India, ADB signed USD 60 Million loan agreement to reduce floods in Assam

India and the Asian Development Bank (ADB) signed a USD 60 million loan agreement to reduce floods and the riverbank erosion in Assam. This Tranche 2 loan is part...

RBI to introduce Ombudsman Scheme for Digital Transactions

Reserve Bank of India (RBI) has announced to introduce 'Ombudsman Scheme for Digital Transactions' to provide cost-free mechanism to redress grievances of customers related to digital transactions. The scheme...

Net stable funding ratio (NSFR) norms for banks to be operational from April, 2020

RBI announced the date of its implementation of the Net Stable Funding Ration (NSFR) norms to be from April 1, 2020. In the backdrop of global crises since 2007,...

Induslnd Bank launched India’s first interactive credit card named ‘Nexxt Credit Card’

IndusInd Bank has launched Nexxt Credit Card which is India’s first Interactive card with buttons. The main feature of this card is that it provides customer the choice of...

RBI liberalised norms governing external commercial borrowings for infrastructure creation

Reserve Bank of India liberalised the rules governing external commercial borrowing for infrastructure firms in terms of both tenure and the hedging requirements. External commercial borrowing (ECBs) are loans...

RBI set up digital Public Credit Registry (PCR) to capture details of all borrowers

Reserve Bank of India (RBI) has initiated steps to set up wide-based digital Public Credit Registry (PCR) to capture loan information of individuals and corporate borrowers. In this regard,...

SBI will issue and encash electoral bonds

The Government of India has notified the sale of electoral bond by SBI through its 29 authorized branches from 1.11.2018 to 10.11.2018. 29. These SBI branches are in cities...

आयडीएफसी बँकेचे नाव बदलून आयडीएफसी फर्स्ट बँक असे होणार

नॉन-बँकिंग वित्तीय कंपनी कॅपिटल फर्स्ट सोबत आपल्या एकत्रीकरण नंतर 25 ऑक्टोबर 2018 रोजी आयडीएफसी बँकाने आपले नाव 'आयडीएफसी फर्स्ट बँक लिमिटेड' मध्ये बदलणे प्रस्तावित केले. आयडीएफसी बँकेच्या संचालक मंडळाच्या...

Govt. opened new series of sovereign gold bonds scheme

Union Government has opened a new series of sovereign gold bonds scheme for subscription. Under this scheme, sovereign gold bonds will be issued every month from October 2018 to...

World Bank launched first Human Capital Index

The World Bank launched its first human capital index in Bali, Indonesia as part of it annual meetings with the International Monetary Fund. The index ranks countries based on...

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