Reserve Bank of India
SBI hikes MCLR for second time in a month, EMIs set to go up; check latest rates
Thu, Jul 14, 2022
State Bank of India, the country's largest lender, has raised its marginal cost of funds based lending rate (MCLR) across all tenures. The decision to hike MCLR will lead to an increase in EMIs for borrowers.
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Indian economy to grow 7.1-7.6%, reign as world's fastest-growing economy: Report
Wed, Jul 13, 2022
In its India's economic outlook - July 2022 report, leading consultancy Deloitte India said that as 2021 was coming to a close, there was optimism in the air but the optimism received a jolt early this year as a wave of Omicron infections swept through the country and Russia's invasion of Ukraine happened in February.
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RBI imposes restrictions on New Delhi-based Ramgarhia Co-op Bank
Fri, Jul 08, 2022
The RBI on Friday imposed several restrictions on New Delhi-based Ramgarhia Co-operative Bank, including a cap of Rs 50,000 on withdrawal per depositor, in view of the lender's deteriorating financial condition
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DEA Secretary Ajay Seth says RBI's well thought thorough measures keeping economy in good shape; says will impact foreign flows positively
Thu, Jul 07, 2022
Department of Economic affairs secretary Ajay Seth on Thursday said that a well thought thorough measures taken by the Reserve Bank of India (RBI) are helping keep economic affairs in check. See Zee Business Live TV Streaming Below:
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Big tech firms offering financial services pose risk to financial stability: RBI
Fri, Jul 01, 2022
Big tech companies offering financial services pose risk to financial stability as their complex intertwined operational linkages with financial institutions could lead to contagion effect and potential anti-competitive behaviour, the RBI has said.
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Fintech's halt PPI loan, buy now pay later services as RBI restrictions posing challenges
Fri, Jun 24, 2022
Reserve Bank of India’s (RBI) restrictions on fintech companies providing credit through prepaid instruments is having an impact on their businesses. Several companies have halted transactions on their platforms for the customers. Zee Business’ Anurag Shah brings this report
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RBI extends implementation of card tokenisation norms by 3 months; deadline extended till 30 September
Fri, Jun 24, 2022
RBI on Friday announced extension of its tokenisation norms from an earlier June 30, 2022 deadline by three more months to September 30, 2022. The step was taken after consultation with the stakeholders and to avoid disruption and inconvenience to cardholders
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RBI's card tokenisation system to be applicable from July 1, 2022. Know all about RBI's new rule for credit and debit card transactions
Wed, Jun 22, 2022
Reserve Bank of India's new card tokenisation system is all set to be applicable from July 1, 2022. Card Tokenisation System will be applicable on credit and debit cards both. This new system is going to change the way online transactions happen in India. Here is all you need to know.
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fixed deposit rate increased by many commercial banks after reserve bank of india increase repo rate
Wed, Jun 15, 2022
many commercial bank increased fixed deposit rate for their customers after reserve bank of india increase repo rate recently. in this video here you know how much increase their fd rates
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RBI MPC: No material impact on housing sector, despite repo rate hike as affordability still high: Experts
Thu, Jun 09, 2022
RBI MPC: While the RBI has increased the repo rate by 50 bps to 4.9% that will make home loans dearer, the move may not have a material impact on the real estate sector, experts opined. The reason behind this optimism is the affordability factor which still remains high, they say
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RBI MPC: Central Bank doubles individual housing loan cap for cooperative lenders; allows rural cooperative to lend for residential housing projects
Wed, Jun 08, 2022
Reserve Bank on Wednesday doubled the maximum loan amount that a cooperative bank can lend to an individual to up to Rs 1.40 crore in view of the surge in housing prices
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RBI imposes Rs 49 lakh penalty on Bassein Catholic Co-op Bank, Vasai
Mon, Jun 06, 2022
According to the statement, in non-compliance with IRAC norms, the bank in certain instances had upgraded/regularised loan accounts of borrowers without recovering overdue amounts and had not classified existing non-performing loan accounts of borrowers as NPAs on restructuring
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