In a major overhaul of the Indian banking system, Airtel launched the first Payments Bank in India last week. A pilot of this service has been started in Rajasthan and it gives a lot of hope to the ‘Digital India’ movement. Here, 10,000 Airtel retail outlets will be accessible at the end of the first […]
Quashed by SC in 2011 RBI’s NBFC Ban Order on Sahara Effective Now by Mutual Consent
As RBI has recently announced the cancellation of NBFC licence of Sahara India Financial Corp Ltd, the group says that the decision was mutually agreed upon and is in no way a blow for Sahara. The group has called it a “momentary constraint” which can be overcome as soon its bank accounts and properties are […]
Anil Sharma Amrapali Hopeful About Receding Impact Of Repo Rate
To spur investment & growth RBI cut interest rate by 0.25 per cent for third time. Real Estate companies are hopeful that a fall in interest rate will somewhat uplift the sector. The decision to cut key interest rate is likely to reduce borrowing cost for both home buyers as well as developers which […]
RBI rate cut not enough to revive growth: India Inc
The Reserve Bank of India’s 0.25 per cent rate cut is not enough to revive economic growth and much on the interest rate cycle will depend on external factors such as the monsoon and on global factors, say India Inc leaders. “This is not enough. Trade and industry were expecting a higher rate cut to […]
After 20 years, RBI to put Re 1 note into circulation
One rupee notes are all set to come back into circulation as the government has decided to restart printing the currency after more than two decades. “The Reserve Bank of India will soon put in circulation currency notes in one rupee denomination. The notes will be printed by the Government of India,” Reserve Bank said […]