburse cash component in excess of Rs 20,000 on loans against gold in line with the Income Tax laws. In an advisory issued to ...
"This will comprise Rs 25,000 crore to Nabard for refinancing regional rural banks (RRBs), cooperative banks and micro finance institutions (MFIs); Rs 15,000 crore to Sidbi for on-lending ...
“We believe that the list of financial penalties, and even of business embargos, is likely to scale up and should thus keep regulated entities/fintechs on edge,” the brokerage said. The RBI's recent ...
Most banking stocks, on Friday, traded higher ahead of the Reserve Bank of India's (RBI) decision on the incremental cash reserve ratio (ICRR). The Nifty PSU Bank index is trading 0.15 percent higher, ...
In a conversation with Udayan Mukherjee, Global Business Editor, BT TV, Shaktikanta Das said, “We have to be very resilient and focus like Arjuna's eye has to be maintained on core inflation.” ...
The Reserve Bank of India's (RBI) decision to declare its highest-ever dividend of Rs 2.11 lakh crore evoked mixed reactions from economists. While noted economist Suman Mukherjee hailed it as a sign ...
YES Bank incurred a penalty of ₹91 lakh for failing to adhere to RBI's directives on 'customer service in banks' and the 'unauthorised operation of internal/office accounts.' The RBI's findings ...
The RBI's payout to the government is for the accounting year 2022-23. The board decided to transfer the central bank's surplus funds as a payout to the government at its 602nd meeting, held on the ...
(Bloomberg) -- Bond traders in India are bracing for higher Treasury bill yields at an auction on Wednesday after the Reserve Bank of India took its first step toward paring back on some of its ...
Foreign delegates experienced instantaneous payment systems like UPI and e-Rupee first hand at the RBI pavilion at the G20 Summit, New Delhi 'Operating in 45 cities': Zomato rolls out free weather ...