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Economy

RBI asks banks to create public awareness about simplified KYC norms

RBI asks banks to create public awareness…

Mumbai, Sept 5 (KNN)  Given that the general public continues to face problems in opening bank accounts despite several measures initiated by the Reserve…
EPFO asks field offices to enrol outsourced workers as PF members, provide UAN

EPFO asks field offices to enrol outsourced…

New Delhi, Sept 4 (KNN) The Employees Provident Fund Organization (EPFO) has asked its field offices which are hiring workers through outsourcing to enrol…
India expanded at a slower pace than China in August: Survey

India expanded at a slower pace than…

New Delhi, Sept 4 (KNN) Emerging markets registered stronger growth in manufacturing as well as services during August but India expanded at a slower pace…
FM nod for committee to secure financial interest of senior citizens

FM nod for committee to secure financial…

New Delhi, Sept 4 (KNN) With a view to securing financial interest of senior citizens of the country, the government has approved the setting up of a committee…
Lack of understanding is barrier to accessing finance for SMEs: RBI

Lack of understanding is barrier to accessing…

Mumbai, Sept 3 (KNN) One key barrier the poor and small businesses face in accessing financial services is the lack of sufficient understanding of these services…
Indian listed companies to appoint 25 woman directors a day to meet SEBI deadline

Indian listed companies to appoint 25 woman…

New Delhi, Sept 3 (KNN) More than half of the companies listed on the National Stock Exchange are yet to appoint at least one woman director on their board…
Service sector activity growth slows in August, says survey

Service sector activity growth slows in August,…

New Delhi, Sept 3 (KNN) The service sector activity in the country moderated in August, at its weakest rate in three months, as the new business expanded at…
RBI asks banks to set timeline for disposal of loan proposals

RBI asks banks to set timeline for…

Mumbai, Sept 1 (KNN) RBI has asked banks to set a timeline for disposal of loan proposals and institute a suitable monitoring mechanism for reviewing applications…
Bank accounts operative if dividend is credited to savings a/c in 2 yrs

Bank accounts operative if dividend is credited…

Mumbai, Sept 2 (KNN) The Reserve Bank of India (RBI) has said that an account should be treated as an operative account as long as the dividend is credited…
RBI amends Basel III guidelines; makes it easier for banks to raise capital

RBI amends Basel III guidelines; makes it…

Mumbai, Sept 2 (KNN) Making it easier for banks to raise capital, the Reserve Bank of India (RBI) has amended some guidelines on Basel III implementation in…

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