Only Standard Loan Accounts as of 1 Mar to Recast Under Pandemic Scheme: RBI
The Reserve Bank of India has clarified that loans which have remained standard without any defaults as of March 1, 2020, will be eligible for restructuring under...
Category : ECONOMY
Monetary Policy Panel Votes Unanimously To Hold Key Rates
Governor of Reserve Bank of India Shaktikanta Das-led Monetary Policy Committee decided to hold key policy rates unchanged at existing levels on Friday amid high...
RBI Enhanced Borrowing Limit Under MSF Extended to 31 March
To accommodate the requirement owing to the liquidity shortage latest by March 31, 2021, the Reserve Bank of India (RBI) has further increased the limit of enhanced...
RBI Has 300 Billion Rupees Auction Test After Rejecting Bids
The Reserve Bank of India (RBI) will again have a tough choice at Friday’s bond sale: Whether to ask underwriters to rescue the sale or allow higher...
Parliament Passes Bill to Bring Cooperative Banks Under RBI
The Indian Parliament has passed amendments on bill to the Banking Regulation Act as cooperative banks are covered under the supervision of Reserve Bank of India (RBI),...
Rajya Sabha Passes Bills to Reduce Salary, Allowances of MPs, Ministers by 30%
On Friday, bills regarding salary reduction, Members Of Parliament allowances, and Minister by 30% was passed with the clear majority in the Rajya Sabha. Initially, Union...
Volvo Car India Partners with HDFC Bank to Launch Volvo Car Financial Services
On Wednesday, Volvo car India has a partnership with HDFC Bank to launch Volvo Car Financial Services for buyers to get easy finance for its vehicle. The service facilitates...
ADB Sees India’s GDP Contract 9% in FY21
The Asian Development Bank (ADB) has revised its GDP estimate for India to a 9 per cent contraction in FY21 from 4 per cent dip estimated in...
Banks to Mandatorily Automate NPA Recognition by 30 June, Says RBI
The Reserve Bank of India (RBI) has issued the date for completion of automation in inadequate loan recognition as well as the provisioning latest by 30 June...
Dream11’s Parent Raises $225 Million, Valuation Jumps to $2.5 Billion
Dream Sports is the parent firm which has Dream11, FanCode and DreamX in its portfolio, has raised $225 million in primary and secondary investment led...