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RBI cautions public against fake website

RBI cautions public against fake website

Mumbai, May 27 (KNN) The Reserve Bank of India (RBI) has cautioned the public against a fake website made in its name, offering various banking facilities,…
RBI asks banks to allow borrowers prepay floating rate term loans without penalty

RBI asks banks to allow borrowers prepay…

Mumbai, May 26 (KNN) In a move which will help the small and medium enterprises, the RBI has asked the urban co-operative banks to allow their borrowers the…
RBI for minimizing cost and inconvenience arising out of KYC norms: R Gandhi

RBI for minimizing cost and inconvenience arising…

Hyderabad, May 26 (KNN) The RBI Deputy Governor, R Gandhi has said that, the central bank will try and minimize the cost and inconvenience arising out of Know…
Over 3 lakh units with PF code shut

Over 3 lakh units with PF code…

New Delhi, May 26 (KNN)  As many as three lakh units have closed down or become inoperative after receiving the provident fund code number but the…
Election outcome raises industry expectations

Election outcome raises industry expectations

New Delhi, May 26 (KNN)  A survey conducted among CEOs of companies has revealed that  a whopping 93 per cent foresee a substantial improvement in…
Banks must have CCTV coverage for cash operations at currency chests: RBI

Banks must have CCTV coverage for cash…

Mumbai, May 24 (KNN) The Reserve Bank of India has asked banks to follow its instructions on CCTV coverage of all cash-handling operations in currency chests,…
IDBI to give loans to MSMEs at 1% lower interest rates

IDBI to give loans to MSMEs at…

New Delhi, May 24 (KNN) IDBI Bank has entered into an agreement with industry body, Federation of Indian Chambers of Commerce and Industry (FICCI), under which…
Rs 5 cr income tax demand towards corporate sector pending: IT Settlement Commission

Rs 5 cr income tax demand towards…

New Delhi, May 23 (KNN) About Rs 5 lakh crore income tax demand of the government towards the corporate sector is pending in various tax disputes, said Income…
Market cap of BSE SME reaches Rs 6,842 cr

Market cap of BSE SME reaches Rs…

Mumbai, May 23 (KNN) Almost after a month, the market capitalization of BSE SME has again crossed the Rs 6,800 crore mark, and reached at Rs 6,842.07crore…
RBI devises customer service norms for MSMEs; hints at firm customer protection norms

RBI devises customer service norms for MSMEs;…

Mumbai, May 23 (KNN)  BCSBI, the board under the RBI for laying down clear norms for customer services in the banks, has developed a separate set of standards…