Paytm Payments Bank, which facilitates transactions on mobile commerce platform Paytm, has over 300 million wallets and 60 million bank accounts, according to its website
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Microfinance lenders cannot charge usurious rate of interest from borrowers, the Reserve Bank said on Monday
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The asset under management (AUM) of non-banking financial companies (retail) is expected to grow 5-7 per cent in fiscal 2022 and 8-10 per cent in fiscal 2023, according to a report
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Umesh Mohanan, Executive Director & CEO, Indel Money, a Non-Banking Financial Company (NBFC) wants gold loans under the priority sector lending category. The gold-loan NBFCs have been playing a positive role in fulfilling the credit demand of under-penetrated markets, Mohanan tells ASHISH SINHA of BW Businessworld. Excerpts
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'Instances of misinformation being spread through certain sections of the social media about the Reserve Bank - Integrated Ombudsman Scheme 2021 (RB-IOS) - have come to the notice of the RBI'
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The Reserve Bank on Tuesday extended the interest equalisation scheme for pre and post shipment rupee credit for MSME exporters till March 2024 with the objective of boosting outbound shipments
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The Reserve Bank of India (RBI) on Tuesday issued modified norms on Interest Equalization Scheme for export credit after the extension of the scheme till March 2024 by the government
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Nitin Chugh would be responsible for envisioning, developing, and executing of bank’s digital banking strategy and business plan for imparting digital knowledge/skills in a constructive, empowering, and collaborative way
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Reserve Bank Governor Shaktikanta Das said "monetary policy is an art of managing expectations" as he emphasised the need for an effective communication strategy
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RBI Governor Shaktikanta Das underlined the need for an effective communication strategy at the central banks, stressing that "monetary policy is an art of managing expectations"
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