It's too early to talk on interest rate cut: RBI Governor
New Delhi/IBNS: Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), on Thursday (July 11) said it is too early to talk on the interest rate cut due to the uncertain economic environment and inflation remaining closed to 5 percent.
RBI receives bomb threat mail, sender demands FM Nirmala Sitharaman's resignation
Mumbai/IBNS: The Reserve Bank of India (RBI) on Tuesday received a bomb threat mail, whose sender had demanded the resignations of Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das, media reports said.
RBI maintains status quo, keeps repo rate unchanged at 6.5%
New Delhi/UNI: As widely expected by economists and market-watchers, the Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) on Friday decided to keep the policy repo rate unchanged at 6.50%.
SC refuses urgent hearing of plea challenging RBI's exchanging Rs 2,000 notes without any ID proof
New Delhi/UNI: The Supreme Court's vacation bench on Thursday refused to entertain the appeal filed by lawyer Ashwini Kumar Upadhyay seeking an urgent hearing of his petition challenging the RBI's permission (order) for exchanging Rs 2,000 currency notes without any identity proof.
Congress slams PM Modi over RBI's decision to withdraw Rs 2000 notes
New Delhi/IBNS: The Congress on Friday slammed Prime Minister Narendra Modi over the Reserve Bank of India's decision to withdraw Rs 2,000 denomination banknotes from circulation.
SC reserves order on pleas challenging demonetisation of Rs 500 and 1000 notes
New Delhi/UNI: The Supreme Court on Wednesday reserved judgement on various petitions challenging 2016's decision of the central government to demonetise the old notes of Rs. 500 and Rs. 1000.
Bali: Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on Saturday in Bali, Indonesia, on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting to improve mutual cooperation between the two central banks.
RBI may not resort to harsh measures to control rising inflation: RBI Deputy Governor Michael Patra
The retail inflation in the country is showing signs of rising but the RBI's measures to control the price rises wouldn't be as harsh as seen elsewhere, RBI Deputy Governor has said, according to media reports.
RBI imposes Rs 10 cr penalty on HDFC Bank
Mumbai/IBNS: The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 crore on HDFC Bank after finding deficiencies in regulatory compliance by the bank's auto loan department
Sensex spurts by 424.11 pts during the week
Mumbai/UNI: The BSE Sensex gained 424.11 points or 0.87 pc at 49,206.47 in a week, as robust corporate results and positive global cues propped up risk appetite despite the COVID-19 overhang.
Delhi HC directs SBI, RBI to maintain status quo on accounts of Anil Ambani's 3 companies
New Delhi/UNI: The Delhi High Court on Wednesday asked the State Bank of India (SBI) and the Reserve Bank of India (RBI) to maintain status quo in the accounts of three Anil Ambani-led Reliance Group entities--Reliance Communications (RCom), Reliance Telecom (RTL) and Reliance Infratel.
App based loan app scam surfaces; RBI cautions
Hyderabad/IBNS: The Hyderabad Police has busted a multi-crore money lending scam, run through multiple apps, which charged its targets up to 35 per cent interest and allegedly accumulated Rs 423 crore in 75 banks, which were seized for investigation.
RBI puts Lakshmi Vilas Bank on moratorium
New Delhi/IBNS: The Reserve Bank of India has put Tamil Nadu based Lakshmi Vilas Bank on moratorium for a month and restricted the withdrawals to Rs 25,000 during the period, the finance ministry said in a statement.
RBI Governor Shaktikanta Das tests COVID-19 positive
New Delhi: Reserve Bank of India Governor Shaktikanta Das on Sunday said he has tested positive for COVID-19.
Supreme Court allows two more weeks to Centre and RBI to decide on loan moratorium
New Delhi/IBNS: The Supreme Court on Thursday gave the Centre two weeks more to come up with a "concrete plan" to ease the burden of EMI on borrowers using an optional moratorium on repayment of loans, said media reports.