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Bank Holidays August 2021: Banks to remain shut for up to 15 days in August; check full list here

List of Bank Holidays in August 2021, Bank Holidays in August 2021 in India: Bank in India will remain closed for up to 15 days next month in August 2021, including second and fourth Saturdays, and Sundays.

August 2021 Bank Holidays, Bank Holidays August 2021

In times of crisis, the Centre must support the states: Dr Y V Reddy

Former governor of the Reserve Bank of India, an accomplished civil servant and the author of several books Dr Y V Reddy shares his views on the Indian federal structure, its design, the changing landscape and the new compuls

RBI Former Reserve Bank of India Governor YV Reddy (Reuters)

RBI central board short of 9 non-official directors

Other two directors, Prasanna Kumar Mohanty and Dilip S Shanghvi, served on the central board till February 8, 2021, and March 10, 2021, respectively. Eminent agriculture economist Ashok Gulati and Teamlease co-founder Manish

How will RBI’s CBDC impact bank deposits, payments and private cryptocurrencies? 5 points

RBI CBDC Plan: Introduction of CBDC would possibly lead to a more robust, efficient, trusted, regulated and legal tender-based payments option.

rbi cbdc plan

Bank holiday on Eid al-Adha 2021: Banks in these cities will remain functional on Bakra Eid this Wednesday

Bank holiday Eid al-Adha 2021: Most of the banks in India will remain closed on 21 July 2021, on account of Bakra Eid.

Eid al-adha, Bakra Eid, bank holiday

RBI Guv Shaktikanta Das HIGHLIGHTS: Financial inclusion key to economic growth; to remain RBI’s priority

RBI Guv Shaktikanta Das HIGHLIGHTS: RBI Governor Shaktikanta Das has begun virtual address at Financial Inclusion Summit

Shaktikanta das, RBI

RBI order: Mastercard cannot onboard new customers from July 22. Will it impact Debit, Credit Card users?

The Reserve Bank of India has restricted Mastercard Asia/Pacific Pte. Ltd. (Mastercard) from onboarding new domestic customers onto its network from July 22nd 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 announced that all LIBOR settings would either cease to be provided by any administrator or would no lon

But they were quick to warn an abnormally high crude prices may force the RBI to adapt to normalisation process sooner than later.

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 up to 15 days in July 2021, including second and fourth Saturdays, and Sundays.

Bank Holidays 2021, Bank Holidays July 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 as well as exports of ITES and business process outsourcing (BPO).

RBI launches FY21 round of survey on computer software and ITES exports

RBI ने तीन सहकारी बैंकों पर लगाया जुर्माना, नियमों का पालन न करने पर कार्रवाई

RBI ने मोगावीरा कोऑपरेटिव बैंक, इंदापुर अर्बन कोऑपरेटिव बैंक और बारामती सहकारी बैंक को

RBI extends risk-based internal audit system to housing finance firms

In February this year, RBI had issued a circular mandating the RBIA framework for select non-banking financial companies (NBFCs) and urban co-operative banks by March 31, 2022.

RBI asks banks not to delete CCTV footage from 2016 demonetisation period

The move is aimed at helping enforcement agencies in their probe against illegal accumulation of new currency notes during the demonetisation period.

"This suggests that other factors, such as the passthrough from WPI (Wholesale Price Index) to CPI (Consumer Price Index) and demand-side pressures, are at play as well," it said.

UCO Bank again urges Reserve Bank of India to consider taking it out of PCA

The RBI had initiated PCA for the Kolkata-based lender in May 2017 in view of high non-performing assets and negative return on assets. In the last financial year, the bank posted a full-year net profit of Rs 167.04 crore as

Hopeful to come out of PCA framework very soon: UCO Bank MD

"I don’t foresee any hurdle and remain hopeful that we will get the regulators’ approval to come out of PCA," UCO bank managing director and CEO A K Goel told PTI when asked about the issue of the latest capital infusion

State-owned UCO Bank

RBI’s liquidity measures may aid in kick-starting investment cycle; no rush to roll back rate cuts

The RBI also announced new special liquidity worth Rs 160 billion to SIBDI for on-lending for MSMEs at the prevailing policy repo rate for a period of up to one year. This move is likely to aid in kick-starting the investment


RBI incentivises lenders to create Covid loan book for contact-intensive sectors

“In order to mitigate the adverse impact of the second wave of the pandemic on certain contact-intensive sectors, a separate liquidity window of Rs 15,000 crore is being opened till March 31, 2022, with tenors of up to thre

SS Mallikarjuna Rao, MD and CEO, Punjab National Bank, said: “The announcement of on tap-liquidity facility of Rs 15,000 crore will ensure credit flow to the contact-intensive sectors and MSMEs, including hotels, tourism, aviation, etc. which have been adversely impacted.”

RBI keeps interest rates unchanged, announces measures to support economy

Pranjul Bhandari, India chief economist, HSBC, observed that while India’s CPI inflation is under the 6% upper limit of RBI’s tolerance band, it has been higher that the 4% target for the last 19 months. Bhandari believes

Expectedly, the central bank retained its accommodative stance so as to keep bond yields in check and facilitate the government’s gigantic borrowing programme.

‘RBI’s Rs 16,000 crore special liquidity facility to Sidbi to help MFIs mitigate Covid-related challenges’

"Further, it will help the MFIs provide financing support to their customers and resume normalised disbursements once the lockdowns are gradually relaxed and economic activities start functioning in normal manner," Hebbar sai

Alok Misra, CEO of MFIN, the umbrella body of MFIs, expressed hope that small and medium MFIs will be “prominently” covered under on-lending and refinancing facilities by Sidbi as the industry is facing disruptions in collections due to the second wave of Covid-19.

Reserve Bank expands resolution framework 2.0 coverage to Rs 50 crore

With the ceiling now doubled, MSMEs with a ‘standard’ classification as of March 31, 2021, can approach the lenders to help ease the parameters of repayment.

The RBI on May 5 had allowed lenders to carry out a fresh round of restructuring of retail and MSME accounts.

RBI announces second round of G-SAP to keep yields in check

The first two auctions conducted by the RBI under the first G-SAP programme helped keep interest rates benign for 91-day T Bills, commercial papers and certificates of deposit. The market was keenly looking out for another ro

NPAs may remain within projections: RBI Governor Shaktikanta Das

“I think the figures (NPAs) are quite manageable, but I would not say anything beyond that because our teams are assessing the numbers and we will spell out details in the upcoming financial stability report (FSR) later thi

Government officials said the work was in full swing and the names of the eligible candidates would be formally declared soon.

RBI announces liquidity measures for sectors hit hard by COVID-19

To provide greater flexibility in raising short-term funds by Regional Rural Banks (RRBs), Das said, it has now been decided to permit these banks to issue Certificates of Deposit (CDs) to eligible investors.

RBI Governor says global trade rebounding; pitches for policy support for exports sector

Further, the governor said that India's exports in March, April and May this year have seen an upswing, which is evident of the sector's potential.

Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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