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  Demand, employment severely hit by 2nd wave of Covid: RBI

  Business | May 18, 2021 12:36 IST

  As the severe Covid crisis and the resultant lockdowns have shut down economic activities to a great extent, the monthly RBI Bulletin has said that demand and employment have been among the most impacted economic aspects amid the second Covid wave.

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  RBI announces loan moratorium to individuals, small borrowers - Check eligibility

  Business | May 06, 2021 0:11 IST

  The moratorium of up to two years will be available to individuals and small and medium enterprises that did not restructure their loans in 2020 and were classified as standard accounts till March 2021, RBI Governor Shaktikanta Das in an unscheduled address.

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  RBI relaxes KYC norms, tells banks not to impose any restriction till December-end

  Business | May 05, 2021 12:44 IST

  The RBI has also decided to extend the scope of video KYC (know-your-customer) or V-CIP (video-based customer identification process) for new categories of customers such as proprietorship firms, authorised signatories and beneficial owners of legal entities.

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  RBI announces second purchase of Rs 35,000 crore G-secs to boost liquidity amid Covid crisis

  Business | May 05, 2021 11:29 IST

  RBI will do second purchase of government securities (G-secs) aggregating Rs 35,000 cr in two weeks.

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  RBI imposes Rs 25.5 lakh penalty on Jaipur-based Jumbo Finvest (India)

  Business | May 04, 2021 22:08 IST

  The penalty has been imposed for non-compliance with certain provisions, including Know Your Customer (KYC) directions.

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  RBI imposes Rs 3 crore penalty on ICICI Bank. Details

  Business | May 03, 2021 21:48 IST

  A penalty of Rs 3 crore has been imposed on ICICI Bank Ltd for contravention of certain directions, the Reserve Bank of India said on Monday.

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  T Rabi Sankar takes over as new RBI deputy governor

  Business | May 03, 2021 18:22 IST

  T Rabi Sankar on Monday took over as the new deputy governor of the Reserve Bank of India for a period of three years, the central bank said in a statement.

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  RBI issues guidelines for appointment of statutory auditors of banks, NBFCs

  Business | April 27, 2021 12:02 IST

  The Reserve Bank of India on Tuesday issued guidelines for the appointment of statutory auditors of banks and non-banking finance companies (NBFCs), including housing finance companies.  

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  Former RBI governor M Narasimham passes away due to Covid-19

  Business | April 21, 2021 8:54 IST

  Former Reserve Bank of India governor M Narasimham passed away on Tuesday after battling Covid-19. He was 94.

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  Bring policy to refund 'interest on interest' charged during moratorium period: RBI asks NBFCs

  Business | April 08, 2021 12:38 IST

  SC last month ruled that no penal or compound interest would be charged on any loans, including those above Rs 2 crore, during the six-month moratorium announced by govt against Covid backdrop.

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  Reserve Bank of India retains GDP growth forecast at 10.5% for FY22

  Business | April 07, 2021 14:31 IST

  The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic. 

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  Payment banks' balance limit hiked from Rs 1 lakh to Rs 2 lakh with immediate effect

  Business | April 07, 2021 13:57 IST

  Payments banks are just like any other bank, but operate on a smaller scale. RBI has hiked the maximum deposit limit from Rs 1 lakh to Rs 2 lakh. 

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  RBI to set up panel to undertake comprehensive review of Asset Reconstruction Companies

  Business | April 07, 2021 14:03 IST

  After enactment of SARFAESI Act in 2002, regulatory guidelines for ARCs were issued in 2003 to enable development of this sector and to facilitate smooth functioning of companies.

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  RBI maintains status quo on policy rate, repo unchanged at 4%

  Business | April 07, 2021 10:16 IST

  The Reserve Bank of India has maintained status quo fifth time in a row on policy rate. The bank has kept repo unchanged at 4 per cent.

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  Banks to open on 4 days THIS week between March 27 to April 4

  Business | March 27, 2021 9:40 IST

  According to bank holiday details on the Reserve Bank of India's website, banks will remain shut on March 27 (fourth Saturday), then on March 28 (Sunday), and on March 29 (Monday) on account of Holi.

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  Need coordinated action between centre, states on tax reduction in fuel prices: RBI Governor

  Business | February 25, 2021 14:37 IST

  Shaktikanta Das said there is a need for coordinated action between the centre and state governments to reduce taxes on petrol and diesel prices.   

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  RBI says all 18,000 banks to have Cheque Truncation System by September

  Business | February 05, 2021 15:50 IST

  The central bank also said it will set up a 24x7 helpline for digital payments services to secure them more against fraud and phishing.

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  RBI allows retail investors to open G-Sec accounts to directly participate in government securities

  Business | February 05, 2021 13:32 IST

  Reserve Bank of India will allow retail investors to directly participate in government securities. Retail investors can now open Gilt or G-Sec accounts with the central bank.

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  RBI projects GDP growth rate of 10.5 per cent FY 2022

  Business | February 05, 2021 11:42 IST

  After the Budget 2021-22 announcement on Monday, Economic Affairs Secretary Tarun Bajaj had said that real GDP growth would be 10-10.5 per cent in the next fiscal.

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  RBI keeps repo rate unchanged at 4%, projects 10.5% GDP growth in FY22

  Business | February 05, 2021 11:44 IST

  The Reserve Bank of India (RBI) on Friday left interest rates unchanged at 4 per cent. This is the fourth time in a row when the RBI has left the rate unchanged.