RBI Press Release

RBI announces second set of measures to preserve financial stability and help put money in the hands of the needy and disadvantaged

300 ViewsMinistry of Finance States and UTs allowed to borrow more to manage COVID-19 Reverse Repo rate reduced from 4.0% to 3.75% Relief provided to NBFCs and Real Estate Sector We will cure and endure, India is projected to turn around and grow at 7.4% in 2021-22: RBI Governor “…In the midst of death life …

RBI announces second set of measures to preserve financial stability and help put money in the hands of the needy and disadvantaged Read More »

Authorisation of Union Bank of India as Primary Dealer | RBI | Bank Merger

207 Viewshe Reserve Bank has authorised Union Bank of India to undertake Primary Dealership business departmentally with effect from April 01, 2020, pursuant to the amalgamation of Corporation Bank into Union Bank of India in terms of the Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme, 2020 notified by the …

Authorisation of Union Bank of India as Primary Dealer | RBI | Bank Merger Read More »

RBI announces further measures for dealing with the COVID-19 pandemic

207 Views1. Extension of realisation period of export proceeds Presently value of the goods or software exports made by the exporters is required to be realized fully and repatriated to the country within a period of 9 months from the date of exports. In view of the disruption caused by the COVID-19 pandemic, the time …

RBI announces further measures for dealing with the COVID-19 pandemic Read More »

FREQUENTLY ASKED QUESTIONS : RBI Allowed Banks to Declare Moratorium on Term Loans

454 ViewsMinistry of Finance Last week, the Reserve Bank of India has allowed Banks to declare a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as on working capital facilities. The Indian Banks Association has answered a list of Frequently Asked Questions about the technicalities of the moratorium. QUESTION 1: When/what was the …

FREQUENTLY ASKED QUESTIONS : RBI Allowed Banks to Declare Moratorium on Term Loans Read More »

Statement on Developmental and Regulatory Policies | RBI Press Release

566 ViewsThis Statement sets out various developmental and regulatory policies that directly address the stress in financial conditions caused by COVID-19. They consist of: (i) expanding liquidity in the system sizeably to ensure that financial markets and institutions are able to function normally in the face of COVID-related dislocations; (ii) reinforcing monetary transmission so that …

Statement on Developmental and Regulatory Policies | RBI Press Release Read More »

Availability of NEFT System on 24×7 basis | Notification issue by RBI

794 ViewsRBI/2019-20/111DPSS (CO) RPPD No.1097/04.03.01/2019-20 December 6, 2019 The Chairman/Managing Director/Chief Executive Officerof member banks participating in NEFT payment system Madam/Dear Sir Availability of National Electronic Funds Transfer (NEFT) System on 24×7 basis Please refer to our circular DPSS (CO) RPPD No.510/04.03.01/2019-20 dated August 30, 2019 regarding availability of NEFT on a 24×7 basis. 2. …

Availability of NEFT System on 24×7 basis | Notification issue by RBI Read More »

Supersession of the Board of Directors and Appointment of Administrator – Dewan Housing Finance Corporation Limited

301 ViewsReserve Bank of India In exercise of the powers conferred under Section 45-IE (I) of the Reserve Bank of India Act, 1934, the Reserve Bank has today superseded the Board of Directors of Dewan Housing Finance Corporation Limited (DHFL) owing to governance concerns and defaults by DHFL in meeting various payment obligations. Shri R. …

Supersession of the Board of Directors and Appointment of Administrator – Dewan Housing Finance Corporation Limited Read More »

Now Bank Charges will not be imposed on NEFT | Reserve Bank of India Take Setps

237 ViewsRBI Press Release: 2019-2020/1142 Furthering Digital Payments In pursuance of its vision to promote digital payments, Reserve Bank’s endeavour has been to establish state of the art payment systems that are efficient, convenient, safe, secure and affordable. The efforts have resulted in a rapid growth in the retail digital payment systems as below: 2. …

Now Bank Charges will not be imposed on NEFT | Reserve Bank of India Take Setps Read More »

Get 20% Extra off on Pen Drive Course| Use Coupon Code-Pen20 | offer Valid Til 30th Sep 2020

X
Open chat