NEFT to be made available 24*7 from December 16, 2019
NEFT to be made available 24*7 from December 16, 2019 Reserve Bank of India has announced that from December 16, 2019, the National Electronic Funds Transfer (NEFT) System will be …
NEFT to be made available 24*7 from December 16, 2019 Reserve Bank of India has announced that from December 16, 2019, the National Electronic Funds Transfer (NEFT) System will be …
RBI 5th Bi-monthly Monetary Policy Review, 2019-20: Repo Rate unchanged at 5.15% The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has kept the policy repo rate …
Goldman predicts India’s GDP growth rate for FY20 at 5.3% Goldman Sachs has reduced its GDP rate prediction for India for 2019-20 (FY20) to 5.3%. The reduction in GDP growth estimate to …
CRISIL cuts India’s GDP growth for FY20 to 5.1% Rating Agency CRISIL has reduced the GDP growth rate projection for India for 2019-20 (FY20) to 5.1% from its earlier prediction …
RBI adds Debt ETFs as eligible securities for repo transactions The Reserve Bank of India has announced that the Units of Debt Exchange Traded Funds (Debt ETFs) shall henceforth be …
Government to Merge 3 UP RRBs to form Baroda UP Bank The Ministry of Finance has decided to amalgamate three regional rural public sector banks of Uttar Pradesh namely Baroda …
RBI announces the Framework on Currency Swap Arrangement for SAARC countries for the period 2019 to 2022 The Reserve Bank of India has announced the revised Framework on Currency Swap …
India Ratings projects India’s GDP growth for FY20 at 5.6% Fitch group firm India Ratings and Research has projected India’s GDP Growth rate for FY20 (2019-20) at 5.6%. Earlier this prediction was …
RBI expands the scope of SNRR Account The Reserve Bank of India has expanded the scope of SNRR Account by permitting person resident outside India to open such account. Before …
OECD predicts India’s GDP growth rate in 2020 at 6.2% Organisation for Economic Cooperation and Development (OECD) has made the following GDP growth rate predictions for India: 2019- 5.8% 2020- …
OECD Cuts Global Growth Forecast for 2020 to 2.9% The Paris-based Organisation for Economic Cooperation and Development (OECD) has cut its 2020 global economic growth forecast in the November 2019 …
ICICI Bank launches ‘Maha Loan Dhamaka’ to provide on-the-spot loan approvals ICICI Bank has announced the launch of its own loan mela — ‘Maha Loan Dhamaka’ — to provide on-the-spot …
NCAER predicts India’s GDP growth at 4.9% in FY20 The National Council of Applied Economic Research (NCAER) has predicted India’s GDP growth rate for 2019-20 (FY20) at 4.9%. This comes …
India pledges to contribute $13.5 mn for UN development activities for 2020 India has pledged to contribute USD 13.5 million for various operational activities of development across the UN agencies …
Google to launch checking accounts next year in a tie-up with Citigroup Google will launch a checking account service next year in a collaboration with Citigroup and a credit union at Stanford …
Moody’s revises India GDP forecast to 5.6 % in 2019 Moody’s Investors Service has revised its GDP growth rate prediction for India for Calender Year 2019 to 5.6% from its …
SBI Report predicts India’s GDP for FY20 at 5% and FY21 at 6.2% An SBI research report has predicted the GDP Growth rate of India for 2019-20 (FY20) at 5%. …
RBI instructs banks not to charge for online transactions in the NEFT from January 2020. The Reserve Bank of India has taken the following steps to promote digital payments: Mandate …
PayNearby partners with Equitas Small Finance Bank for launching micro ATMs at retail shops PayNearby, the hyperlocal fintech network builder, has partnered with National Payments Corporation of India (NPCI) and …
RBI raises cap on borrowing from MFIs to Rs 1.25 lakh in rural areas The Reserve Bank of India has increased the household income limits for borrowers of Non-Banking Financial …