Draft guidelines for standard health product issued by IRDAI

Insurance Regulatory and Development Authority of India(IRDAI) had issued the draft guidelines for Standard Health Product.The Guidelines on Standard Health Product are issued under the provisions of Section 34...

SBI Ecowrap report recommended unconditional cash transfer to farmers

The SBI Ecowrap Report recommends the government to opt for the Unconditional Cash Transfer to farmers to alleviate agrarian distress rather than the Universal Basic Income (UBI) scheme. Currently, it...

PSU banks to bring down govt equity to 52%

The Finance Ministry has asked the public sector banks to gradually reduce the government’s equity to 52 per cent. Currently, some of the public sector banks have government’s holding...

RBI Constituted Nilekani Panel to strengthen the Digital Payments Ecosystem

The Reserve Bank of India (RBI) has constituted a high-level committee under Nandan Nilekani to suggest measures to strengthen the safety and security of digital payments in the country.Nandan...

RBI formed UK sinha committee to suggest long-term solutions for the MSME sector

The Reserve Bank of India (RBI) set up an expert committee under former Sebi chairman U.K. Sinha to suggest long-term solutions for the economic and financial sustainability of the...

Complaints with bank ombudsman increased 25% in FY18: RBI Report

According to the RBI Report on Trend and Progress of Banking in India, number of complaints registered at banking ombudsman offices has increased to 25% owing to increased awareness...

RBI launched SRPHi

The Reserve Bank of India (RBI) has launched Survey on Retail Payment Habits of Individuals (SRPHi). The Survey will capture payment habits of individuals in cities of Delhi, Mumbai,...

Cabinet Approved Merger of Vijaya Bank & Dena Bank With Bank of Baroda

The cabinet has approved the merger of Vijaya Bank & Dena Bank with Bank of Baroda. After this merger, Bank of Baroda will become the third biggest public sector...

RBI constituted Expert Committee headed by Bimal Jalan on Economic Capital Framework

The Reserve Bank of India (RBI), in consultation with the Union Government constituted an Expert Committee on Economic Capital Framework. The Committee will be headed by Bimal Jalan, while,...

RBI Shortlisted TCS, Wipro, IBM, 3 Others For Setting Up PCR

The Reserve Bank of India has shortlisted six major IT companies, including TCS, Wipro and IBM India, to set up a wide-based digital Public Credit Registry (PCR) for capturing...

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