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RBI
RBI asks Bajaj Finance to stop issuing loans under ‘eCOM’ and ‘Insta EMI Card’ for violation of digital lending guidelines
RBI asks Bajaj Finance to stop sanction and disbursal of loans under its two lending products with immediate effect
More than 97 per cent of Rs 2,000 banknotes returned to the banking system, Rs 10,000 crore worth of notes in circulation: RBI
The Reserve Bank of India said Rs 10,000 crore worth of Rs 2,000 notes are currently in circulation.
The last date to exchange ₹2000 banknotes is 30 September, clarifies RBI amid reports of extension of the deadline
ANI -
Reserve Bank of India (RBI) has clarified that Rs 2,000 denomination banknote will cease to have its value after Saturday, 20 September
Loan documents must be released within 30 days of full repayment, ₹5,000 penalty per day for delay: RBI announces major benefit for borrowers
RBI stated that banks and NBFCs have to release documents of properties and collateral mandatorily within 30 days.
Indian Economy to grow at 8.3% in the first quarter and 6.7% in FY24: What the SBI research says
SBI’s Chief Economic Advisor, Ghosh added that the first quarter of 2023-24 saw a huge increase in capital expenditure both by the centre (63%) and the states (41%).
‘Udyam registration’ by Modi government helped in formalisation of MSMEs on large scale, reveals SBI Research
According to SBI Research, Udyam is now propelling the filing of Income Tax Returns (ITRs) by the MSMEs.
RBI Unveils UDGAM Portal to resolve the issue of unclaimed bank deposits, read how such deposits can be traced easily
Anyone can access the UDGAM portal to search for bank details, it only needs a phone number and some basic details like PAN, AADHAAR etc
No increase in EMIs as RBI maintains the repo rate at 6.5%, expresses concern over rising inflation
RBI paused the repo rates at 6.5 per cent for the third time in a row amid concerns over inflation.
Banks in 22 countries including Russia, UK, Germany, Israel open special Vostro accounts in Indian banks to trade in Indian Rupee
ANI -
Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency
More than two-thirds of Rs 2000 notes have returned to banks: RBI governor Shaktikanta Das
Nearly two-thirds of Rs 2000 currency notes deposited or exchanged within a month of RBI's withdrawal order.
