An important meeting of the Reserve Bank of India is to be held next week amid the impact of inflation in the country. Many important issues are to be discussed and decided in the meeting of the Monetary Policy Committee. People knowledgeable in the matter say that in the meeting, the RBI can decide to …
Like other central banks around the world, RBI is raising interest rates to control inflation. The central bank may increase the repo rate by 0.50 per cent in the Monetary Policy Committee (MPC) meeting to be held in June. This will make different types of loans like home-auto loans more expensive. < p style=”text-align: left”>British …
RBI has recently released a comic book namely “Raju & The Forty Thieves” to give message to people that don’t become victim of fraud. RBI has exposed modus operandi of financial fraudsters in this book. Raju is the character of these stories. One who comes easily to talk. Because of this he often has to …
Don’t Act Like Raju And Don’t Become Victim Of Fraud: RBI Read More »
The Reserve Bank of India may increase the repo rate by half a percent in the coming two monetary policy reviews. It may increase by 25 basis points in June and 25 basis points in August. The effort of the central bank is to reduce the rate of inflation, due to which it will have …
The two-day monetary policy review meeting of the Reserve Bank of India (RBI) has started from Wednesday. This meeting is headed by the central bank governor Shaktikanta and its results will be announced on April 8. If experts are to be believed, this time also the Reserve Bank can keep the policy interest rates unchanged. …
RBI MoneTary Policy: Monetary Policy Review Meeting Began On 6th April Read More »
The Reserve Bank of India has taken action against three co-operative banks for non-compliance with the rules. The banks which have been penalized include Phaltan-based Yashwant Co-Operative Bank Ltd., Kokan Mercantile Co-operative Bank Ltd., Samta Co-operative Development Bank Ltd. According to the statement, RBI has taken action against these banks for non-compliance. It was informed …
The Reserve Bank of India (RBI) on Friday released the format for geo-tagging of payment system touch points to co-monitor the availability of payment accepting infrastructure. According to the news of PTI, Geo-tagging refers to marking the geographical location (latitude and longitude) of the payment touch point on the part of the shopkeeper to receive …
RBI Released Format Of Geo Tagging Of PoS Machines Read More »
Reserve Bank of India Governor Shaktikanta Das on Monday said the country’s economy is in a better shape despite the challenges posed by the Russia-Ukraine war and the RBI will ensure sufficient liquidity to support the economy. He said that the challenges that remain for the world at this point of time are the rise …
Economy is in Better Shape, We Are Ready To Deal With Any Challenge: RBI Governor Read More »
The government clarified on Tuesday that it has no plans to introduce a cryptocurrency regulated by the RBI. Minister of State for Finance Pankaj Choudhary expressed the government’s opinion in a written reply to a question on cryptocurrencies in the Rajya Sabha. He said that currently cryptocurrencies are completely unregulated in the country and RBI …
No Plan To Start Regulated Cryptocurrency: Government Read More »
The Reserve Bank of India (RBI) on Monday said that micro-finance lending institutions cannot charge more interest from customers. A micro-finance loan refers to a guarantee-free loan given to a family with an annual income of up to Rs 3 lakh. Along with this, these lenders have also been asked by the RBI to fix …
Breaking: Micro Finance Lenders Cannot Charge More Interest From Customers- RBI Read More »
The Reserve Bank of India has lifted all restrictions on private sector HDFC Bank’s Digital 2.0. Information in this regard has been provided by the bank to the stock exchange. It has been said by the bank that after the lifting of the ban, it can resume all types of digital initiatives. HDFC Bank on …
Big Relief: RBI Lifted Restrictions On HDFC Bank. Know Details Here Read More »
The days of Paytm, a leading digital payment service provider in the country, are not going well. Since its listing in the stock market, the process of breaking its shares continues, due to which the investors are suffering huge losses. On the other hand, the Reserve Bank of India has given another big blow to …
The Reserve Bank of India (RBI) on Tuesday gave a big gift to the exporters. The central bank extended the Interest Equalization Scheme for pre and post shipment rupee credit for MSME exporters till March 2024 with an aim to boost outbound shipments. Explain that exporters get subsidy under this. Earlier last year in April 2021, this scheme …
In a booklet published titled ‘Beware – A Booklet on Modus Operandi of Financial Fraud’, RBI said fraudsters are using innovative methods to defraud people unaware of the techno financial ecosystem and embezzle their hard-earned money. The booklet provides information on modus operandi of fraudsters, precaution against fraudulent transactions and digital hygiene. Based on a …
RBI Alerts Bank Customers On This Serious Matter Read More »
Public sector Punjab National Bank (PNB) will settle cheques of valued Rs 10 lakh or more from April 4 onwards only after re-verification from the issuer. According to the news of PTI, PNB on Tuesday said that this step has been taken to protect bank customers from the possibility of fraud in case of large …
