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The Reserve Bank of India (RBI) does not have any statistics on the usage of the retail digital rupee (e-rupee), as per a RTI response.
Additionally, NBFC Ocean Capital Market, located in Odisha, was fined ₹16 lakh by RBI. Monthly MCQs of Financial Awareness SAGA Books Topic: RBI 4. The Financial Literacy Ideathon has been announced by RBI. A Financial Literacy Ideathon has been announced by the Reserve Bank of India (RBI...
After acquiring the Forex license in India, certain requirements must be complied with. The following is the list of mandatory compliances to be followed by the FFMC business setup. 1. Business Commencement Within 6 months of the successful acquisition of the FFMC license, the business must be ...
These models may be granularly put before the Boards of NBFCs. Boards do not get into pricing, but with the kind of shocks that RBI has given to some lenders, boardrooms rather get into details of pricing being charged. Another very important factor in pricing are the “extras”, which ...
Loan repayment is one of the top categories in terms of bill payment. Customers are allowed to select their bank or NBFC from the list and enter their loan account number to pay their EMI. Bharat BillPay is the biller platform of the National Payments Corporation of India (NPCI). It was...
You should check the names and addresses of the NBFCs registered with the RBI, which can be accessed here. A Chinese link to many apps has also surfaced, with the arrest of four Chinese nationals by various police teams. List of Killer Lending Apps Some of the Lending Apps List submitted...
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Pharma exports growth was nearly flat at 0.71% at $24.62 billion in 2021-22. Topic: RBI 5. RBI has imposed penalty on two banks and two NBFCs. It has imposed a penalty of Rs 72 lakh onPunjab National Bankand Rs 30 lakh onFederal Bank. ...
1. Bank of Maharashtra has topped the list of public sector lenders in loan and deposit growth in terms of percentage during Q1 of FY24. 2. Wholesale inflation remained in the negative for the fourth continuous month in July 2023.