[ MUMBAI: Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy by the Reserve Bank, said an analysis. According to a working paper prepared by RBI officials, the regulatory and development measures which are announced along with the monetary … Read more
[ RBI action against Kotak Mahindra Bank: The Reserve Bank of India (RBI) recently imposed restrictions on Kotak Mahindra Bank, preventing the bank from onboarding new customers through its online and mobile banking channels and from issuing new credit cards. This has raised questions among existing and potential customers about the impact of this decision … Read more
[ Bank holidays April 2024: Do you do your banking on Saturdays? If so, remember that banks are open only on the first, third, and fifth Saturdays if the month has a fifth Saturday. They are closed on the second and fourth Saturdays, as well as every Sunday.Banks will be closed on Saturday, April 27, … Read more
[ Kotak Mahindra Bank share price today: The Reserve Bank of India‘s (RBI) decision to temporarily halt Kotak Mahindra Bank’s onboarding of new customers through online and mobile banking channels, as well as the issuance of new credit cards, has led to a significant drop in the bank’s share price. The stock fell by up … Read more
[ The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to immediately stop onboarding new customers through its online and mobile banking channels and cease issuing new credit cards. This regulatory action was taken due to concerns about the bank’s compliance and risk management practices.However, RBI has directed Kotak Mahindra Bank to continue … Read more
[ April 2024 bank holidays: Banks in several states across India will be closed on April 17, Wednesday, in observance of Ram Navami, a Hindu festival celebrating the birth of Lord Rama. According to the Reserve Bank of India’s holiday list, banks in states such as Gujarat, Maharashtra, Madhya Pradesh, Orissa, and others will be … Read more
[ The Reserve Bank of India (RBI) has increased its gold purchases to enhance the diversity of its foreign exchange reserves amid fluctuations in the US dollar. The surge in the value of outstanding gold reserves accounted for more than 80% of the nearly $3-billion rise in forex reserves, which reached a record $648.5 billion … Read more
[ NEW DELHI: National Financial Reporting Authority (NFRA), the regulator for auditors and audit firms for listed and large companies, has acted against Pathak HD & Associates – the joint auditor for Reliance Capital, then an Anil Ambani group company – and its two auditors for multiple failures flagged by the other auditor, Price Waterhouse … Read more
[ UPI rule change for PPIs: Unified Payments Interface (UPI) and wallets like Paytm, PhonePe, and Amazon have become integral to our daily transactions. Whether it’s paying for groceries, bills, or other expenses, we rely on these platforms regularly. However, a common complaint among users is the limited flexibility in using wallet funds for UPI … Read more
[ NEW DELHI: The Reserve Bank of India will likely keep interest rates unchanged Friday, with chances of an early cut fading after the government warned of a coming heatwave and the economy grew faster than expected.The central bank will likely keep its benchmark repurchase rate at 6.5% for a seventh straight policy meeting, according … Read more
