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RBI relaxes lending norms for housing loans by coop banksSANJAY DIXITPrint this
It was the other day that the Reserve Bank of India (RBI) served a warning to Andhra Pradesh on its OverDraft (OD) limit. Seems like, the RBI’s warning has changed nothing, AP government yet again borrowed money from the banks. This time through three corporations, the AP government bor...
Recent News : Govt Likely to Delay Pillar-2 Tax Rules Citing Limited Revenue Benefit India's Fiscal Deficit for April-September 2024 Marks 29.4% of FY25 Target GST Collection Hits Rs 1.87 Lakh Crore in October, Second-Highest Ever Boosted by Domestic Sales ...
The Bank must also carry out on-going due diligence. A bank must update an AePS touchpoint operator’s KYC, if they have not performed any financial transaction for a continuous period of six months. Further, theNPCI and the banks must ensure that an AePS touchpoint operator is onboarded...
The RBI Governor expressed his concerns and said that he was worried about currency intervention by countries to create a competitive advantage and requested the central banks around the globe not to cause devaluation of currencies. He said, “Markets around the world are trying to factor the impa...
Banks review power sector exposureIndian banks need to improve their systems and processes to identify early any stress on the quality of their loans, the Reserve Bank of India (RBI) said. "Asset quality of banks is one of the most important indicators of their financial h...
The postSome Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectifyappeared first onBitcoin News. Bitcoin.com Get the latestBitcoin NewsonThe Bitcoin News Our Social Networks: FacebookInstagramPinterestRedditTelegramTwitterYoutube...
While banks’ exposures to better rated large borrowers are declining, there are incipient signs of stress in the Micro, Small and Medium Enterprises (MSMEs) and retail segments. The demand for consumer credit across banks and Non-Banking Financial Companies (NBFCs) has decreased, with some deter...
The gross non-performing asset (GNPA) ratio of scheduled commercial banks is likely to increase to 9.5 per cent in September 2022 from 6.9 per cent in September