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RBI Governor Raises ‘Major Concerns' About Cryptocurrencies
The Reserve Bank of India (RBI) is worried that cryptocurrencies in Asia's third-largest economy may have an impact on financial stability. RBI Governor Shaktikanta Das said in an interview with CNBC TV-18 that these big issues have been expressed to the ...
Karnataka Bank Reports Fraud to RBI; Shares Dip
Karnataka Bank on Friday said that it has reported to RBI a fraud in the credit facilities extended earlier to IL & FS Transportation Networks with an outstanding balance of Rs 34.16 crore. Shares of Karnataka Bank were trading down by ...
Karnataka Bank Reports Fraud To Rbi Shares Dip
RBI Caps Withdrawal From Deccan Urban Cooperative Bank
On Friday, the Karnataka-Based Deccan Urban Cooperative Bank has been barred by the RBI to grant loans or accept deposits. At the same time, the restriction has been placed with respect to withdrawals which cannot be more than Rs. 1000 from ...
Latest RBI Guidelines for Housing Finance Companies
The Reserve Bank of India (RBI) on Wednesday came out with a new of directions related to Housing Finance Companies with an aim to discourage the actions of any HFCs in a way that is detrimental to the interests of investors ...
Latest Rbi Guidelines For Housing Finance Companies
Indians can Now Make Remittances to IFSCs Under LRS
The Reserve Bank allowed resident individuals to make remittances to International Financial Services Centres (IFSCs) in the country under the Liberalised Remittance Scheme (LRS). The RBI decision is targeted at enhancing the financial markets of the IFSCs and providing resident individuals ...
RBI Announces Expert Committee On Primary (Urban) Co-operative Banks
On Monday, the Reserve Bank of India (RBI) announced names of members that would constitute an Expert Committee on Primary (Urban) Co-operative Banks. As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement ...
Rbi Announces Expert Committee On Primary Urban Co Operative Banks
RBI Tightens Investment Rules in NBFCs from Non-FATF Nations
The Reserve Bank of India on Friday placed restrictions on fresh investments in non-banking finance companies from countries red-flagged by the Financial Action Task Force. "Investments in non-banking financial companies (NBFCs) from FATF non-compliant jurisdictions shall not be treated at par ...
RBI Pushes Centre To Slash Taxes On Petrol, Diesel
Fuel prices have been hitting new highs in major cities across India and even today after a 30 paise hike price of petro per litre surged to Rs. 86.95 in New Delhi and diesel is retailing for Rs. 77.13. In its ...
RBI Projects GDP Growth At 10.5% For FY 2021-22
On Friday, addressing the press after the Monetary Policy Committee meeting, RBI governor Shaktikanta Das said that the central bank has projected GDP (gross domestic product) at 10.5% for the financial year 2021-22 adding that "outlook on growth has turned positive; ...
Rbi Projects Gdp Growth At 10 5 For Fy 2021
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