Tag Archives: RBI

[ad_1] MUMBAI: In a move to boost transparency, RBI has asked all banks and finance companies to provide borrowers with a key facts statement that includes data on all fees and the annual cost of credit from Oct 1 besides basic loan information. The statement should also provide details on …

[ad_1] The RBI has decided to harmonise all instructions on KFS and disclosure of the Annual Percentage Rate (APR). [ad_2] Source link

[ad_1] New Delhi: According to the Reserve Bank of India (RBI) holiday list, banks in certain states will remain closed on Thursday in observance of Ramzan-Id (Eid-Ul-Fitr). This follows a series of consecutive holidays from April 9 to April 14 for various festivals including Gudi Padwa, Ugadi, Telugu New Year, Bohag …

[ad_1] The government will have the option to retain additional subscriptions up to Rs 2,000 crore against each of these securities. [ad_2] Source link

[ad_1] New Delhi: On Friday, the Reserve Bank of India (RBI) cancelled the certificate of registration of four non-banking financial companies.Those companies are Uttar Pradesh-based Kundles Motor Finance Private Limited, Tamil Nadu-based Nithya Finance Limited, Punjab-based Bhatia Hire Purchase Pvt Ltd, and Himachal Pradeesh-based Jiwanjyoti Deposits and Advances Limited. …

[ad_1] A year is divided into six bimonthly reviews of the central bank’s monetary policy. Additionally, there are out-of-cycle reviews, where the central bank holds extra sessions in urgent situations. [ad_2] Source link

[ad_1] The RBI emphasised that the regulatory framework for ETCDs has remained consistent over the years and that there was no change in the central bank’s policy approach. The RBI says it had permitted users, for the ease of doing business, to take positions of up to $100 million across …

[ad_1] New Delhi: The Reserve Bank of India (RBI) on Monday said nearly 97.69 per cent of the Rs 2000 denomination bank notes have returned to the banking system, and only Rs 8,202 crore worth of the withdrawn notes are still with the public. On May 19, 2023, the …

[ad_1] In May 2023, the central bank had announced the withdrawal of Rs 2000 denomination banknotes from circulation. About Rs 8,202 crore is yet to be deposited as on March 29, 2024, compared with the Rs 3.56 lakh crore in circulation at the close of business on May 19, 2023 …

[ad_1] NEW DELHI: Prime Minister Narendra Modi will visit Mumbai on Monday, 1 April, 2024, where he will address the ceremony commemorating 90 years of Reserve Bank of India (RBI). PM Modi is expected to address the event at 11am.Finance minister Nirmala Sitharaman will also be present at the event …