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Banks need to respond to the ferocity of impending competitive headwinds from NBFCs, including fintech companies

Keeping inflation at the epicentre of monetary policy is an assurance that it will not be allowed to go awry

Reserve Bank of India (RBI) has kept the key repo rate unchanged at 4 per cent to support growth in the current situation.

Reserve Bank of India on Wednesday expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat.

The central bank kept the benchmark repurchase rate unchanged at 4 per cent and maintained accommodative policy stance to support growth.

RBI had directed all banks including RRBs, NBFCs, and payment gateways to comply with AFA for automatic recurring payment by March 31, 2021.

The average base rate charged during the current quarter is 7.96 per cent.

Instead of selling off public sector assets, government should choose expansionary fiscal policy partially financed by monetisation for reviving demand

Both RBI and government are committed to financial stability. We have flagged certain concerns around cryptocurrencies which are being traded in the market. We have flagged certain major concerns to the government

Sreeja recently won a bronze in the senior Nationals where she lost in the semifinals. She has consistently been performing well in the last few tournaments.

The very purpose of nationalisation in India — serving the unbanked and under-banked — is yet to be achieved and financial inclusion cannot afford the luxury of complete privatisation

The applicant should not be below the rank of a Chief General Manager of the Reserve Bank of India or equivalent thereto in other financial institutions or regulatory bodies, it said.

Amid the pandemic, the credit offtake in banking system remained muted, which led to lesser issuances of certificates of deposits (CDs).

The issue price of the Bond during the subscription period shall be Rs 4,662 per gram.

The country adopted the FIT framework in 2016, and the next review of the inflation target is due before March 31, 2021

Shah also mentioned that the council along with the government is engaging with stakeholders like Postal services

The 22-year-old paddler is elated at the maiden national medal.

The issuance would however be subject to the approval of regulatory or statutory authorities including the Reserve Bank of India

Speaking on the occasion, Shankaram informed that Khammam district was selected on a pilot project basis to achieve 100 digitalisation of banking services

This is because the Reserve Bank of India (RBI) has made it mandatory that every bank should accept soiled, mutilated and any damaged currency note without charging any fee