RBI withdraws over 100 needless circulars on RRA's recommendations
Nov 19, 2021, at 12:10 am
Mumbai/IBNS: Reserve Bank of India withdrew over 100 needless circulars affirming the Regulations Review Authority (RRA) recommendations on Tuesday.
RBI Governor asks banks to strengthen grievance redressal mechanism
Nov 17, 2021, at 05:51 pm
Mumbai/UNI: Reserve Bank of India (RBI) Governor Shaktikanta Das Tuesday urged banks to revamp and strengthen their grievance redressal mechanisms to minimise the escalation of grievances to the central bank ombudsman.
Low-rate regime is the need of the hour to boost recovery: EEPC India Chairman
Oct 08, 2021, at 07:26 pm
Kolkata/IBNS: The low-rate regime is the need of the hour to boost recovery and the Reserve Bank of India has done a good job by keeping the repo rates unchanged at four percent besides keeping the stance accommodative, said the Chairman of EEPC (Engineering Export Promotion Council) Mahesh Desai.
RBI cautions against online buying and selling of old bank notes and coins
Aug 05, 2021, at 03:07 am
Mumbai/IBNS: The Reserve Bank of India (RBI) has warned people on Wednesday against fraudsters using Reserve Bank of India's name and logo to seek charges, and commission or taxes from the public in online transactions of buying and selling old bank coins and notes.
Reserve Bank of India issues new guidelines for tenure of bank CEOs, MD
Apr 27, 2021, at 04:17 am
Mumbai/UNI: Reserve Bank of India on Monday issued certain guidelines for the governance of banks, including private banks, Small Finance Banks (SFBs) and Wholly Owned Subsidiaries of Foreign Banks.
RBI stops Diners Club and American Express from making new credit card customers from May 1
Apr 24, 2021, at 04:03 am
Mumbai/IBNS: Reserve Bank of India (RBI) has banned credit card companies Diners Club International and American Express from making new customers in India from May 1, 2021.
Apr 07, 2021, at 05:01 pm
Mumbai/UNI: Following a spurt in Coronavirus cases and the imposition of fresh restrictions to check the virus spread, the Reserve Bank of India (RBI) on Wednesday decided to maintain the status-quo on the benchmark repo rate — the rate at which the central bank lends short-term funds to banks — at four per cent.
No plan to pull out old series 100, 10 and 5 rupee notes: RBI
Jan 25, 2021, at 11:05 pm
New Delhi/UNI: The Reserve Bank of India (RBI) on Monday clarified that it has no plan to withdraw old series banknotes of Rs 100, Rs 10 and Rs 5.
RBI can consider idea of bad bank: Governor Shaktikanta Das
Jan 17, 2021, at 03:33 am
New Delhi/UNI: The Reserve Bank of India would consider the idea of a bad bank if there is any such proposal, Governor Shaktikanta Das said on Saturday.
RBI warns people against unauthorised digital lending platforms and mobile apps
Dec 28, 2020, at 09:22 pm
Hamirpur (HP)/UNI: The Reserve Bank of India has warned people against the unauthorised Digital Lending Platforms and Mobile Apps.
MPC voted unanimously to keep the policy repo rate unchanged at 4%: RBI Guv Das
Dec 04, 2020, at 03:53 pm
New Delhi: Reserve Bank of India Governor Shaktikanta Das on Friday said the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate unchanged at 4 per cent.
Industry welcome RBI's decision to keep lending rates unchanged
Oct 10, 2020, at 12:51 am
New Delhi: Different Indian organizations on Friday welcomed the Reserve Bank of India's decision to keep repo rate and reverse repo rate unchanged.
Supreme Court allows Centre one more week to submit loan moratorium plan
Sep 29, 2020, at 06:26 am
New Delhi/IBNS: The Supreme Court on Monday extended the deadline to fix a moratorium plan to ease the burden on borrowers during the prevailing coronavirus crisis, said media reports.
Sep 12, 2020, at 12:10 am
Mumbai/UNI/IBNS: Yes Bank has fully repaid Rs 50,000 crore to Reserve Bank of India (RBI), it borrowed under the SLF (Special Liquidity Facility) amid the crisis faced last year, well ahead of time, Yes Bank Chairman Sunil Mehta has said in the bank's Annual General Meeting on Thursday, adding that the private lender's revival marks the first successful reconstruction scheme led by banks in India’s banking history,
Aug 28, 2020, at 12:57 am
Mumbai/IBNS: The Reserve Bank of India’s (RBI) framework for Covid-19 solutions is well thought and taken after due consultations, Governor Shaktikanta Das said Thursday, adding that the central bank’s response to COVID-19 is unprecedented.
