Sebi fines Yes Bank Rs 25 crore for fraudulently selling certain risky bonds to investors without necessary warnings and risk assessments.
RBI doubles maximum end of day balance for payments banks to Rs 2 lakh; move to help increase financial inclusion.
Now PPIs, card networks, White label ATM operators and TReDS platforms can take direct membership in the central bank-run RTGS and NEFT.
It will be an nclt case.
RBI retains GDP growth forecast for FY22 at 10.5%; says recent surge in Covid cases adds uncertainty to domestic growth outlook.
-640x480.jpg "Govt's debt monetisation program weighs heavy on RBI's monetary policy")
Govt's debt monetisation program weighs heavy on RBI's monetary policy
Bankers are not expecting any change in policy rates; RBI to reassure markets about keeping optimum levels of liquidity and also talk about OMOs.
MSMEs can now seek resolution for their stress through the pre-packaged process under the IBC.
SBI Card sees over 50% of its transactions from online payments such as on groceries, utility bills and insurance premium.
SBI ups minimum interest rate on home loans by 25 basis points to 6.95%; rates could stiffen as other banks are expected to follow SBI’s footsteps.
RBI directs Mobikwik, which is facing data breach allegations, to have a forensic audit done without delay.
-964x868.jpg "Govt retains retail inflation target for 5 years")
RBI's MPC to meet six times in a year
Govt cuts interest on PPF by 0.7% to 6.4%, making it the lowest in 46 years.
Within less than 12 hours, govt rolls back its order to slash interest rates on small savings like PPF and NSC; Opposition terms it as sign of “insensitivity”.
