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Watch out for calls from 160 series
All central and state government entities would use 10-digit phone numbers telephone numbers that begin with 1600 and bear the format 1600ABCXXX
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Cash deposit via UPI possible soon, says RBI
Soon, PPI wallet holders on platforms like MobiKwik, Google Pay, PhonePe and Amazon Pay will be able to link their wallets to other third-party UPI ap
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Savings hit 50-year low
As per RBI data, household debt stood at 37.6% of India’s GDP, as opposed to constituting 36.9% of the country’s GDP in FY 22
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Big relief for borrowers with loan against properties
Additionally, any charges levied and recorded with any registry on such properties should also be removed within this time frame.
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All eyes are now on the Federal Reserve policy
Market is relaxed about the RBI policy because it was mostly in-line with the thought with no harsh norms to cut the liquidity
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Gone are the days of cheap loans
Loans available for banks have become expensive by about one percent. Now big question is how expensive will loans become for end consumer?
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US Federal Reserve is planning something big in 2022
The latest decision of the US Federal Reserve can have a long-lasting effect on the stock markets of all the developing countries across the globe
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RBI penalises SBI, Standard Chartered for violating guidelines
India's largest bank has been fine Rs 1 crore whereas Standard Chartered will have to pay Rs 1.95 crore penalty
