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RBI New KYC Norms Aadhaar Mandatory to open bank account

RBI new KYC Norms : Aadhaar Mandatory to open Bank Account

The Reserve Bank of India (RBI) has made Aadhaar Mandatory to open a bank account under new Know Your Customer (KYC) Norms. However, it...
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RBI Circular : Relief for MSME Borrowers registered under GST

Relief for MSME Borrowers registered under Goods and Services Tax (GST) : Presently, banks and NBFCs in India generally classify a loan account as...
Rationalisation of MDR on Debit Card Transactions

RBI to rationalise Mechant Discount Rate (MDR) on debit card transactions

The Reserve Bank of India (RBI) today said that it has decided to rationalise the MDR (Merchant Discount Rate) for debit card transactions with...
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Conversion of debt into equity by ARCs – Review

Securitisation Companies / Reconstruction Companies (SC/RCs) are permitted to convert a portion of debt into shares of the borrower company as a measure of...
Suno RBI kya kehta hai - awareness campaign against fake offers

Suno RBI Kya Kehta Hai – an Awareness Campaign against fake...

Suno RBI Kya Kehta Hai – an awareness campaign against fake offers to be launched very soon by Reserve Bank of India. RBI will...
DAY NRLM Interest Subvention Scheme for year 2017-18

DAY NRLM Aajeevika- Interest subvention scheme for Women SHGs 2017-18

RBI has issued revised guidelines on interest subvention scheme under DAY NRLM, as received from the Ministry of Rural Development for implementation by 21...

Sovereign Gold Bond Issue 2017-18 Series III – Announcement

Government of India has announced to launch Sovereign Gold Bond Scheme 2017-18 on October 9, 2017. Under the scheme SGBs, The Bonds will be...

RBI notified Interest Subvention Scheme for Short Term Crop Loans for...

RBI released notification regarding "Interest Subvention Scheme for Short Term Crop Loans during the year 2017-18". RBI/2017-18/48 FIDD.CO.FSD.BC.No.14/05.02.001/2017-18 August 16, 2017 The Chairman / Managing Director & CEOs All...
RBI introduces new rs 50 banknote , features and images

RBI Introduces new Rs 50 banknote , features, images, here’s how...

RBI will shortly issue new Rs 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve...