Community & General News

RBI Bans Loan Sanction and Disbursal from Four NBFCs

21 October 2024 at 08:42

RBI orders ban on loan sanction and disbursal by four NBFCs, citing regulatory violations. Learn more about the impact and details of the directive

Posted in Community & General | 6579 Views

RBI Keeps Repo Rate Unchanged at 6.50%, Shifts Stance to Neutral Amid Inflation Concerns

10 October 2024 at 09:15

Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Community & General | 294 Views

Shri M. Rajeshwar Rao re-appointed as RBI Deputy Governor

08 October 2024 at 08:57

The Central Government has re-appointed Shri M. Rajeshwar Rao as Deputy Governor, Reserve Bank of India for a period of one year with effect from October 09, 2024, or until further orders, whichever is earlier.

Posted in Community & General | 531 Views

RBI appoints Shri Aviral Jain as new Executive Director

08 October 2024 at 08:53

The Reserve Bank of India (RBI) has appointed Shri Aviral Jain as Executive Director (ED) with effect from October 01, 2024.

Posted in Community & General | 681 Views

RBI: 98% of Rs 2,000 Notes Returned Following Withdrawal Order

03 October 2024 at 09:01

The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023.

Posted in Community & General | 576 Views

Bengaluru Court Orders FIR Against FM Nirmala Sitharaman Over Electoral Bonds Allegations

28 September 2024 at 17:07

A court in Bengaluru has stirred controversy by directing to register an FIR against Union Finance Minister Smt. Nirmala Sitharaman on Friday, the 27th September.

Posted in Community & General | 4068 Views

DFS drives expansion of digital payments in India and abroad

21 September 2024 at 06:52

Digital payment transactions volume grew to 18,737 crore in FY 2023-24 from 2,071 crore in FY 2017-18 at Compounded Annual Growth Rate (CAGR) of 44%; with value of transactions at ₹3,659 lakh crore in FY23-24 from ₹1,962 lakh crore in FY17-18 at CAGR

Posted in Community & General | 438 Views

Banking Liquidity Set to Decline Amid Advance Tax and GST Outflows This Week

17 September 2024 at 09:11

The banking system, after enjoying a liquidity surplus for over two months, is expected to move into deficit this week due to advance tax payments and GST outflows, according to market experts. As of Thursday, the liquidity surplus stood at Rs 1.96 t

Posted in Community & General | 510 Views

Banking Laws Bill 2024: Tenure of Cooperative Banks' Directors Extended to 10 Years

12 August 2024 at 09:01

The Banking Laws (Amendment) Bill, 2024, recently tabled by Finance Minister Nirmala Sitharaman in Parliament, aims to bring significant changes to the banking sector.

Posted in Community & General | 2241 Views

RBI Keeps Repo Rate Unchanged At 6.5% for 9th time in a Row

08 August 2024 at 16:30

On the basis of an assessment of the current and evolving macroeconomic situation, the MPC at its meeting today (August 8, 2024) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Community & General | 354 Views