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The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

P2P lending limit raised to Rs 50 lakh

The move aims at not only helping investors to diversify risk but also borrowers to get larger sums of loans.

6 Dec 2019 2:23 AM IST

The loading/reloading of such PPI can be done only from a bank account and it can be used only for making digital payments such as bill payments, merchant payments, etc.

New pre-paid card/wallet with Rs 10,000 load soon

Such PPIs can be issued on the basis of essential minimum details sourced from the customer.

6 Dec 2019 2:21 AM IST

Reserve Bank of India (RBI)

NBFCs, MFIs & co-ops can now become SFBs

The minimum paid-up voting equity capital or net worth requirement has been set at Rs 200 crore, up from Rs 100 crore as...

6 Dec 2019 2:18 AM IST

Shaktikanta Das

RBI rubs it in, says no respite from price rise

Shaktikanta Das says vegetable prices should soften by early February 2020.

6 Dec 2019 2:17 AM IST

Of the five mines, two were allocated to Birla Corporation Ltd and one each to Vedanta Ltd, Prakash Industries Ltd and Powerplus Traders Pvt Ltd.

Govt approves allocation of 5 coal blocks, to generate Rs 17,136 cr...

The ministry of coal, after a long gap of four years, has approved the allocation of five coal mines, the ministry said...

5 Dec 2019 5:57 PM IST

Union Economic Affairs Secretary Shaktikanta Das (Photo: PTI)

No way privately-issued digital currencies can be allowed: RBI Gov Das

The comments come a year after government tagged Bitcoins and other cryptocurrencies illegal and the RBI banned their...

5 Dec 2019 5:48 PM IST

Top gainers in the Sensex pack included SBI, Infosys, ITC, Sun Pharma, HDFC Bank and ICICI Bank, rising up to 2.64 per cent.

Markets end lower in a see-saw trade as RBI surprises with status quo

At the closing bell, the 30-share BSE Sensex was lower by 70.70 points or 0.17 per cent at 40,779.59.

5 Dec 2019 4:04 PM IST

Governor Shaktikanta Das

We can't keep on slashing policy rates every time: Shaktikanta Das

The sharp decline in growth had many analysts assuming the Reserve Bank will deliver a rate cut on Thursday.

5 Dec 2019 1:34 PM IST

Top losers in the Sensex pack included Yes Bank, SBI and IndusInd Bank, that cracked up to 5.76 per cent.

Sensex drops over 100 points as RBI leaves policy rate unchanged

BSE Sensex was trading 100.56 points, lower at 40,749.73 at 1149 hours.

5 Dec 2019 12:32 PM IST

Reserve Bank of India (RBI)

Reserve Bank keeps benchmark interest rate unchanged at 5.15 per cent

The central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October...

5 Dec 2019 12:08 PM IST

And in the period ending June 30 - the first quarter of the current financial year - write-offs amounted to 445.77 billion rupees (USD 6.31 billion), the data showed.

Rupee opens flat at 71.53 agsinst USD in early trade ahead of RBI...

Forex traders said, the domestic unit was trading in a narrow range as investors are trading cautiously ahead of the RBI...

5 Dec 2019 10:20 AM IST

IndusInd Bank was the top gainer in the Sensex pack, rising 2.68 per cent. ICICI Bank gained 2.68 per cent at close. Yes Bank, Tata Steel, SBI, TCS, L&T and Infosys also advanced. (Photo: File)

Sensex, Nifty trade higher in opening deals ahead of RBI policy...

The 30-share BSE Sensex was trading higher by 84.17 points at 40,934.46 in n opening deals.

5 Dec 2019 10:13 AM IST