Wednesday, May 12, 2021
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RBI Governor meets MDs, CEOs of NBFC-Micro Finance institutions

The Reserve bank of India Governor, Shaktikanta Das on Monday met managing directors (MD) and Chief Executive officers (CEOs) of Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) via video conferencing. The meeting was attended by Deputy Governors MK Jain and Dr MD Patra and a few other senior officials of RBI. In

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Govt unlikely to continue with zero-coupon bond route to recap PSU banks

The government is unlikely to take zero-coupon bond route to further recapitalise public sector banks after the Reserve Bank expressed some concerns in this regard, sources said. The government, they said, would resort back to recapitalisation bonds bearing a coupon rate for capital infusion in these banks. To save

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India will have heterogeneous banking sector in a decade with four types of banks: Shaktikanta Das

The Reserve Bank foresees a "competitive, efficient and heterogeneous" banking sector with four distinct sets of banks dominating the landscape over the next decade, its governor Shaktikanta Das said on Thursday. There will be large banks having presence across the country and the world, mid-size banks present across the

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RBI asks banks to implement image-based Cheque Truncation System in all branches by September 30

The Reserve Bank on Monday asked banks to implement the image-based Cheque Truncation System (CTS) in all branches by September 30, a move aimed at faster settlement of cheques resulting in better customer service. There are about 18,000 bank branches that are still outside any formal clearing arrangement. Last

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RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-operative Bank; fresh loans, deposits restricted

The Reserve Bank on Friday said it has barred Karnataka-based Deccan Urban Co-operative Bank Ltd from granting fresh loans or accepting deposits and customers cannot withdraw more than Rs 1,000 from their savings account for a period of six months. The lender has also been asked not to make

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RBI tightens payments security norms for banks, digital payment operators

Mumbai: The central bank late Thursday sought to strengthen India's digital payments architecture, publishing detailed guidelines to improve security, control and compliance among banks, gateways, wallet operators and other non-bank entities that are at the vanguard of helping New Delhi achieve its goal of a 'less-cash' transaction economy. The new

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