RBI announces guidelines on Digital Banking Units
Apr 08, 2022, at 04:09 am
Mumbai/IBNS: The Reserve Bank of India (RBI) Thursday released guidelines for banks to launch digital banking units (DBUs).
Apr 01, 2022, at 12:10 am
Mumbai: Private sector lender Axis Bank Thursday announced its association with Reserve Bank of India Innovation Hub (RBIH) for Swanari TechSprint initiative that aims at advancing digital financial inclusion for women across the nation.
Covid-related liquidity measures were introduced with sunset date: RBI Governor
Mar 22, 2022, at 05:58 pm
Covid-19-related liquidity measures announced by the central bank, excluding the interest rates, came with a sunset date, the Reserve Bank of India (RBI) Governor Shaktikanta Das has said.
RBI working on phased implementation of digital currency: Minister
Mar 16, 2022, at 12:12 am
New Delhi/UNI: The Reserve Bank of India (RBI) is currently working towards a phased implementation strategy for introduction of Central Bank Digital Currency (CBDC), Minister of State for Finance Pankaj Chaudhary said on Tuesday.
Reserve Bank of India lifts restriction on HDFC Bank's business generating activities
Mar 12, 2022, at 10:08 pm
New Delhi: Private lender HDFC Bank on Saturday said that the Reserve Bank of India (RBI) has lifted the restriction on the business generating activities planned under the Bank's Digital 2.0 programme.
RBI may have sold $2 bn to control fluctuations in rupee: Report
Mar 03, 2022, at 08:42 am
The Reserve Bank of India (RBI) is estimated to have offloaded $2 billion in the local currency market to control wild fluctuations in the exchange rate, the biggest central bank intervention in the aftermath of Ukraine-Russia war, ET reported citing market sources.
RBI extends time for implementation of guidelines for upgrading NPA accounts
Feb 16, 2022, at 06:44 am
The Reserve Bank of India (RBI) extended the time to implement the stricter prudential norms applicable on all lenders to September 2022 in connection with the guidelines regarding upgrading an NPA account as standard but upon clearing all dues.
RBI maintains status quo, keeps repo rate unchanged at 4 percent
Feb 10, 2022, at 06:07 pm
New Delhi/UNI: On expected lines, the Reserve Bank of India (RBI) on Thursday kept the policy repo rate unchanged at 4 percent to support economic growth.
RBI may keep the key rates unchanged in first policy review after Budget 2022: Report
Feb 10, 2022, at 06:52 am
Mumbai/IBNS: The Reserve Bank of India (RBI) may keep key policy rates, including repo and reverse repo rates, unchanged in its monetary policy review to be announced on Thursday in the backdrop of Union Budget 2022-23 and growing inflationary concerns, ANI reported.
Feb 08, 2022, at 11:55 pm
Mumbai/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate while keeping the existing repo rate intact in order to reduce the liquidity in the market it had infused to push business activity amid Covid-19 last year, according to economists.
RBI may hike reverse repo rate up to 0.25 pc in next week's policy, says report
Feb 04, 2022, at 06:36 am
New Delhi/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate at which it borrows money from the banks by up to 0.25 percent and leave the repo rate at which it lends money to the banks untouched, according to a British brokerage said on Thursday.
Pvt cryptocurrencies will never be legal tender: Finance Secretary
Feb 03, 2022, at 05:18 am
New Delhi/IBNS: Private cryptocurrencies like Bitcoin and Ethereum, as well as non-fungible tokens (NFT) will never become legal tenders as their values are fixed by private entities, Finance Secretary TV Somanathan said Tuesday.
Only RBI can issue Digital Currency, rest are assets and attract 30 pc tax: Sitharaman
Feb 02, 2022, at 12:41 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman has clarified the difference between Digital Currency to be issued by the Reserve Bank of India (RBI) and the digital assets, which includes the "crypto world", where the transactions will now attract a 30 percent tax.
Union Budget: RBI to issue Digital Rupee
Feb 01, 2022, at 09:06 pm
New Delhi: Union FM Nirmala Sitharaman on Tuesday announced the introduction of Digital Rupee to be issued by the Reserve Bank of India starting 2022-23.
Budget2022: RBI will introduce digital rupee in FY22-23, says Nirmala
Feb 01, 2022, at 05:53 pm
New Delhi: The Reserve Bank of India will introduce digital rupee in FY22-23 using blockchain and other technologies, Union Finance Minister Nirmala Sitharaman announced in her Budget2022 speech in Parliament on Tuesday.
