Reserve Bank of India
- 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
India’s forex reserves rise by $2.6 billion
Mumbai: India’s foreign exchange reserves increased by $2.579 billion to $586.111 billion during the week ended October 27, the RBI said on Friday. The country’s foreign exchange reserves had fallen by $2.36…
- 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New Delhi: As people queued up at some RBI branches to exchange withdrawn Rs 2000 bank notes, the central bank said there is no need to panic as people can send their…
- 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…
- 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…
- 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…