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  Online payment fraud cases jumped by 400 percent, RBI releases shocking data

  Technology | June 01, 2024 15:20 IST

  The Reserve Bank of India has shared data on the frauds that occurred in the last financial year, and the numbers are alarming. The rise in UPI payments has corresponded with a similar increase in online fraud cases.

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  RBI transfers 1000 tonnes of gold from UK to its vaults in India

  Business | May 31, 2024 17:13 IST

  In the biggest logistical exercise to move huge quantity of gold since 1991, the Reserve Bank of India transfers 1000 tonnes of gold to its vaults in India. The move is guided by the management of overseas gold reserve considering its rise in recent years.

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  Bank Holidays in June 2024: Banks to remain shut for 12 days | Check details here

  Business | May 27, 2024 11:45 IST

  Bank Holidays in June 2024: All public and private banks in India, including the State Bank of India, will be closed for at least 12 days in June 2024 due to religious festivals, regional holidays, and weekends.

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  RBI approves highest-ever dividend of Rs 2.11 lakh crore to govt: How does Central Bank earn profit?

  Explainers | May 27, 2024 8:22 IST

  The decision to pay the highest-ever dividend to the government was taken at the 608th meeting of the Central Board of Directors of the Reserve Bank of India held under the chairmanship of Governor Shaktikanta Das.

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  Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI

  Business | May 24, 2024 18:13 IST

  Following three weeks of successive increase, the Indian foreign exchange reserve registers all time high growth. Earlier in the week ending on April 5, the highest ever forex reserve was achieved with USD 648.562.

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  India's foreign exchange reserves jump USD 3.7 billion

  Business | May 11, 2024 12:30 IST

  Forex reserves are assets that are held by a nation's central bank or monetary authority. It's generally held in reserve currencies, usually US Dollar and, to a lesser degree, Euro, Japanese Yen, and Pound Sterling.

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  97.76 per cent of Rs 2,000 currency notes returned, says RBI

  May 02, 2024 19:25 IST

  The total value of Rs 2,000 banknotes dropped drastically from Rs 3.56 lakh crore in May 2023 to just Rs 7,961 crore by April 30, 2024, indicating a substantial decline, according to RBI statements.

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  Are banks closed on May 1? | Check complete list of bank holidays in May 2024

  Business | April 30, 2024 10:28 IST

  Bank holidays May 2024: The Reserve Bank of India shared the list of bank holidays for the upcoming month which includes Sundays, second and fourth Saturdays as well as a list of public holidays.

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  RBI bars Kotak Mahindra Bank from onboarding new online customers, issuing fresh credit cards

  Business | April 24, 2024 17:03 IST

  The RBI's action follows deficiencies in Kotak Bank's IT risk management and information security governance.

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  RBI April's Bulletin claims extreme weather may pose risk to inflation across country

  Business | April 23, 2024 19:28 IST

  The Reserve Bank, which mainly factors in CPI while arriving at its bi-monthly monetary policy, has kept the key interest rate unchanged at 6.5 per cent since February 2023, citing concerns on the inflation front.

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  Banks closed on April 19: Bank holiday in THESE cities due to Lok Sabha Elections 2024 | Check list

  Business | April 18, 2024 12:14 IST

  Ahead of the polls, states like Uttarakhand, Nagaland, and Tamil Nadu have declared special holidays to ensure citizens’ participation. States such as Arunachal Pradesh, Assam, Bihar, Chhattisgarh, and others have also announced bank holidays for April 19, 2024, in line with the elections.

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  RBI issues draft guidelines on payment aggregators | Check details

  Business | April 17, 2024 10:41 IST

  The draft said non-banks providing PA-P services should have a minimum networth of Rs 15 crore at the time of submitting an application to the RBI for authorisation and a minimum networth of Rs 25 crore by March 31, 2028.

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  RBI to expand central bank digital currency trails beyond banks: All you need to know

  April 06, 2024 17:05 IST

  RBI is currently conducting CBDC pilots in Retail and Wholesale segments with different use cases and participating banks. Now, the central bank has proposed to expand trails beyond banks to non-bank payment system operators.

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  India's foreign exchange reserves jump USD 2.95 billion to new all-time high of USD 645.58 billion

  Business | April 05, 2024 18:02 IST

  Business news: According to the Reserve Bank of India, Gold reserves increased USD 673 million to USD 52.16 billion during the week. The Special Drawing Rights were down USD 73 million to USD 18.145 billion, the apex bank added.

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  RBI to allow third-party apps to use prepaid wallets for UPI payments

  April 05, 2024 17:31 IST

  The latest announcement by the Reserve Bank of India will enable prepaid wallet users to conduct transactions using UPI. Till now, users were restricted to transacting through apps provided by their PPI issuers.

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  RBI announces mobile app to facilitate investment in government securities

  Technology | April 05, 2024 14:46 IST

  The dedicated mobile application for the Retail Direct Scheme will help individual investors make seamless transactions and will simplify access to government securities.

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  97.69 per cent of Rs 2000 currency notes returned, Rs 8,202 crore yet to come: RBI

  Business | April 01, 2024 20:14 IST

  The Reserve Bank of India said the Rs 2,000 notes, that were in circulation till May 19, 2023, continue to be legal tender.

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  Bank Holidays in April 2024: Banks to remain shut on THESE days, check complete list

  Business | March 30, 2024 19:39 IST

  The Reserve Bank of India shared the list of bank holidays for the upcoming month which includes Sundays, second and fourth Saturdays as well as a list of public holidays.

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  Facility to exchange, deposit Rs 2,000 notes not available on April 1: Here's why

  Business | March 29, 2024 11:58 IST

  The Reserve Bank of India (RBI) declared the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023.

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  RBI directs THESE banks to remain open even on Sunday, March 31 | Check full list

  Business | March 21, 2024 7:17 IST

  The central bank has urged all agency banks involved in government transactions to keep their services available to the public on Sunday, March 31.