Reserve Bank Of India
-
PM Modi launches RBI schemes to ease access to money markets for small investors
News | Nov 12, 2021, 12:24 PM ISTPrime Minister Narendra Modi on Friday launched Reserve Bank of India's two innovative customer-centric initiatives. These initiatives are the RBI Retail Direct Scheme and the Reserve Bank - Integrated Ombudsman Scheme.
-
Will increase investment avenues, says PM Modi as he launches RBI's 2 innovative schemes
India | Nov 12, 2021, 11:54 AM ISTPM Modi said that RBI's two innovative customer-centric initiatives will increase investment avenues, make accessing capital market easier and safer.
-
PM Modi to launch RBI's retail direct, integrated ombudsman schemes on Friday
Business | Nov 11, 2021, 11:28 AM ISTThe PMO said the RBI Retail Direct Scheme is aimed at enhancing access to the government securities market for retail investors.
-
Bank Holidays November 2021: Banks to remain closed for up to 17 days | Check full list
Business | Nov 02, 2021, 07:45 PM ISTBank Holidays in November 2021: In some states, banks will be closed for two consecutive days, and in some others, for three days in November.
-
Impartial audit essential for resilient economy: RBI Governor Shaktikanta Das
Business | Oct 25, 2021, 01:22 PM ISTReserve Bank Governor Shaktikanta Das said that there is a need to improve the quality and depth of audit as it instils confidence among citizens.
-
RBI imposes Rs 1 cr fine on Paytm Payments Bank, fines Western Union with Rs 27.78 lakh
Business | Oct 20, 2021, 11:47 PM ISTRBI 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.
-
RBI imposes Rs 1 crore penalty on SBI over non-compliance
Business | Oct 18, 2021, 08:24 PM ISTThe Reserve Bank of India (RBI) on Monday said it has imposed a penalty of Rs one crore on the State Bank of India (SBI)
-
RBI imposes Rs 30 lakh penalty on Pune-based Janata Sahakari Bank
Business | Oct 11, 2021, 10:33 PM ISTThe 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'.
-
RBI cuts inflation projection to 5.3 per cent for FY'22
Business | Oct 08, 2021, 02:56 PM ISTThe RBI has projected substantial softening in retail inflation in the near term on the back of easing food prices and favourable base effect.
-
Monetary Policy: RBI keeps policy rate unchanged 8th time in a row at 4%
Business | Oct 08, 2021, 03:17 PM ISTThe Reserve Bank of India has kept the policy rate unchanged 8th time in a row at 4 per cent.
-
RBI may again opt for status quo on key policy rate next week, say experts
Business | Oct 03, 2021, 01:18 PM ISTThe 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.
-
RBI Alert: Reserve Bank of India changes rules for loan transfer; issues guidelines for banks, NBFCs
Business | Sep 25, 2021, 06:47 PM ISTLoan transfers are resorted to by lending institutions for various reasons, ranging from liquidity management, rebalancing their exposures or strategic sales.
-
RBI imposes Rs 79 lakh penalty on Mumbai-based Apna Sahakari Bank
Business | Sep 24, 2021, 10:34 PM ISTThe 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
-
RBI Governor Shaktikanta Das pitches for higher investment in infrastructure, health
India | Sep 22, 2021, 04:55 PM ISTAddressing 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.
-
RBI enhances scope of tokenisation to ensure security of card data
Business | Sep 08, 2021, 07:01 AM ISTThe 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.
-
Bank Holidays 2021: Banks to remain closed for up to 12 days in September | Check full list
Business | Sep 10, 2021, 11:22 AM ISTNotably, 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.
-
RBI imposes Rs 27.5 lakh penalty on Dhanlaxmi Bank, Rs 20 lakh on a co-operative bank
Business | Aug 23, 2021, 09:02 PM ISTIn 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.
-
RBI could soon make it mandatory to fill 16 digits card numbers for online purchases
Business | Aug 23, 2021, 01:45 PM ISTRBI's revised guidelines mean that every time customers buy online or renew subscriptions, the details will have to be typed afresh.
-
RBI wants you to memorise all your debit, credit card numbers, expiry and CVV | Here's why
Business | Aug 22, 2021, 02:37 PM ISTIf 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.
-
Bank holiday today: Banks to remain shut for 5 days from today in THESE cities
Business | Aug 19, 2021, 02:59 PM ISTAs 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.