Reserve Bank of India
- India
People can send Rs 2,000 notes by post to RBI offices
New Delhi: As people queued up at some RBI branches to exchange withdrawn Rs 2000 bank notes, the central bank said there is no need to panic as people can send their…
- India
More than 97% of Rs 2,000 notes returned to banking system: RBI
Mumbai: The Reserve Bank of India (RBI) on Wednesday said that more than 97 per cent of the Rs 2,000 bank notes have been returned to the banking system and only about…
- Business
Interest rate to remain high for now, says RBI Governor Das
New Delhi: Reserve Bank Governor Shaktikanta Das on Friday said interest rate will remain high at the moment, and only time will tell for how long it remains at elevated level. In…
- Technology
RBI slaps Rs 12 cr fine on ICICI Bank, Rs 3.85 cr penalty on Kotak Mahindra Bank
Mumbai: The RBI on Tuesday imposed a penalty of Rs 12.19 crore on ICICI Bank Ltd and slapped a fine of Rs 3.95 crore on Kotak Mahindra Bank Ltd for the violation…
- Business
People queue up at RBI offices to exchange Rs 2,000 notes
New Delhi: With banks stopping accepting Rs 2,000 notes, people have started queuing up at 19 Reserve Bank of India offices to exchange the high denomination currency, which was withdrawan from circulation.…
- Business
RBI imposes Rs 5.39 crore penalty on Paytm Payments Bank
Mumbai: The Reserve Bank of India on Thursday said it has imposed a penalty of Rs 5.39 crore on Paytm Payments Bank Ltd for non-compliance with certain provisions, including Know Your Customer…
- Business
RBI bans Bank of Baroda from onboarding new customers on its mobile app
Mumbai: The Reserve Bank of India on Tuesday barred state-owned Bank of Baroda from onboarding new customers on its mobile app ‘bob World’ following material supervisory concerns. Responding to the RBI’s directions,…
- India
No major problem with central govt finances: RBI Governor
Mumbai: Governor Shaktikanta Das on Friday said the RBI does not see “any major problem” or any other worries with the central government finances. The government has promised to stick to the…
- India
RBI retains repo rate
Mumbai: The Reserve Bank of India on Friday decided to keep the policy rate unchanged for fourth time in a row as it maintains a tight vigil on inflation. The rate increase…
- Hyderabad
Hyderabad: Know RBI-announced bank holidays in October
Hyderabad: For the month of October, the Reserve Bank of India (RBI) has announced holidays for banks in Hyderabad and other cities across India. According to the RBI, there are a total…
- India
RBI-MPC’s decision on repo rate may be unanimous but not on the stance: Economists
Chennai: While there will be unanimity on not changing the repo rate from the current 6.5 per cent, there will be divergence within the Reserve Bank of India’s (RBI) Monetary Policy Committee…
- India
RBI extends deadline to exchange, deposit Rs 2,000 notes till Oct 7
Mumbai: The Reserve Bank on Saturday extended the special drive to withdraw Rs 2,000 bank notes from the system by another week, till October 7. The public has returned Rs 3.42 lakh…
- Business
Foreign exchange reserves fall USD 2.33 bln to USD 590.70 bln
Mumbai: The country’s foreign exchange reserves declined further by USD 2.335 billion to USD 590.702 billion for the week ended September 22, the Reserve Bank said on Friday. In the previous reporting…
- India
India’s external debt edges past $629 billion
New Delhi: India’s external debt rose by $4.7 billion in the April-June quarter to touch the USD 629.1 billion mark, although the debt-GDP ratio declined, RBI data released on Thursday showed. “The…
- India
RBI proposes 6-month deadline for banks to identify wilful defaulters
Mumbai: The RBI in its draft master directions issued on Thursday has proposed that lenders should label defaulting borrowers as ‘wilful defaulters’ within six months of an account turning non-performing asset (NPA).…
