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2 mins read

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…

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2 mins read

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   


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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…

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1 min read

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   


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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   


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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   


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6 mins read

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…

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2 mins read

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   


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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 …

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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…

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3 mins read

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   


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3 mins read

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…

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2 mins read

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   


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1 min read

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   


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1 min read

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 …

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2 mins read

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   


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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…

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1 min read

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   


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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   


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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 …