RBI

Sovereign Gold Bond Scheme 2019-20 Series IV Premature Redemption Today: Check How Much Money Will You Get | Economy News

New Delhi: You may prematurely redeem Sovereign Gold Bond Scheme 2019-20 Series IV issued in 2019 today, September 17. “SGB 2019-20 Series IV – Issue date September 17, 2019) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on […]

ABHISEK RAJPUT

September 17, 2024

No Transactions, Settlements In Govt Securities, Forex, Money Markets Tomorrow, September 18 In Maharashtra — Here’s Why | Personal Finance News

New Delhi: The Reserve Bank of India has informed that the government of Maharashtra has declared September 18, 2024 as a public holiday under Section 25 of the Negotiable Instruments Act, 1881. The public holiday on September 16, 2024 declared earlier has been cancelled. “Accordingly, there will be no transactions and settlements in Government securities, […]

ABHISEK RAJPUT

September 17, 2024

Bank Holiday In THESE States Today For Milad-Un-Nabi — Check Full List | Personal Finance News

New Delhi: As per the RBI holiday guidelines, banks are closed on account of gazetted and non-gazetted holidays depending on regional festivities and functions. Banks across several states will remain closed today (September 16) on account of Milad-un-Nabi or Id-e Milad (Birthday of Prophet Mohammad) (bara vafat). Banks in Ahmedabad, Aizawl, Belapur, Bengaluru, Chennai, Dehradun, Andhra Pradesh, Telangana, […]

ABHISEK RAJPUT

September 16, 2024

RBI’s Forex Reserves Set To Cross 700 Bn Dollars Sooner Than Expected In FY25 | Economy News

New Delhi: Despite global economic headwinds and deepening geopolitical uncertainties, the forex reserves are at record all-time high levels and are set to cross $700 billion in FY25 sooner than expected. According to the latest note by global investment firm Jefferies, RBI’s forex reserve is estimated to go up by a massive $53 billion to […]

ABHISEK RAJPUT

September 15, 2024

Onam Bank Holiday: Are All Banks Closed Tomorrow, 14 September 2024? Check List Of States | Personal Finance News

New Delhi: As per the RBI holiday guidelines, banks are closed on account of gazetted and non-gazetted holidays depending on regional festivities and functions. Tomorrow, September 14 being Onam, banks will remain closed in Kerala. However, tomorrow also being second saturday of the month, banks across all the states will be closed. Following Bank Holidays Are […]

ABHISEK RAJPUT

September 13, 2024

September 13-18 Bank Holiday List: Will Branches Will Be Closed For 6 Days In A Row? Here’s The State-Wise List | Personal Finance News

New Delhi: Will bank branches be closed for 6 days in a row from September 13 to September 18? The answer is a simple NO. Though banks will be closed between the above mentioned dates, not all states will observe the same regional festivities, and hence, banks will not be closed simultaneously in all the […]

ABHISEK RAJPUT

September 11, 2024

Axis Bank Fined Rs 1.91 Crore, HDFC Bank Fined Rs 1 Crore By RBI On THESE Charges | Personal Finance News

New Delhi: Reserve Bank Of India (RBI) has imposed Rs 2.91 crore monetary penalty on Axis Bank Limited and HDFC Bank Limited over non-compliance of the central bank’s directives. “The Statutory Inspection for Supervisory Evaluation (ISE 2022) of the bank was conducted by RBI with reference to its financial position as on March 31, 2022. […]

ABHISEK RAJPUT

September 11, 2024

HDFC Bank Hikes Key Lending Rate For 3-Month Tenure; Check Updated MCLR For September 2024 | Personal Finance News

New Delhi: HDFC Bank announced an increase in loan interest rates by up to 5 basis points (bps) for a 3-month tenure. This follows a recent hike in its marginal cost of funds-based lending rates (MCLR) on September 7, 2024. With this change, HDFC Bank’s MCLR interest rates now range between 9.10 per cent and […]

ABHISEK RAJPUT

September 8, 2024

RBI’s New Rules For Credit Cards: Mastercard, RuPay, Or Visa – Which Network Is Right for You? | Personal Finance News

RBI New Rules For Credit Card: Good News For Credit Card Holders! Now, users will have the freedom and flexibility to choose their card network from the available ones – Visa, MasterCard, and RuPay while applying for a new credit card or renewing the existing one. This initiative follows the Reserve Bank of India’s introduction […]

ABHISEK RAJPUT

September 7, 2024

RBI Penalises 3 Housing Finances Firms For Violating Norms | Economy News

New Delhi: The Reserve Bank of India on Friday imposed monetary penalties on Godrej Housing Finance Ltd, Aadhar Housing Finance Ltd, and Housing and Urban Development Corporation Ltd over non-compliance. The central bank imposed a fine of Rs five lakh each on Godrej Housing Finance and Aadhar Housing Finance, and Rs 3.5 lakh on Housing […]

ABHISEK RAJPUT

September 7, 2024

Ganesh Chaturthi 2024 Bank Holiday: Will Bank Branches Be Closed In Your State Tomorrow? Check List | Personal Finance News

New Delhi: Several bank branches will remain closed in various states owing celebration of Ganesh Chaturthi. Before visiting your bank branch in the month, you must note down the list of states where Ganesh Chaturthi will be celebrated and during which banks will remain closed. RBI has said that banks will be closed on September […]

ABHISEK RAJPUT

September 6, 2024

RBI Board Reviews Global And Domestic Economic Scenario, Outlook | Personal Finance News

New Delhi: The 610th meeting of the Central Board of Directors of the Reserve Bank of India was held on Wednesday in Mumbai under the Chairmanship of Governor Shaktikanta Das. As per a statement from the central bank, they reviewed the global and domestic economic scenario and outlook, including associated challenges. The Board also reviewed […]

ABHISEK RAJPUT

September 4, 2024

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