Central banks of Serbia, China sign MoU to facilitate yuan transactions trade financial services investment PBOC National Bank of Serbia time: 2023-12-13 07:20:22 views: 35812 Shanghai adds new rules for international financial arbitration, and sports development ...
Dinesh Unnikrishnan
1. According to RBI's data on 'Sectoral Deployment of Bank Credit', credit outstanding to the housing sector increased by about ₹10 lakh crore in the previous two fiscals. Credit outstanding to the housing sector reached a record ₹27.23 lakh crore in March 2024, according to RBI's da...
Information Technology(MeitY) comprise three of the key financial industry regulators overseeing banks, insurance organizations, and market infrastructure institutions. Their directives include outsourcing and risk management guidelines and require...
RBI notifies banks on interest equalisation scheme for rupee export credit RBI MPC likely to maintain status quo, all eyes on repo rate IANS February 23, 202412:08 am Mumbai, Feb 22:The Reserve Bank of India (RBI) on Thursday issued a notification to all the banks, stating that...
“The retail eRupee pilot began in December 2022 and there has been very little public announcement with respect to it. RBI Deputy Governor Rabi Sarkar reportedly spoke about it in a closed-door IBA meeting – and in June 2023, banks were asked to expand the scope of the pilot and leading...
The top 50 lenders in the Asia-Pacific region by assets, as ranked by S&P Global Market Intelligence, were dominated by mainland banks from China in 2023. Lenders with headquarters in Mainland China held the top four positions on the ranking. ...
They misuse agreements to access data on mobile phones of borrowers. Steps Taken by RBI: Non-Banking Financial Companies (NBFCs) and banks need to state the names of online platforms they are working with. RBI has also mandated that digital lending platforms which are used on behalf of Banks...
which are funded partially or entirely by restaurants and banks. Additionally, the advisory highlighted that most restaurants are compelled to pay a commission ranging from 4-8% on every transaction made through the payment gateway to the aggregator platform, significantly higher than the 1-1.5% cha...
UDGAM or Unclaimed Deposits - Gateway to Access information is an online centralized web portal that fetches and consolidates data from different banks about such accounts that have not been operational / are inactive for the last 10 years or more. UDGAM is a free-to-use platform that aims ...