"reserve-bank-of-india"

To help banks tide over the disruption caused by COVID-19, the CRR of all banks was reduced by 100 basis points to 3.0 per cent of net demand and time liabilities (NDTL)

Concerns have been raised about the law, which seeks to "protect and relieve" economically vulnerable groups from usurious interest rates and coercive recovery means

RBI Governor Shaktikanta Das said the growth outlook has improved significantly and the vaccination drive will help the economic rebound.

The six-member MPC headed by RBI Governor Shaktikanta Das has started its deliberations.

The development follows recent outage in the bank's internet banking and payment system on November 21, 2020 due to a power failure in the primary data centre.  

While one can take comfort in IMF’s praise for India’s “very decisive” steps to deal with the pandemic, several challenges need to be overcome

Pension scheme for cooperative bank staff, assures NAFSCOB chief

The Governor made the comments while delivering the 39th Nani Palkhivala Memorial Lecture on Saturday.

There have been reports about individuals/small businesses falling prey to the growing number of unauthorised digital lending platforms/Mobile Apps

As these are non-interest bearing and issued at par to a bank, it would be an investment, without any return

In the midst of all the gloom, robust agriculture and an expected revival in industrial sector offer hope

Now, they all are available round-the-clock with RTGS getting offered 24/7 in the second week of December.

The issue price of the bond in the scheme which opens on December 28 is Rs 5,000 per gram.

The bulletin cited the pandemic-imposed retrenchment of Q1FY21 turned out to be much shallower in Q2 and the economy is reflating at a pace that beats most predictions.

The monthly bulletin of the central bank for December said the more evidence has emerged since the last bulletin which shows that the Indian economy is coming out of the Covid-induced slowdown.

The Startup India action plan provides tax and other incentives. So far, over 41,000 startups have been recognised by the department. 

Citing reports on individuals and small businesses falling prey to the growing number of unauthorized digital lending platforms and mobile apps on promises of getting loans in a quick and hassle-free manner

This is because the move will help them in strengthening their balance sheet by improving their leverage ratios and creating a buffer or reserve and surplus for fresh lending.

App-based loans have already claimed six lives who succumbed to the aggressive recovery tactics by lenders

They lend money for short term and collect huge interest from borrowers, which is sometimes 23 per cent of the loan amount