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
Tearing A Bank Note? Think Twice As You May Land In Jail; Check Punishment
May 16, 2024, 11:06 AM 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
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 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
Setback For Kotak Mahindra Bank, RBI Bars It From Onboarding Customers Online, Issuing Credit Cards
The RBI said it took the action under Section 35A of the Banking Regulation Act, 1949.
Apr 24, 2024, 22:26 PM 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
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
RBI Imposes Monetary Penalties On Four Co-operative Banks
The penalty on Rajkot Nagarik Sahakari Bank was imposed for granting loans to companies in which the bank's directors held interests.
Apr 18, 2024, 20:53 PM IST
IIFL Finance To Raise Rs 1,272 Crore Via Rights Issue
Last month, the RBI barred IIFL Finance Ltd from disbursing gold loans, with immediate effect following multiple supervisory concerns.
Apr 17, 2024, 16:47 PM IST
Bank Holiday Alert: Financial Institutions To Close On April 19 In THESE Cities, Know Why
The election will unfold in seven phases, starting from April 19 and concluding on June 1, 2024.
Apr 17, 2024, 13:32 PM IST
Morgan Stanley Does Not Expect RBI To Go For A Rate Cut In 2024-25
India's key policy rate is expected to be steady at 6.5 per cent in 2024-25 while real rates should average 200 basis points, according to Morgan Stanley.
Apr 16, 2024, 15:10 PM IST
