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RBI directs banks to halve dividend payouts amid 2nd Covid wave
The Reserve Bank of India (RBI) has directed the banks to restrict dividend payouts to 50 per cent in a bid to conserve capital and stay resilient.
Education loans gets cheaper starting at 6.8 percent
Education loan rates have been heading southwards since 2020. As the Reserve Bank of India (RBI) slashed repo rates by 115 basis points cumulatively...
RBI approves Piramal Group' proposed takeover of DHFL
The Reserve Bank of India (RBI) has approved the takeover of Dewan Housing Finance Corporation Ltd (DHFL) by Piramal Group.
RBI forms expert panel for Urban Co-operative Banks
The Reserve Bank of India (RBI) has constituted an expert committee under the chairmanship of it's former Deputy Governor N.S. Vishwanathan on Primary...
RBI maintains status quo on key policy rates
As part of its accommodative stance, the Reserve Bank of India (RBI) maintained status on key policy rate in its bimonthly policy review here today.
RBI releases circular on risk-based internal audit for NBFCs, UCBs
The Reserve Bank of India (RBI) on Wednesday released a circular on risk-based internal audit (RBIA) for non-banking finance companies (NBFC) and...
RBI appoints external IT firm for special audit of HDFC Bank's IT...
The Reserve Bank of India (RBI) has appointed an external professional IT firm to carry out a special audit of the entire IT infrastructure of HDFC...
PFC issues $500 mn senior unsecured dollar bonds
Power sector Non-Banking Financial Company (NBFC), Power Finance Corporation Ltd. (PFC), has raised $500 million on January 29 through issuance of...