RBI Deputy Governor’s Portfolio’s Reassigned After T Rabi Sankar Joins In
The Appointments Committee of the Cabinet appointed T Rabi Sankar as a Deputy Governor on May 2 in view of the retirement of B Kanungo on April 2. RBI has…
RBI Issues Circular For Revised Tenure Of CEOs, MDs And WTD
On Monday, The Reserve Bank of India (RBI) issued a circular to commercial banks, including Private Sector Banks including Small Finance Banks (SFBs) and wholly owned subsidiaries of Foreign Banks.…
American Express, Diners Club Not To Add New Customers, Says RBI
RBI restricts the Card Companies American Express Banking Corp and Diners Club International Ltd from onboarding new credit Card Customers from May 1. It came in view due to violation…
Citibank Exit From India Is Due To Local Competition
Over the years, Citibank has been facing competition from the Indian national players. The bank has gradually lost market share. Citi’s share in the retail business has been decreasing in…
HDFC Bank To Raise ₹50,000 Cr Through Bonds
On Wednesday, India’s leading private sector lender HDFC Bank said it plans to raise ₹50,000 crores through private placement mode of debt instruments over the period of the next 12…
India’s Forex Reserves Continue To Drop, Shows RBI Data
As per the data showed by the Reserve Bank of India (RBI), the country’s foreign exchange reserves declined by $2.415 billion reaching $576.869 billion in the week ended April 2.…
Auto-Debit Facility: RBI Postpones The New Rule Till September
Reserve Bank Of India (RBI) has issued a circular to all the stakeholders of Banks and payment wallets regarding the extension of the timeline for processing auto-debit payment by six…
Auto-Debit Facility Likely To Be Impacted: Here’s Why!
For the subscribers of auto-debit facilities for bills, there can be glitches in processing the recurring bill payment after April. The Reserve Bank of India (RBI) earlier mentioned that customers…
It is a K- shaped recovery, not V shaped: former RBI Chief D Subbarao
Former RBI Governor D Subbarao, on Wednesday, spoke at Times Network India Economic Conclave, which kicked off on Tuesday. He briefed the media on the topic ‘Opportunities & Threats to…
Covid-19 Hits Surge of Education Loan NPAs in India
On Monday, 15 March, a question on Educational loans was put up in the Lok Sabha for the Honorable Finance Minister, Smt. Nirmala Sitharaman. Kati P. Chidambaram’s had asked the…