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RBI asks NBFCs to round off transaction values to nearest rupee

RBI asks NBFCs to round off transaction…

Mumbai, May 28 (KNN) The Reserve Bank of India (RBI) has asked non-banking financial companies (NBFCs) to round off all transactions to the nearest rupee so…
FDI in multi brand retail will affect SME traders: Nirmala Sitharaman

FDI in multi brand retail will affect…

New Delhi, May 28 (KNN)  Multi brand retail is not best opened up now because the small and medium sized traders and farmers have not been adequately…
RBI tightens merger and amalgamation norms for NBFCs

RBI tightens merger and amalgamation norms for…

Mumbai, May 27 (KNN) The Reserve Bank has said that all non-banking finance companies (NBFC) will need its prior approval to acquire or merge with similar…
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…

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