Dec 09, 2021, at 04:30 am
Mumbai/IBNS: The Reserve Bank of India (RBI) announced three key measures on Wednesday to make the Unified Payments Interface (UPI) transactions more efficient.
Dec 08, 2021, at 04:42 pm
New Delhi/Mumbai/UNI: Amid the global scare of new variant of Coronavirus, 'Omicron', posing downside risks to the economy, the Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 4% providing cushion to the economy which has been on the recovery path clocking 8.4% growth in July-September quarter (Q2) of the current fiscal.
Sensex jumps over 600 pts, Nifty reaches 17,000 mark; Kotak Bank gains by 3.35%
Dec 07, 2021, at 06:23 pm
Mumbai/UNI: The BSE Sensex on Tuesday rallied 621 pts at 57,368.33 in the opening session, as buying was seen across the board.
Govt will not ban but regulate all private cryptocurrencies: Report
Dec 03, 2021, at 06:02 am
New Delhi/IBNS: The government has suggested regulating rather than banning the private cryptocurrency while maintaining that it will not be recognised as a legal tender in India.
RBI supersedes Reliance Capital board, appoints administrator
Nov 30, 2021, at 12:17 am
New Delhi/UNI: The Reserve Bank of India (RBI) Monday superseded the Board of Directors of Reliance Capital Ltd (RCL), in view of the defaults by the company in meeting various payment obligations to its creditors and serious governance concerns.
Crypto markets fall as govt readies to pass bill to bar pvt cryptocurrencies
Nov 24, 2021, at 06:10 am
New Delhi/IBNS: The crypto markets fell sharply in India after the news of the government introducing a Bill to prohibit all private cryptocurrencies in the Parliament, leaving a few in order to "promote the underlying technology of cryptocurrency and its uses".
RBI panel suggests separate law to prevent illegal digital lending activities
Nov 22, 2021, at 05:21 am
Mumbai/IBNS: A Working Group formed by the Reserve Bank of India (RBI) has made several recommendations, including separate laws to stop illegal digital lending activities, verification of digital lending apps by a nodal agency and establishing a self-regulatory organisation (SRO) covering the participants in the digital lending ecosystem.
RBL Bank authorised by RBI to Collect Direct Taxes
Nov 18, 2021, at 09:37 pm
Mumbai/IBNS: RBL Bank has been authorised by the Reserve Bank of India (RBI), based on a recommendation from the Controller General of Accounts, Ministry of Finance and Government of India (GoI), to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT).
Govt may permit crypto as an asset, not as currency: Report
Nov 18, 2021, at 03:46 am
New Delhi/IBNS: The government is currently in the process of framing laws on cryptocurrency after concerns were raised over unregulated crypto markets and how they can be prevented from becoming avenues for money laundering and terror financing. The new laws may not allow the use of cryptocurrencies to settle transactions or make payments but may allow people to hold them as assets like shares, gold or bonds, ET reported citing sources.
Far deeper issues involved in cryptocurrency, RBI has serious concerns: Shaktikanta Das
Nov 17, 2021, at 02:02 pm
Mumbai/IBNS: Reserve Bank of India (RBI) Governor Shatikanta Das has reiterated that it has serious concerns over cryptocurrency as "far deeper" issues are involved amid reports that the Centre is likely to table a cryptocurrency bill in the upcoming winter session of Parliament.
PM Modi launches RBI scheme to allow retail investors directly buy govt securities
Nov 12, 2021, at 07:16 pm
New Delhi/UNI: Providing salaried class, pensioners and retail investors direct access to the government securities market, Prime Minister Narendra Modi on Friday launched the Reserve Bank of India (RBI)'s Retail Direct Scheme.
Bandhan Bank appointed as RBI’s Agency Bank
Nov 01, 2021, at 09:08 pm
Kolkata/UNI: The Reserve Bank of India (RBI) has authorised Bandhan Bank as its Agency Bank for undertaking government business.
RBI allows banks to open current account for customers availing credit from other banks
Oct 30, 2021, at 03:46 am
Mumbai/IBNS: The Reserve Bank of India (RBI) has allowed banks to open current accounts for borrowers who have availed credit facilities in the form of cash credit (CC)/ overdraft (OD) from the banking system.
Tenure of RBI Guv Shaktikanta Das extended by three years
Oct 29, 2021, at 02:55 pm
New Delhi: The Indian government on Thursday extended the tenure of Reserve Bank of India Governor Shaktikanta Das by another three years.
