RBI Revises Timeline For Government Treasury Bill Auctions
T-bills are short-term debt which are issued by the Government of India to cover its short-term borrowing needs.
May 18, 2024, 14:19 PM IST
India Forex Reserves Surge By $2.56 Bn To $644.15 Bn
Rising foreign exchange reserves are positive for the economy as they reflect an ample supply of dollars that help to strengthen the rupee.
May 17, 2024, 20:05 PM IST
RBI Appoints R Lakshmi Kanth Rao As New Executive Director
Rao had served as Banking Ombudsman at RBI Chennai and as Regional Director of Uttar Pradesh at Lucknow.
May 11, 2024, 12:24 PM IST
India’s Forex Reserves Surge By $3.7 Bn To Touch $641.6 Bn Mark
RBI Governor Shaktikanta Das on Friday referred to the record foreign exchange reserves as a reflection of the strength of the Indian economy.
May 10, 2024, 19:04 PM IST
RBI Lifts Ban On Bank of Baroda's BoB World App, Allowing New Customer Registrations
The Bank of Baroda had subsequently taken out corrective measures to address the concerns highlighted by the RBI.
May 08, 2024, 20:57 PM IST
RBI Coming Up With New Steps To Expand UPI Outreach
The stakeholders shared their suggestions on strategies for scaling up of UPI infrastructure and expanding the products portfolio.
May 08, 2024, 19:04 PM IST
RBI Tweaks Rules To Cut Risk Banks Face In Exposure To Capital Markets
The maximum intraday risk to the custodian banks issuing IPCs would be reckoned as Capital Market Exposure (CME) at 30 per cent of the settlement amount.
May 03, 2024, 21:32 PM IST
97.76% Of Rs 2,000 Banknotes Returned, Says RBI Status Report
It must be noted that the Rs 2000 banknotes continue to be legal tender.
May 03, 2024, 09:57 AM IST
Stop Charging Extra Interest On Loan Amount Not Received, Refund Excess Charges To Customers: RBI To Banks
RBI has asked banks and financial institutions to follow fair practices in charging of interest on loans by them.
Apr 30, 2024, 11:38 AM IST
RBI Tells Banks To Stop Charging Extra Interest On Loans As Probe Shows Unfair Practices
Some banks were charging interest for the entire month, rather than charging interest only for the period for which the loan was outstanding.
Apr 29, 2024, 20:25 PM IST
RBI Lays Out Criteria For Small Finance Banks To Achieve Universal Banks License
The bank intending to transit must have their shares listed on a recognized stock exchange.
Apr 27, 2024, 11:29 AM IST
RBI Issues Draft Rules For Web Aggregators Of Loan Products
The RBI specifies that the digital view should include essential details such as the name of the bank or NBFC extending the loan.
Apr 27, 2024, 09:14 AM IST
RBI Orders TalkCharge to Refund Customers' PPI Wallet Balance, Cautions Public Against PPI Issued By Unauthorised Entities
Gurugram-based company TalkCharge has been asked by RBI to stop issuance and operation of its PPI or Wallets and refund the balances held in the wallets by May 17, 2024.
Apr 26, 2024, 12:52 PM IST
DNA: Why Did RBI Ban Kotak Mahindra Bank?
Taking strict steps, RBI (Reserve Bank of India) has banned some services of Kotak Mahindra Bank. This news must be seen today by those people whose bank account is in Kotak Mahindra Bank.
Apr 25, 2024, 23:10 PM IST
Banks Se Tech Nahi Ho Rahi, Fintech Se Banking Nahi Ho Rahi: Ashneer Grover's Dig On X
BharatPe co-founder Ashneer Grover has taken dig at RBI's recent clamp down on Banks and Fintech companies.
Apr 25, 2024, 17:19 PM IST
RBI takes big action on Kotak Mahindra Bank
RBI has taken major action against Kotak Mahindra Bank. There has been a ban on adding new customers online. Along with this, restrictions have also been imposed on issuing credit cards.
Apr 25, 2024, 07:16 AM IST
RBI Lists 6 Factors Powering India’s Take-off To Become World’s 3rd Largest Economy
According to the RBI bulletin, the “tailwinds likely to power India’s take-off” are as follows:
Apr 24, 2024, 10:43 AM IST
RBI Sees India's GDP Growth Trend Surging Past 7%
It also points out that the global growth momentum has been sustained in the first quarter of 2024 and the outlook for global trade is turning positive.
Apr 23, 2024, 18:27 PM IST
Sovereign Gold Bond 2017-18 Series IV, 2018-19 Series II Maturing Today, April 23: Final Redemption Price And Other Key Details
The redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption as published by the India Bullion and Jewellers Association Ltd (IBJA), RBI said.
Apr 23, 2024, 12:51 PM IST
RBI Directs Payment Companies To Report Suspicious Transactions Ahead Of Lok Sabha Elections
Banks have been directed to share everyday reports to the poll panel by the Chief Election Commissioner (CEC)
Apr 22, 2024, 15:14 PM IST
