Category: RBI–Banks
RBI’s rupee challenge: Policymakers should not be swayed by absolute levels
Clipped from: https://www.business-standard.com/opinion/editorial/rbi-s-rupee-challenge-policymakers-should-not-be-swayed-by-absolute-levels-126040201497_1.html While the war is affecting macroeconomic dynamics in various ways, requiring intervention, economic management has become significantly complex for the Reserve Bank of
Borrowers may soon tap formal credit via ULI app across lending segments
lipped from: https://www.business-standard.com/finance/news/borrowers-may-soon-tap-formal-credit-via-uli-app-across-lending-segments-126040201134_1.html RBI Innovation Hub is building a ULI app to bring digital lending to smartphones, offering borrowers multiple loan options on a single platform
Banks seek NRI deposit window, tax relief as liquidity tightens – Banking & Finance News | The Financial Express
Clipped from: https://www.financialexpress.com/business/banking-finance/banks-seek-nri-deposit-window-tax-relief-as-liquidity-tightens/4180706/?ref=hometop_hp From FDI easing to ECB inflows and a ready Yen swap line, the RBI prefers structural tools over the NRI window India’s financial
*Credit-Deposit growth mismatch effect: Banks’ cost of raising funds via CDs goes up – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/credit-deposit-growth-mismatch-effect-banks-cost-of-raising-funds-via-cds-goes-up/article70549446.ece The average interest rate on CD issuances of 2-3 months tenor has hardened from 6.00-6.10% in the last one month to 6.50-7.00% now
*Lost your bank locker keys? Know how you can replace it, how much it will cost and your legal rights – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/lost-your-locker-keys-know-how-you-can-replace-it-how-much-it-will-cost-and-your-legal-rights/articleshow/126786821.cms Losing a bank locker key can be stressful, especially when important documents, jewellery or valuables are involved. Many customers are unsure whether banks
RBI ombudsman authorised to clear compensation up to ₹30 lakh – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-ombudsman-authorised-to-clear-compensation-up-to-30-lakh/article70515676.ece The Reserve Bank will establish the Centralised Receipt and Processing Centre at one or more places to receive the complaints filed under the
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