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RBI directions for Reporting under FDI Scheme on the e-Biz platform

Newsroom24x7

Mumbai: Reserve Bank of India today issued directions to all Category – I Authorised Dealer Banks and informed them that the financial aspects for using the Virtual Private Network (VPN) accounts obtained from National Informatics Centre (NIC) for accessing the e-Biz portal have now been finalised in consultation with Government of India, Department of Industrial Policy and Promotion (DIPP) and NIC. 230 more words

Banking

Monetizing your house after retirement and till death

We review reverse mortgage enable annuity loan scheme for senior citizens

Few weeks back we looked at reverse mortgages loan schemes. We talked about its concept and how it differs from normal mortgages. 874 more words

Personal Finance

India’s Reserve Bank Chief Hints at Major Reform Ahead

Raghuram Rajan, head of India’s central bank, recently made some statements hinting at what could be one of the most impactful reforms to the Indian economy since India’s 1991 liberalization. 247 more words

India

Bartolo Colon’s RBI single is why the Mets didn’t get swept

NEW YORK — The Mets won the last game of the series against the undefeated Atlanta Braves on Sunday. Bartolo Colon got his second win of the season in his second start and Michael Cuddyer hit his first home run on the year. 79 more words

Sports

RBI to cut repo rates?

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post. 172 more words

VGSoM Current Affairs

Reducing Interest Rates and Impact on Real Estate Prices

With the RBI giving a strong word of caution to banking institutions in the country to pass on the benefits of the recent rate cuts to the end borrowers, leading banks have gone ahead and cut there interest rates. 502 more words

Real Estate

Decoding the hidden mysteries of the Credit Card

It is not unheard of these days to hear of people falling into the credit card trap. What has perhaps made life convenient is also a potent maze. 613 more words

Credit Cards