Indian benchmark indices end Monday on four-month high
Feb 06, 2017, at 11:13 pm
Mumbai, Feb 6 (IBNS): The Indian market ended Monday on a somewhat high note, closing at a four-month high, largely banking on hopes of a rate cut in the forthcoming Reserve Bank of India policy meet, according to media sources.
RBI removes ATM cash withdrawal limt from Feb 1
Jan 30, 2017, at 11:33 pm
New Delhi, Jan 30 (IBNS): Giving relief to people across the nation, the Reserve Bank of India on Monday announced its decision that limits placed on cash withdrawals from ATMs stand withdrawn from Wednesday.
RBI increases daily ATM withdrawal limit to Rs 10,000
Jan 16, 2017, at 10:57 pm
New Delhi, Jan 16 (IBNS); Giving relief to people across the nation, the Reserve Bank of India on Monday increased the daily withdrawal limit from ATMs to Rs.10,000.
Government respects independence and autonomy of RBI, says Finance Ministry
Jan 15, 2017, at 02:10 am
New Delhi, Jan 14 (IBNS): The Ministry of Finance on Saturday said the government respected the 'independence and autonomy' of the Reserve Bank of India.
RBI asks for documents from airports for accepting banned notes
Jan 06, 2017, at 02:59 am
New Delhi, Jan 5 (IBNS): The Reserve Bank of India has now directed that those who want to deposit old Rs.500 and Rs.1000 notes at its offices should carry a stamped document from the airport to prove that they were abroad.
Auction calendar of govt dated securities revised
Jan 03, 2017, at 07:02 pm
New Delhi, Jan 3 (IBNS): The Union Ministry of Finance in a release on Tuesday said that after reviewing the cash position of the Central Government, Government of India, in consultation with Reserve Bank of India, has revised the auction calendar for the issuance of Government dated securities for the remaining part of second half of 2016-17.
RBI to hold auction (re-issue) of GOI bond and stocks
Jan 03, 2017, at 06:58 pm
Mumbai/New Delhi, Jan 3 (IBNS): The Union Finance Ministry on Tuesday said in a release that Government of India has announced the sale (re-issue) of “Government of India Floating Rate Bonds 2024†for a notified amount of Rs. 2000 crore (nominal) through price based auction as well as auction for sale (re-issue) of government stocks.
RBI relaxes ATM daily withdrawal limit to Rs 4,500
Dec 31, 2016, at 01:56 pm
New Delhi, Dec 31 (IBNS): The Reseve Bank of India on Saturday announced its decision to relax the daily ATM withdrawal limit to Rs 4,500 from the earlier cap of Rs 2,500.
Deadline to submit banned notes ends today
Dec 30, 2016, at 03:29 pm
New Delhi, Dec 30 (IBNS): The 50-day deadline to submit banned Rs. 1000 and Rs. 500 currency notes ends on Friday.
RBI gives extra 30 days to repay loans in some categories
Dec 29, 2016, at 05:06 am
New Delhi, Dec 28 (IBNS): In a move to give some relief to citizens post demonetisation, the Reserve Bank of India (RBI) has directed lenders to provide an additional 30 days to borrowers in some categories for repayment of loans.
IDBI Bank celebrates 25 years of Jawaharlal Nehru Institute of Banking and Finance
Dec 22, 2016, at 02:52 am
Hyderabad, Dec 20 (IBNS): IDBI Bank celebrated the Silver Jubilee of its premier training institute, Jawaharlal Nehru Institute of Banking and Finance (JNIBF), Hyderabad recently.
Forex Rule violation: RBI slaps fine on five banks
Dec 22, 2016, at 02:18 am
New Delhi, Dec 21 (IBNS): The Reserve Bank of India on Wednesday said it has imposed monetary penalty on the following five banks for violation of Reserve Bank of India’s instructions on reporting requirements of the Foreign Exchange Management Act, 1999 (FEMA).
Reverse Bank of India changes norms 126 times, Congress on RBI backtracking
Dec 21, 2016, at 08:04 pm
New Delhi, Dec 21 (IBNS) : As the Reserve Bank of India withdrew its earlier notification on Rs 5000 cash deposit limit for KYC complaint accounts, the Congress on Wednesday criticised the central bank for “changing the norms 126 timesâ€, giving it the mocking sobriquet of "Reverse Bank of India."
RBI imposes restrictions on deposit of old notes until Dec 30
Dec 19, 2016, at 09:55 pm
New Delhi, Dec 19 (IBNS): The Reserve Bank of India (RBI) on Monday has imposed new conditions on deposit of old notes exceeding Rs 5,000 in a bank account till Dec 30.
RBI governor arrives Kolkata, refuses state police's convoy
Dec 15, 2016, at 01:48 am
Kolkata, Dec 14 (IBNS): When West Bengal's ruling Trinamool Congress (TMC) was hosting sit-in-demonstration against demonetisation in front of Reserve Bank of India (RBI) in Kolkata on Wednesday afternoon, RBI's governor Urjit Patel reached the city to attend RBI's central board meeting, which is scheduled to be held here on Thursday.
