RBI scheme for individuals to invest in govt securities: Retail Direct Gilt Account No fee will be charged for opening and maintaining ‘Retail Direct Gilt account’ with the RBI. However, fee for payment… 4 years ago
Sovereign Gold Bond Scheme 2021-22 – Series IV: Issue price fixed at Rs 4,807/gm; subscription opens Monday The government, in consultation with the RBI, also provides a discount of Rs 50 per gram to those investors applying… 4 years ago
Good news! Bank employees working in sensitive positions to get surprise leaves of at least 10 days In a communication to lenders, including rural development banks and cooperative banks, the RBI asked them to put in place… 4 years agoJuly 9, 2021
RBI asks banks to shift from LIBOR to alternative reference rates by December 31 The Reserve Bank’s directive follows a decision of the Financial Conduct Authority (FCA), UK which on March 5, 2021, had… 4 years ago
Reserve Bank Governor Shaktikanta Das says Covid-19 stress less than expected; flags rising cyber-attacks as risk In a first, Das flagged the rising data breaches and cyber attacks as a risk facing the economy, along with… 4 years agoJuly 1, 2021
Bank Holidays July 2021: Banks to remain shut for up to 15 days this month; check full list here List of Bank Holidays in July 2021, Bank Holidays July 2021 in India: Banks in India will remain closed for… 4 years agoJuly 1, 2021
Central banks continue to term inflation as transitory, but its threat to recovery could be real Deep dive into major components of inflation- food, fuel and core- each reveal idiosyncratic factors that will potentially be longer… 4 years ago
Unfettering Microfinance: Recent RBI Consultative Document frees MFIs from shackles imposed by 2011 regulations The recent Consultative Document by RBI literally frees MFIs from the shackles imposed by the 2011 regulations and gives them… 4 years agoJune 25, 2021
HDFC Bank CEO Sashidhar Jagdishan identifies 5 key businesses for future growth During FY21, the net profit of the bank increased by 18.5% year-on-year (y-o-y) to Rs 31,116.5 crore and balance sheet… 4 years agoJune 24, 2021
RBI issues norms for dividend distribution by NBFCs The guidelines also prescribe ceilings on dividend payout ratios for NBFCs. The maximum dividend payout ratio could be 60% for… 4 years agoJune 24, 2021
RBI launches FY21 round of survey on computer software and ITES exports The RBI has been conducting this annual survey since 2002-03. It collects data on various aspects of computer services exports… 4 years ago
RBI’s accommodative stance has been justified With inflation likely to stay elevated as the economy revives, RBI must ready itself to normalise monetary policy 4 years agoJune 24, 2021
Karnataka Bank declares loan over Rs 160 crore to Reliance Home Finance, Reliance Commercial Finance as fraud The lender said it has been dealing with Reliance Home Finance since 2015 and with Reliance Commercial Finance since 2014. 4 years agoJune 19, 2021
Fiscal policy needs to address triple whammy of inflation, low growth, threat of capital outflows With both stagflation and the trilemma rearing their ugly heads at the same time it is difficult to see what… 4 years ago
Awaiting RBI directions on lifting curbs: HDFC Bank The bank continued to face glitches even after RBI was conducting audit of the bank’s IT infrastructure. Earlier this week,… 4 years agoJune 18, 2021
Small Finance Banks receive fresh credit requests from MFIs after RBI’s PSL classification After getting the proposals from MFIs, SFBs have started the process of offering fresh credit facilities under priority sector lending… 4 years agoJune 17, 2021
On freeing up micro-finance industry space, caution must match intent The income ceiling for for defining MFI loans, the proposal to free NBFC MFIs from the current cap on spread,… 4 years agoJune 17, 2021
India can achieve 10% growth rate in FY22 if govt provides stimulus to combat COVID-19 pandemic If the Government undertakes the effective steps and provides a substantial stimulus to combat the impact of coronavirus, a double-digit… 4 years ago
RBI Monetary Policy Meeting Highlights: RBI MPC decides to keep repo rate unchanged at 6.50%, maintains ‘withdrawal of accommodation’ stance
RBI MPC Meet Day 2: RBI likely to keep repo rate unchanged at 6.50%; economists say GDP estimate may be revised up
