The Reserve Bank of India (RBI) has issued a notification stating that housing finance companies (HFCs) will be treated as one of the categories of Non-Banking Financial Companies...
In order to address the liquidity issues haunting the NBFC’s, the government has announced Rs 1-lakh crore Partial Guarantee Scheme for NBFCs and HFCs (non-banking and housing finance...
The Indian economy has experienced periods of slowdown, characterised by reduced GDP growth, weakening private investment, financial‐sector stress and subdued consumption. In response, NITI Aayog — the National...
The Reserve Bank of India (RBI) has liberalised the norms for Gold Monetisation Scheme and has directed all lenders to promote and publicise the Gold Monetisation Scheme (GMS)...
Denmark’s third largest, Jyske Bank has launched the world’s first negative interest rate mortgage and started to offer a10-year mortgage deals at a negative interest rate of 0.5%...
The Union Government has recently started registration for the Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) with an aim to improve the life of Small and Marginal Farmers of...
India’s first health-focused credit card has been launched by RBL Bank and digital healthcare platform Practo. The co-branded health credit card is powered by Mastercard and is available...
The Central Government has launched the PM Kisan Maan Dhan Yojana, a pension scheme for small and marginal farmers of the country. Features of the Scheme The scheme...
The RBI task force on Offshore Rupee Markets (ORM), headed by Usha Thorat, has suggested liberal currency market for offshore users. The panel recommended that onshore market hours...
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has recently announcement its 3rd bi-monthly Monetary Policy Statement for FY 20 (2019-20). In it, RBI...
The Reserve Bank of India (RBI) in its monetary policy review undertaken by the Monetary Policy Committee (MPC) has made the following decisions: RBI cuts repo rate to 5.4%...
The government has approved the issue of Sovereign Gold Bonds 2019-20 (Series III) at Rs 3,499 per gram of gold. Sovereign Gold Bonds Sovereign Gold Bonds are government...
