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Shaktikanta Das said that many lenders were depending too much on the algorithms to make their decisions and there was a need to analyze data more carefully before making investment decisions

RBI Governor expresses concern over high dependence of NBFCs on bank loans

PGurus Newsdesk - November 22, 2023 0

The prospects are at a new high in the country and this is the time to make it India’s moment, says RBI Governor Addressing the...

RBI's action to raise risk weights for unsecured loans dampened banking stocks caused a temporary disruption in the broader indices' resurgence

Nifty bank indices down after RBI raises weightage on unsecured loans

PGurus Newsdesk - November 17, 2023 0

SBI, Bajaj Finance, HDFC Bank, Axis Bank, other financials fall after RBI tightens consumer loan norms Nifty PSU Bank and Nifty Bank fueled pessimism in...

Investment demand appears to be resilient with the government’s infrastructure spending, an uptick in private capex, automation, digitalization, and indigenization providing a boost

India’s GDP growth expected to accelerate in Q3 of 2023-24: RBI bulletin

PGurus Newsdesk - November 16, 2023 1

GDP growth expected to accelerate in Q3 of 2023-24 The momentum of India's GDP growth is sequentially expected to be higher in Q3:2023-24, "with festival...

The supervisory restrictions will be reviewed upon the rectification of the said deficiencies to the satisfaction of RBI

RBI directs Bajaj Finance to stop sanction, disbursal of loans under two lending products

PGurus Newsdesk - November 16, 2023 1

RBI asks Bajaj Finance to stop lending via 'eCOM' and 'Insta EMI Card' products Exercising its powers under section 45L(1)(b) of the Reserve Bank of...

Penalty imposed on Shree Lodra Nagarik Sahakari Bank Ltd, Malpur Nagarik Sahakari Bank Ltd and Limbasi Urban Co-operative Bank Ltd

RBI imposes fine on 3 Gujarat banks for violating norms

PGurus Newsdesk - November 7, 2023 0

RBI action taken against the banks is based on deficiencies in regulatory compliance The Reserve Bank of India (RBI) has imposed monetary penalties on three...

BRO personnel completed the formidable task and created history by expanding road connectivity up to the Amarnath cave shrine

Road to Amarnath cave shrine sparks a fresh debate over disturbing fragile ecosystems in...

Chandra Maurya - November 7, 2023 0

Slugfest over the Amarnath Yatra route An engineering feat achieved by the Border Roads Organization (BRO) by way of completing the road widening work up...

People can avail the facility of sending the Rs.2000 banknotes through post offices of India Post

Total value of Rs.2000 notes in circulation drop to Rs.0.1 lakh crore: RBI

PGurus Newsdesk - November 2, 2023 0

RBI reveals over 97% of Rs.2000 notes returned, Rs.10,000 cr worth notes still in circulation The Reserve Bank of India (RBI) has said that the...

Bank Bachao Desh Bachao Manch, a forum representing various sections of civil society, is seeking ways to combat Aadhar card-related bank fraud

Civil society forum writes to Governor of RBI seeking information security auditors system for...

PGurus Newsdesk - October 15, 2023 1

Forum asks RBI Governor Shaktikanta Das for bank security auditors Given the rising number of incidents involving online bank frauds due to the misuse of biometrics...

A special scrutiny report and a comprehensive system audit report has revealed non-compliance with norms by Paytm Payments Bank

RBI imposes fine on Paytm Payments Bank for breach of norms

PGurus Newsdesk - October 13, 2023 0

RBI slaps Rs.5.4 cr fine on Paytm Payments Bank over non-compliance of guidelines related to KYC, cybersecurity Paytm Payments Bank has been imposed with a...