Monday, February 26, 2024
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India’s massive card security deadline unlikely to be extended

India’s massive card security deadline unlikely to be extended

[ad_1] India's central bank is unlikely to extend a Friday deadline for businesses to set up an additional layer of security for consumers' credit card data even after some concerns remain over payments failing and revenue losses, say bankers and merchants. Despite a demand by smaller merchants to delay the compliance

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RBI’s rate hikes to weigh down on banking system credit growth: India Ratings

RBI’s rate hikes to weigh down on banking system credit growth: India Ratings

[ad_1] The surprise rate hike by the RBI signalling a reversal of the interest rate cycle will weigh down on the banking system's credit growth, which was showing signs of revival with an 11 per cent growth, a report said on Thursday. The tailwinds supporting a pick-up in credit growth

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RBI taking inflation, inflationary expectations seriously: Uday Kotak

RBI taking inflation, inflationary expectations seriously: Uday Kotak

[ad_1] Reserve Bank of India's surprise move to hike repo rate reflects that the central bank is taking inflation and inflationary expectations very 'seriously', veteran Banker Uday said on Wednesday. He expects a 100 basis points repo rate hike in the current fiscal. The RBI on Wednesday after an

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Home Loans | Car Loans | RBI rate hike shocker: Home and car loans to get dearer

Home Loans | Car Loans | RBI rate hike shocker: Home and car loans to get dearer

[ad_1] Home, personal and car loan borrowers were in for a sudden interest rate shocker on Wednesday, after the Reserve Bank of India announced an out of turn repo rate hike. Bankers that ET spoke with are preparing to pass on this hike to their borrowers, marking the start to

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State-run banks voice concern over new guidelines on frauds

State-run banks voice concern over new guidelines on frauds

[ad_1] Public sector banks have petitioned the government on the latest revised guidelines on bank frauds, expressing concern over delay in disposal of cases that they fear could disrupt commercial banking decisions. "It is leading to a situation where every complaint, till it's resolved, is under scrutiny and those implicated cannot

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RRA recommends withdrawal of 225 more circulars: RBI

RRA recommends withdrawal of 225 more circulars: RBI

[ad_1] The Reserve Bank of India (RBI) on Monday said the Regulations Review Authority has recommended the withdrawal of additional 225 redundant circulars. The Reserve had set up the Regulations Review Authority (RRA 2.0) with an objective to reduce the compliance burden on regulated entities (REs). "Regulations Review Authority

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