News Delta Crypto Exchange to Expand Into Indian Market With New Funding May 26, 2020 by Felipe Erazo New funding from CoinFund will help Delta establish a further presence in the Indian market. 5401 News RBI Says No Restrictions on Banks Providing Accounts to Crypto Traders May 26, ...
RBI: ONUS OF FRAUD PROBE, MANAGEMENT ON BANKSNirav Pankaj ShahPrint this
a move which will help them onboard customers remotely. The V-CIP, which will be consent-based, will make it easier for banks and other regulated entities to adhere to the RBI’s Know Your Customer (KYC) norms by leveraging
"In order to attract more capital inflows, RBI has decided to increase the interest rate ceilings on FCNR (B) deposits. Accordingly, with effect from today (December 6, 2024), banks are permitted to raise fresh FCNR(B) deposits of 1 year to less than 3 years maturity at rates not exc...
District Central Co-operative Banks /All-India Financial Institutions/ All Non-Banking Financial Companies Dear Sir/Madam, New Definition of Micro, Small and Medium Enterprises - Clarification Please refer to the circular FIDD.MSME & NFS.BC.No.12/06.02.31/2021-22 dated June 25, 2021 on ‘New...
When the central bank increases rates or 'tightens' the monetary policy, banks too increase their rate of interest on loans to end borrowers which, in turn, curbs demand in the financial system. Calibrated Tightening: Calibrated tightening means during the current rate cycle, a cut in the rep...
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The decision of the RBI MPC to maintain a status quo on the repo rate is in line with its growth-focused approach. As the RBI leaves the repo rate unchanged at 6.5% on the expected lines, banks in India will have more legroom to offer homebuyers better incentives during the upcoming fes...
Mumbai [India], December 29 (ANI): 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 2021 in a severe stress scenario, the Reserve Bank of India (RBI) said on Wednesday. ...
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...