[ad_1] The Reserve Bank of India on Thursday said it has cancelled the licence of Solapur (Maharashtra) based The Laxmi Co-operative Bank Limited as the lender does not have adequate […]
Tag: RBI
RBI removes Central Bank of India from prompt corrective action list
[ad_1] The Reserve Bank on Tuesday said Central Bank of India has been removed from the Prompt Corrective Action Framework (PCAF) watchlist following improvement in various parameters and a written […]
RBI deputy governor pitches for data law to protect customers’ privacy
[ad_1] Reserve Bank of India (RBI) deputy governor T Rabi Sankar on Monday pressed for a law to protect customers’ privacy to ensure that monetisation of customer data is done […]
Banks, markets strong enough to withstand extreme volatility: RBI Governor
[ad_1] Reserve Bank Governor Shaktikanta Das on Monday said despite the latest headwinds arising from the Jackson Hole summit leading to extreme volatility, our banking system and financial markets are […]
RBI mulls setting up of fraud registry to check banking frauds
[ad_1] As part of its efforts to strengthen customer protection, the Reserve Bank of India is considering setting up a fraud registry to create a database of fraudulent websites, phones […]
Number Theory: Should India privatise its public sector banks?
[ad_1] Privatisation of public sector banks (PSBs) in India is an issue which has generated polarised responses since the beginning of economic reforms. The debate has gained fresh momentum over […]
RBI lifts curbs on American Express, bank can now issue cards to customers
[ad_1] The Reserve Bank of India (RBI) on Wednesday lifted restrictions imposed on American Express Banking Corp, allowing the US-based entity to now issue cards to new customers in India […]
RBI’s new guidelines for credit cards, debit cards: Steps to tokenise your card data
[ad_1] The Reserve Bank of India (RBI), in June, extended till September 30 the deadline to replace the credit card and debit card data used in online, point-of-sale, and in-app […]
‘Views of authors’: RBI clarifies on article on privatisation of public banks
[ad_1] The Reserve Bank of India on Friday issued a clarification on its article by financial experts on privatisation of public sector banks wherein they had urged the Narendra Modi […]
India to be fastest growing economy in the world this year: Govt source
[ad_1] While inflation continues to be above the comfort zone, the economy has continued on its recovery path, supported by pent-up demand for services and higher industrial output. Rising inflation […]
India forex reserves 4th largest globally, says RBI governor
[ad_1] RBI governor Shaktikanta Das announced hike in repo rates for third time in a row. India’s forex reserves are the fourth largest globally, RBI governor Shaktikanta Das said on […]
RBI set to hike policy repo rate tomorrow; your home loan EMIs may go up
[ad_1] The Reserve Bank of India (RBI) is likely to increase the policy repo rate by 25 to 50 basis points on Friday, the third hike since April – the […]
Will India face Sri Lanka, Pakistan-like economic crisis? Raghuram Rajan’s reply
[ad_1] Former Reserve Bank of India (RBI) governor Raghuram Rajan on Saturday said the central bank has done a good job in increasing the foreign exchange reserves and the country […]
Indian economy has shown resilience amid global recession fears, says RBI
[ad_1] The Indian economy has shown resilience amid fears of recession and war across the global landscape, the RBI (Reserve Bank of India) said on Saturday. Counting monsoon revival, pick-up […]
Retail inflation eases in June to 7.01%, but still above RBI’s upper limit
[ad_1] Food price index leapt 7.75% in June on the back of a global spiral in commodity prices, slightly lower than 7.97% in May India’s retail inflation marginally eased for […]
Cryptocurrencies are a clear danger says RBI Governor Shaktikanta Das
[ad_1] Reserve Bank of India Governor Shaktikanta Das on Thursday described cryptocurrencies as “clear danger” and said that anything that derives value based on make-believe, without any underlying, is just […]
Banks in India will remain closed for 14 days in July. Details here
[ad_1] The Reserve Bank of India (RBI) places bank holidays under three categories – holidays under the Negotiable Instruments Act, under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday, […]
Retail inflation declines to 7.04% in May, still above RBI’s upper limit of 6%
[ad_1] NEW DELHI: India’s retail inflation declined moderately to 7.04% in May from a year ago, compared to an eight-year high of 7.8% in April, helped by a favourable base […]
Number Theory: Need for caution in reading RBI’s Consumer Confidence Numbers
[ad_1] The Consumer Confidence Survey (CCS) is one of the most keenly watched forwarding looking surveys conducted by the Reserve Bank of India. The CCS, conducted every two months in […]
RBI hikes policy rate to 4.9%
[ad_1] New Delhi: Loans, including retail loans and mortgages, will get costlier with the Reserve Bank of India’s Monetary Policy Committee (MPC) announcing a 50 basis point – one basis […]
Reserve Bank hikes rates for 2nd straight month; no ‘accommodative’ in stance
[ad_1] The Reserve Bank of India’s key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid […]
Banks cautious as RBI likely to up rates today
[ad_1] That the Monetary Policy Committee (MPC) of the Reserve Bank of India will announce an increase in interest rates on June 8 is a given. However, the MPC resolution […]
HDFC Bank hikes lending rates by 0.35%; 2nd hike in two months
