Former RBI governor M Narasimham passes away due to Covid-19
Business | April 21, 2021 8:50 ISTFormer Reserve Bank of India governor M Narasimham passed away on Tuesday after battling Covid-19. He was 94.
Former Reserve Bank of India governor M Narasimham passed away on Tuesday after battling Covid-19. He was 94.
SC last month ruled that no penal or compound interest would be charged on any loans, including those above Rs 2 crore, during the six-month moratorium announced by govt against Covid backdrop.
The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic.
Payments banks are just like any other bank, but operate on a smaller scale. RBI has hiked the maximum deposit limit from Rs 1 lakh to Rs 2 lakh.
After enactment of SARFAESI Act in 2002, regulatory guidelines for ARCs were issued in 2003 to enable development of this sector and to facilitate smooth functioning of companies.
The Reserve Bank of India has maintained status quo fifth time in a row on policy rate. The bank has kept repo unchanged at 4 per cent.
According to bank holiday details on the Reserve Bank of India's website, banks will remain shut on March 27 (fourth Saturday), then on March 28 (Sunday), and on March 29 (Monday) on account of Holi.
Shaktikanta Das said there is a need for coordinated action between the centre and state governments to reduce taxes on petrol and diesel prices.
The central bank also said it will set up a 24x7 helpline for digital payments services to secure them more against fraud and phishing.
Reserve Bank of India will allow retail investors to directly participate in government securities. Retail investors can now open Gilt or G-Sec accounts with the central bank.
The Reserve Bank of India (RBI) on Friday left interest rates unchanged at 4 per cent. This is the fourth time in a row when the RBI has left the rate unchanged.
After the Budget 2021-22 announcement on Monday, Economic Affairs Secretary Tarun Bajaj had said that real GDP growth would be 10-10.5 per cent in the next fiscal.
RBI JE Recruitment 2021: Interested and eligible candidates can apply for the mentioned posts online at rbi.gov.in on or before February 15.
HDFC Bank on Tuesday said the Reserve Bank of India (RBI) has appointed an external IT firm for carrying out a special audit of its IT infrastructure in the aftermath of repeated service outages at the country's largest private sector lender over the past two years.
However, in this month, there is no national holiday on which banks across the country will remain closed. Several occasions like Chhatrapati Shivaji Maharaj Jayanti, Md Hazrat Ali birth anniversary, Basant Panchami, etc will be celebrated in the month of February
The new bill has been titled as ‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’. The Centre is looking towards the introduction, consideration, and passing of this bill.
India's GDP is within the striking distance of attaining positive growth, the Reserve Bank said observing that the letter "V" in the V-shaped recovery stands for the vaccine.
Equity benchmark indices were flat during early hours on Dec 30 as traders booked profits on banking and financial counters.
Impacted by the coronavirus pandemic, the Indian economy dipped by a historic 23.9 per cent in the first quarter of the current financial year. The contraction narrowed down to 7.5 per cent in the second quarter.
The bank had breached the minimum net worth requirement for two quarters in the financial year 2019-20, the RBI said in a statement.
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