Guwahati: Following a 0.4 percent hike in the repo rate—the rate at which the Reserve Bank loans short-term money to banks—a number of banks increased…
Bankers welcome RBI stance & regulatory measures on digital payments
Mumbai: The RBI’s accommodative stance and retaining the GDP growth estimate at 9.5 percent despite concerns over the Omicron variant, along with regulatory measures on…
Banks in India to remain closed for 12 specific days in September 2021
New Delhi: As September month arrives, Indian banks are all geared up for the bank holidays which the customers too need to be prepared for.…
India’s long wait for ‘Bad Bank’ comes to an end
Mumbai: With the incorporation of the National Asset Reconstruction Company Ltd (NARCL) the long-standing wait for India’s ‘bad bank’ has come to an end. The…
Bank permitted to increase charges from 1st January 2022; RBI
New Delhi: Banks had been granted permission by the Reserve Bank of India (RBI) to increase the fees charged on cash withdrawal beyond the permitted…