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  RBI extends temporary advances limit of Rs 51,560 crore for states, UTs till September

  Business | April 23, 2021 20:27 IST

  The RBI on Friday said the existing interim Ways and Means Advances (WMA) limit of Rs 51,560 crore for all states and Union Territories will continue up to September 30, 2021, as the effect of the COVID-19 pandemic is still prevalent. 

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  RBI's MPC starts deliberating on next monetary policy

  Business | April 05, 2021 17:25 IST

  RBI Governor Shaktikanta Das-headed rate-setting panel MPC started its three-day deliberation on the next monetary policy on Monday amid sudden surge in COVID-19 cases and the government's recent mandate asking the central bank to keep retail inflation around 4 per cent.

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  Banks to conduct special clearing operations for closure of govt accounts on Mar 31: RBI

  Business | March 28, 2021 17:09 IST

  Banks will conduct special clearing operations for annual closure of government accounts on March 31, which is the last day of the current fiscal year, the RBI has said.

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  Bank holidays in April 2021: Banks to remain closed on THESE dates | Check the full list

  Business | March 28, 2021 10:10 IST

  As per RBI's website, bank holidays in April include various festivals like Ram Navmi, Good Friday, Bihu, Babu Jagjivan Ram’s Birthday. Tamil New Year etc.

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  RBI asks banks to implement image-based Cheque Truncation System in all branches by Sep 30

  Business | March 15, 2021 20:35 IST

  The Reserve Bank on Monday asked banks to implement the image-based Cheque Truncation System (CTS) in all branches by September 30, a move aimed at faster settlement of cheques resulting in better customer service. 

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  RBI likely to maintain status quo on interest rate, say experts

  Business | January 31, 2021 16:00 IST

  Experts are of the view that the RBI will refrain from tinkering with the interest rates and keep the monetary stance accommodative at the policy review though it will take guidance from the budget to be unveiled by Finance Minister Nirmala Sitharaman in the Lok Sabha on February 1.

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  RBI expects GDP to turn positive in third quarter, expand at 0.1 per cent

  Business | December 04, 2020 12:19 IST

  In October, the RBI had projected the contraction in gross domestic product (GDP) at 9.5 per cent.

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  RBI asks HDFC Bank to stop digital activities, sourcing new credit card customers

  Business | December 03, 2020 12:05 IST

  HDFC Bank said the RBI order “has advised the bank to temporarily stop all launches of the digital business-generating activities planned under its program Digital 2.0 and other proposed business generating IT applications and sourcing of new credit card customers.”

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  After Reserve Bank, Nithyananda plans to set up Hindu parliament of Kailaasa

  India | August 23, 2020 18:28 IST

  Absconding godman Nithyananda now aims to follow up on his 'Reserve Bank of Kailaasa' with a Hindu parliament in the next six months, he said on Sunday.

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  SIDBI, NABARD, NHB get Rs 50,000 cr refinancing support from RBI

  Business | April 17, 2020 13:16 IST

  The Reserve Bank of India has turned its attention to meeting the funding requirements of NBFCs, MFIs and housing finance by providing special refinance facilities of Rs 50,000 crore to All India Financial Institutions (AIFIs) such as the NABARD and the SIDBI.

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  Slowing credit offtake one of major challenges for banks: RBI Governor

  Business | February 24, 2020 20:49 IST

  Reserve Bank Governor Shaktikanta Das on Monday said slowing credit growth is one of the major challenges that banks are facing currently.

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  Debit Card Holders Attention! All Indian Banks to block these ATM cards from 1st January 2020

  Business | December 31, 2019 7:33 IST

  Debit Card users alert! Are you debit card users of SBI, PNB, HDFC, ICICI, or other banks? Then this is important new for you! All public and private banks will block debit cards (ATM cards) which doesn't have EMV (Europay, Mastercard and Visa) after 1st January 2020. According to the Reserve Bank of India (RBI) guidelines, all Indian banks need to replace the magnetic debit card of their customers with a new EMV card.

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  Sensex rises over 250 pts on strong global cues; Nifty above 12K

  Business | December 13, 2019 10:06 IST

  After rising 284 points in early session, the 30-share index was trading 244.04 points or 0.60 per cent higher at 40,825.75. Similarly, the broader Nifty was trading 66.20 points or 0.55 per cent up at 12,038.

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  Telecom tariff hike may add to inflation: Shaktikanta Das

  India | December 05, 2019 19:07 IST

  The revised rates of telecom operators will add to the inflation rate in the country. Reserve Bank Governor Shaktikanta Das said on Thursday.

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  Retail inflation jumps to 4.62 per cent in October

  Business | November 13, 2019 18:44 IST

  The inflation based on Consumer Price Index (CPI) was 3.99 per cent in September and 3.38 per cent in October 2018. The inflation in the food basket spiked to 7.89 per cent in October 2019 as against 5.11 per cent the preceding month

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  PMC Bank Crisis: How RBI's restrictions hurt lakhs of depositors

  Business | September 26, 2019 23:57 IST

  PMC Bank Crisis: The Reserve Bank of India's banking restrictions on Punjab and Maharashtra Cooperative Bank (PMC Bank) has left lakhs of depositors into a huge snag. What will happen to depositors money if the bank fails? How RBI's restrictions hurt lakhs of PMC Bank depositors?

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  RBI cracks whip on PMC Bank for 6 months. Here's what it means

  Business | September 24, 2019 19:27 IST

  PMC Bank Restricted: The Reserve Bank of India (RBI) on Tuesday barred Mumbai-based Punjab and Maharashtra Cooperative Bank (PMC Bank) from carrying out any kind of business transactions for six months for violation of various regulations. Here's how it is going to impact customers and market:

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  India's services exports rise 6.6% to to $17.94 bn in March

  Business | May 15, 2019 21:00 IST

  India's services exports rose by 6.6 per cent to USD 17.94 billion in March, according to the data released by the Reserve Bank Wednesday.

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  India's wholesale price inflation eases to 6-month low of 2.84% in Jan

  Business | February 15, 2018 14:10 IST

  Calculated on the basis of Wholesale Price Index (WPI), the inflation was 3.58 per cent in December 2017 and 4.26 per cent in January 2017.

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  Monetary Policy 2017: Loans may get cheaper as RBI brings down repo rate to 7-year-low of 6 pc

  August 02, 2017 15:03 IST

  The cut in the key lending rate comes on the back of the sharp dip in retail inflation over the past few months. The revised repo rate at 6 per cent is the lowest in six-and-a-half years since November 2010