PMC Bank to be merged with Unity Small Finance Bank
Jan 26, 2022, at 03:35 am
Mumbai/IBNS: The Centre has approved the merger of cash-strapped Punjab and Maharashtra Co-operative bank with Unity Small Finance Bank (UNSFB), the Reserve Bank of India (RBI) said Tuesday.
IATO seeks special status for tourism industry
Jan 22, 2022, at 06:11 am
New Delhi/UNI: Indian Association of Tour Operators (IATO), the apex inbound tour operators body, on Friday sought special status for the tourism industry.
Niti Aayog led study bats for priority sector lending tag to electric vehicles
Jan 22, 2022, at 04:22 am
New Delhi/UNI: The NITI Aayog along with Rocky Mountain Institute has sought priority sector lending status for electric two-wheelers, three-wheelers and commercial vehicles in the Reserve Bank of India’s (RBI) priority-sector lending guidelines which can help unlock EV financing market of Rs 40,000 crore by 2025 and achieve COP26 targets.
FSDC-SC members discuss challenges arising from third wave
Jan 14, 2022, at 12:12 am
New Delhi/UNI: Financial Stability and Development Council (FSDC) Sub Committee (FSDC-SC) chaired by RBI Governor Shaktikanta Das on Thursday reviewed developments in the global and domestic economy.
Former RBI Governor Urjit Patel appointed vice-president of AIIB
Jan 10, 2022, at 07:39 am
Beijing/IBNS: Ex-RBI Governor Urjit Patel has been appointed as a vice-president of the Beijing-based Asian Infrastructure Investment Bank (AIIB), media reports said.
Dec 30, 2021, at 08:25 am
Mumbai/IBNS: The Reserve Bank of India has said the gross non-performing assets (GNPAs) of banks may jump from 6.9 percent in September 2021 to 8.1 percent by September 2022 under the baseline scenario and to 9.5 percent under a severe stress scenario, the Reserve Bank of India (RBI) said in its Financial Stability Report (FSR) on Wednesday.
NRIs, OCIs don't need RBI's approval for buying immovable property in India
Dec 30, 2021, at 06:26 am
Mumbai/IBNS: The Reserve Bank of India (RBI) has said NRIs and OCIs do not need its prior permission for the sale and transfer of immovable properties in India, other than agricultural land, farm houses, plantation properties.
AU Small Finance Bank appoints Ex RBI Depty Guv H. R. Khan as non-exec independent director
Dec 29, 2021, at 03:07 am
Kolkata/IBNS: AU Small Finance Bank Tuesday announced the appointment of Harun Rashid Khan as non-executive independent director (Additional Director) on its board, for a period of three years, effective December 28, 2021, subject to the approval of shareholders.
AU Small Finance Bank appoints Ex RBI Depty Guv H. R. Khan as non-exec independent director
Dec 29, 2021, at 03:07 am
Kolkata/IBNS: AU Small Finance Bank Tuesday announced the appointment of Harun Rashid Khan as non-executive independent director (Additional Director) on its board, for a period of three years, effective December 28, 2021, subject to the approval of shareholders.
RBI to conduct another 3-day VRRR auction for Rs 2 lakh crore
Dec 25, 2021, at 05:46 am
Mumbai/IBNS: Reserve Bank of India will conduct another three day Variable Rate Reverse Repo (VRRR) auction next week in order to draw out up to Rs 2,00,000 crore.
RBI extends deadline for card tokenisation
Dec 24, 2021, at 03:30 am
Mumbai/IBNS: The Reserve Bank of India (RBI) on Thursday extended the deadline for card tokenisation till June 30, 2022.
RBI board discusses Central Bank Digital Currency, private cryptocurrencies in meeting
Dec 18, 2021, at 07:34 am
Mumbai/IBNS: The central board of the Reserve Bank of India (RBI) Friday discussed the issues related to Central Bank Digital Currency (CBDC) and private cryptocurrencies, the RBI said in a press release.
RBI imposes monetary penalty on PNB, ICICI Bank for non-compliance
Dec 16, 2021, at 05:59 pm
Mumbai/IBNS: Reserve Bank of India (RBI) on Wednesday said it has imposed a monetary penalty on private sector lender ICICI Bank and state-run Punjab National Bank (PNB) for non-compliance with its rules.
RBI allows small finance banks and payments banks to conduct govt business
Dec 16, 2021, at 05:36 pm
Mumbai/IBNS: Reserve Bank of India (RBI) has allowed scheduled payments banks and small finance banks (SFBs) to conduct government business.
RBI Guv Shaktikanta Das cautions depositors chasing high returns, interests
Dec 12, 2021, at 08:14 pm
New Delhi/UNI: While terming the higher deposit insurance cover of Rs five lakh as an important milestone, Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday cautioned depositors chasing higher returns.