RBI monetary penalty on two co-operative banks
Oct 27, 2021, at 08:17 pm
Mumbai/IBNS: Reserve Bank of India (RBI) on Tuesday imposed monetary penalty on two cooperative banks for not complying with its various rule violations.
RBI imposes Rs 1 cr penalty on Paytm Payments Bank
Oct 21, 2021, at 06:46 am
Mumbai/IBNS: The Reserve Bank of India (RBI) Wednesday imposed a monetary penalty of Rs one crore on Paytm Payments Bank Limited (PPBL) for violating certain norms.
RBI to geotag payments to increase the reach of digital payments
Oct 09, 2021, at 01:58 am
Mumbai/IBNS: The Reserve Bank of India on Friday (October 8) introduced geotagging of payments system to improve the payment acceptance infrastructure.
Banks, business community laud RBI's accommodative stance on repo rate
Oct 08, 2021, at 11:18 pm
New Delhi/IBNS: RBI's stance to continue with the repo rate steady at 4 percent and maintain an accommodative policy stance to support economic growth and recovery has been welcomed by banks and the business community.
RBI keeps repo rate unchanged at 4 percent, maintains accommodative stance to support growth
Oct 08, 2021, at 04:53 pm
Mumbai/New Delhi/UNI: As widely expected, the Reserve Bank of India (RBI) Friday held the repo rate steady at 4 percent and maintained an accommodative policy stance to support economic growth and recovery.
RBI keeps repo rate unchanged at 4 percent
Oct 08, 2021, at 03:50 pm
Mumbai: The Reserve Bank of India on Friday announced the decision to keep repo rate unchanged at 4 percent.
RBI lifts PCA restrictions on UCO bank after four years
Sep 09, 2021, at 02:58 am
Mumbai/IBNS: The Reserve Bank of India (RBI) has removed the Prompt Corrective Action (PCA) restrictions from public sector lender UCO Bank after four years.
RBI imposes penalty of Rs 25 lakh on Axis Bank for violating rules
Sep 02, 2021, at 04:03 am
Mumbai/IBNS: The Reserve Bank of India (RBI) today imposed a fine of Rs 25 lakh on Axis Bank for violation of rules.
RBI issues revised locker rules for banks
Aug 19, 2021, at 02:02 am
Mumbai/IBNS: The Reserve Bank of India (RBI) Wednesday issued revised rules on safe deposit locker and safe custody article facility provided by banks.
RBI allows HDFC to issue new credit cards
Aug 18, 2021, at 08:34 pm
Mumbai/IBNS: The Reserve Bank of India has relaxed the restrictions placed on HDFC bank to issue new cards.
RBL Bank empanelled as 'Agency Bank' to RBI
Aug 12, 2021, at 01:28 am
Mumbai/UNI: RBL Bank, formerly known as Ratnakar Bank, on Wednesday said that it has been empanelled by the Reserve Bank of India (RBI) as an 'Agency Bank' to conduct banking business for the Central and State Governments.
Aug 06, 2021, at 10:43 pm
New Delhi/IBNS: The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on a durable basis and mitigate the extraordinary impact of Covid 19, said CH S S Mallikarjuna Rao, MD & CEO of Punjab National Bank (PNB).
RBI retains GDP forecast for FY22 at 9.5pc
Aug 06, 2021, at 10:00 pm
New Delhi/UNI: Buoyed by increasing exports, high-frequency data pointing to positive outlook and widening vaccination coverage, Reserve Bank of India (RBI) on Friday retained its real GDP growth projection for FY22 at 9.5 per cent while announcing the bi-monthly monetary policy.
ASSOCHAM lauds RBI for prioritising growth with accommodative policy stance
Aug 06, 2021, at 09:42 pm
Kolkata/IBNS: ASSOCHAM today said full credit must be given to the Reserve Bank of India and its Monetary Policy Committee for ''prioritising'' growth and retaining the ''accommodative stance'' on policy rates to lessen the impact of Covid-19 on the economy, despite inflationary pressures which have rightly been described as ''transitory'' by Governor Shaktikanta Das.
RBI holds repo rate at 4 pc, keeps all other rates also unchanged
Aug 06, 2021, at 06:24 pm
New Delhi/UNI; Announcing its bi-monthly monetary policy on Friday, the Reserve Bank of India (RBI) kept the repo rate unchanged at 4 per cent on expected lines to support growth hit hard by the COVID-19 pandemic.
RBI MPC keeps repo rate unchanged at 4 percent: Shaktikanta Das
Aug 06, 2021, at 03:56 pm
New Delhi: RBI Governor Shaktikanta Das on Friday announced its Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 percent.