Clipped from: https://www.business-standard.com/finance/personal-finance/rbi-makes-kyc-easier-banks-must-send-three-reminders-before-account-freeze-125061300267_1.html Banks must give written reminders before KYC deadline, says RBI RBI Listen to This Article In a move aimed at strengthening consumer protection
Category: RBI–Banks
*******Rate cuts alone won’t revive growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rate-cuts-alone-wont-revive-growth/article69692053.ece Measures to stimulate demand like tax breaks for consumers, infra spending and support for MSMEs can be considered Need to revive demand |
Reduce unclaimed assets: FM Sitharaman to financial sector regulators | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/sitharaman-urges-fin-sector-regulators-to-cut-unclaimed-assets-125061001194_1.html At the 29th FSDC meeting, FM Nirmala Sitharaman pushed for swift return of unclaimed financial assets and called for simplified, unified KYC norms
*******Savings a/c returns drop post RBI rate cut: Where to park your idle ₹1 lakh | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/savings-a-c-returns-drop-post-rbi-rate-cut-where-to-park-your-idle-1-lakh-125061100288_1.html With savings account interest rates dropping post-RBI rate cut, moving idle money to liquid funds can offer better returns with minimal risk and
*******MPC pulls out all stops to support growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/mpc-pulls-out-all-stops-to-support-growth/article69665421.ece The policy action points to a remarkable, new-found confidence in India’s fundamentals and external account The neutral stance allows the MPC to be
*******The RBI frontloads a dream – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/the-rbi-frontloads-a-dream/article69665883.ece MPC goes for an aggressive 50 bps rate cut to support consumption and growth RBI Governor Sanjay Malhotra at the post-monetary policy press
RBI cuts repo rate by 50 bps: See how much you’ll save on EMIs for a 20-year Rs 50 lakh home loan — full calculation inside – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/rbis-50-bps-repo-rate-cut-check-how-much-your-emi-will-drop-on-a-rs-50-lakh-home-loan-over-20-years-full-calculation-3870472/ The Reserve Bank of India (RBI) on Friday cut the repo rate by 50 basis points (0.50%). This is the third consecutive time
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