[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 […]
Apollo makes $1 billion bet on Indian property with lending plan
[ad_1] Apollo Global Management Inc. is planning to lend about $1 billion to developers in India this year, betting on a recovery in the residential property market as the pandemic […]
At 7.79%, India’s retail inflation rises to 8-year high in April
[ad_1] NEW DELHI: India’s consumer inflation surged to an eight-year high of 7.79% in April, 2022, breaching the Reserve Bank of India’s (RBI) so-called tolerable limit of 6% for the […]
Pressure from RBI forced a shadow ban on crypto trading in India: Coinbase CEO
[ad_1] Top cryptocurrency exchange Coinbase quit India operations owing to “informal pressure” from the Reserve Bank of India (RBI), its CEO Brian Armstrong has revealed for the first time. The […]
FPIs withdraw ₹6,400 crore from equity markets in May so far
[ad_1] Foreign investors have pulled over ₹6,400 crore from the Indian equity market in the first four trading sessions of the ongoing month when the Reserve Bank of India (RBI) […]
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 […]
Explained: How changes in repo rates affect stock markets
[ad_1] In a surprise move on Wednesday, the Reserve Bank of India (RBI) increased the key interest rate by 40 basis points to tame inflation that has remained stubbornly above […]
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 […]
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 […]
Bank holidays in May 2022: 2 long weekends, offices to remain closed for 11 days. Check full list
[ad_1] Bank holidays in May 2022: Banks will remain closed for a total of 11 days in May, including weekends, according to the list of holidays released by the Reserve […]
RBI new rules on issue of credit cards, debit cards: All you need to know
[ad_1] The revised set of guidelines published by the Reserve Bank of India (RBI) for the issue of credit cards and debit cards will come into effect from July 1. […]
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 […]
RBI holds key rates at record lows, ups inflation forecast
[ad_1] The Reserve Bank of India (RBI) on Friday kept two benchmark economy-wide interest rates unchanged at record lows, signalling that the central bank continues to prioritise growth recovery despite […]
Shares inch up as RBI keeps rates steady to support growth
[ad_1] The decision comes against the backdrop of several global peers, including the US Federal Reserve, starting to raise rates to counter a price surge. Shares edged higher on Friday […]
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 […]
India Ratings cuts GDP growth forecast to 7 per cent for 2022-23
[ad_1] India Ratings and Research (Ind-Ra) on Wednesday cut India’s GDP growth forecast for the 2022-23 financial year to 7 – 7.2 per cent from its earlier estimate of 7.6 […]
Bad loans: Why, this time, it’s different
[ad_1] Non-performing assets (NPA) or bad loans of banks have come down to their lowest levels, Reserve Bank of India (RBI) governor Shaktikanta Das said at a Confederation of Indian […]
‘False and sensationalist’: Paytm on report it leaked data to Chinese firms
[ad_1] Paytm on Monday described as ‘false and sensationalist’ a Bloomberg report which stated that the recent action taken by the Reserve Bank of India (RBI) against Paytm Payments Bank […]
Paytm share price falls by 13% days after RBI restriction: Report
[ad_1] Paytm’s share price sank by 13 per cent on Monday days after the Reserve Bank of India (RBI) stopped the Paytm Payments Bank from onboarding any new customers because […]
Banks to remain shut these 4 days this week. See statewise list here
[ad_1] In February, banks in the country were shut for 12 days. Here is the list of bank holidays in the third week of March. Banks will remain closed for […]
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, […]
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 […]