Tag Archives: RBI

Maintaining the status quo for the third time in a row, the Reserve Bank of India decided on Friday to keep the benchmark interest rate unchanged at 4%, but maintained an accommodative stance, implying further rate cuts to come. if the need arises to support the economy hit by the …

Mumbai: The Governor of the Reserve Bank of India, Shaktikanta Das, will announce the policy decision of the monetary policy committee on Friday at 10 am, followed by a press conference at 12 noon. Here are the 5 things to keep in mind. Qualify action: The MPC is likely to …

HDFC bank revealed that the current supervisory action will not have a material impact on the bank’s operations. After frequent technical disruptions that plagued HDFC Bank’s online services, the Reserve Bank of India (RBI) ordered all new digital launches and the supply of new credit cards to be halted temporarily. …

India’s central bank is likely to keep interest rates unchanged for the third meeting in a row as inflation remains stubbornly high and signs appear that growth begins to return to Asia’s third-largest economy. The six-member Monetary Policy Committee is forecast to keep the benchmark repurchase rate at 4% on …

In a rare act of tough love, the banking regulator has detained India’s most valuable lender for repeated disruptions to its digital services. HDFC Bank is unable to accept new credit card customers and will have to stop its planned digital launches until the issue is resolved. Read also: Inside …

The Reserve Bank of India (RBI), which heavily affects the country’s largest private sector lender, HDFC Bank, has advised the bank to temporarily halt all its digital launches and new sources of credit. credit card customers. In an exchange notice, HDFC Bank said, RBI recommended that it temporarily halt all …

HDFC Bank to stop digital activities The Reserve Bank of India (RBI) has banned HDFC Bank from adding new credit card customers or launching digital businesses after its digital payment services were hit by technical outages last month. In an order dated December 2, 2020, the central bank also took …

Private sector lender HDFC Bank said on Thursday that the Reserve Bank of India (RBI) has asked it to temporarily halt all launches of its upcoming digital business generation activities and recruiting new credit card customers. following an outage in its data center that affected operations last month. “The RBI …

Private sector lender HDFC Bank said on Thursday that the Reserve Bank of India (RBI) has asked it to temporarily halt all launches of its upcoming digital business generation activities and recruiting new credit card customers. following an outage in its data center that affected operations last month. “The RBI …

MUMBAI: In a major blow to HDFC Bank, the Reserve Bank of India (RBI) has asked the private sector lender to temporarily halt all launches of its digital business generation activities under the “Digital 2.0” program along with hiring new credit card customers. The regulator, HDFC Bank said in a …