Tag: RBI

States Shifting To Old Pension Scheme Major Step Backwards: RBI Article

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States Shifting To Old Pension Scheme Major Step Backwards: RBI Article

Recently, some states have announced reversal to the OPS from NPS. (Representational) Mumbai: States reverting to the old pension scheme is a “major step backwards” and may take the fiscal stress of states to “unsustainable levels” in the medium to long term, according to an article by RBI staffers. The article by Rachit Solanki, Somnath…

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RBI asks banks, NBFCs to release original movable, unmovable property documents within 30 days of full repayment of loan

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RBI asks banks, NBFCs to release original movable, unmovable property documents within 30 days of full repayment of loan

As per the latest RBI’s directive, the borrower will be given the option of collecting the original movable / immovable property documents either from the branch where the loan account was serviced or from any other office of the RE where the documents are available. The Reserve Bank of India (RBI) has issued directions to…

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RBI asks banks, NBFCs to release original movable, unmovable property documents within 30 days of full repayment of loan

Posted on By admin
RBI asks banks, NBFCs to release original movable, unmovable property documents within 30 days of full repayment of loan

As per the latest RBI’s directive, the borrower will be given the option of collecting the original movable / immovable property documents either from the branch where the loan account was serviced or from any other office of the RE where the documents are available. The Reserve Bank of India (RBI) has issued directions to…

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Courts Must Refrain From Delving Into RBI’s Monetary Framework: High Court

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Courts Must Refrain From Delving Into RBI’s Monetary Framework: High Court

The court held that it cannot rely on “half-baked information” to direct a probe into RBI. (File) Mumbai: The Reserve Bank of India (RBI) plays an important role in shaping the country’s economy, and courts should refrain from delving into the monetary regulatory framework, the Bombay High Court said while dismissing a petition alleging wrongdoing…

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RBI Issues Revised Classification Valuation Guidelines For Investment Portfolio Of commercial banks

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RBI Issues Revised Classification Valuation Guidelines For Investment Portfolio Of commercial banks

The RBI said the revised guidelines for banks will be effective from April 1, 2024 (File) New Delhi: The Reserve Bank of India on Tuesday issued revised classification, valuation and operation guidelines for the investment portfolio of commercial banks, which will be effective from April 1, 2024. Banks will have to categorise investments into three…

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RBI committed to bring down inflation to 4%; watchful of price risks: Governor Das

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RBI committed to bring down inflation to 4%; watchful of price risks: Governor Das

RBI Governor Shaktikanta Das speaks at the Delhi School of Economics Diamond Jubilee Distinguished Lecture, in New Delhi, on Sept. 5, 2023. | Photo Credit: PTI Reserve Bank Governor Shaktikanta Das on Tuesday said the central bank is committed to bringing down inflation to 4% and will remain watchful of risks as more frequent global…

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The transition of loans from floating to fixed rates | Explained

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The transition of loans from floating to fixed rates | Explained

File photo: A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. | Photo Credit: Reuters The story so far: On August 18, apex banking regulator the Reserve Bank of India (RBI) issued guidelines enabling a borrower to transition from a floating interest rate-based loan to one…

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RBI Governor Shaktikanta Das Ranked Top Central Banker Globally

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RBI Governor Shaktikanta Das Ranked Top Central Banker Globally

He has been rated ‘A ‘ in the Global Finance Central Banker Report Cards 2023. Mumbai: Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine. He has been rated ‘A ‘ in the Global Finance Central Banker Report Cards 2023. Mr Das has…

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Nation

93% Of Rs 2,000 Notes In Circulation Have Been Returned To Banks: RBI

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93% Of Rs 2,000 Notes In Circulation Have Been Returned To Banks: RBI

RBI had announced the withdrawal of Rs 2000 banknotes from circulation on May 19. Mumbai: The Reserve Bank on Friday said that as much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 — the day when the currency was withdrawn from circulation — have been returned to…

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Explained | What is RBI’s pilot programme for facilitating ‘frictionless’ and ‘timely’ credit?

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Explained | What is RBI’s pilot programme for facilitating ‘frictionless’ and ‘timely’ credit?

Image for representation | Photo Credit: NAGARA GOPAL The story so far: On August 17, the Reserve Bank of India (RBI) commenced a pilot programme endeavouring to evaluate the feasibility of the ‘Public Tech Platform for Frictionless Credit’. The announcement was first made when the central banking regulator enumerated developmental and regulatory policies following the conclusion…

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