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Loan interest rates against External Benchmark

BE/RBI NOTE/54/2018 Effective from 1st April 2019 Interest rates on new loans will be fixed by banks against an external benchmark as per communication released by RBI.  What is cause and effect of this? The existing loans will not be affected with the change in the rules As of now banks are pricing their loans

Loan interest rates against External Benchmark

BE/RBI NOTE/54/2018 Effective from 1st April 2019 Interest rates on new loans will be fixed by banks against an external benchmark as per communication released by RBI.  What is cause and effect of this? The existing loans will not be affected with the change in the rules As of now banks are pricing their loans

Prompt Corrective Action

BE/RBI NOTE/53/2018 What is Prompt Corrective Action and what is the recent development related to the differences between the Central Government and the Reserve Bank of India?   Here are the important points one should know to under the concept clearly. Centre contends that because of RBI’s stringent PCA norms that several of the PSU Banks

Prompt Corrective Action

BE/RBI NOTE/53/2018 What is Prompt Corrective Action and what is the recent development related to the differences between the Central Government and the Reserve Bank of India?   Here are the important points one should know to under the concept clearly. Centre contends that because of RBI’s stringent PCA norms that several of the PSU Banks

WhatsApp seeks RBI nod to expand its payment services

BE/RBI NOTE/52/2018 WhatsApp has sought permission of Reserve Bank of India, in order to expand its payment services.  It is felt that their offerings will improve through financial inclusion. The Chief of WhatsApp has written to the Reserve Bank of India of India (RBI),  seeking a formal nod to expand payments services to all its 200 million users in India. The messaging app, which has drawn fire from the Government over the spread of fake messages on its platform, still waits for a regulatory clearance to launch full­fledgedpayments operations in India  months after its ‘testing’  amassed nearly one million users — and almost two years since its first began

WhatsApp seeks RBI nod to expand its payment services

BE/RBI NOTE/52/2018 WhatsApp has sought permission of Reserve Bank of India, in order to expand its payment services.  It is felt that their offerings will improve through financial inclusion. The Chief of WhatsApp has written to the Reserve Bank of India of India (RBI),  seeking a formal nod to expand payments services to all its 200 million users in India. The messaging app, which has drawn fire from the Government over the spread of fake messages on its platform, still waits for a regulatory clearance to launch full­fledgedpayments operations in India  months after its ‘testing’  amassed nearly one million users — and almost two years since its first began

BID TO EASE STRESS ON NBFCs

BE/RBI NOTE/51/2018 Indian NBFCs which are known as Shadow banks are facing stress on their Balance Sheets after a debt crisis brought a huge hit in NBFCs working in September this year, which in turn brought fears in the minds of investors. This has otherwise resulted in a cash crunch in the sector. SOME GOOD

BID TO EASE STRESS ON NBFCs

BE/RBI NOTE/51/2018 Indian NBFCs which are known as Shadow banks are facing stress on their Balance Sheets after a debt crisis brought a huge hit in NBFCs working in September this year, which in turn brought fears in the minds of investors. This has otherwise resulted in a cash crunch in the sector. SOME GOOD