[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 …
Read More »Tag Archives: RBI
Banks Must Provide Simple Key Facts Statement To Borrowers On Terms Of Loans: RBI
[ad_1] The RBI has decided to harmonise all instructions on KFS and disclosure of the Annual Percentage Rate (APR). [ad_2] Source link
Read More »Bank Holiday On Eid-Ul-Fitr 2024: Financial Institutions Open Tomorrow? Check Here
[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 …
Read More »Govt Bonds Worth Rs 30,000 Crore To Come Up For Auction On April 12
[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
Read More »RBI Cancels Registration Of Four Non-Banking Financial Companies
[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. …
Read More »RBI Maintains Status Quo For The 7th Time; Repo Rates Unchanged At 6.5%
[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
Read More »RBI Delays Exchange-traded Derivative Rules Implementation Till May 3 – News18
[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 …
Read More »97.69 Pc Of Rs 2000 Currency Notes Returned: RBI
[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 …
Read More »97.69% of Rs 2000 Notes Returned Since May 2023, Rs 8,202 Crore Yet To Be Deposited: RBI – News18
[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 …
Read More »PM Modi to speak at a ceremony in Mumbai on April 1 commemorating 90 years of RBI – Times of India
[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 …
Read More »