Reserve Bank of India
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India
Govt to ban all private cryptocurrency; RBI to launch official digital currency
New Delhi: Days after the Reserve Bank of India (RBI) said it was examining a need to introduce central bank digital currency (CBDC) in the country, reports said that the…
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Business
Rupee falls 16 paise on dollar buying by banks
Mumbai: The rupee depreciated by 16 paise to close at 73.29 against the US dollar on Monday due to dollar buying by banks. The Indian currency opened at 73.16 at…
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News
SC allows trading in cryptocurrency, quashes ban imposed by RBI
New Delhi: The Supreme Court on Wednesday allowed trading in cryptocurrency, overruling an earlier ban imposed by the Reserve Bank of India (RBI) on dealing in virtual currencies such as…
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Business
RBI imposes penalty on four banks for non-compliance of KYC/AML rules
Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.75 crore on four public sector banks for non-compliance with KYC requirement and norms for opening of…
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Business
Banks to attract penalty if ATMs run dry: RBI
New Delhi: The Reserve Bank of India (RBI) shall now impose a penalty on banks if they run out of cash in their ATMs for more than three hours, sources…
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Business
RBI has scope for another interest rate cut due to lower WPI inflation: Ind-Ra
New Delhi: India Ratings and Research (Ind-Ra) said on Friday that a key driver of lower wholesale inflation has been manufactured products where inflation declined to 1.28 percent in May…
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Business
RBI issues revised norms on stressed assets
Mumbai: The Reserve Bank of India (RBI) on Friday released fresh guidelines to deal with bad loans, which mandated banks to start the resolution even if there was a one-day…
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Stock Market
Equities trade lower ahead of RBI monetary policy meet
Mumbai: Equity benchmark indices were in the negative zone during early hours on Thursday as investors awaited the outcome of Reserve Bank of India’s monetary policy committee meeting on key…
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Business
Financial Literacy Week to commence from June 3-7, says RBI
Mumbai: Financial Literacy Week 2019 will be observed from June 3-7 on the theme of “Farmers” and how they benefit by being a part of the formal banking system, said…
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Business
YC Deveshwar: ITC’s longest-serving corporate passes away
NEW DELHI: ITC Chairman Yogesh Chander Deveshwar died on Saturday in a Gurugram hospital. He was 72 and was ITC’s longest-serving corporate head. The cause of his death is not…
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India
PM Modi condoles death of ITC chairman YC Deveshwar
New Delhi: Prime Minister Narendra Modi on Saturday condoled the death of ITC executive chairman and CEO YC Deveshwar, who passed away in the morning after suffering a prolonged illness.…
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Business
States’ debt rising despite moderation in interest payment, RBI tells Finance Commission
Mumbai: The fiscal deficit of states is budgeted to be lower in 2019-20 but revised estimates and actuals deviate significantly which reflect poor fiscal marksmanship, the Reserve Bank of India…
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India
Astounding Centre doesn’t want to disclose info about loan defaulters, says Prashant Bhushan
New Delhi: It is astounding that there is Rs 10 lakh crore non-performing assets (NPAs) of banks, but the Central government does not want to disclose details about defaulters, said…
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Business
Retail inflation moves up marginally to 2.86 pc in March
NEW DELHI: Retail inflation across the country accelerated to 2.86 per cent in March from 2.57 per cent in February due to higher food prices, according to official data released…
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Business
RBI moves to stimulate growth, lowers repo rate by 25 basis points to 6 pc
Mumbai: The Reserve Bank of India (RBI) on Thursday cut repo rate for the second consecutive time this year to 6 percent from the current 6.25 percent, a move that…
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Stock Market
Stock markets subdued in early trading ahead of RBI meet
Mumbai: Equity benchmarks tripped between gains and losses on Thursday morning as investors awaited for the Reserve Bank of India (RBI) to release its policy statement later during the day.…
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Stock Market
Indices touch new highs but suffer sharply in late trading
Mumbai: Equity benchmark indices hit all-time highs on Wednesday morning but afternoon trade wiped out early gains as shares of the oil marketing companies slipped sharply into the red. The…
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Stock Market
Good corporate earnings will boost market sentiment: Shah
Mumbai: Stock market expert Sunil Shah said on Wednesday the benchmark indices could go up further if corporate earnings for the last quarter of 2018-19 are above expectations. The figures…
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Business
RBI working on regulatory guidelines for Fin-Tech companies
New Delhi: The Reserve Bank of India (RBI) will set up a regulatory sandbox to benefit financial technology (Fin-Tech) companies by way of reduced time to launch innovative products at…
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