Saturday, January 28, 2023

RBI

RBI Das seeks ban on crypto; calls it gambling

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that cryptocurrency should be completely banned from the country and it can just be called ‘gambling.On being asked about his stance on crypto at the BT’s Banking &...

Industry leaders expect GDP to grow at 6.5%

About 60 per cent of the business leaders surveyed were of the view that Indian gross domestic product (GDP) will grow at 6.5 per cent during 2023-24, said Deloitte Touche Tohmatsu India LLP (DTTILLP).In a pre-budget survey by DTTILLP,...

Term deposit interest rates for senior citizens climbing up

With credit disbursals picking up and the Reserve Bank of India (RBI) increasing its lending rates to the banks (repo rate) banks and others are now offering higher interest rates on fixed deposits.In the case of senior citizens, the...

‘Government, RBI in talk with countries for rupee trade’

RBI Governor Shaktikanta Das on Friday said the government and the central bank are in discussion with South Asian countries to have cross-border trade in rupee.He also said the central bank digital currency (CBDC) is in trial phase and...

No need to visit bank to update KYC: RBI

Bank account holders are no longer required to visit their bank branches to update ‘know your customer’ (KYC) details provided they have already submitted valid documents and not changed their address, the RBI has said.Instead, if there is no...

SC upholds demonetisation 4:1; Justice Nagarathna dissents

The Supreme Court on Monday upheld the Narendra Modi-led Union government’s 2016 demonetisation decision and dismissed the petitions challenging it, reports Outlook India.The five-judge Supreme Court bench in a 4:1 judgement ruled that the decision-making process of the government...

Financial literacy poor across urban, rural population in country: RBI survey

A general perception is that most of the rural population is not well versed with digital banking in India.However, in what can be termed as a revelation, according to a pan-India “Financial Literacy and Inclusion survey” conducted by the...

Markets decline for third day

Equity benchmarks pared early gains and ended lower for the third straight session on Thursday, defying largely positive global market trends, amid the release of minutes of the RBI’s MPC meeting.Despite a positive beginning, the 30-share BSE benchmark Sensex...

Former RBI Governor Raghuram Rajan joins Yatra

Reserve Bank of India’s former governor Raghuram Rajan on Wednesday joined Rahul Gandhi during the Congress-led Bharat Jodo Yatra in Rajasthan.The Bharat Jodo Yatra, which started from Kanyakumari in Tamil Nadu on September 7, is passing through Rajasthan. The...

‘Loans worth Rs 1,74,966 crore written off in 2021-22’: MoS

The Union Minister of state for finance, Bhagwat Karad on Tuesday informed the Rajya Sabha that loans worth Rs 1,74,966 crores were written off by scheduled commercial banks (SCBs) in the last financial year and Rs 33,534 crores were...