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RBI increases incentives for banks for distribution of coins
The banks may also endeavour to provide such services as part of their board-approved policy on 'Door Step Banking' services
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PhonePe gets Account Aggregator license from RBI
AA also improves the availability of financial services and competition as the customer no longer has to depend on one provider
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Things to know while availing gold loan to avoid defaults
With the Covid-19 pandemic forcing many to avail of gold loan, there have been rising defaults as many are facing continued stress on their finances.
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Why traditional investments can't bail you out of inflation?
FDs normally have been destroyers of purchasing power though it’s the most popular form of savings and investment for the majority of people.
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UCBs suggested a four tier structure from RBI panel
The RBI panel has also prescribed separate ceilings for home loans, loan against gold ornaments and unsecured loans for different categories of UCBs
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Forex reserves set to top $655 billion by March 2022: Report
From an elevated $74.2 billion in end-March, the forward dollar holdings were down to $49 billion by end-June
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Rehiring pushes wage bill up in 17 sectors in Q1: RBI report
IT, communication services, power, pharma and FMCG sector did not witness their wage bills contracting in any quarter of FY21, the report said
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Card data storage: Security first, convenience too
The new payment aggregator rules being drawn up by RBI might be inconvenient to customers and RBI must find a midway between security and convenience
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Forex reserves decline $2.10 billion to $619.365 billion
The forex kitty had increased by $889 million to a lifetime high of $621.464 billion in the previous reporting week
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India’s currency circulation growth dips to 10%: RBI report
The currency in circulation in India has already reached a large level of Rs 29.6 trillion and any increase from that level will be nominal.
