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Parking money in small finance banks: Know the math
All SFBs come under strict RBI guidelines and are monitored by the central bank like any other big commercial bank.
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Widespread disruption in payments feared as new RBI norms kick in today
Around 50-60% of recurring transactions may fail as automatic clearance has come to an end.
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Foreign exchange reserves rises by $34.1 billion: RBI data
In the first quarter of FY22, the current account balance posted a $6.5 billion as surplus, against a $19.1 billion surplus in the year ago quarter
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Indian Overseas Bank jumps nearly 13% on exiting RBI’s PCA framework
IOB jumped 12.93% to Rs 23.15 apiece after the RBI decided to remove the public sector bank from the PCA framework
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HDFC Bank records 4 lakh new credit card users
The bank will increase its pace on ramping up its credit card acquisition and will look to regain the lost market soon
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Soiled notes take up more space than usable ones, banks inform RBI
Despite the fact that total money in the system has increased, dirty currency notes are taking up more space.
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Auto debit: New system should be simple
RBI needs to monitor the new system and tweak it if the need arises.
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FAQs on auto-debit facility rules from October 1
Here are some of the frequently asked questions relating to changes in auto-debit facility from October 1, 2021.
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Green finance, climate issues on RBI’s radar
Banks too giving greater attention as borrowing cost is cheaper in the global market for sustainable projects.
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These changes may impact your financial life from October 1
Money9 gives you a brief description of the changes that are coming into effect from October 1 and could impact your financial life
