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  RBI to impose monetary penalty on ATMs that run out of cash for more than 10 hours

  Business | August 11, 2021 8:53 IST

  Banks will have to submit a system generated statement on downtime of ATMs due to non-replenishment of cash to the RBI.

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  RBI JE result 2021 declared, how to check

  August 06, 2021 18:04 IST

  RBI JE exam was held on March 8. Check result at rbi.org.in

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  RBI Governor Shaktikanta Das praises government on retro tax move, post-pandemic fiscal response

  Business | August 06, 2021 14:45 IST

  The career bureaucrat-turned-central banker also welcomed the govt's approach to the pandemic-triggered crisis as a prudent and calibrated one.

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  Monetary policy: RBI keeps interest rates unchanged for 7th time in a row; repo retained at 4%

  Business | August 06, 2021 11:46 IST

  RBI Monetary Policy Review: RBI keeps interest rates unchanged at 4 per cent.

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  Mastercard submits new audit to Reserve Bank of India after ban over data handling

  Business | July 31, 2021 12:06 IST

  The restrictions were put in place because of mastercard's failure to comply with local data storage norms that require payment companies to store data related to Indian customers only in the country

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  RBI allows card networks, wallets to access RTGS, NEFT

  Business | July 29, 2021 14:53 IST

  In April, RBI had said that it would encourage participation of non-banks in Reserve Bank of India-operated Centralised Payment Systems (CPS) -- RTGS and NEFT systems -- in a phased manner.

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  RBI imposes Rs 5-cr penalty on Axis Bank for rule violations

  Business | July 29, 2021 9:59 IST

  The RBI said the statutory inspections for supervisory evaluation (ISE) of the bank were conducted with reference to its financial position as on March 31, 2017, (ISE 2017), March 31, 2018, (ISE 2018), and March 31, 2019 (ISE 2019).

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  Reserve Bank of India's central board short of 9 non-official directors

  Business | July 25, 2021 14:02 IST

  According to the RBI Act, the government nominates 10 eminent persons from various fields to the central board of the RBI, besides four directors (one from each of the four local boards)

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  RBI working on phased introduction of digital currency, mulls pilot projects

  Business | July 23, 2021 9:43 IST

  Deputy Governor T Rabi Sankar said developing a domestic CBDC could provide the public with uses that any private virtual currency (VC) offers and to that extent might retain public preference for the rupee.

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  RBI Alert! Banks to hike ATM cash withdrawal, debit card, credit card charges

  Business | July 21, 2021 13:55 IST

  The Reserve Bank of India (RBI) has recently raised the interchange fee and allowed banks - private and public, to hike charges on withdrawing cash from ATMs as well as charges for debit/credit cards.

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  Do you have Mastercard's Debit, Credit Card? What will happen to existing customers after RBI's ban

  Business | July 17, 2021 11:26 IST

  Citing the violation of norms on storage of payment systems data, the Reserve Bank of India has prohibited Mastercard from issuing debit cards, credit cards and even prepaid cards to new customers, starting from July 22.

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  RBI to soon open accounts for retail investors, to facilitate investment in govt securities

  Business | July 13, 2021 10:56 IST

  The Reserve Bank has issued a scheme 'RBI Retail Direct', a one-stop solution to facilitate investment in government securities by individual investors. 

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  Small finance bank to take over PMC Bank: RBI tells Delhi HC

  Business | July 12, 2021 14:35 IST

  Earlier, RBI stated that depositors are already allowed to withdraw up to ₹5 lakh on hardship grounds for treatment of terminal illnesses, including treatment of Covid-19

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  Good news for bankers! To get 'surprise leaves' of at least 10 days

  India | July 09, 2021 22:31 IST

  During the mandatory leave, the bank employee will not have access to any physical or virtual resources related to the work responsibilities, with the exception of internal/ corporate email which is usually available to all employees for general purposes.

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  RBI imposes Rs 14.5 crore penalty on State Bank of India, 13 other banks

  Business | July 08, 2021 9:14 IST

  The penalties have been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1), of the Banking Regulation Act, 1949, as applicable.

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  RBI notifies inclusion of retail, wholesale trade under MSME category

  Business | July 08, 2021 8:59 IST

  Earlier on July 2, the Ministry of MSME had decided to include retail and wholesale trade under MSMEs for the limited purpose of priority sector lending.

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  RBI bars MPs, MLAs from holding MD post in urban cooperative banks

  Business | June 28, 2021 8:26 IST

  The RBI has barred MPs, MLAs and members of municipal corporations or other local bodies from holding the office of MD or whole-time director in urban cooperative banks.

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  RBI hunts for entity that can develop multimedia publicity material for awareness campaign

  Business | June 27, 2021 14:57 IST

  The pan-India campaign to educate the general public about the essential rules and regulations will be launched in Hindi, Assamese, Bangla, Gujarati, Kannada, Malayalam, Marathi, Oriya, Punjabi, Sindhi, Tamil, Telugu and Urdu besides English.

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  RBI imposes Rs 11 lakh penalty on THESE banks

  Business | June 15, 2021 21:44 IST

  The RBI said the penalties have been imposed based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered by the two lenders with their customers.

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  RBI bans DHFL from taking deposits under Pirmal management

  Business | June 15, 2021 18:49 IST

  The Reserve Bank has revoked the deposit-taking status of Dewan Housing Finance (DHFL), the first financial services firm to go for bankruptcy proceedings, and has reclassified it as a non-deposit taking housing finance company, before approving the Piramal group's bid to take over it towards the end of the resolution process.