Reserve Bank Of India
-
Asked banks to pay difference in interest to borrowers: RBI to SC
Business | Nov 01, 2020, 08:56 PM ISTThe RBI has informed the Supreme Court that it has asked the banks, and financial institutions as well as the non-banking financial institutions to take "necessary actions" to credit the accounts of eligible borrowers, by November 5, with the difference between compound and simple interest collected on loans of up to Rs 2 crore during the moratorium scheme.
-
RBI notifies interest waiver scheme on moratorium loans, directs banks, NBFCs to comply
Business | Oct 27, 2020, 01:21 PM ISTIn a notification, RBI said: "All lending institutions are advised to be guided by the provisions of the Scheme and take necessary action within the stipulated timeline."
-
RBI to move to next generation treasury application for managing forex, gold reserves
Business | Oct 11, 2020, 02:31 PM ISTThe NGTA, according to the RBI, would be a web-based application providing scalability, maneuverability and flexibility to introduce new products and securities, besides supporting multi-currency transactions and settlements.
-
Not possible to extend loan moratorium period: Centre tells SC
India | Oct 10, 2020, 11:18 AM ISTIn an affidavit before the Supreme Court, the Reserve Bank of India has said it would not be possible to grant more time as relief for sectors hit by the coronavirus pandemic.
-
Real GDP likely to decline by 9.5% in FY 2021: RBI
News | Oct 09, 2020, 04:48 PM ISTThe Governor of Reserve Bank of India (RBI), Shaktikanta Das on October 09 announced that Gross Domestic Product (GDP) is expected to decline by 9.5% in 2021.
-
RTGS money transfer to be available 24X7 from December
Business | Oct 09, 2020, 12:15 PM ISTIn December 2019, the National Electronic Funds Transfer (NEFT) system was made available on a 24x7x365 basis.
-
RBI's next monetary policy panel meeting from Oct 7-9 as Centre appoints external members
Business | Oct 06, 2020, 01:16 PM ISTThe Reserve Bank of India will announce the monetary policy on October 9 as the Monetary Policy Committee (MPC) will meet during October 7-9.
-
House price index rises 2.8 per cent on annual basis: RBI
Business | Sep 30, 2020, 05:26 PM ISTThe all-India House Price Index (HPI) rose 2.8 per cent in the first quarter of the current financial year on an annual basis, according to data released by the Reserve Bank of India.
-
India's current account surplus rises to USD 19.8 billion in June quarter
Business | Sep 30, 2020, 02:44 PM ISTAccording to Reserve Bank of India's data on India's Balance of Payments (BoP), a year-on-year basis the Q1FY21 surplus stood at $19.8 billion from a deficit of $15 billion reported for the corresponding period of the previous fiscal.
-
Debit Card, Credit Card new rules come into force from October 1. All you need to know
Fyi | Sep 29, 2020, 10:06 PM ISTIn an attempt to make online and card payments more secure, the Reserve Bank of India (RBI) has issued new guidelines for banks, cardholders that will be effective from October 1, 2020.
-
RBI's role in Dhanlaxmi Bank Board should be reviewed: AIBEA
Business | Sep 27, 2020, 01:57 PM ISTThe role of Reserve Bank of India (RBI) in the Board of Directors of Dhanlaxmi Bank (originally Dhanalakshmi Bank) should be reviewed, said a top official of the largest union in the banking sector.
-
RBI announces OMO for sale, purchase of govt securities of Rs 10,000 crore
Business | Sep 07, 2020, 03:58 PM ISTThe Reserve Bank of India (RBI) on Monday announced that it will conduct simultaneous purchase and sale of government securities under the Open Market Operation (OMO) for Rs 10,000 crore each on September 10, the central bank said.
-
Loan moratorium period extendable by 2 years: Centre tells SC
Business | Sep 01, 2020, 12:05 PM ISTThe Centre and RBI on Tuesday told the Supreme Court that the moratorium period on repayment of loans amid the COVID-19 pandemic is “extendable” by two years.
-
RBI announces steps to ease pressure on liquidity: All you need to know
Business | Aug 31, 2020, 05:27 PM ISTRBI has announced term repo operations totalling Rs 1 lakh crore in mid-September to ease pressure on the liquidity and maintain congenial financial conditions with a view to ensuring sustainable recovery of economic growth.
-
RBI unlikely to extend EMI moratorium on repayment of loans beyond August 31. Know why
Business | Aug 30, 2020, 11:23 AM ISTEMI Moratorium: The six-month moratorium period comes to an end on August 31. Several bankers had asked RBI Governor Shaktikanta Das not to extend the moratorium as many are taking undue advantage of the facility
-
Total bank frauds rise more than double to ₹1.85 trillion in FY20: RBI
Business | Aug 26, 2020, 10:34 PM ISTThe annual report of Reserve Bank of India showed that the banks frauds of ₹100,000 and above have more than doubled in value to ₹1.85 trillion in FY20, with the number of such cases increasing 28% in the same period.
-
RBI announces special OMO of purchase, sale of govt securities worth Rs 20,000 crore
Business | Aug 25, 2020, 10:57 AM ISTThe Reserve Bank of India (RBI) on Tuesday announced that it will again conduct simultaneous purchase and sale of government securities under the open market operation (OMO) for Rs 20,000 crore in two tranches of Rs 10,000 crore each. The auctions will be conducted on August 27 and September 3.
-
RBI Board approves transfer of Rs 57,128 crore as surplus to govt
Business | Aug 14, 2020, 05:27 PM ISTThe decision was taken at the 584th meeting of the Central Board of the Reserve Bank of India chaired by Governor Shaktikanta Das.
-
For year 2020-21, GDP growth is estimated to be negative: RBI Governor
News | Aug 06, 2020, 04:35 PM ISTReserve Bank of India (RBI) Governor Shaktikanta Das briefed mediapersons on Aug 06.
-
RBI leaves repo rate unchanged at 4%
Business | Aug 06, 2020, 12:41 PM ISTReserve Bank of India has kept the repo rate unchanged at 4 per cent. Governor Shashikanta Das announced this during his press conference.