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IDFC Bank To Be Renamed As IDFC First Bank

IDFC Bank proposed to change its name to 'IDFC First Bank Ltd' in the wake of its amalgamation with the non-banking financial company Capital...

RBI Lifts The Ban On Fino Payments Bank To Open New Accounts

Fino Payments Bank, one of India's first payments banks, has been allowed to open new accounts by RBI after it submitted a compliance report....

RBI Announces Steps To Increase Credit Flow To NBFCs

The Reserve Bank of India announced more measures to increase liquidity flows to the non-banking financial companies. The RBI permitted banks to use government securities...

SBI Signs MoU With Nepal’s NBI For Human Resource Development

State Bank of India has signed an MoU with Kathmandu-based National Banking Institute (NBI) for the development of human resources of the latter. Under...

Centre Decides To Start Issuing Sovereign Gold Bonds 2018-19 From October

The Centre in consultation with the Reserve Bank of India has decided to issue Sovereign Gold Bonds 2018-19. The Sovereign Gold Bonds will be...

NHB Increases Refinance Limit From Rs24,000 crore To Rs30,000 crore

National Housing Bank (NHB) has decided to increase the Refinance Limit from Rs. 24,000 crore to Rs.30,000 crore for the Current Year (July 2018-June...

Electronic Trading Platforms Directions, 2018 Released By RBI

The Reserve Bank of India issued guidelines for operating Electronic Trading Platforms (ETPs) to transact in eligible instruments. Trading on electronic platforms is being...

Monetary Policy: RBI Leaves Repo Rate Unchanged At 6.5%

The Reserve Bank of India has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5%. Consequently, the reverse repo...

SIDBI Launched National Level Entrepreneurship Awareness Campaign ‘Udyam Abhilasha’

On the occasion of Birth Anniversary of Mahatma Gandhi, Small Industries Development Bank of India (SIDBI), had launched a National Level Entrepreneurship Awareness Campaign,...

SBI Reduces ATM Withdrawal Limit

State Bank of India has slashed the daily withdrawal limit on its classic debit card from Rs 40,000 to Rs 20,000. There is no...