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Oct 29, 2020 03:35 PM IST The central bank has been tightening monitoring and scrutiny of non-banking firms over the years.
Oct 28, 2020 10:21 PM IST The RBI imposed a penalty of Rs 22 lakh on DCB Bank for non-compliance with certain provisions on marketing/distribution of mutual fund/insurance etc, and a penalty of ₹1 crpre on Jio Payments Bank over re-appointment of MD & CEO
Oct 28, 2020 10:31 AM IST RBI has prohibited Paytm, Google Pay and other payment firms from using proprietary QR codes. With interoperable QR codes, you can now use one QR code to make payments across merchants
Oct 27, 2020 11:10 AM IST The Ministry of Finance had released the guidelines of the interest on interest waiver scheme on October 24.
Oct 26, 2020 03:15 PM IST Though the LTC and festival advance schemes will result in a temporary boost to consumer sentiment and economic activity, this would only end up upfronting consumption, and the temporary uptick would subsequently fizzle out, Aditi Nayar told Moneycontrol in an interview.
Oct 26, 2020 10:53 AM IST Deposits of up to Rs 5 lakh with any small finance and small private sector banks are as safe as having deposits with any of the large private sector banks and PSBs
Oct 25, 2020 07:57 PM IST Since investors have submitted poor bids, lenders are set to lose whopping Rs 68,000 crore against the total liabilities of Rs 95,000 crore, according to sources.
Oct 24, 2020 11:03 PM IST Although the government has finally announced its scheme on waiving interest on interest on moratorium loans, the relief to small borrowers is minimal. You will still need to pay your principal and original interest.
Oct 24, 2020 01:51 PM IST The government has released guidelines to implement the interest on interest waiver scheme. Here are all the details on what exactly the compound interest waiver scheme involves, who will benefit, eligibility criteria to avail the interest waiver scheme and other important details.
Oct 23, 2020 06:29 PM IST The reconstituted MPC, which met from October 7 to 9, had decided to keep the benchmark lending rates unchanged in view of the hardening of retail inflation.
Oct 23, 2020 06:17 PM IST The meeting, which was held through video conferencing, also deliberated on the issues concerning financial stability in the present context.
Oct 23, 2020 05:27 PM IST It has also barred Payment System Operators (PSOs) from launching any new proprietary QR code for payment transactions.
Oct 23, 2020 04:25 PM IST There is a strong signal in the MPC minutes that growth revival may take much longer than expected and MPC’s main focus will be growth revival, rather than inflation targeting
Oct 22, 2020 08:11 PM IST HFCs cannot impose foreclosure charges/ pre-payment penalties on any floating rate term loan sanctioned for purposes other than business to individual borrowers, the RBI has said.
Oct 22, 2020 06:23 PM IST He believes that India has followed the fiscal expansion path to deal with COVID-19-related challenges.
Oct 22, 2020 11:29 AM IST The responsibilities of RBI’s four deputy governors need to be defined and given proper titles and job roles. This will ensure that specialists are chosen for these roles, and will signal to the government that appointments need to be made in time as departments cannot be transferred that easily
Oct 22, 2020 09:39 AM IST Based on the value of the transaction, the speed of transfer and other factors, you should decide the mode of transfer
Oct 19, 2020 02:04 PM IST Presently, microlenders can charge only upto 2.75 times of the base rate of five large commercial banks. But they borrow at 16-18 percent from NBFCs. This puts pressure on their margins.
Oct 16, 2020 02:08 PM IST The market regulator wants currency trading timing extended to curb the outflow of foreign exchange to the Dubai and Singapore markets.
Oct 16, 2020 12:25 PM IST On October 9, the RBI had said that to improve liquidity and facilitate efficient pricing, it has been decided to conduct OMOs in SDLs as a special case during the current financial year
Oct 15, 2020 08:19 PM IST The move will ensure that projects are evaluated individually before being declared NPAs; buyers no longer will have to wait for an indefinite period for their homes and developers will get greater payment flexibility.
Oct 15, 2020 12:40 PM IST Certainty on interest rate path by RBI and clarity that the government will not risk more borrowing than committed are immensely helpful
Oct 14, 2020 07:23 PM IST While industrial credit contracted by 0.6 percent, and its share in overall credit declined to 30.8 per cent from 32.8 per cent a year ago, credit to household sector increased by 9 percent and its share in the total credit rose to 50.2 per cent from 48.7 per cent a year ago
Oct 14, 2020 06:15 PM IST The had announced a moratorium on repayment of term deposits for 3 months citing COVID-19 pandemic in March. Later it was extended till August 31 to give borrowers more time to clear payments of EMIs, without being classified as NPAs.
Oct 14, 2020 05:44 PM IST The pertinent question that one needs to ask is: Is credit growth declining due to a lagged effect of a weakened demand being faced by corporates?
