Urjit Patel by Kushal Soni - 6 year ago | 5474 Current RBI governor replacing Raghuram Rajan... PhD at Yale university, jovial in nature and high capabilities as an economist. He is a macroeconomist, but as an IMF economist, he has been trained to go beyond the boundaries of macroeconomic policy. 5 0
Concept of Payments Bank by Kushal Soni - 6 year ago | 3350 Payment banks are those which undertake restricted banking functions. This Functions can be like issuing debit cards, offering internet banking, but cannot offer loans or credit cards. The banks can only accept deposits of up to INR 1 lakh per account. Read more 1 0
Things you should know about IMPS, RTGS and NEFT by Jigar Solanki - 5 year ago | 4538 IMPS is an immediate payment service. It includes internet banking, mobile banking, etc. It is 24X7 and the upper limit varies from bank to bank. But it is around 100000/day. In NEFT the transfer is not immediate. It is done in batches. Read more 0 0
RBI vs Bad Loans by krutika zala - 5 year ago | 2356 To resolve the bad loan problem plaguing the banking sector, the Reserve Bank of India (RBI) outlined the further steps. It plans to take, the oversight committee (OC) and its mandate, modifying existing debt recast rules, and engaging rating agencies for timely action. The central bank will reconstitute the OC and expand the panel to include more members. Read more 0 0