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.
RBI issues rules for outsourcing of payment, settlement activity by PSOs
Aug 04, 2021, at 06:50 am
Mumbai/IBNS: The Reserve Bank of India has framed minimum standards to manage the risk in outsourcing of payment and settlement-related activities by non-bank payment system providers PSOs.
RBI bars Mastercard from adding new clients in India from July 22
Jul 14, 2021, at 11:46 pm
New Delhi: The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. (Mastercard) from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from July 22.
RBI extends special liquidity facility of Rs 16,000 crore to SIDBI
Jun 04, 2021, at 09:10 pm
Mumba/UNI: Reserve bank of India (RBI) has decided to extend a special liquidity facility of Rs 16,000 crore to SIDBI for on-lending and refinancing through novel models and structures.
Jun 04, 2021, at 05:16 pm
Mumbai/UNI: The Reserve Bank of India (RBI) on Friday kept the key rates unchanged at its bi-monthly review to maintain liquidity as the country continues to recover from the Covid-19 pandemic and its economic implications.
RBI Guv Shaktikanta Das asks pvt banks to strengthen their balance sheets
May 26, 2021, at 04:41 am
Mumbai/IBNS: RBI Governor Shaktikanta Das in a meeting with the MD & CEOs of some private sector banks on Tuesday through video conference asked them to continue focussing on efforts to further strengthen their balance sheets proactively.
RBI imposes a monetary penalty of Rs 1 crore on City Union Bank Limited
May 21, 2021, at 10:04 pm
Mumbai/UNI: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rupees One Crore only on City Union Bank Limited for contravention of/non-compliance with certain provisions of the directions contained in the Reserve Bank of India (Lending to Micro, Small & Medium Enterprises (MSME) Sector) Directions, 2017 and the circulars on educational loan scheme and credit flow to agriculture – agricultural loans – waiver of margin/security requirements.
COVID-19: RBI relaxes overdraft facility for state governments
May 05, 2021, at 09:47 pm
Mumbai: RBI Governor Shaktikanta Das on Wednesday announced a series of measures to support the nation’s fight against the second wave of COVID-19 infections.
Reserve Bank of India Governor Shaktikanta Das to make unscheduled speech today
May 05, 2021, at 02:37 pm
Mumbai: Reserve Bank of India Governor Shaktikanta Das will make an unscheduled speech on Wednesday.
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 extends the interim Ways and Means Advances of Rs 51,560 crore for states and UTs till Sep 30
Apr 24, 2021, at 06:10 am
Mumbai/IBNS: Reserve Bank of India (RBI) on Friday extended the interim Ways and Means Advances (WMA) limit of Rs 51,560 crore for all states and union territories till September 30 in view of the coronavirus pandemic situation.
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.
Auto debits from bank accounts to face disruption from April 1
Mar 31, 2021, at 04:22 am
New Delhi/IBNS: Recurring transactions such as mobile, utility, and other bills as well as subscription charges for over-the-top (OTT) platforms through credit cards, debit cards, UPI, or other prepaid payment instruments (PPIs) will be interrupted from April 1 in view of the new Reserve Bank of India (RBI) guidelines that require additional authentication to approve direct debits from customers' accounts.
Reserve Bank of India tells operators to set up 24x7 helpline for digital payments by Sep 2021
Feb 05, 2021, at 09:59 pm
Mumbai/UNI: The RBI governor Shaktikanta Das on Friday announced the setting up of a 24X7 helpline for digital payment services to strengthen the facility.
RBI maintains repo rate for fourth consecutive time
Feb 05, 2021, at 04:48 pm
Mumbai/UNI: Continuing the accommodative stance, the Reserve Bank of India (RBI) on Friday kept the key rates unchanged for the fourth time in a row.
Repo rate remains unchanged at 4 percent: RBI Guv Shaktikanta Das
Feb 05, 2021, at 03:49 pm
New Delhi: Reserve Bank of India Governor Shaktikanta Das has said the Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 4 percent
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.
Instant loan app scam: Police arrest four people, including 2 Chinese nationals
Jan 03, 2021, at 07:23 am
Chennai/UNI: The Central Crime Branch (CCB) of Tamil Nadu police arrested four people, including two Chinese nationals, from Bengaluru in connection with instant microloan lending scam conducted via several mobile phone apps.
Response for PMC Bank resolution look positive: RBI governor Shaktikanta Das
Dec 05, 2020, at 12:14 am
Mumbai/UNI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said the response from potential investors for reconstruction of crisis-ridden Punjab and Maharashtra Co-operative Bank looks "positive" so far.
RBI temporarily stops HDFC Bank from adding new customers
Dec 03, 2020, at 10:14 pm
Mumbai/IBNS: The Reserve Bank of India (RBI) has temporarily stopped HDFC Bank from adding more customers or launching digital business.
RBI imposes monetary penalty on The Karad Urban Co-operative Bank Ltd
Dec 02, 2020, at 08:50 pm
Mumbai/UNI: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 10 lakh (Rupees Ten lakh only) on The Karad Urban Co-operative Bank Ltd for contravention of certain directions issued by RBI under the Supervisory Action Framework.
Lakshmi Vilas Bank amalgamated with DBS Bank India Limited
Nov 30, 2020, at 07:20 pm
Mumbai/IBNS: The crisis-hit Lakshmi Vilas Bank (LVB) is now amalgamated with DBS Bank India Limited (DBIL), the wholly owned subsidiary of DBS Group Holdings Ltd.
Lakshmi Vilas Bank to merge with DBS Bank, to become DBS Bank India from Nov 27
Nov 27, 2020, at 03:59 am
Mumbai/IBNS: The Reserve Bank of India (RBI) has notified that the crisis-stricken Lakshmi Vilas Bank (LVB) will be merged with the Indian arm of Singapore-based DBS Bank on Friday (Nov 27), after which all restrictions, including cap on withdrawal of Rs 25,000.
Sovereign Gold Bond Scheme 2020-21 opens today
Nov 09, 2020, at 03:33 pm
Mumbai: The Sovereign Gold Bond Scheme 2020-21 will open for subscription from Monday, officials said.
Modi government to borrow Rs. 1.1 lakh cr on behalf of states for GST compensation
Oct 16, 2020, at 08:51 pm
New Delhi/IBNS: After months of confrontation over the Goods and Services Tax (GST) dues, the Centre has decided to borrow Rs. 1.1 lakh crore on behalf of the states prompting Union Finance Minister Nirmala Sitharaman to explain the reason behind the government's change in stance over the issue, media reports said.
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.
RBI keeps lending rates unchanged
Oct 09, 2020, at 03:48 pm
Mumbai: Reserve Bank of India Governor Shaktikanta Das on Friday said the repo rate and reverse repo rate will remain unchanged.
RBI to announce Monetary Policy on Oct 9
Oct 07, 2020, at 04:39 am
Mumbai/IBNS: The Reserve Bank of India (RBI) will announce monetary policy on October 9.
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.