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Scrapping Foreclosure Charges to Impact Lenders Profitability

Scrapping Foreclosure Charges to Impact Lenders Profitability

The RBI last Friday released the draft norms proposing to scrap the foreclosure charges and pre-payment penalties on...

24 Feb 2025 8:46 PM IST

As far as retail inflation is concerned, food prices, which account for about half of the inflation basket, rose in November 2023 and remained elevated last month, largely led by vegetable prices and household staples.(Representational DC Image)

Current Affairs

Retail Inflation Rate Falls to Five-Month Low of 4.31 per Cent in...

Significant fall in the prices of vegetables and pulses, industrial output growth slowed to a 3-month low of 3.2 per...

12 Feb 2025 8:44 PM IST

Reserve Bank of India (RBI) sets out proposals for tighter governance at banks. (PTI Photo)

Current Affairs

Double Bonanza for Salaried Class, RBI Cuts Repo Rate After 5 Years

A lower repo rate means banks can borrow funds at a lower cost from the central bank and are expected to pass on the...

7 Feb 2025 9:18 PM IST

Banks, payment cos to pay Rs 10 lakh penalty for non-compliance with payment norms

Banks, payment cos to pay Rs 10 lakh penalty for non-compliance with...

Mumbai: The Reserve Bank of India (RBI) on Thursday revised the framework for imposing monetary penalty and compounding...

30 Jan 2025 11:08 PM IST

Core Inflation Dips to 5.22 Percent in Dec Amid Falling Food Prices

Core Inflation Dips to 5.22 Percent in Dec Amid Falling Food Prices

New Delhi: Bringing the Reserve Bank of India’s (RBI’s) tolerance band back to the limit of 2- 6 per cent,...

13 Jan 2025 8:00 PM IST

RBI Buys 8 Tonnes of Gold in Nov

RBI Buys 8 Tonnes of Gold in Nov

Chennai: The Reserve Bank of India continued adding gold to its reserves in November. It added 8 tonnes of gold, lifting...

6 Jan 2025 9:29 PM IST

RBI Article Highlights Need for Infrastructure Focus Amid Welfare Schemes

Current Affairs

RBI Article Highlights Need for Infrastructure Focus Amid Welfare...

New Delhi: Reserve Bank of India (RBI) article on Tuesday said sops in states’ 2024-25 budgets like...

24 Dec 2024 9:39 PM IST

RBI Allows Small Finance Banks to Give Credit on UPI

RBI Allows Small Finance Banks to Give Credit on UPI

Mumbai: The Reserve Bank of India (RBI) on Friday allowed small finance banks (SFBs) to offer pre-sanctioned...

6 Dec 2024 8:57 PM IST

RBI Asks Payment Providers to Improve Accessibility for People With Disabilities

RBI Asks Payment Providers to Improve Accessibility for People With...

Mumbai: The Reserve Bank of India (RBI) on Friday asked banks to review their payment systems to ensure easier...

11 Oct 2024 8:56 PM IST

RBI Directs Banks to Comply Guarantee Contract With FEMA

RBI Directs Banks to Comply Guarantee Contract With FEMA

Mumbai: The Reserve Bank of India (RBI) has asked banks to ensure that any guarantee contracts they advise or facilitate...

10 Oct 2024 10:41 PM IST

Monetary Transmission Improves With Formality in Labour Market Says RBI Study

Monetary Transmission Improves With Formality in Labour Market Says...

Mumbai: A contractionary monetary policy leads to a decline in inflation and a decline in growth after a lag, found a...

1 Oct 2024 11:50 PM IST

RBI Cautions on Regional Disparities in Agri Credit

RBI Cautions on Regional Disparities in Agri Credit

Mumbai: Even as institutional credit for agriculture has grown at an all-time high, regional disparities persist, said...

16 Sept 2024 9:50 PM IST