The Housing Development Finance Corporation Bank finally took a breath of relief when Reserve Bank of India gave permission to raise as much as Rs. 3000 crores through the help of masala bonds. Such bonds are ways to raise capital in overseas but in Indian denomination rather than in local currency. Although the bank had already exceeded the limit of …

The mobile payment aggregator Paytm is all set to separate its e-wallet and e-commerce segments as it will merge the payment section with Paytm Payment Bank in which the founder may possess 51% of the stakes out of total shares in Paytm which is owned by One97 Communication Ltd under the supervision of Vijay Shekhar. A few days back RBI …

As if the demonetisation move wasn’t enough to cause for concern, the ordinary citizen is now learning that the new Rs. 500 notes, introduced weeks ago to replace the scrapped ones, have defects. Early reports suggest that two different versions of the same currency note have surfaced with discrepancies in design, size and even shape. In addition to further adding …

One of the highly speculated bans of 500 and 1000 rupee note eventually being exchanged through banks and post offices comes with another bag full of surprise. 1000 rupee note, which was declared to be totally discarded and unused for future legal trade might make a comeback. Definitely a sigh of relief among the commoners, the 1000 rupee note will …

RBI governor Duvvuri Subbarao has penned a memoir titled Who Moved My Interest Rate?,which will be a welcome addition to the barrage of non-fiction and self-help books on the market for a number of reasons. Subbarao, who served his tenure between 2008-2013 at the RBI, has written about how the Congress-led UPA government has often overstepped its boundaries, delving into …

After the much talked about stepping down of Governor of RBI Raghuram Rajan preceded to its resignation, many deserving candidates were listed as his successor. The center named few noted names of renowned firms which is still under speculation. In the midst of all this, Deputy Governor of RBI got appointed. The accredited candidate is nonetheless N S Vishwanathan. The …

Reserve Bank of India has simplified the process of NBFC (Non-Banking Financial companies) registration. Now opening an NBFC becomes easy after RBI has reduced the number of papers from 45 to 8. That’s why the formalities of submitting papers have come down. Now anyone can submit all the documents online, and if you wanna submit online, then the new applications …

Attack after attack is launched on RBI governor, Mr. Rajan. Now BJP legislator Subramanian Swamy has written an open letter to Indian Prime Minister Narendra Modi advising that he consider canceling the appointment of Reserve Bank Governor Raghuram Rajan effective quickly or when his term ends in September of this year, 2016. In his letter to the PM, dated yesterday, …

As per latest data, transitions of fake Indian currency has increased within three years. The currency amount mostly include 100 INR and 1000 INR, respectively. The total amount found was worth 29.6 crores INR . Though 500 INR fake note transactions have been decreased for few years. The alarming situation came in to being when various banks in India took …