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New Delhi: With the inflation in the second quarter of FY25 likely to remain below the Reserve Bank of India’s (RBI) forecast of 4.4 per cent, amid the cooling of food prices, the central bank may consider rate cuts in the forthcoming Monetary Policy Committee (MPC) meetings, industry analysts said on Thursday. The year-on-year inflation…
New Delhi: HDFC Bank announced an increase in loan interest rates by up to 5 basis points (bps) for a 3-month tenure. This follows a recent hike in its marginal cost of funds-based lending rates (MCLR) on September 7, 2024. With this change, HDFC Bank’s MCLR interest rates now range between 9.10 per cent and…
New Delhi: Several bank branches will remain closed in various states owing celebration of Ganesh Chaturthi. Before visiting your bank branch in the month, you must note down the list of states where Ganesh Chaturthi will be celebrated and during which banks will remain closed. RBI has said that banks will be closed on September…
New Delhi: Banks across the country will be closed for a total of 15 days throughout September 2024 including weekends and local holidays. However, you can still carry out your banking activities via mobile and internet banking even though many bank branches will be shut due to these holidays. The Reserve Bank of India (RBI)…
RBI aims to fill a total of 94 vacancies for various Grade B officer posts, including generalist, DEPR and DSIM (Representational/ PTI Photo) The RBI Grade B Phase-I online examination will be held on September 8 for the General category, while the DEPR and DSIM exams are set for September 14 The Reserve Bank of…
Hindi News Business RBI Loan App; Unified Lending Interface Details Explained | Shaktikanta Das New Delhi58 minutes ago copy link Now you will not have to run around banks for car, personal or home loans. To simplify this process, the government is bringing a Unified Lending (ULI) platform similar to the payment app UPI. This…
New Delhi9 minutes ago copy link On Thursday (22 August), the Reserve Bank of India has included Fastag and National Common Mobility Card (NCMC) in the e-mandate framework. Under this, as soon as the amount in these two payment instruments falls below the prescribed limit, money will be deducted from the customer’s account and added…
The Union Finance Minister further advised the banks to ensure compliance with the Reserve Bank of India’s guidelines on the handover of security documents after closure of the loans and directed that there should not be any delay in handing over the documents to the customer. Source link [ad_3]
New Delhi: India’s foreign exchange reserves reached a historical high of $ 675 billion, as of August 2, as overall, India’s external sector remains resilient with key indicators continuing to improve, RBI Governor Shaktikanta Das said on Thursday. “We remain confident of meeting our external financing requirements comfortably,” he said. Das also said that India’s…
New Delhi: The Reserve Bank of India (RBI) on Thursday announced two major rules regarding UPI transactions. The RBI introduced a Delegated Payments facility for UPI allowing two users sharing the same bank account make UPI payments. RBI has also said that the UPI limit for tax payment matters has been increased from Rs 1…