RBI approved dividend of Rs 57,128 crore to central government for the current financial year
Reserve Bank of India approved a dividend worth Rs. 57,128 crore to central government for the current financial year.
Stay updated with the latest news and articles about RBI.
Reserve Bank of India approved a dividend worth Rs. 57,128 crore to central government for the current financial year.
Veteran banker KV Kamath is making a comeback to India after five years — this time heading a panel that will work out the contours of a mega one-time restructuring plan to assist stressed borrowers hit by the coronavirus pandemic.
The RBI has announced in the RBI Monetary policy that the repo rate will remain unchanged at 4% and Real GDP to remain negative, Stock markets trade higher post announcement.
The three members whose tenure is due to end 30 September are Ravindra Dholakia, Pami Dua and Chetan Ghate. They are all external to RBI and were appointed by the government in 2016. Janak Raj, an executive director at the RBI and an MPC member, retired in June, and hence the search is for four new faces.
The President promulgated the Ordinance of the Banking Regulation Amendment. The signing was officially complete on Friday. Since, it empowers the Reserve Bank of India to undertake revival plans for banks.
The RBI composes a draft that has given a long and easy road for agreement. Since, it wishes to ease rules governing housing finance companies (HFC’s). Also, non-banking finance companies (NBFC’s).
Since, Google Pay is a third party app provider. And it does not operate on any payment systems. Therefore, its operations are not in violation of the Payment and Settlement System Act of 2007.
Showing 358 of 358 articles