Rs 12.4 lakh crore of banned currency notes deposited in banks till Dec 10, says RBI
Dec 14, 2016, at 03:15 pm
New Delhi, Dec 14 (IBNS): The Reserve Bank of India has said that banks have received Rs. 12.44 lakh crore in old Rs 500 and Rs. 1000 currency notes as of Dec 10, since the ban was announced by the Centre on Nov 8.
RBI directs banks to preserve CCTV recordings of operations from Nov 8 to Dec 30
Dec 14, 2016, at 02:47 am
New Delhi, Dec 13 (IBNS): The Reserve Bank of India on Tuesday directed banks across the nation to preserve CCTV recordings of operations at its branches and currency chests from the period between Nov 8 till Dec 30 to facilitate coordinated and effective action by the enforcement agencies in dealing with matters relating to illegal accumulation of new currency notes..
No action initiated to cancel Axis Bank license: RBI
Dec 13, 2016, at 12:18 am
New Delhi, Dec 12 (IBNS): The Reserve Bank of India on Monday clarified that it has not initiated any action to cancel the banking licence of Axis Bank in the wake of certain allegations about some serious irregularities in transactions relating to deposit or exchange of Specified Bank Notes in a few branches of the bank.
Market reacts negatively to RBI's decision to keep repo rates intact
Dec 08, 2016, at 12:30 am
Mumbai, Dec 7 (IBNS): Indian equity benchmarks responded negatively to the Reserve Bank of India's (RBI's) decision to keep the repo rate unchanged in the first policy meeting post demonetisation, reports said.
RBI to issue new Rs. 100 notes
Dec 07, 2016, at 12:46 am
New Delhi, Dec 6 (IBNS): The Reserve Bank of India on Tuesday announced it will issue new Rs 100 denomination in the Mahatma Gandhi Series-2005 bearing the signature of RBI Governor Urjit Patel shortly.
Cash crunch: RBI eases bad loan rules for small borrowers
Nov 22, 2016, at 02:11 am
New Delhi, Nov 21 (IBNS): The Reserve Bank of India on Monday provided additional 60 days time to small borrowers to repay housing, car, farm and other loans worth up to Rs 1 crore.
Ujjivan gets RBI nod to commence Small Finance Bank operations
Nov 15, 2016, at 12:14 am
New Delhi, Nov 14 (IBNS): Ujjivan Small Finance Bank Limited, a wholly owned subsidiary of UjjivanFinancial Services Limited, has received the final licence from Reserve Bank of India (RBI) to carry on Small Finance Bank (SFB) business in India subject to the terms and conditions as mentioned in RBI letter dated Nov 11, 2016.
Raghuram Rajan warns of inflation risks during the third Bi-monthly Monetary Policy Statement
Aug 09, 2016, at 09:43 pm
Mumbai, Aug 9 (IBNS): In the last monetary policy presentation of his term, the Third Bi-monthly Monetary Policy Statement, 2016-17, Reserve Bank of India Governor Raghuram Rajan said on Tuesday that inflation projections as given in the June bi-monthly statement, i.e. of a central trajectory towards 5 per cent by March 2017 with risks tilted to the upside are retained and that In view of this configuration of risks, it is appropriate for the Reserve Bank to keep the policy repo rate unchanged at this juncture, while awaiting space for policy action.
ICICI Bank organizes fifteen coin exchange melas in Lucknow
Jul 01, 2016, at 06:54 pm
Lucknow, Jul 1 (IBNS): ICICI Bank Ltd organized fifteen coin exchange melas at its various branches in Lucknow recently.
Rajan says no to second term as RBI Guv, speculations rife over his successor
Jun 19, 2016, at 03:30 pm
New Delhi, Jun 19 (IBNS): With Reserve Bank Of India (RBI) Governor Raghuram Rajan's term scheduled to end in September, speculations are rife on who will succeed him.
Raghuram Rajan's successor will be announced soon: Jaitley
Jun 19, 2016, at 12:49 am
New Delhi, June 18 (IBNS): Union Finance Minister Arun Jaitley on Saturday announced that Reserve Bank of India Governor Raghuram Rajan's successor will be announced soon.
RBI simplifies process of registration of new NBFCs
Jun 18, 2016, at 05:28 pm
Mumbai, Jun 18 (IBNS): To ease the process of registration of new Non Banking Financial Companies (NBFCs),the Reserve Bank of India (RBI) , on Friday, simplified the application form and revised the list of documents to be submitted.
RBI indicates risks to inflation on the upside
Jun 07, 2016, at 07:38 pm
Mumbai, Jun 7 (IBNS): During the second bi-monthly monetary policy review on Tuesday, the Reserve Bank of India (RBI) indicated that the risks to inflation were on the upside, according to media reports.
RBI keeps benchmark repo rate unchanged
Jun 07, 2016, at 05:05 pm
Mumbai, June 7 (IBNS) : Reserve Bank Governor Raghuram Rajan on Tuesday kept the benchmark repo rate unchanged at a five-year low of 6.5 per cent, reports said.
Dec 01, 2015, at 05:49 pm
Mumbai, Dec 1 (IBNS) As expected, the Reserve Bank of India on Tuesday kept the key policy rate unchanged as the repo rate was allowed to be at 6.75 per cent and the cash reserve ration at 4 per cent.