
Safe deposit locker rules: RBI extends deadline for banks to renew agreements
RBI says since many are yet to sign revised documents, banks must complete the process in a phased manner by Dec 31, 2023.
RBI says since many are yet to sign revised documents, banks must complete the process in a phased manner by Dec 31, 2023.
FinMin last month said that to tighten the noose around platforms operating illegally, RBI will monitor ‘mule/rented’ accounts that may be used for money laundering, and will cancel dormant NBFCs.
While a majority of indices tanked today due to rate hike by RBI, LIC IPO was saved from dampening spirit of the Indian stock markets in the nick of time.
The monetary panel has decided to retain its accommodative stance from its meeting in April, with an eye accommodation withdrawal.
Governor Shaktikanta Das has said that RBI will undertake a gradual, multi-year exercise to withdraw the ₹8.5 lakh crore liquidity overhang in the economy.