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The Reserve Bank on Tuesday asked all lending institutions, including non-banking financial companies, to ensure that the scheme of waiver of interest on interest for loans up to Rs 2 crore for the six-month moratorium period is implemented by November 5, as decided by the government.",
Mid-size private sector lender Yes Bank today said it has received approval from the Reserve Bank of India (RBI) to have presence in London and Singapore to support the diaspora business and also international trade.",
In guidelines issued in 2022, the RBI had indicated it was not in favour of such arrangements since they could encourage lenders to take on undue risk.",
According to Global Web Index’s 2019 report, an average human being spends roughly two and a half hours across social media platforms each day. With the lack of opportunities for physical interaction amidst the lockdown, the usage of social media sites has seen an 87 per cent spike in activity in India, with Indians spending anywhere between four to five hours on social media sites every day."
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Dhiraj Relli, MD & CEO at HDFC Securities said, “In a surprise meeting today, RBI announced a repo rate hike by 40 bps (to 4.4%) and an increase in the CRR rate by 50 bps. RBI is no longer behind the curve to react to rising inflation numbers. In terms of timing, it took everyone by surprise and the hike of 40 bps is higher than the market expectation of 25 bps in the June Meet. This apart, the increase in CRR by 50 bps will withdraw Rs 87,000cr liquidity in the system. Immediately on the announcement, all interest-rate sensitive stocks fell sharply including Banks, Auto, Real estate, etc. Coming ahead of the US Fed announcement due today, the RBI has taken the lead for the time being after being blamed for being behind the curve by some economists. Nifty could remain under pressure for some time.”",
Realme gave a sneak-peek into its new bright yellow-coloured fitness tracker in the Realme 5i India launch video earlier this month. Though the company has confirmed a launch soon, an exact date is still unclear. From the looks of it, the new device could be an affordable fitness band similar to the likes of Mi Band 4 and Honor Band 4 with a plastic band and rectangular display."
The 32-year-old Canberra suspect appeared in the ACT Magistrates Court on Tuesday to face five charges, including failure to stop for police and driving while suspended, the Australian Broadcasting Corporation (ABC) said, citing court documents."
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A consortium of Titagarh Rail Systems Ltd (TRSL) and state-owned Bharat Heavy Electricals Ltd (BHEL) has inked a contract with Indian Railways for manufacturing 80 Vande Bharat sleeper trains."
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