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RBI CANCELS 5 NBFC’s LICENSES

The Reserve Bank today said registration certificates of five non-banking financial companies (NBFCs) have been cancelled while two surrendered their certificate to the central bank. These seven entities,  RBI said, “cannot transact the business of a non-banking financial institution”.The entities whose certificates were cancelled are SIMCO CONSULTANTS, LUNKAD SECURITIES, RAJVIR MARKETING AND INVESTMENT, CRYSTAL INVESTMENTS AND

RBI CANCELS 5 NBFC’s LICENSES

The Reserve Bank today said registration certificates of five non-banking financial companies (NBFCs) have been cancelled while two surrendered their certificate to the central bank. These seven entities,  RBI said, “cannot transact the business of a non-banking financial institution”.The entities whose certificates were cancelled are SIMCO CONSULTANTS, LUNKAD SECURITIES, RAJVIR MARKETING AND INVESTMENT, CRYSTAL INVESTMENTS AND

Debt Restructuring Scheme – Overhaul by RBI

With a view to remove the Corporate Stress, Reserve Bank of India, made far-reaching changes to the present loan restructuring schemes like S4A, 5/25 and SDR.  The RBI has now increased the time limit of 90 days to 180 days given to the lenders for bringing out a Restructuring package, under S4A scheme (Sustainable Structuring

Debt Restructuring Scheme – Overhaul by RBI

With a view to remove the Corporate Stress, Reserve Bank of India, made far-reaching changes to the present loan restructuring schemes like S4A, 5/25 and SDR.  The RBI has now increased the time limit of 90 days to 180 days given to the lenders for bringing out a Restructuring package, under S4A scheme (Sustainable Structuring

ISSUE OF FRESH 2000 CURRENCY NOTES BY RBI

With the demonetization of 500 and 100 rupee notes, RBI has now come out with the fresh 2000 currency notes. It was believed that  the new Rs. 2000 notes issued by RBI would have a GPS chip to enable its tracing via satellites. GPS tracking is the surveillance of location through use of the Global Positioning System (GPS ) to track the

ISSUE OF FRESH 2000 CURRENCY NOTES BY RBI

With the demonetization of 500 and 100 rupee notes, RBI has now come out with the fresh 2000 currency notes. It was believed that  the new Rs. 2000 notes issued by RBI would have a GPS chip to enable its tracing via satellites. GPS tracking is the surveillance of location through use of the Global Positioning System (GPS ) to track the

Big daddy RBI holds sway over rupee market

Though the previous Governor Raghuram Rajan has left, the Big Daddy still controls the Indian currency market. The RBI, which is called the Big Daddy in Mumbai money market, intervenes to curb rupee swings which was a strategy used by former Governor Rajan which saw a great volatility against Chinese yuan and pegged Hong Kong

Big daddy RBI holds sway over rupee market

Though the previous Governor Raghuram Rajan has left, the Big Daddy still controls the Indian currency market. The RBI, which is called the Big Daddy in Mumbai money market, intervenes to curb rupee swings which was a strategy used by former Governor Rajan which saw a great volatility against Chinese yuan and pegged Hong Kong

Latest RBI updates

RBI hints at further rate cuts: Decline in inflation and normal monsoon have allowed the Reserve Bank of India (RBI) to the short-term lending rate, or repo rate, by 25 basis points to 6.25% from 6.50% earlier.  Perhaps hinting at further rate cuts, the RBI said that the key to future decisions viz food inflation

Latest RBI updates

RBI hints at further rate cuts: Decline in inflation and normal monsoon have allowed the Reserve Bank of India (RBI) to the short-term lending rate, or repo rate, by 25 basis points to 6.25% from 6.50% earlier.  Perhaps hinting at further rate cuts, the RBI said that the key to future decisions viz food inflation