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Reserve Bank may act against more NBFCs to keep obscure lending practices in check, says Morgan Stanley
Earlier this month, the apex bank had already issued a stern warning to the NBFC sector, discouragi…
RBI unlikely to cut interest rate in 2024: SBI chief Setty
"On the rate front, a lot of central banks are taking independent calls. While Fed rate cut wou…
PTI
You can let your family members use your UPI account for payments, RBI introduces delegate payments
The Reserve Bank of India announced a new feature called delegated payments, enabling users to auth…
RBI authorises Bandhan Bank to disburse pension to retired railway employees
Private lender Bandhan Bank on Wednesday said it has been authorised by the Reserve Bank of India (…
PTI
RBI penalizes five banks, including PNB, for regulatory non-compliance in first week of July
The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in …
ANI
Employees' provident fund interest rate fixed at 8.15% for 2022-23
The Central Board of Employees' Provident Fund Organisation (EPFO) has recommended an 8.15% interes…
ANI
Max Financial Services: Company worth ₹24,000 crore running with only 12 employees
A holding company with only 12 employees has made it to India’s top 500 most valuable companies, ac…
Retirement fund body EPFO could increase its equity investment limit to 20% from 15% earlier
Retirement fund body EPFO is likely to approve this month a proposal to enhance its investments in …
PTI
Supreme Court refuses to entertain urgent plea against ₹2,000 note withdrawal
The Supreme Court on Thursday declined urgent hearing on a plea challenging the Delhi High Court's …
RBI sounds note of caution on OPS, says it may add to liabilities in future
Even as several non-BJP ruled states like Rajasthan, Chhattisgarh, Himachal Pradesh, Punjab and Jha…
Air India onboards more than 3,800 staff in six months
Air India on Thursday said it onboarded more than 3,800 staff across crew and other functions, and …
PTI
Customer protection 'guiding light' of revamped microfinance regulations, says RBI deputy governor
Reserve Bank of India’s (RBI) deputy governor M Rajeshwar Rao on Friday outlined several measures i…
RBI imposes first-of-its-kind penalty on AP Mahesh co-op bank for cyber security violations
The Reserve Bank of India (RBI) has imposed a penalty of Rs 65 lakh on AP Mahesh Co-operative Urban…
PTI
RBI employees contribute Rs 7.30 cr to PM-CARES Fund
"Responding to the call to support this noble cause, the employees of the Reserve Bank have dec…
PTI
Over 1,600 techies being fired a day on average in January says tracking site Layoffs.fyi
Homegrown social media company ShareChat (Mohalla Tech Pvt Ltd) laid off 20 per cent of its …
Govt likely to issue green bonds in Jan-March quarter
"The framework for these bonds has been brought out. The bonds are likely to be issued from Janu…
PTI
November retail inflation may be down, but the war against inflation is on say experts
With core inflation continuing to be high, credit rating agencies like Acuite Ratings & Research an…
Rupee gains 19 paise to 82.28 against US dollar
At the interbank foreign exchange, the domestic unit opened at 82.34 against the dollar, then ga…
PTI
India's services sector output growth hits 3-month high in Nov on strong demand
India's services sector output growth touched a three-month high in November as business inflows …
PTI
Digital lending platforms see 3x year-on-year rise in disbursals to ₹14,016 crore in Q2 FY23
Fintechs issuing digital loans witnessed an over three-fold disbursal growth in Q2. The number and …