[ad_1] With Prime Minister Narendra Modi dedicating 75 digital banking units (DBUs) to the country, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Sunday that these units were […]
Tag: Reserve bank of india
Transferred funds to wrong bank account? Here’s what you should do
[ad_1] Internet banking has made banking services, including sending money from one account to another, a matter of a few seconds. However, one has to be very careful while transferring […]
Transferred funds to wrong bank account? Here’s what you should do
[ad_1] Internet banking has made banking services, including sending money from one account to another, a matter of a few seconds. However, one has to be very careful while transferring […]
Soon, these citizens will get banking services on their doorstep. Details here
[ad_1] Soon, more than 50 million citizens aged 70 and above, as well as a large number of specially abled people, may get basic banking services in the convenience of […]
RBI hikes policy rate, cuts growth forecast
[ad_1] That the Monetary Policy Committee (MPC) of the Reserve Bank of India will increase interest rates for the fourth consecutive time was almost a given, and the 50 basis […]
Rupee held its own against dollar. What about other currencies: FM Sitharaman
[ad_1] Union finance minister Nirmala Sitharaman on Saturday said the Indian rupee had “held back very well” against the dollar in comparison to other currencies. Her statement came at a […]
India’s forex reserves hit near 2-year low
[ad_1] India’s foreign exchange reserves declined for a seventh straight week, touching $545.652 billion in the week ending September 16, Reserve Bank of India’s data showed on Friday. In the […]
RBI cancels licence of Solapur-based Laxmi Co-op bank
[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 […]
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 […]
Kotak Mahindra Bank pitches for standardising fraud reporting to RBI
[ad_1] Kotak Mahindra Bank on Tuesday pitched at the RBI for a standardisation in fraud reporting, after data showed the private sector lender has been witnessing huge number of such […]
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 […]
‘Unacceptably, uncomfortably high’: RBI governor on unabating inflation
[ad_1] Amid raging concerns over price rise, Reserve Bank of India (RBI) governor Shaktikanta Das has said that though inflation moderated and plateaued since April, it remains “unacceptably and uncomfortably […]
Bank holidays in August 2022: Banks to remain closed on these days. Check full list
[ad_1] The Reserve Bank of India (RBI) has released for the month of August, a list of days on which banks will be closed on account of national or regional […]
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 […]
Credit card rules to change from July 1: Here’s what you need to know
[ad_1] The Reserve Bank of India had earlier issued revised rules for the issue and closure of credit and debit cards, as well as rules for billing and directions 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 […]
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 […]
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 […]