♦ SBI has reduced retail term deposits (less than Rs.2 crore) by 10 to 50 bps for a few tenors. Please enable JavaScript to view the site. Highlights: Under this, individual investment advisors cannot provide distribution services to clients. The validity of the directive dated 23 September 2019, stands modified from 23 March 2020 to 22 June 2020. National Bank for Agriculture and Rural Development (NABARD) sanctioned an amount of Rs.400.64 crore to the Union Territory of Jammu & Kashmir during the current financial year. In your state, your surviving spouse may not be permitted quick access to the box. Established on: 23 August 2015 ♦ Also, the banks have initiated a programme for Kisan credit cards and around 12 lakh new KCC cards have been issued by co-operative banks and RRBs in April 2020. ♦ Under the new product, an additional 30 bps premium will be payable for senior citizen's retail term deposits with Five Years and above tenure only. ADB aims to promote social and economic development in Asia. RBI also stated that it would not hesitate to persist with LTROs to infuse long-term rupee liquidity, amounting to Rs.1 lakh crore. Covid - 19's Adverse Effect on REPO Points Chairman: Hasmukh Adhia The banks sought to defer the merger schemes of lenders due to the lockdown triggered by coronavirus outbreak. Short-term refinance is essentially production credit, and long-term refinance aimed at supporting sectors like dairy, poultry, fishery, farm mechanization, irrigation, and non-farm sectors, etc. Discover Deloitte and learn more about our people and culture. ♦ It is expected that improved mobility will expand development and livelihood opportunities outside Maharashtra urban centers to second-tier cities and towns. ♦ The officials discussed the issues faced by the taxpayers in the GST system. This intensified the redemption pressures related to the closure of some debt mutual funds and potential contagious effects. And you can't predict stock market swoons or huge rallies. Now, the cooperative banks will have to comply with these rules. Futures Tilt Higher; Tesla, Align Among Key Earnings Movers, make a living will and advance medical directive. The counter-cyclical capital buffer framework was introduced by RBI in 2015. Highlights: ♦ The construction of roads and bridges will provide all-weather improved connectivity to 461 remote villages. It aims to counterbalance the domestic liquidity effects of the swap and to improve monetary policy transmission further. ♦ Tier-I capital will remain the same as that prescribed for computation of capital adequacy of UCBs. The Government of India and the Asian Development Bank (ADB) signed a $1.5 billion loan that will support the government's response to the novel coronavirus disease (COVID-19) pandemic. Reserve Bank of India (RBI) revised exposure limits for urban cooperative banks (UCBs) to a single borrower and a group of borrowers to 15% and 25%, respectively, of tier-I capital. Find out how closed-end funds offer distinctive strategies that may be best suited for diversifying assets and risks. When people are searching the web for current events summaries they can trust, they almost always end up on Infoplease.com. It aims to enable the state governments to tide over the situation arising from the outbreak of the COVID-19 pandemic. You are entitled to a free copy once every 12 months from each of the three major national credit bureaus. Highlights: Based on the recommendation of Dr. K.C. SBI Wecare Deposit: Through our research, roundtables, and other forms of engagement, we seek to be a trusted source for relevant, timely, and reliable insights.

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