Current track

Title

Artist

Current show

The Morning Hustle

5:00 am 9:00 am

Current show

The Morning Hustle

5:00 am 9:00 am


RBI

In the quarter gone by (Q3 of FY22), private lender HDFC Bank issued around 950,000 credit cards, its highest ever credit card issuance in any single quarter. Since the Reserve Bank of India (RBI) revoked the embargo on it in August 2021 to issue new credit cards, the lender has issued 1.37 million credit cards. […]

The Reserve Bank of India (RBI)’s decision to allow small-value offline digital payments through digital channels such as cards, wallets and mobile devices may encourage innovative digital payments solutions without internet access, experts said. On 4 January, the central bank said offline digital payments of up to ₹200 will be allowed without active internet connections. […]

US client costs in November are anticipated to point out the most important annual advance in many years, conserving strain on the Fed to ship swifter coverage tightening. Fed Chair Jerome Powell has signaled quicker tapering of asset purchases amid elevated inflation 06 Dec 2021, 03:49:36 PM IST Sensex slumps 949 factors, ends under 57Ok; […]

The Reserve Financial institution of India (RBI) launched the information on sectoral deployment of financial institution credit score collected from choose 33 scheduled industrial banks, accounting for about 90% of the overall non-food credit score deployed by all scheduled industrial banks, for the month of October 2021. On a year-on-year (y-o-y) foundation, non-food financial institution […]

Mumbai: In a transfer that might lead to extra non-banking finance corporations’ loans being categorised as NPAs and lift provisioning necessities, the RBI has tightened NBFC asset classification norms. The rules, which come into impact on March 30 subsequent yr, deliver the NBFC classification norms on a par with that of banks. The rules had […]

“That is what the dashboard appears like after the brand new recurring payments rule. I don’t understand how I’m going to get well from this,” he tweeted. The tweet elicited attention-grabbing responses. “RBI (Reserve Financial institution of India) has single-handedly wrecked the Indian subscription economic system. Nothing lower than a demonetization-scale affect for a lot […]

Mumbai: When you could not renew month-to-month subscriptions to the New York Occasions platform or Netflix and Amazon Prime streaming companies, you should not have blamed know-how. New central financial institution guidelines on computerized debits, which took effect October 1, in all probability stood in the way in which, as many high-street banks are but […]