78% Of PMC Bank Depositors Can Withdraw Entire Balance
According to Finance Minister Nirmala Sitharaman, nearly 78 per cent of PMC Bank’s depositors are not allowed to withdraw the entire amount available in the...
Tag : Reserve Bank of India (RBI)
RBI Appoints 3-Member Committee For Administrator in DHFL
The Reserve Bank of India (RBI) on Friday constituted a three-member advisory committee to help the administrator of Dewan Housing Finance Corp Ltd(DHFL) discharge his...
Yes Bank Gets $1.2 Bn Lifeline: Rana Kapoor Role to Shrink
Yes Bank Ltd said a global entity has made a binding offer to invest $ 1.2 billion in the cash-starved lender through an issue of...
No Charges on Digital Payments to Large Business from 1 Nov
An establishment having large businesses of an annual turnover of more than Rs 50 crore will have mandatorily offer an electronic mode of payments to...
Home Loan EMIs Falls, as RBI Cuts Repo Rate
Today, the Reserve Bank of India cuts its benchmark lending rates by 25 basis points, taking its cumulative repo rate cuts to 135 basis points...
PMC Bank Customer Cannot Withdraw More than Rs 1K: RBI
Punjab and Maharashtra Cooperative Bank (PMC Bank) customers cannot withdraw Rs 1000 from their account with urban cooperative, Reserve Bank of India (RBI) has put...
RBI Sets Timelines for Reversal of Failed Transactions
The Reserve Bank of India (RBI) has released a framework for turnaround time (TAT) for failed transactions and compensation for customers, saying this will bring...
Bank of Baroda Revises Fixed Deposit Rates
Bank of Baroda has revised its fixed deposit (FD) rates with effect from 31 August. This is the first time, the bank has revised the FD...
RTGS Money Transfer Timing Changes: Things to Remember
The Reserve Bank of India (RBI) introduce digital transaction which has extended the customer transaction timing for Real-Time Gross Settlement (RTGS) system by an hour. RBI notification says, “To...
RBI Linking New Loans to External Benchmark
Shaktikanta Das, governor Reserve Bank of India (RBI) said in his word, new loans to an external benchmark like the central bank’s repo rate will...
