RBI
Bajaj Finserv's Sanjiv Bajaj calls Indian banking strong, asks banks to keep focusing on risk management
Tue, Mar 21, 2023
Sanjiv Bajaj, president of the Confederation of Indian Industry, says that the Reserve Bank of India is a strong regulator and has been keeping a close watch on the Indian banking system for long time
More >
RBI imposes heavy penalty on RBL Bank Limited for non-compliance with directives
Mon, Mar 20, 2023
As per the RBI directive, the rules overlooked by the bank include directives on ‘Internal Ombudsman Scheme, 2018’, ‘Fair Practices Code for Lenders’, ‘Credit Card Operations of Banks’, ‘Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks’ and ‘Recovery Agents engaged by Banks’.
More >
RBI cancels registration of Rhino Finance due to irregular lending practices
Thu, Mar 02, 2023
"The company was also not complying with the extant regulations pertaining to charging of excessive interest and had resorted to undue harassment of customers for loan recovery purposes," the RBI said.
More >
India 360: India's GDP Growth Slows Down To 4.4% In Q3; FY23 Estimate Retained At 7%
Tue, Feb 28, 2023
India’s gross domestic product slowed down to 4.4% in the third quarter (October-December) of the financial year 2022-’23, government data showed on Tuesday. The growth rate has slowed down from 5.4% in the same quarter last year. However, in the current financial year, India's gross domestic product (GDP) is expected to grow at 7%. Watch this special report on India 360.
More >
India GDP data today: Economic growth likely to have slowed to 4.6% in December quarter
Tue, Feb 28, 2023
India GDP growth rate: An official reading of changes in the country's GDP in the quarter ended December 2022 is due later on Tuesday, February 28. According to Zee Business research, the economy is likely to have expanded 4.6 per cent in the period — the third quarter of the current financial year.
More >
US Fed May Raise Interest Rates Up To 0.25% In March, Will RBI Follow? Explains Ajay Bagga
Tue, Feb 21, 2023
Why is US Fed President James Bullard's speech important? How much will interest rates increase in US? What is the risk of rate hike in June? How likely is RBI to increase interest rates in April? Know from Ajay Bagga, Chairman of Elyments Platforms.
More >
