Friday, March 29, 2024

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RBI

Bollywood entertainer Richa Chadha wants RBI to ‘write off’ everyone’s EMI. Here is why it is not possible, ever

The Reserve Bank of India doesn't write off loans. It is the banks that write off the loans that are granted by them. And write off does not mean waive off.

Banks allowed to defer EMIs by 3 months, cut in repo rate, liquidity injection of Rs 3.74 lakh crores: Highlights of the RBI Governor’s...

The most important notification put out by the RBI on Friday was that a three-month moratorium has been announced on payment of instalments of loans outstanding on March 1, 2020.

Lutyens ‘journalists’ peddle half-truths about RBI’s new KYC norms which help persecuted minorities to open bank accounts in India

RBI has modified KYC norms to allow persecuted minorities given citizenship under CAA open bank accounts in India

Tech-giant Google recognises success of India’s UPI, recommends US Federal Reserve to implement similar model

Tech-giant Google has recommended that the US Federal Reserve implement a real-time payments platform similar to India's UPI.

Reserve Bank of India clarifies that it has not sold any gold or trading in it, refutes the ET report categorically

Tweaking its headline a bit, the ET had falsely reported that RBI has begun to sell some of its gold again despite their own reports suggested that RBI had bought more gold rather than selling from its reserves.

HDFC Bank issues clarification with regards to rumours about the ‘Deposit Insurance Cover’

Issuing a statement, HDFC bank clarified that the information about the 'deposit insurance cover' was not new and had been inserted as per a June 22, 2017 RBI circular

PMC bank fraud: Mumbai police arrests suspended PMC Bank Managing director Joy Thomas, HDIL officials sent to police custody

The RBI has already dismissed the board of governors of PMC bank and has appointed an administrator

PMC Bank fraud: Mumbai police file FIR against HDIL and bank officials, SIT formed to probe the case

The Economic Offences Wing of the Mumbai Police has filed FIR in the PMC bank fraud case

As PMC bank depositors wait a long fight to get their money bank, the scam raises several questions on bank regulation

80% of deposits of PMC bank are in FDs, so relaxing withdrawal limit does not help much

PMC Bank gave 96.5 crores personal loan to builder after his company had defaulted on 2500 crores loan: Report

PMC Bank had total lendings at around 8300 crores and exposure to HDIL alone is reportedly at 31%.

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