Srei Equipment Finance, Bank of Baroda to co-lend through iQuippo platform

Loans to benefit B2B, B2C segments through product cross-selling Kolkata: Srei Equipment Finance Limited (“SEFL”), a wholly-owned subsidiary of Srei Infrastructure Finance Limited (“Srei”), and Bank of Baroda, India’s second largest public sector bank, today announced a strategic alliance to offer joint loans for infrastructure equipment under a co-lending arrangement. iQuippo, a Kanoria Foundation initiative, […]

Read More

RBI Lowers its Repo Rate by 25 Basis Points

Bhubaneswar/New Delhi: The Monetary Policy Committee (MPC) of RBI has decided to lower down its key policy rate, that is, the repo rate — by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect. This will be counted as the first policy of the new RBI Governor Shaktikanta Das, who […]

RBI Lifts Lending Curbs on Three Banks

Bhubaneswar/ Mumbai: For meeting the demand of the Central Government for boosting credit growth the Reserve Bank of India lifted the lending curbs on three out of 11 weak banks under the new governorship of Shaktikanta Das. Bank of India (BoI), Bank of Maharashtra (BoM) and Oriental Bank of Commerce (OBC) are now removed from the […]

RBI Says to Paytm to Restart KYC Process

Mumbai: The Reserve Bank of India (RBI) today approved the Paytm Payments Bank Ltd to restart its KYC process and to open fresh accounts for its customers. The central bank had previously ordered the Paytm Payments Bank to stop the KYC process and also not to open new accounts and e-wallets for its customer due […]

RBI: New Rs.20 Currency Note Soon

New Delhi: The Reserve Bank of India (RBI) is going to introduce new 20 rupees currency note very soon with additional features, as stated in a document of the bank. The Bank had already issued the new look of the currency notes in the denomination of Rs.10, Rs.50, Rs.100, Rs.200, Rs.500 and Rs.2000. The new […]