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Articles for Banking & Finance

No Forms, ID Cards Needed For Exchange Of Rs 2,000 Banknotes: SBI

The Reserve Bank of India (RBI) on Friday decided to withdraw the Rs 2,000 denomination currency notes from circulation, but added they (currency notes) will continue to remain as legal tender

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Muthoot Finance Reports Highest-ever Gold Loan Disbursement Of Rs 51,850 Cr In Q4

The company’s gold loan grew by Rs 5,051 crore following an all-time highest interest collection of Rs 2,677 crore for the Q4 FY 2023 and subsequently, its loan and gold loan assets grew at Rs 5,479 crore and Rs 5,051 crore in Q4 FY23 respectively

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RBI’s Website Crashes Following Rs 2,000 Withdrawal

The increased public interest in the RBI’s website could be gauged from the November 2016 demonetisation exercise when Rs 500 and Rs 1,000 bank notes were withdrawn with immediate effect and ceased to be legal tender

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Sebi Proposes Uniform Total Expense Ratio For Mutual Funds, May Lead To Rs 1,400 Crore Blow

Sebi's proposal aims to establish a uniform total expense ratio (TER) across mutual fund schemes to enhance transparency regarding costs borne by unitholders

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RBI Withdraws Rs 2,000 Notes From Circulation: All You Need To Know

Under the “Clean Note Policy” of the RBI, it has been decided to withdraw the Rs 2,000 denomination banknotes from circulation which have been old and soiled, RBI said in a statement

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RBI To Withdraw Rs 2,000 Currency Notes, Will Remain Legal Tender Till 30 Sept

Although banknotes of the Rs 2000 denomination will continue to be legal money, the RBI has instructed banks to stop issuing them with immediate effect

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Embedded Finance Set To Revolutionise Banking Industry: R Gandhi

"Embedded finance provides tremendous opportunities for innovation and expansion, but these ventures must be supported by banks, insurance companies, or brokerage firms," he says

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RBI Hints Rs 50,000 Cr Variable Rate Repo Auction

Earlier RBI conducted a five-day variable rate repo auction on 24 March and a 14-day variable rate repo auction on 10 March

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