RBI's deputy governor Viral Acharya resigns
Jun 24, 2019, at 09:19 am
New Delhi, June 24 (IBNS): Viral Acharya, Reserve Bank of India’s (RBI’s) youngest deputy governor post-economic liberalisation, has resigned from his position, media reports said on Monday.
RBI set up six-member committee to review ATM interchange fee structure
Jun 12, 2019, at 02:10 pm
Mumbai, Jun 12 (UNI) In a bid to give a fillip to the ATM deployment in the unbanked areas, the Reserve Bank of India (RBI) has formed a six-member committee to review the ATM interchange fee structure.
RBI to waive charges on fund transfers via RTGS, NEFT from July 1
Jun 12, 2019, at 02:01 pm
Mumbai, Jun 12 (UNI) The Reserve Bank of India (RBI) has said it will waive all charges on fund transfer through popular RTGS and NEFT systems from July 1, 2019 in order to provide an impetus to the digital fund movement.
RBI imposes fine on ZipCash, Yes Bank
Jun 12, 2019, at 01:09 pm
Mumbai, Jun 12(UNI)The Reserve Bank of India (RBI) said that it has imposed a Monetary penalty of Rs 11.25 lakh each on two prepaid payment instrument (PPI) issuers Yes Bank and ZipCash Card Services.
RBI to unveil new Rs. 20 currency notes
Apr 27, 2019, at 04:27 pm
Mumbai, Apr 27 (IBNS): The Reserve Bank of India on Saturday said it will unveil new Rs. 20 currency note.
AIBA urges Reserve Bank of India to take holistic view to merge LVB into PSBs
Apr 08, 2019, at 09:43 am
Hyderabad, Apr 8 (UNI) All India Bank Employees' Association (AIBEA) has urged Reserve Bank of India (RBI) to consider of merging Lakshmi Vilas Bank Limited (LVB) into one of the Public Sector banks instead of merging with Indiabulls Housing Finance Limited (IBH).
Mamata Banerjee wishes all employees of RBI on its foundation day
Apr 01, 2019, at 04:34 pm
Kolkata, Apr 1 (UNI) West Bengal Chief Minister Mamata Banerjee on Monday opined that the ''dignity of the Reserve Bank Of India (RBI) has diminished in recent times''.
RBI penalises Yes Bank for non-compliance of instructions related to Swift
Mar 05, 2019, at 03:11 pm
Mumbai, Mar 5 (UNI) Private sector lender Yes Bank said Reserve Bank of India (RBI) has slapped a fine of Rs 1 crore on the bank for non-compliance of directions on Swift messaging software.
Reserve Bank of India and Bank of Japan sign Agreement for Bilateral Swap Arrangement
Feb 28, 2019, at 03:09 pm
New Delhi, Feb 28 (IBNS): Reserve Bank of India and Bank of Japan have completed signing of the Agreement for Bilateral Swap Arrangement (BSA) between India and Japan.
RBI appoints Aadhar architect Nandan Nilekani as chairman of digital payments panel
Jan 08, 2019, at 05:20 pm
Mumbai, Jan 8 (IBNS): The Reserve Bank of India on Tuesday said Infosys co-founder Nandan Nilekani, the architect of Aadhaar card, has been appointed as the chairman of the committee formed by it to assess the digitisation of payments in the country.
RBI board meeting ends on conciliatory note
Nov 19, 2018, at 10:08 pm
New Delhi, Nov 19 (IBNS): As the marathon meeting of the board of Reserve Bank of India (RBI) came to an end in Mumbai on Monday evening, the central bank agreed to set up a panel on sharing surplus reserves.
RBI board meeting finally ends after 9 hours
Nov 19, 2018, at 08:20 pm
Mumbai, Nov 19 (IBNS): Amid an ongoing rift between the government and the central bank, the Reserve Bank of India (RBI)'s board meeting finally came to an end after nine hours on Monday.
RBI' autonomy an essential, accepted governance requirement : Finance Ministry
Oct 31, 2018, at 03:48 pm
New Delhi, Oct 31 (IBNS) : The Finance Ministry on Wednesday issued a statement, saying the Reserve Bank of India's autonomy is “an essential and accepted governance requirement”.
Autonomy of Reserve Bank is 'essential', says Centre
Oct 31, 2018, at 03:45 pm
New Delhi, Oct 31 (IBNS): The Indian government on Wednesday said the autonomy for the Central Bank, within the framework of the RBI Act, is an essential and accepted governance requirement.
