NIPL Ties Up With Central Bank Of Peru For UPI-Like Payment System In Peru
The partnership between India and Peru aims to fortify Peru's financial infrastructure and spur its economic growth.
Jun 05, 2024, 17:17 PM IST
RBI Fines Hero FinCorp Rs 3.1 Lakh For Violating Fair Practices Code
Hero FinCorp did not convey the terms and conditions of loans in writing to borrowers in the vernacular language understood by them, it said.
May 25, 2024, 15:01 PM IST
Ukrainian Central Bank Issues New Currency Note on first anniversary of Russia-Ukraine War
Russia-Ukraine World War has completed one year today. Meanwhile, the Central Bank of Ukraine issued a new note. A glimpse of the Ukrainian flag was seen in this note. Further in this report, watch 100 big headlines of the day in a flash.
Feb 24, 2023, 09:14 AM IST
RBI governor Shaktikanta Das launches Utkarsh 2.0; Central bank to use AI, ML for data analysis
Against the backdrop of a challenging global and domestic environment, Utkarsh 2.0 commences from 2023, when India assumes the G-20 Presidency.
Dec 30, 2022, 20:04 PM IST
RBI planning to adopt 'expected loss' approach for banks' loan provisioning
RBI Governor said the approach to make provisions or set aside money on the probable losses is a globally accepted prudent norm. At present, larger non-bank lenders have already been using the expected loss approach for provisioning since 2018.
Sep 30, 2022, 12:33 PM IST
ICICI Bank launches new credit card, will get free insurance of 2 lakhs and these benefits
ICICI RuPay Credit Cards: Sudipta Roy, the credit card head of ICICI Bank while launching this card said that we have always given priority to the convenience of the customers.
Aug 30, 2022, 00:20 AM IST
NITI Aayog submits privatisation list: THESE two banks are top contenders
The government had earlier indicated that banks under prompt corrective action (PCA) framework or weaker banks would be kept out of privatisation as it would be difficult to find buyers for them. This would have left three PSBs – Indian Overseas Bank, Central Bank and UCO Bank out of the government’s disinvestment plan.
Jun 04, 2021, 18:21 PM IST
Do you have an account in THESE 4 state-run banks shortlisted for privatisation? Is your money safe?
Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget FY 2021-22 in Parliament announced that government has approved a policy of strategic disinvestment of public sector enterprises that will provide a clear roadmap for disinvestment in all non-strategic and strategic sectors.
Feb 16, 2021, 16:13 PM IST
THESE 4 banks shortlisted for privatisation: Know the banks' total workforce, other details
Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget FY 2021-22 in Parliament announced that government has approved a policy of strategic disinvestment of public sector enterprises that will provide a clear roadmap for disinvestment in all non-strategic and strategic sectors.
Feb 16, 2021, 10:14 AM IST
Modi govt's big move! Four state-run banks shortlisted for privatisation: Reports
Two of those banks will be selected for sale in the 2021/2022 financial year which begins in April, the officials said. The shortlist has not previously been reported. The government, however, will continue to hold a majority stake in India`s largest lender State Bank of India, which is seen as a `strategic bank` for implementing initiatives such as expanding rural credit.
Feb 15, 2021, 18:01 PM IST
Government eying merger of four Public Sector Banks amidst rising bad loans
These PSBs reportedly have a cumulative loss of Rs 21,646.38 crore for the financial year 2017-18.
Jun 05, 2018, 12:28 PM IST
Over dozen PSBs to get Rs 46K crore capital infusion this month
These banks, including SBI, PNB, Bank of Baroda, Central Bank, Union Bank and OBC, have called shareholders' meetings this month to pass the resolution to allot preferential shares to government so as to receive the capital.
Mar 09, 2018, 09:06 AM IST
Indian bond yields fall after RBI cancels open market sale of debt
The bond market, which got a shot in the arm on Friday after Moody`s upgraded India`s sovereign rating pared almost all the gains on that day, resumed the rally on Monday boosted by the cancellation of OMO sale which to traders was a signal that the central bank was not happy with high yields.
Nov 20, 2017, 11:59 AM IST
RBI refuses to share details on clean India mission logo on Rs 2000, Rs 500 notes
Replying to an RTI query, the central bank also did not give a copy of the guidelines on printing of advertisement -- including promotion of central government-run initiatives -- on the notes.
Oct 15, 2017, 13:44 PM IST
RBI likely to keep policy rate on hold till fiscal-end: Report
According to the report, both CPI and WPI inflation have bottomed out and retail inflation is inching towards 4.7 per cent and wholesale towards 3.6 per cent by March 2018.
Sep 17, 2017, 15:00 PM IST
We could have managed liquidity better: Raghuram Rajan
Former RBI Governor Raghuram Rajan has said that in hindsight it appears that the central bank under his governorship could have managed the liquidity in banking system in a better manner on certain occasions.
Sep 11, 2017, 18:14 PM IST
Not asked on demonetisation during my tenure: Rajan
The former Governor of the RBI writes that the Central Bank wasn't asked to take such a decision at any point during his tenure at the Reserve Bank.
Sep 03, 2017, 10:32 AM IST
Pay dues or allow other to take control of biz: Arun Jaitley to debtors
Finance Minister Arun Jaitley on Thursday put private sector debtors on notice saying they will have to pay their dues to banks or allow somebody else to step in and take control of the business.
Aug 31, 2017, 12:32 PM IST
Low inflation to encourage RBI to cut rates next week
Inflation eased to its slowest pace in more than five years in June.
Jul 28, 2017, 12:41 PM IST
Markets hold steady, gains fizzle out on F&O expiry
Market benchmarks Sensex and Nifty on Thursday closed flat after touching new all-time highs intra-day, impacted by selling pressure in the wake of July derivatives expiry and a rush to take profit by investors.
Jul 27, 2017, 17:33 PM IST
