BE/RBI NOTE/05/2019 Ahead of the ensuing Monetary Committee meeting, Regulator’s expectations from the Banking sector has been conveyed to the State Run banks, by the Reserve Bank of India Governor Shri Shaktikanta Das. The sixth bi-monthly monetary policy for 2018-19 will be announced by RBI on 7th February 2019. This meeting was also aimed to

BE/RBI NOTE/04/2019 ICICI Bank, Kotak Bank, HDFC Bank, and Axis are one of the 11 Banks, who would be part of the consortium of 11 big lenders who are now ready to launch the first block chain linked funding for Small and Medium Enterprises (SMEs).  This is expected to change the system of lending to

BE/RBI NOTE/03/2019 With a view to help in improving business RBI relaxed the norms on External Commercial Borrowings: This means all companies who are eligible to raise Foreign Direct Investment will be able to raise funds through ECB route. This results in the expanded list of eligible borrowers in the ECB route This comes in

BE/RBI NOTE/02/2019 Financial Technology has now reached its advanced stage. Fintech Start-up companies have now applied for RBI license to operate as Non-Banking Financial Companies. This would help the consumers availing credit facilities from such financial institutions to have a greater advantage and reach to various schemes and loan facilities. While some have applied for

BE/RBI NOTE/01/2019   Customers using prepaid instruments and incurring liabilities due to fraud in the incidents are now given the relief if they report the fraud within three days.  This is similar to that of the rules applicable for bank frauds. Prepaid payment instruments(PPI) include Mobilewallets, Prepaidpayments cards and Paper vouchers such as Sodexo. RBI