Foreign Items Explained: Interbank Checks and Drafts

Foreign items are financial checks or drafts drawn on a different institution than where they are deposited. Learn about ...

RBI invites comments on draft rules for dividend payout by banks

Based on stakeholder feedback and consultations received thereafter, the RBI has now issued fresh draft Directions proposing a new methodology for computing the maximum eligible dividend payout. These ...
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Gold loan rules: 9 crucial proposals made by RBI in the draft guidelines and how they may impact your borrowing

The Reserve Bank of India (RBI) has issued draft guidelines outlining the procedures for banks and non-banking financial companies (NBFCs) to issue gold loans to individuals. The draft guidelines seek ...

Bank Endorsement Explained: Guarantee Types and How They Work

Discover what a bank endorsement is, how it guarantees payment for negotiable instruments like letters of credit, and its types used in international trade.
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RBI proposes revised framework for bank dividend, profit remittance

The RBI has invited public comments on fresh draft directions proposing a revised framework for bank dividends. The draft ...
Rediff Money

RBI Caps Bank Dividend Payout at 75% of PAT

RBI proposes capping bank dividend payouts at 75% of PAT. New norms for dividend declaration and profit remittance. Details ...