Yes Bank crisis: Depositors' money is safe, says FM Nirmala Sitharaman
Mar 06, 2020, at 04:03 pm
New Delhi/IBNS: Reacting to the Yes Bank crisis, Union Finance Minister Nirmala Sitharaman on Friday assured all depositors that their money was safe, media reports said.
Yes Bank customers throng branches after RBI puts restriction on withdrawal
Mar 06, 2020, at 03:13 pm
Lucknow/UNI: Customers of Yes Bank rushed to their branches on Friday after they were informed through media and other sources, that RBI has put restriction on their withdrawal till April 3.
Yes Bank crisis: Depositors' money is safe, says FM Nirmala Sitharaman
Mar 06, 2020, at 03:05 pm
New Delhi/IBNS: Reacting to the Yes Bank crisis, Union Finance Minister Nirmala Sitharaman on Friday assured all depositors that their money was safe, media reports said.
Swift action will be taken to revive Yes Bank: RBI Governor Shaktikanta Das
Mar 06, 2020, at 11:43 am
Mumbai/IBNS: Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said the crisis-hit Yes Bank will be revived by the country's central bank very "swiftly" and "fast".
Bill to give RBI powers to regulate cooperative banks introduced in LS
Mar 03, 2020, at 04:53 pm
New Delhi/UNI: Union Finance Minister Nirmala Sitharaman on Tuesday introduced the Bill which proposes to amend the Banking Regulation Act and bring multi-state cooperative banks under effective regulation of RBI.
RBI keeps repo rate unchanged at 5.15 pc
Feb 06, 2020, at 12:48 pm
Mumbai/IBNS: To fight inflation, the Reserve Bank of India (RBI) kept the repo rate unchanged at 5.15 per cent, according to the Bi-monthly Monetary Policy Statement of the central bank.
RBI likely to keep rates unchanged in bimonthly policy meeting
Feb 05, 2020, at 07:50 pm
New Delhi/UNI: The Reserve Bank of India is likely to keep repo rates unchanged at 5.15 per cent at its bimonthly policy meeting on Thursday, as the country battles rising inflation and slowing economy.
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.
Michael Debabrata Patra becomes RBI Deputy Governor
Jan 14, 2020, at 05:06 pm
New Delhi/UNI: The government on Tuesday appointed Michael Debaprata Patra as the Deputy Governor of the Reserve Bank of India (RBI).
Career Central Banker Michael Patra appointed as RBI Deputy Governor
Jan 14, 2020, at 03:55 pm
Mumbai/IBNS: The government on Tuesday appointed Career Central Banker Michael Patra as the Deputy Reserve Bank of India (RBI) Governor, media reports said.
Wholesale inflation increases 0.58% in November
Dec 16, 2019, at 12:57 pm
New Delhi/IBNS: The wholesale inflation jumped 0.58% in November, government data released on Monday revealed.
SBI cuts MCLR by 10 bps after RBI keeps repo rate unchanged
Dec 09, 2019, at 05:26 pm
Mumbai/IBNS: SBI slashed its lending rates by 10 bps or basis points across all tenors effective from Dec 10, the bank said on Monday.
RBI allows 24x7 NEFT transfer from Dec 16
Dec 07, 2019, at 05:56 pm
Mumbai/IBNS: After rolling back the National Electronic Funds Transfer (NEFT) charges in July, the RBI has decided to do away with the time limit for the digital transaction from Dec 16, the Central bank said in a notification.
Industries not happy at RBI's unchanged repo rate at 5.15%
Dec 05, 2019, at 04:16 pm
Kolkata/UNI/IBNS: Tata Realty & Infrastructure Limited (TRIL) in a statement today expressed disappointed at RBI's monetary policy rate report that there is no change at repo rate which remains at 5.15%.
RBI keeps Repo Rate unchanged, slashes GDP growth projection to 5 per cent
Dec 05, 2019, at 12:57 pm
Mumbai/IBNS/UNI: The Reserve Bank of India (RBI) on Thursday kept the Repo Rate unchanged at 5.15 pc but slashed the Gross Domestic Product (GDP) growth projection to 5 per cent on Thursday.
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.
Indian economy exposed to risks as private consumption declines: RBI Report
Oct 12, 2019, at 09:29 pm
Mumbai:The Reserve Bank of India in its Oct 2019 Monetary Policy report has said that the sagging private consumption poses risks to the Indian economy in future.
PMC Bank: FM Nirmala Sitharaman says RBI taking action
Oct 10, 2019, at 02:46 pm
New Delhi: Union Finance Minister Nirmala Sitharaman assured depositors of crisis-hit Punjab and Maharashtra Co-operative Bank of fast recovery into the trouble.
RBI cuts repo rate to boost economy, ensures stability of Indian banking system
Oct 04, 2019, at 03:30 pm
Mumbai: The Reserve Bank of India on Friday slashed the repo rate by 25 basis points to 5.15% in a bid to revive the sagging economy.
RBI cuts repo rate by 25bps to 5.15%, GDP growth cut to 6.1%
Oct 04, 2019, at 12:48 pm
Mumbai: The RBI on Friday reduced the repo rate by 25 basis points to 5.15% from 5.40% in the fourth bi-monthly policy review.
RBI relaxes restriction on withdrawal from Rs 1000 to 10,000
Sep 26, 2019, at 07:50 pm
Mumbai: The RBI on Thursday increased the withdrawal limit of Punjab and Maharashtra Co-operative Bank (PMC) bank depositors from Rs1000 to Rs10,000, relaxing initial restrictions imposed on Sep 23.
Social media message regarding closure of 9 banks false: RBI
Sep 25, 2019, at 11:45 pm
Mumbai, Sept 25 (IBNS): The Reserve Bank of India (RBI) on Wednesday refuted reports that nine banks would be closed down and said that no commercial banks are going to be shut.
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.
RBI governor hails govt move to slash corp tax, says it will help economy
Sep 20, 2019, at 02:27 pm
New Delhi: Minutes after Union Finance Minister Nirmala Sitharaman announced corporate tax rate cuts, Reserve Bank of India Governor Shaktikanta Das hailed the move and called it a 'bold & welcome' step to put the growth engine back on track.
Govt not yet decided how to utilise RBI funds: Nirmala Sitharaman
Aug 27, 2019, at 07:35 pm
New Delhi, Aug 27 (IBNS): A day after the Reserve Bank of India decided to transfer Rs. 1.76 lakh crore from its reserve and surplus to the government of India, Finance Minister Nirmala Sitharaman on Tuesday said that the Centre has not yet decided on how the funds from the central bank will be utilised.
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.
RBI issues circular on free ATM transaction norms
Aug 16, 2019, at 03:36 pm
New Delhi, Aug 16 (IBNS): The Reserve Bank of India on Friday issued a circular where it directed all commercial banks, cooperative and rural banks not to treat failed transactions at ATMs or non-cash transactions such as balance enquiries or checkbook requests as part of five free transactions available to customers in a month.
System has more than surplus liquidity: RBI Guv
Jul 08, 2019, at 07:22 pm
New Delhi, Jul 8 (UNI): The system has more than adequate surplus capital liquidity and the Government has announced liquidity backstop for banks to implement NBFC package that Finance Minister Nirmala Sitharaman had outlined in the Budget 2019-20, RBI Governor Shaktikanta Das said on Monday.
Jun 24, 2019, at 03:44 pm
New Delhi, June 24 (IBNS): Viral Acharya, Deputy Governor of the Reserve Bank of India (RBI), has quit from his position citing "unavoidable personal circumstances", officials said.