The advisory was sent by the banking regulator after certain large gold loan-providing NBFCs had reached out to the RBI for clarity on cash disbursals. It was sent by the RBI's Department of ...
New Delhi, May 9 (PTI) The Reserve Bank has asked NBFC firms not to disburse cash component in excess of Rs 20,000 on loans against gold in line with the Income Tax laws. In an advisory issued to ...
Yield on the state development loans have seen a moderation in the last few months by 5-7 basis points based on easing yield ...
Last month, the Reserve Bank of India (RBI) proposed that banks and non-banking financial companies (NBFC) set aside a ...
"This will comprise Rs 25,000 crore to Nabard for refinancing regional rural banks (RRBs), cooperative banks and micro finance institutions (MFIs); Rs 15,000 crore to Sidbi for on-lending ...
As banks restrict funding to the NBFC market, the cost of funds for non-banks may increase by 200 to 300 basis points.
“We believe that the list of financial penalties, and even of business embargos, is likely to scale up and should thus keep regulated entities/fintechs on edge,” the brokerage said. The RBI's recent ...
Most banking stocks, on Friday, traded higher ahead of the Reserve Bank of India's (RBI) decision on the incremental cash reserve ratio (ICRR). The Nifty PSU Bank index is trading 0.15 percent higher, ...
Private sector banks were fined Rs 12.17 crore while public sector banks (PSBs) were levied penalties of Rs 3.65 crore, foreign banks Rs 4.65 crore, and NBFCs ended paying up Rs 4.39 crore. As many as ...
In a conversation with Udayan Mukherjee, Global Business Editor, BT TV, Shaktikanta Das said, “We have to be very resilient and focus like Arjuna's eye has to be maintained on core inflation.” ...
(Bloomberg) -- Bond traders in India are bracing for higher Treasury bill yields at an auction on Wednesday after the Reserve Bank of India took its first step toward paring back on some of its ...
Foreign delegates experienced instantaneous payment systems like UPI and e-Rupee first hand at the RBI pavilion at the G20 Summit, New Delhi 'Operating in 45 cities': Zomato rolls out free weather ...