India’s foreign exchange reserves are at a comfortable level currently, benefiting from the Reserve Bank of India’s persistent intervention and the likelihood of less volatile […]
Tag: rbi
Give banks capital leeway for insurance-backed trade finance products: IBA to RBI
Mumbai: To boost trade credit insurance penetration in the trade finance line of business, the Indian Banks’ Association has sought assistance from the Reserve Bank […]
Now get an HDFC Bank personal loan in 10 seconds
Even as many industry insiders have expressed concerns over the rapid growth in unsecured loans, merger-bound HDFC Bank is all set to launch open-market, 10-second […]
RBI imposes Rs 1.73 crore penalty on HSBC
The Reserve Bank of India on Monday said it has imposed a penalty of Rs 1.73 crore on HSBC for non-compliance with norms. This action […]
Centre may see a big jump in RBI dividend in FY24
The Centre is likely to make windfall gains by way of annual dividend receipts from the Reserve Bank of India (RBI), which is estimated to […]
FinMin permits 22 finance cos to undertake Aadhaar-based verification of clients
The Finance Ministry has allowed 22 financial companies, including Amazon Pay (India) and Hero FinCorp, to undertake Aadhaar-based authentication of clients. The ministry, through a […]
Global finance dominated by few currencies, need to de-risk by diversifying, says RBI DG T Sankar
A handful of currencies currently dominate global finance, and there is a need for de-risking by diversifying the international currency system by adopting liquid currencies, […]
Money transfer: RBI mandates complete info about originator, beneficiary
The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the […]
HDFC Bank likely to open over 600 branches in semi-urban, rural areas in FY24
HDFC Bank is likely to open more than 675 branches in semi-urban and rural geographies across the country, reported Reuters, citing a senior bank official. […]
RBI’s credit on UPI plan can create a win-win situation for all
India’s financial inclusion will soon add another successful case study. This time, the second iteration of India’s financial inclusion program is poised to connect millions […]