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  Impartial audit essential for resilient economy: RBI Governor Shaktikanta Das

  Business | October 25, 2021 13:22 IST

  Reserve Bank Governor Shaktikanta Das said that there is a need to improve the quality and depth of audit as it instils confidence among citizens.

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  RBI imposes Rs 1 cr fine on Paytm Payments Bank, fines Western Union with Rs 27.78 lakh

  Business | October 20, 2021 23:47 IST

  RBI said the company had reported instances of breach of the ceiling of 30 remittances per beneficiary during 2019 and 2020 and filed an application for compounding of the violation.

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  RBI imposes Rs 1 crore penalty on SBI over non-compliance

  Business | October 18, 2021 20:24 IST

  The Reserve Bank of India (RBI) on Monday said it has imposed a penalty of Rs one crore on the State Bank of India (SBI)

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  RBI imposes Rs 30 lakh penalty on Pune-based Janata Sahakari Bank

  Business | October 11, 2021 22:33 IST

   The penalty has been imposed for non-compliance with specific directions issued by RBI under the Supervisory Action Framework (SAF) and RBI directions on 'Frauds in UCBs: Changes in Monitoring and Reporting mechanism'.

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  RBI cuts inflation projection to 5.3 per cent for FY'22

  Business | October 08, 2021 14:56 IST

  The RBI has projected substantial softening in retail inflation in the near term on the back of easing food prices and favourable base effect.

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  Monetary Policy: RBI keeps policy rate unchanged 8th time in a row at 4%

  Business | October 08, 2021 15:17 IST

  The Reserve Bank of India has kept the policy rate unchanged 8th time in a row at 4 per cent.

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  RBI may again opt for status quo on key policy rate next week, say experts

  Business | October 03, 2021 13:18 IST

  The Reserve Bank had last cut repo rate by 40 basis points in May 2020 to 4 per cent to spur demand in the COVID-hit economy. Since then, the RBI has refrained from taking any action on interest rates.

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  RBI Alert: Reserve Bank of India changes rules for loan transfer; issues guidelines for banks, NBFCs

  Business | September 25, 2021 18:47 IST

  Loan transfers are resorted to by lending institutions for various reasons, ranging from liquidity management, rebalancing their exposures or strategic sales.

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  RBI imposes Rs 79 lakh penalty on Mumbai-based Apna Sahakari Bank

  Business | September 24, 2021 22:34 IST

  The Reserve Bank has imposed a penalty of Rs 79 lakh on Apna Sahakari Bank, Mumbai for non-compliance with certain directions, including on NPA classification

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  RBI Governor Shaktikanta Das pitches for higher investment in infrastructure, health

  India | September 22, 2021 16:55 IST

  Addressing AIMA National Management Convention, Das underlined the need for increased investment in healthcare education, digital and physical infrastructure to ensure sustainable growth and generate employment opportunities.

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  RBI enhances scope of tokenisation to ensure security of card data

  Business | September 08, 2021 7:01 IST

  The RBI on Tuesday extended the device-based tokenisation to card-on-file tokenisation (CoFT) services, a move that will bar the merchants from storing actual card data.

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  Bank Holidays 2021: Banks to remain closed for up to 12 days in September | Check full list

  Business | September 10, 2021 11:22 IST

  Notably, there are 13 bank holidays listed but as Ganesh Chaturthi overlaps with second Saturday, it is counted as one holiday. Also, 11 September’s leave overlaps with the second Saturday.

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  RBI imposes Rs 27.5 lakh penalty on Dhanlaxmi Bank, Rs 20 lakh on a co-operative bank

  Business | August 23, 2021 21:02 IST

  In both cases, the RBI said, the penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers. 

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  RBI could soon make it mandatory to fill 16 digits card numbers for online purchases

  Business | August 23, 2021 13:45 IST

  RBI's revised guidelines mean that every time customers buy online or renew subscriptions, the details will have to be typed afresh.   

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  RBI wants you to memorise all your debit, credit card numbers, expiry and CVV | Here's why

  Business | August 22, 2021 14:37 IST

  If the Reserve Bank of India (RBI) revises the guidelines from January 2022, then the customers with debit cards and credit cards will need to punch in their 16-digit card number every time they proceed to make a transaction.

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  Bank holiday today: Banks to remain shut for 5 days from today in THESE cities

  Business | August 19, 2021 14:59 IST

  As per the RBI calendar, banks will remain shut from today, i.e. Thursday (August 19) to next Monday (August 23) as August marks the beginning of the festive season.

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  Bank Locker New Guidelines: RBI issues new, revised instructions on safe deposit lockers in banks

  Business | August 19, 2021 10:54 IST

  Bank Locker New Guidelines: The revised instructions will be applicable to both new and existing safe deposit lockers and the safe custody of articles facility with the banks.

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  RBI partially lifts ban on HDFC Bank, allows it to issue new credit cards

  Business | August 19, 2021 13:12 IST

  The Reserve Bank of India had issued orders in December and February to HDFC Bank on certain incidents of outages in the internet banking /mobile banking/payment utilities of the bank over the past two years.

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  RBI cancels licence of THIS Bank in Maharashtra. Check details

  Business | August 13, 2021 23:30 IST

  The reason cited the absence of adequate capital and being unable to pay its present depositors in full. The bank ceased to carry on banking business with effect from the close of business on Friday.

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  RBI imposes Rs 1 crore penalty on THIS bank

  Business | August 13, 2021 11:18 IST

  RBI said it conducted a statutory Inspection for Supervisory Evaluation (ISE) of the bank with reference to the bank's financial position as on March 31, 2020.