Banking and Finance

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RBI becomes net seller in June by selling 3.719 billion

RBI becomes Net Seller in June 2022 by selling 3.719 billion...

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Bank of Baroda launches special fixed deposits

Baroda Tiranga Deposit: Bank of Baroda launches Special FD Scheme

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Reserve Bank of India (RBI) has disallowed the use of Letters of Comfort

RBI Disallows Use of Letters of Comfort: To Impact Debt Worth...

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RBI issues digital lending norms to curb malpractices

RBI issues Digital Lending Norms to curb Malpractices; Cancels banking licence...

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ECGC introduces new scheme providing enhanced export credit risk

ECGC Introduces New Scheme Providing Enhanced Insurance Cover for Small Exporters

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CUB Forms Bancassurance

CUB Forms Bancassurance Tie-Up with Aditya Birla Health, Bajaj Allianz Life...

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RBI stipulates four-tier regulatory structure for urban co-op banks

RBI stipulates 4-Tier Regulatory Structure for UCBs; Restricts 3 cooperative banks...

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Trade-transactions-with-Lanka-may-be-settled-outside-ACU

RBI allows Trade transactions with Sri Lanka may be Settled outside...

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RBI-released-Financial-Stability-report-on-stock-market-valuations

RBI released its 25th Financial Stability Report; Gross NPAs of banks...

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SBI-arm-inks-pact-with-Ministry-to-set-up-Trilateral-Development-Coop-Fund

SBICAP Ventures Signs MoU with MEA For TDC Fund

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RBI-survey-sees-credit-demand-improving-in-next-three-months

RBI 22nd Systemic Risk Survey states Credit demand to improve in...

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India-moves-to-leadership-position-in-large-value-digital-payment-system

India emerged as Leader in Large-Value Digital Payment System in RBI...

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ICICI Bank launches 'Campus Power' platform for student ecosystem

ICICI Bank Launches digital Platform for the Student Ecosystem – ‘Campus...

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World Bank approves USD 562 million funding for 3 projects in India

WB approves USD562mn funding for 3 projects in India; along with...

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India reports CAD of 1.2% of GDP in FY22

RBI reports India’s CAD of 1.2% of GDP in FY22 on...

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Centre mandates 3-yr health insurance plan for surrogate mothers

Centre Mandates 3-year Health Insurance Plan for Surrogate Mothers

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RBI extends deadline by 3 months to October 1 2022 for implementing card rules

RBI extends Deadline by 3 months to October 1 2022 for...

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SEBI forms advisory committee on hybrid securities chaired by KV Kamath

SEBI Forms Hybrid Securities Advisory Committee (HySAC) Chaired by KV Kamath

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RBI Payments Vision 2025 aims 3-fold increase in digital payments

Payments Vision 2025 released by RBI’s DPSS aiming 3x Increase in Digital...

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Insolvency and Bankruptcy Board of India amends theIBBI

IBBI amends its Regulations for Insolvency Resolution Process for Corporate Persons;...

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WhatsApp Launches SMBSaathi Utsav

WhatsApp Launches SMBSaathi Utsav ; WhatsApp India, GoI Join Hands to...

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Nirmala Sitharaman launches EASE 5.0 'Common reforms agenda' for PSBs

Union Finance & Corporate Affairs Minister Nirmala Sitharaman Launches EASE 5.0...

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Highlights-of-RBIs-2nd-bi-monthly-monetary-policy-of-2023

Highlights of RBI’s 2nd Bi-monthly Monetary Policy of 2022-23; Repo Rate raised...

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RBI issues differential provisioning norms for standard assets for large NBFCs

RBI issues New Provisioning Norms for Standard Assets by NBFC-UL; Imposes Rs...

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Public Sector Banks doubled their Net Profit to almost Rs 66,539 cr

PSBs doubled their Net Profit to record Around Rs 66,539cr in...

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India's GDP grows 4.1% in Q4_ expands 8.7% in FY22

India’s GDP grows 4.1% in Q4FY22; expands 8.7% in FY22: NSO...

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Banks need to support growth, remain watchful of slippages (1)

RBI’s Annual report for 2021-2022; Caution Banks against slippages on Advances

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RBI cancels registration of 5 NBFCs due to irregular lending practices

RBI cancels registration of 5 NBFCs due to Irregular Lending Practices;...

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SEBI tweaks norms to boost liquidity

SEBI reviews Framework for Debt ETFs and Index Funds; Introduces Passive...

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RBI-Asks-Banks-To-Provide-Cardless-Cash-Withdrawal-Facility-At-ATMs

RBI asks Banks to Provide Cardless Cash Withdrawal Facility at ATMs;...

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Frauds in PSBs dip 51% t Rs 40,295 cr, cases not falling fast enough

Frauds in PSBs dip over 51% to Rs 40,295 cr: RBI...

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banks can provide credit to nbfcs for on-lending to priority sectors

RBI Permitted Lending by Commercial Banks to NBFCs & SFBs to...

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