Back

Anonymous

Anonymous

Hey I am on Medial • 2m

What restrictions has RBI imposed? on new india coopetative bank The RBI has prohibited the bank from: Granting or renewing loans and advances Making fresh investments Borrowing funds or accepting new deposits Disbursing payments except for essential expenses such as salaries, rent, and utility bills Selling, transferring, or disposing of its assets without prior RBI approval In addition, the bank has been directed not to allow any withdrawals from savings or current accounts. However, depositors will be entitled to claim up to Rs 5,00,000 under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme.

0 replies4 likes

More like this

Recommendations from Medial

Image Description

Atharva Deshmukh

Daily Learnings... • 10m

Brief History of RBI The Reserve Bank of India (RBI) was established on April 1, 1935, based on the Hilton Young Commission's recommendations and the Reserve Bank of India Act, 1934. Initially, the RBI took over the functions of the Controller of

See More
2 replies10 likes

Vikram Kumar

Founder at Stockware • 6m

Navi Finserv Ordered to Cease Loan Disbursement by RBI 🚨 In a recent development, Navi Finserv, the NBFC arm of Sachin Bansal’s Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa

See More
0 replies2 likes
Image Description

Sanket Jadyar

Keep it up and do yo... • 10m

The Reserve Bank of India (RBI) announced on Friday that it has kept the benchmark repo rate unchanged at 6.5% for the eighth consecutive time. What exactly is repo rate? How does it affect you?

1 replies5 likes

ujarla vinay

Thinker • 1m

if anyone has corporate bank account of closed startup or failed pls contact me

0 replies3 likes
Image Description

DK

 • 

Ride • 10m

Opened a start-up current account with Yes Bank. Out of service area so the RM has to get permission from head office. Yesterday RM called saying RBI has frozen the account because allegedly they called me to verify and I said "we never applied for

See More
3 replies6 likes

gray man

I'm just a normal gu... • 9d

BharatPe announced today that its subsidiary, Resilient Payments Private Limited, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA). With this approval, the company stated that it is now

See More
0 replies10 likes
Image Description
Image Description

mg

News & updates • 1m

Important RBI rules for credit cards Bank can't charge joining fee if customer has not activated their credit card CC should be automatically closed if not used for more than a year Rs 100 compensation per day for delay in closure of credit cards

See More
2 replies18 likes
2

gray man

I'm just a normal gu... • 9d

The Reserve Bank of India (RBI) has announced that it will soon revise the transaction limits for Unified Payments Interface (UPI) payments made to merchants, also known as person-to-merchant (P2M) transactions. This move is aimed at enhancing the ef

See More
0 replies15 likes

Muttu Havalagi

šŸŽ„-šŸŽµ-šŸ-⚽ "Finding ... • 2m

RBI Increases Gold Purchases The Reserve Bank of India has significantly increased its gold purchases, buying 50 tonnes so far in FY25. This move aims to diversify its foreign exchange reserves and mitigate revaluation risks, as part of efforts to m

See More
0 replies7 likes

Atharva Deshmukh

Daily Learnings... • 10m

About Rates in the market... To strike a balance in market, the RBI has to consider all economic factors and carefully set the key rates. Any imbalance in these rates can lead to economic chaos: 1)Repo Rate:-The rate at which RBI lends money to oth

See More
0 replies5 likes
1

Download the medial app to read full posts, comements and news.