RBI allows pre-approved credit lines for payments over UPI
Individuals with pre-approved credit lines from banks will soon be able to use it to make payments over the Unified
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RBI NEWS
Can’t use penal charges to up revenue: RBI to lenders
Borrowers can expect more reasonable and transparent lending practices as the Reserve Bank of India (RBI) has issued new guidelines
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RBI approves re-appointment of Sanjay Agarwal as Chief of AU SFB for three years
The Reserve Bank of India has approved the re-appointment of Sanjay Agarwal as Managing Director & CEO of Jaipur-headquartered AU
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RBI issues framework for acceptance of green deposits by banks, NBFCs
Reserve Bank of India issued detailed guidelines for acceptance of ‘green deposits’ by banks and NBFCs wherein the funds could
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RBI issues draft norms
RBI issued draft guidelines on penal charges levied by lenders, bringing them under the strict preview of regulatory instructions issued
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RBI appoints Neeraj Nigam as executive director
The Reserve Bank of India appointed Neeraj Nigam as the new Executive Director (ED) with effect from April 03, 2023.
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Banks may hike MCLR by 150 bps in FY24 amid tight liquidity: Report
Commercial banks are likely to increase the marginal cost of funds based lending rate (MCLR) by 100-150 basis points (bp)
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Increased funding costs could impact lenders’ profit margins
Profit margins at Indian banks and non-bank lenders could narrow as they absorb a part of the staggered increases in
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RBI should pause, think about decoupling from Fed: Soumya Kanti Ghosh
The RBI should “pause and think” if it can continue mirroring the US Federal Reserve “stroke by stroke” in terms
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RBI may hit the pause button on rate hike next month
Even as India’s retail inflation remained above RBI’s tolerance limit of 6% for the second consecutive month in February, global
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