Reserve Bank of India
- News
RBI to auction govt bonds worth Rs 33000 crore on Jan 12
New Delhi: The Finance Ministry on Monday announced the sale of three categories of government bonds worth a total of Rs 33,000 crore at an RBI auction scheduled for January 12. These…
- Business
Key UPI transaction changes that come into effect in New Year
New Delhi: The Unified Payments Interface (UPI) rules have gone through some key changes in the New Year to improve online banking and payment transaction experiences. The National Payments Corporation of India…
- India
India’s current account deficit narrows in July-Sept quarter
Mumbai: India’s current account deficit narrowed in the July-September quarter of the current financial year due to a lower merchandise trade deficit and an increase in services exports, the RBI said on…
- Business
India’s forex reserves rise to 4-month high of $606.9bn
Mumbai: India’s foreign exchange reserves rose by $2.816 billion to hit a four-month high of $606.859 billion during the week ended December 8, according to RBI data released on Friday. The increase…
- India
Automatic payment limit via UPI raised to Rs 1 lakh: RBI
Mumbai: The Reserve Bank of India on Tuesday increased the limit for automatic payments through UPI to Rs 1 lakh per transaction from the existing Rs 15,000 for certain categories, including subscriptions…
- Photos
In pics: RBI monetary policy statement
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das arrives to address a press conference on monetary policy statement, at the RBI headquarters, in Mumbai, Friday, Dec. 8, 2023. (PTI Photo/Shashank Parade)…
- India
RBI maintains status quo in policy rate for 5th time now
Mumbai: The Monetary Policy Committee of the Reserve Bank of India (RBI) in its December review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining…
- Business
Markets take a breather before RBI policy announcement
New Delhi: After a flat opening Nifty traded volatile on the weekly expiry and ended the session at 20,901.15 levels. On the other hand Bank Nifty took support near 46,500 and managed…
- India
RBI says Rs 2000 notes totalling Rs 9760 crore still with public
Mumbai: The Reserve Bank of India (RBI) on Friday said nearly 97.26 per cent of the Rs 2,000 bank notes have been returned to the banking system, and only about Rs 9,760…
- Business
RBI fines HDFC Bank and Bank of America
Mumbai: The Reserve Bank of India has imposed fines on HDFC Bank and Bank of America under the powers vested in it through sections of the FEMA. While HDFC has been fined…
- Business
RBI slaps fines of Rs 10.34 cr on Citibank, BoB, IOB for breach of norms
Mumbai: The RBI on Friday slapped penalties totalling Rs 10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for the breach of banking norms. A fine of Rs 5 crore…
- Stock Market
Market expected to maintain positive momentum
New Delhi: Market is expected to maintain its positive momentum in the short term, supported by declining oil prices and moderating US yields, says Vinod Nair, Head of Research at Geojit Financial…
- Business
Banks, NBFC stocks fall as RBI moves to curb risk in consumer lending
New Delhi: Banks and NBFC stocks are down sharply in trade on Friday after the Reserve Bank of India’s (RBI) action raised the risk weightage on unsecured loans. RBL Bank is down…
- Business
RBI slaps Rs 91L fine on Axis Bank for breach of norms
Mumbai: Reserve Bank of India (RBI) on Thursday said that it has imposed a penalty of Rs 90.93 lakh on Axis Bank for breach of norms. The breach relates to directions issued…
- Business
Personal loans from banks, NBFCs may get costlier as RBI tightens norms
Mumbai: The Reserve Bank on Thursday tightened norms for unsecured personal loans for banks and non-banking financial companies. The revised norms wherein risk weights have been increased by 25 percentage points will not…
