RBI said it canceled the banking license of Karad Janata Sahakari Bank Ltd Bombay: The Reserve Bank of India said on Tuesday that it has canceled the license of Karad Janata Sahakari Bank Ltd in Maharashtra as it has no adequate capital and no profit prospects. More than 99 percent …
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The Center informed the Supreme Court on Tuesday that if it considered waiving interest on all loans and advances to all categories of borrowers during the six-month moratorium period announced by the RBI in light of COVID-19 pandemic, then the amount lost would be more than Rs 6 lakh crore. …
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India’s inflation-targeting central bank postponed the inevitable walk down the path of normalization even though retail inflation remains uncomfortably high. But you won’t be able to do it for long. The decision to leave not only the official rates, but also the stance this time was expected. But what has …
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Written by Udit Misra, edited by Explained Desk | New Delhi | Updated: December 7, 2020 8:24:48 am The Governor of the Reserve Bank of India, Shaktikanta Das, at the RBI office in New Delhi (Express Photo / Tashi Tobgyal / Archive) Dear readers, Exactly one year ago, Finance Minister …
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New Delhi: Optimism about the COVID-19 vaccine and hopes for further stimulus in the US may boost markets next week, and investors will continue to monitor global events and the situation around the coronavirus for further movement, analysts said. The benchmark Sensex index rose more than 2 percent last week …
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The Reserve Bank of India (RBI) left nothing to surprise today and investors have been comforted by a fairly firm policy stance. Monetary policy rates have remained intact, and even the stance has not changed in the face of various challenges that lie ahead. What Governor Shaktikanta Das did was …
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Amid social media outrage over SBI’s Yono (You Only Need One) app, which faces frequent outages, Reserve Bank of India Governor Shaktikanta Das said today that the central bank is reviewing the recent disruption of the SBI. “Banks and financial institutions need to invest more in their IT system,” said …
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In a bid to boost digital payments, the Reserve Bank on Friday announced a series of measures including raising the limit for contactless card transactions to Rs 5,000 and making the LBTR transaction facility available 24 hours a day. day from December 14. The RBI has also decided to license …
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The Reserve Bank of India had to ask HDFC Bank to suspend the launch of digital businesses or the issuance of new credit cards due to the “overwhelming presence” of the lender, Governor Shaktikanta Das said on Friday. “You see, we cannot put together hundreds of thousands of customers who …
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MUMBAI: Clients will soon be able to transfer funds via real-time gross settlement (RTGS) which will be available 24 hours a day in the coming days, Reserve Bank of India (RBI) Governor Shaktikanta said on Friday. You give. “The RTGS system will soon go 24/7 in the next few days …
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