A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
11:12 AM
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The Reserve Bank of India (RBI) has instructed banks and regulated entities to release original property documents and remove charges registered against personal loan borrowers within 30 days of full repayment. This move comes after the RBI identified divergent practices among regulated entities, leading to customer grievances.
4:13 AM
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Retail inflation in India eased in August due to lower food prices, but remained above the Reserve Bank of India's (RBI) comfort level. The consumer price index (CPI) rose 6.8% annually in August, slower than a 15-month high of 7.4% in July. Food inflation also decreased to 9.9% in August from 11.5% in July. However, experts warn that the outlook for food inflation remains uncertain due to factors such as onion prices and delayed sowing of crops.
3:10 AM
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The stressed asset space is losing its allure for international players. Arcion Revitalization, originally promoted by Apollo Global and ICICI Bank, has become the latest firm to relinquish its license for an asset reconstruction company (ARC). In January of this year, Lonestar had surrendered its ARC license. In 2020, amid the pandemic, KKR had abandoned its 'firm' intentions to establish an ARC.
7:11 PM
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The retail inflation for August dipped to 6.83% from 7.44% in July owing to reduction in prices of vegetables, data released by government showed.However, the inflation is still above the Reserve Bank of India's comfort zone threshold of 6%.In July, the inflation had skyrocketed after a sharp prices in prices of food, especially tomatoes, across the country.
4:11 PM
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