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Tag Archives: RBI

Amazon India Gets RBI Nod For Mobile Wallet

New Delhi: Online marketplace Amazon India has secured a licence to operate prepaid payment instrument (PPI) or mobile wallet in the country as it tries to compete more aggressively against rivals Snapdeal and Paytm. The approval will help the US-based giant to cash in on the booming digital payments market in India. “We are pleased to receive our PPI license ... Read More »

RBI proposes wholesale, long-term finance banks

The Reserve Bank of India (RBI) on Friday proposed to float wholesale and long-term finance (WLTF) banks that would fund long-term high-value projects — something similar to the development finance institutions (DFIs) of the past. “Going forward, considering the existing landscape of banking and non-banking services in the country, it is felt that there is a need to explore the ... Read More »

Who Will Replace Raghuram Rajan At RBI?

Raghuram Rajan has said he will not be seeking a second term at RBI NEW DELHI:  HIGHLIGHTS Raghuram Rajan will not be seeking second term at RBI Finance Minister said government will name successor soon RBI deputy governor Urjit Patel in list of 7 potential successors RBI governor Raghuram Rajan stunned government officials and investors on Saturday by announcing he ... Read More »

Ujjivan Falls As RBI Restricts Foreign Investors From Buying Shares

Shares of non-banking finance company- Ujjivan Financial Services fell as much as 5 per cent to hit intraday low of Rs 372.55 after the Reserve Bank of India restricted foreign institutional investors from buying its shares. The Reserve Bank of India has put Ujjivan Financial Services on its ban list for foreign investment, which means overseas investors will not be ... Read More »

RBI allows 90% loan to fee ratio on domestic loans as much as Rs30 lakh

RBI’s pass comes inside the wake of a central authority plan, referred to as Housing for All, to construct20 million homes for the city bad via 2022, which coincides with 75 years of independence. photograph: Bloomberg Mumbai: The Reserve bank of India (RBI) on Thursday multiplied the quantity banks can increase for aproperty purchase and also decreased the so-referred to ... Read More »