Reserve Bank of India (RBI)

Count on full restoration of claims made underneath credit score assure schemes, interim Bandhan Financial institution MD says

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Non-public sector lender Bandhan Financial institution is assured that it’ll obtain full quantity of claims made underneath two credit score assure schemes, interim MD & CEO Ratan Kesh instructed businessline. “We imagine that we have now been capable of clarify a few of the processes that’s evolving and a few limitations that financial institution needed … Read more

FPI permitted to funding in Sovereign Inexperienced Bonds in IFSC

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Forward of beginning proposed buying and selling of Sovereign Inexperienced Bonds (SGrB) at Worldwide Monetary Providers Centre (IFSC), International Portfolio Traders (FPIs) have been permitted to purchase and promote such bonds within the mentioned centre. “Individuals resident outdoors India that preserve a securities account with a depository in IFSC in India might buy or promote … Read more

Write-offs by scheduled industrial banks decline by 27% in 5 years

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Write-offs in scheduled industrial banks have decreased during the last 5 years to only over ₹1.70 lakh crore on the finish of FY 2023-24 from over ₹2.34 lakh crore in FY 2019-20, reflecting a decline of greater than 27 per cent, knowledge offered within the Lok Sabha confirmed. Information additionally defined that, barring FY23, all … Read more

97.69% of ₹2,000 notes as of March 29 2024 returned, remaining authorized tender

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The Reserve Financial institution of India (RBI) acknowledged that as of March 29, 2024, 97.69 per cent of the ₹2,000 banknotes in circulation as of Could 19, 2023, had been returned, with the remaining notes remaining authorized tender. The central financial institution supplied an replace on the withdrawal of ₹2,000 denomination banknotes, highlighting that their … Read more

RBI more likely to maintain repo price at 6.50%

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With the Reserve Financial institution of India (RBI) fixated on aligning retail inflation with the 4 per cent goal, majority of the members of its price setting panel are anticipated to vote to carry the repo price at 6.50 per cent at their first assembly within the new monetary 12 months, scheduled from April 3 … Read more

RBI pronounces Monetary Literacy Ideathon

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The Reserve Financial institution of India (RBI) has introduced a Monetary Literacy Ideathon for postgraduate college students, presently enrolled in recognised academic establishments. The scholars are anticipated to provide you with inventive methods to propagate monetary literacy among the many youth in order to empower them to have interaction in accountable monetary behaviour and take … Read more