Currency movements not guiding factors for monetary policy: Shaktikanta Das Reserve Bank of India Governor Shaktikanta Das on Friday said that currency movements are not the guiding factors for monetary policy decisions. He said currency management is the domain of RBI and that it will deploy all the appropriate measures on the same. The Monetary Policy ...

NPS subscribers: Govt, corporate NPS subscribers can continue with existing investment after resignation or retirement [ad_1] NPS subscribers must apply for Inter Sector Shifting (ISS) after leaving their employment on account of resignation or retirement by sending a request to the Central Record Keeping Agency (CRA) System. The Pension Fund Regulatory and Development Authority (PFRDA) circular dated September 29, 2022 ...

Regulations for offline payment aggregators to be same as online peers: RBI Offline payment aggregators (PAs) who aid in face-to-face transactions at merchant outlets will now come under the regulatory purview of RBI, Governor Shaktikanta Das announced on Friday. “Keeping in view the similar nature of activities undertaken by online and offline PAs, it is proposed to ...

Tourist attractions in Arunachal Pradesh, costs involved [ad_1] [ad_2]

RBI to publish paper on expected loss-based approach for loan provisioning The Reserve Bank of India (RBI) wants banks to adopt the expected credit loss (ECL) regime for provisioning of loan assets and it will shortly come out with a discussion paper on the transition, said Governor Shaktikanta Das on Friday. Banks in India are currently required ...

SCSS Interest rate: Senior Citizens’ Savings Scheme: Govt clarifies on interest rate payable after death of SCSS account holder [ad_1] The Ministry of Finance, said in a press release issued on September 29, 2022, that it has been observed that when a Senior Citizens’ Savings Scheme (SCSS) account holder passes away, the operating agencies close the account and consider it ...

More rate hikes, eye on rupee: How experts interpret RBI’s 50-bps rate hike The Reserve Bank of India (RBI) governor, Shaktikanta Das’, reiteration that the Indian economy remains resilient in the face of a third global shock, boosted investor sentiment on Dalal Street. Besides, the Monetary Policy Committee’s (MPC’s) 50-basis point (bps) rate hike, in-line with expectations, cheered investors. ...

Offline payments aggregators can’t store your debit, credit card details now [ad_1] Offline payment aggregators such as those entities aggregating offline credit and debit card payments e.g swipes at physical merchant stores, will now be subject to the same government rules as applicable to online payment aggregators. Offline payments means those payments where both merchant and customers are present to ...

RBI Policy: Repo rate up by 50 bps to 5.9%; accommodative stance withdrawn The Reserve Bak of India (RBI) raised the policy repo rate by 50 basis points (bsp) to 5.9 per cent in its monetary policy review. This is the fourth hike in repo rate in the current financial year. In its Monetary Policy Committee meeting (MPC), the ...

PSBs asked to expedite recruitment, fill vacancies in time-bound manner The finance ministry has asked public sector banks (PSBs) to expedite the process of filling pending vacancies, sources said. The ministry had reviewed the vacancies in PSBs earlier this month and advised them to take action to fill them. Finance Minister Nirmala Sitharaman on Tuesday had ...