[ad_1] The hike, which comes a day ahead of the RBI’s scheduled policy review, is the second such move from the lender in as many months, taking the cumulative hike […]
RBI rejects claims of replacing Gandhi’s face with Tagore, Kalam in banknotes
[ad_1] Written by Sharangee Dutta | Edited by Aryan Prakash, New Delhi The Reserve Bank of India (RBI) on Monday dismissed reports of Mahatma Gandhi’s picture being replaced with other […]
Another RBI rate hike on cards, warn experts, as inflation sees no ease: Report
[ad_1] With inflation showing no signs of abatement, the Reserve Bank is likely to increase the benchmark lending rate in quick succession in its forthcoming monetary policy review on Wednesday, […]
FY23 consumer inflation likely to hit 7.5%, shoot past RBI ceiling of 6%: Report
[ad_1] The RBI targets inflation in the 2%-6% band and has forecast it to average at 5.7% in the fiscal year to March 2023. That is below economists’ forecasts for […]
Indian rupee hits record low, market watches for RBI’s intervention
[ad_1] The Indian rupee weakened on Tuesday, to touch a record low of 77.73 versus the dollar, tracking broad gains in the U.S. currency alongside weakening in offshore markets, with […]
RBI, govt likely to tighten policies to curb inflation
[ad_1] NEW DELHI: With swelling inflation the biggest worry for the Indian economy at the moment, the Reserve Bank of India (RBI) may further tighten the money supply and the […]
Number Theory: A challenging phase for India’s inflation targeting framework
[ad_1] On May 4, the Monetary Policy Committee (MPC) of the Reserve Bank of India announced an unscheduled hike in the policy rate and increased the deposits banks need to […]
RBI shocks markets with lending rate hike before US Federal Reserve’s decision
[ad_1] India’s central bank raised its key interest rate and moved to drain liquidity from the banking system in a surprise move Wednesday, sending bonds and stocks crashing, as it […]
RBI raises repo rate by 40 basis points as inflation bites
[ad_1] NEW DELHI: In a bid to tame the rising inflation in the country, the Reserve Bank of India (RBI) has decided to raise the repo rate by 40 basis […]
Sensex crashes by over 1,200 points on RBI’s surprise repo rate hike
[ad_1] Equity markets fell sharply in late afternoon trade on Wednesday, with the Sensex crashing over 1,200 points after the Reserve Bank increased the benchmark lending rate to 4.40 per […]
RBI hikes repo rate to 4.0% in a surprise move, EMIs likely to go up
[ad_1] Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday announced that Monetary Policy Committee (MPC), in an unscheduled policy review with a view to contain inflation, voted unanimously […]
RBI to hike repo rate in June to tackle rising inflation: Report
[ad_1] The Reserve Bank of India will raise its repo rate in June and hike at a faster pace than predicted just a few weeks ago as a surge in […]
RBI deploys some less-noticed smart moves to head off geopolitical risks
[ad_1] NEW DELHI: The economic skies are clearly overcast, clouded by the tensions in Europe. India faces the prospects of lower growth and higher inflation than previously estimated, according to […]
Four charts that explain why the MPC is worried about the Indian economy
[ad_1] The Monetary Policy Committee (MPC) of RBI finished its three-day long on April 8. The MPC resolution paints a grim picture of the Indian economy. Going forward, MPC sees […]
Card-less cash withdrawal to be made available at all ATMs: RBI
[ad_1] Under the card-less cash withdrawal facility, a customer is not required to use his/her debit or credit cards while withdrawing cash from ATMs. The Reserve Bank of India (RBI) […]
RBI keeps key lending rate unchanged, real GDP growth projected at 7.2%
[ad_1] In the first monetary policy of the new financial year, the RBI has kept the repo rate – or the key lending rate – unchanged. “The Monetary Policy Committee […]
RBI’s growth-inflation balance to get tougher
[ad_1] On April 6, the monetary policy committee (MPC) of the Reserve Bank of India will begin its meeting to deliberate on the course of interest rates and other aspects […]
8 years ago, an RBI notification had triggered possible HDFC twins merger talks
[ad_1] Talks of a merger between HDFC Bank and parent HDFC Ltd had gained steam nearly eight years ago, when the Reserve Bank of India allowed banks to issue long-term […]
RBI Grade B recruitment: Application process begins for 294 vacancies, link here
[ad_1] Reserve Bank of India on March 28 has commenced the application process for 294 Grade B vacancies. The application process will end on April 18. candidates can apply online […]
Reserve Bank lifts all curbs against HDFC Bank
[ad_1] RBI order on HDFC Bank: In September last year the central bank lifted restrictions on the issue of new credit cards. The Reserve Bank of India has lifted all […]
RBI stops Paytm Payments Bank from onboarding new customers
[ad_1] Issuing an official statement, the RBI said, “Reserve Bank of India has today, in the exercise of its powers, inter alia, under section 35A of the Banking Regulation Act, […]
RBI’s new UPI service doesn’t need a smartphone or internet. See details
[ad_1] The Reserve Bank of India on Tuesday launched a new service to enable UPI payments for non-smartphone users. UPI ‘123PAY’ is a three-step method to initiate and execute services […]
Banks in India will remain closed for 13 days in March. Check details
[ad_1] Banks in India will remain closed for a total of 13 days in March, according to the guidelines issued by the Reserve Bank of India (RBI). Of these, seven […]