Press "Enter" to skip to content

Posts tagged as “RBI”

RBI impose penalty of 10 crores on HDFC Bank towards forcing auto loan cuy to buy GPS device.

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 10 crore on HDFC Bank Limited for violation of certain rules, the central bank said on May 28.This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction…

5 major changes kick in from December 1 – Online money transfers, Domestic LPG Cylinders, New trains …

From December 1, many rules ranging from LPG Cylinder prices to new timings for Real Time Gross Settlement System (RTGS), insurance premiums, new trains and ATM cash withdrawal — things that have a major impact in the lives of common man are going to change. Since these rules are going to…

Can’t extend loan moratorium period, may affect credit creation in economy: RBI to Supreme Court

The Reserve Bank of India (RBI) filed a fresh affidavit in the loan moratorium case and told the Supreme Court that it cannot give more time as relief for sectors hit by the coronavirus pandemic. In the affidavit, RBI also stated that it is not possible to extend the moratorium period beyond…

RBI Monetary Policy: No respite to home, auto loan borrowers; RBI keeps interest rate unchanged at 4%

The EMIs on home and auto loans are unlikely to come down in the near term as the Reserve Bank of India on Friday kept the key policy rates unchanged in its bi-monthly Monetary Policy review. The central bank announcing the outcome of its bi-monthly Monetary Policy rates on October 9 said…

New Debit Card, Credit Card rules from October 1: Everything you need to know

n an apparent attempt to make digital payments using debit cards and credit cards more secure, several new guidelines have been issued by Reserve Bank of India (RBI) that will come into effect from October 1, 2020.  The RBI had directed all banks to not unnecessarily give international facilities to customers’…

Consumer confidence collapses to historic low in May, says RBI survey

A survey released by the Reserve Bank of India (RBI) has showed that consumer confidence has collapsed to historic low amid the coronavirus pandemic. “Consumer confidence collapsed in May 2020, with the Current Situation Index (CSI) touching historic low and the one year ahead Future Expectations Index (FEI) also recording a…