Attention PNB Customers: A New Way To Protect Against Fraud Read More »
The opportunity to buy gold at cheap rates has opened from today. If you also want to buy gold at cheap rates, then you can invest money in Sovereign Gold Bonds. From today i.e. February 28, investment in sovereign gold bonds is open and money can be invested here till March 4. Sovereign Gold Bond …
Sovereign Gold Bond: Opportunity To Buy Cheap Gold. Know Who Will Get Discount Read More »
Reserve Bank of India (RBI) has not made any changes in its recently released monetary policy repo rate and reverse repo rate. Repo rate has been retained at 4 per cent and reverse repo rate at 3.35 percent. With no increase in policy rates, it is clear that there is little hope of increasing interest …
Car Loan Calculator: How Much EMI Will Have To Be Paid For Car Loan Of Rs 10 Lakh Read More »
Reserve Bank of India (RBI) Governor Shaktikanta Das spoke on Monday regarding government green bonds. He said that the decision regarding the government green bonds announced in the budget will be taken next month. According to news agency PTI, Union Finance Minister Nirmala Sitharaman had said in her budget speech that the government would issue …
RBI Governor’s Statement On Issuance Of Green Bonds Read More »
Various cryptocurrencies are currently in a gray area. Buying and selling crypto currency is not illegal. We have now designed the taxation framework to treat crypto assets for taxation like earnings from horse racing, gambling and other speculative transactions. According to Finance Secretary TV Somanathan, “The government is working towards enacting a law to regulate …
Finance Minister Smt. Nirmala Sitharaman has announced in the budget speech that the government will issue digital currency. This will be helpful in boosting up the economy. She said that the government will take this step using blockchain and other technologies. Digital Rupee will be issued by the Reserve Bank of India from the financial …
RBI Press Release (Vide Press Release ID: 2021-2022/1616) The Government of India has today (25th January 2022) sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd. (PMC Bank) with Unity Small Finance Bank Ltd. (USFBL). The amalgamation will come into force with effect from the date of the …
Breaking: Government Notifies Amalgamation Of PMC Bank And Unity Small Finance Bank Read More »
Notification in F. No. P-12011/11/2021-ES Cell-DOR, Dated 4th January 2022 Ministry of Finance, Department of Revenue The notification reads as under: In exercise of the powers conferred by sub section (1) of section 11A of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government on being satisfied that the reporting entity namely, …
The Central Board, the apex policy-making body of the Reserve Bank of India (RBI), on Friday discussed all aspects related to central bank digital currency (CBDC) and private cryptocurrencies. The government is preparing to bring a law for the regulation of cryptocurrencies. The Cryptocurrency and Official Digital Currency Regulation Bill 2021 is planned to be introduced in …
RBI Central Board Discussion On Cryptocurrency And CBDC Read More »
HDFC Bank has issued an alert for its customers. If you are also a HDFC Bank customer, then there is an important update for you. Giving information to the customers, the bank said, ‘The description of your HDFC Bank card entered on the merchant website/ app will be deleted. RBI had given orders regarding this, …
HDFC Bank Alert: These Rules Related To Card Will Change On 1st January 2022 Read More »
At present, many cases of cyber fraud have been seen in the country, where many people have become victims of fraud. Actually, there are many such apps, through which fraudsters are cheating people online. According to the report, more than 600 loan giving fake apps (illegal lending apps) are running in the country and these …
Alert: More Than 600 Fake Apps Are Giving You Loans. Delete Them Immediately Read More »
What is the impact of new RBI guidelines on my current Standing instruction (SI) set up on my cards? We may have allowed merchants to auto-charge our Credit Card / Debit Card on a recurring basis for services such as Netflix, Postpaid mobile, Insurance payments, etc. These recurring payments will not get through for merchants …
Important Information From IndusInd Bank: New RBI Guidelines On Recurring Payments Read More »
The Reserve Bank of India (RBI) in exercise of the powers vested under section 45MAA of the Reserve Bank of India Act, 1934, has, by an order dated September 23, 2021, debarred M/s Haribhakti & Co. LLP, Chartered Accountants (ICAI Firm Registration No. 103523W / W100048), from undertaking any type of audit assignment/s in any …
The Reserve Bank of India (RBI) on Friday in a review of rules on unclaimed deposit with banks said, customers can still earn interest rates after Term Deposit (TD) matures and proceeds are unpaid. Until now, unclaimed deposits attracted the rate of interest applicable to savings deposits in case a term deposit matured and the …
RBI Tweaks Rule: Now Get Interest Even after Fixed Deposit (FD) Matures; Details Inside Read More »
During Quarter 4 of FY21, the Central Government issued dated securities worth Rs 3,20,349 crore as against Rs 76,000 crore in Q4 of FY20, while repayments were at Rs 29,145 crore. The weighted average yield of primary issuances increased to 5.80 per cent in Q4 FY21 from 5.68 percent in Q3 of FY21. The weighted …
Public Debt Management report for the quarter of January March 2021released Read More »