RBI's one-time loan restructuring plan plugs the past gaps: Experts
Aug 27, 2020, at 03:37 am
Kolkata/IBNS: The current loan restructuring package by the Reserve Bank of India(RBI) with proper timelines mentioned in the guidelines has plugged all the gaps that were there previously, said Partha Pratim Sengupta, Managing Director & CEO, Indian Overseas Bank.
New measures to restructure loans by banks a 'durable' resolution says RBI Governor
Aug 25, 2020, at 04:25 am
Mumbai/IBNS: Ahead of the expiry of the six-month loan repayment freeze on August 31, Reserve Bank of India Governor Shakti Kanta Das in an interview to CNBC Awaz said the new measures introduced to enable the banks to restructure loans will provide a "durable" resolution to the businesses constrained for money due to Covid-19, save jobs and in turn revive the economy, said a Bloomberg report.
Aug 15, 2020, at 05:47 am
Mumbai/IBNS: The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of Rs 57,128 crore to the government for the accounting year 2019-20 (July-June).
Reserve Bank of India tightens corporate governance norms for core investment companies
Aug 14, 2020, at 11:14 pm
Mumbai/UNI: The Reserve Bank of India (RBI) has released a revised set of guidelines for core investment companies (CICs), tightening corporate governance and disclosure norms for these entities.
RBI announces Rs 50,000 crore special liquidity facility for Mutual Fund
Apr 27, 2020, at 10:19 am
New Delhi/IBNS: The Reserve Bank of India on Monday announced it has opened a special liquidity facility worth Rs 50,000 crore for Mutual Funds.
Reserve Bank of India reduces timing of debt, currency market
Apr 04, 2020, at 12:44 pm
Mumbai/UNI: In view of the lockdown following the outbreak of coronavirus, the Reserve Bank of India (RBI) has reduced the trading hours of debt as well as currency markets from April 7.
Repo rate slashed by 75 basis points to 4.4 percent: RBI Guv
Mar 27, 2020, at 10:24 am
Mumbai/IBNS: The Reserve Bank of India on Friday announced that repo rate has been slashed by 75 basis points to 4.4 percent.
Indian economy is not immune to COVID19 pandemic: RBI Guv Shaktikanta Das
Mar 16, 2020, at 06:38 pm
New Delhi/IBNS: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said India is not immune to the COVID 19 infection and the country's economy will be impacted along with global economies due to it.
Depositors money is safe in any bank: Reserve Bank of India
Mar 08, 2020, at 05:27 pm
Mumbai/IBNS: The Reserve Bank of India on Sunday assured that people should not panic as there is no such concern about safety of their deposits in any bank.
RBI cancels Vodafone M-Pesa certificate
Jan 21, 2020, at 05:48 pm
Mumbai/UNI: The Reserve Bank of India (RBI) on Tuesday cancelled the certificate of Vodafone’s mobile phone-based banking service M-Pesa Limited due to voluntary surrender of authorisation.
PMC Bank Issue: Reserve Bank of India files affidavit in Bombay High Court
Nov 19, 2019, at 05:43 pm
Mumbai/UNI: The Reserve Bank of India on Tuesday filed a detailed affidavit in the Bombay High Court during the hearing of number of petitions filed by the depositors of the Punjab & Maharashtra Co-operative Bank (PMC), challenging the limit imposed by it on the withdrawal of money.
PMC Bank: RBI raises withdrawal limit for customers to Rs. 50,000
Nov 05, 2019, at 06:35 pm
Mumbai/IBNS: Giving relief to customers of trouble-torn Punjab and Maharashtra Co-Operative Bank or PMC Bank, the Reserve Bank of India on Tuesday raised the withdrawal limit for account holders to Rs. 50,000.
RBI imposes restrictions on PMC bank; depositors under panic
Sep 24, 2019, at 06:02 pm
New Delhi: Tension is running high among the depositors of Punjab and Maharashtra Cooperative Bank(PMC Bank) after Reserve Bank of India restricted withdrawal of funds from their accounts, due to some irregularities committed by the bank.
Reserve Bank of India to transfer Rs. 1,76,051 crore to government
Aug 27, 2019, at 09:01 am
New Delhi, Aug 27 (IBNS): The Reserve Bank of India on Monday announced it has accepted the recommendations of Bimal Jalan Committee following which it approved surplus transfer to the Centre.
Reserve Bank of India imposes penalty of Rs 2 cr on Allahabad Bank
Aug 02, 2019, at 03:31 pm
Mumbai, Aug 2 (UNI) Reserve Bank of India has imposed a penalty of Rs 2 crore on Allahabad Bank.