Reserve Bank of India keeps repo rate unchaged at 6.5
Oct 05, 2018, at 05:07 pm
New Delhi, Oct 5 (IBNS): The Monetary Policy Committee (MPC) in its fourth bi-monthly statement, issued on 05.10.2018, on the basis of an assessment of the current and evolving macroeconomic situation at its meeting on Friday, decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent.
Over 99 percent of demonetised currency returned: RBI
Aug 29, 2018, at 04:50 pm
New Delhi, Aug 29 (IBNS): The Reserve Bank of India on Wednesday said that more than 99 percent of the old Rs. 500 and Rs. 1000 notes, which were banned by the Centre in 2016, have returned.
RBI to transfer Rs 50,000 crore surplus to Union government
Aug 08, 2018, at 07:34 pm
New Delhi, Aug 8 (IBNS): The Reserve Bank of India (RBI) on Wednesday said it has decided to pay a dividend of Rs 50,000 crore to the Union government.
Reserve Bank of India hikes key rate 25 bps to 6.50 percent
Aug 01, 2018, at 03:51 pm
Mumbai, Aug 1 (IBNS): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) increased its repo rate for the second straight meeting on Wednesday, keeping a “neutral” stance with a view to containing inflation but not affecting growth.
RBI hikes repo rate by 25 basis points to 6.5 per cent for the second time
Aug 01, 2018, at 03:00 pm
Mumbai, Aug 1 (IBNS): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday raised the repo rate by 25 basis point to 6.5 per cent, reports said.
With moderate vegetable prices in March, MPC projects Q4 inflation to be 4.5 per cent
Apr 05, 2018, at 09:34 pm
Mumbai, Apr 5 (IBNS): The Reserve Bank of India (RBI), on Thursday, said that on the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at six per cent.
RBI retains its six per cent repo rate for the fourth time in a row
Apr 05, 2018, at 09:26 pm
Mumbai, Apr 5 (IBNS): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), in its first Bi-monthly Monetary Policy Statement, 2018-19, issed on Thursday, said it has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent.
MSP hike, likely populist measures key risks to inflation, ASSOCHAM tells RBI
Apr 02, 2018, at 01:45 am
New Delhi, Apr 1 (IBNS): Key risks to the retail inflation include higher Minimum Support Prices (MSP) for agricultural items, populist spending in the run-up to the 2019 general elections and strengthening of global crude oil prices, the ASSOCHAM has said in its pre-credit policy review letter to the Reserve Bank of India (RBI).
Feb 07, 2018, at 09:43 pm
Mumbai, Feb 7 (IBNS): The Monetary Policy Committee (MPC) of the Reserve Bank of India, on the basis of an assessment of the current and evolving macroeconomic situation, decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6 per cent.
RBI leaves lending rates unchanged, growth projections down
Oct 04, 2017, at 08:38 pm
Mumbai, Oct 4 (IBNS): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at six per cent.
RBI launches Rs. 200 currency note, promises to ramp up supply
Aug 26, 2017, at 01:31 am
Mumbai, Aug 25 (IBNS): Launching the Rs. 200 notes, the Reserve Bank of India on Friday promised to shortly ramp up the supply of the new currency note across the nation.
RBI to issue Two Hundred-Rupee notes in bright yellow tomorrow
Aug 24, 2017, at 08:31 pm
Mumbai, Aug 24 (IBNS) : The Rs 200 note in bright yellow colour will be issued in the country for the first time ever on Friday, The Reserve Bank of India (RBI) announced on Thursday.
RBI to issue new Rs. 50 currency notes
Aug 19, 2017, at 01:45 am
New Delhi, Aug 18 (IBNS): The Reserve Bank of India on Friday said it will shortly issue Rs. 50 denomination banknotes in the Mahatma Gandhi (New) Series.
Excerpts from the RBI MPC Second Bi-monthly Monetary Policy Statement, 2017-18 Resolution
Jun 07, 2017, at 09:15 pm
Mumbai, Jun 7 (IBNS): Excerpts from the Second Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC), Reserve Bank of India --
B.P. Kanungo takes over as Deputy Governor of RBI
Apr 04, 2017, at 01:44 am
New Delhi, Apr 3 (IBNS): B.P. Kanungo took over as the Deputy Governor of the Reserve Bank of India on Monday.
Cash withdrawal limits to end from Mar 13, says RBI
Feb 08, 2017, at 10:23 pm
Mumbai, Feb 8 (IBNS): The Reserve Bank of India on Wednesday announced people can withdraw Rs. 50,000 per week from their savings accounts from Feb 20.