RBI liberalises norms for the Gold Monetisation Scheme

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) from their branches. This underscores the intent of the RBI to make ..

Jyske Bank launchs world’s first negative interest rate mortgage

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% a year. Under its negative mortgage, borrowers will pay the usual EMI ..

Union Government starts registration for Pradhan Mantri Kisan Maan-Dhan Yojana

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 the country. This scheme for farmers has been announced in the Union ..

India’s first health-focused credit card launched by RBL Bank

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 on both Practo and RBL mobile apps and websites. It offers benefits ..

PM Kisan Maan Dhan Yojana

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 is voluntary and contribution-based for farmers in the entry age group of ..

Usha Thorat heads RBI task force on Offshore Rupee Markets

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 may be suitably extended to match the flexibility provided by the offshore ..