Reserve Bank of India
- Business
RBI to roll out AI-driven system to protect interests of bank customers
Mumbai: In order to protect the interests of customers of banks and NBFCs, the Reserve Bank plans to focus on embedding AI and other related tools in the complaint management system (CMS)…
- India
RBI’s balance sheet rises 11% to Rs 70.47 lakh cr in FY24
Mumbai: The size of Reserve Bank’s balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according…
- Business
RBI sees real GDP growth at 7 pc in FY25
Mumbai: Indian economy is likely to grow at 7 per cent in the current fiscal year starting April, the Reserve Bank of India (RBI) said in its annual report released on Thursday.…
- Business
RBI fines HSBC Ltd for violating norms
Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of Rs 36.38 lakh on HSBC Limited for violation of directions on reporting requirements under the Liberalised Remittance Scheme of FEMA.…
- Business
Industry hails RBI’s 3 new initiatives to bolster fintech sector
New Delhi: The fintech industry leaders on Wednesday hailed the three major initiatives of the Reserve Bank of India (RBI) which include the PRAVAAH portal, the Retail Direct Mobile App and a…
- Business
Sensex, Nifty hit all-time peaks after RBI’s highest-ever dividend announcement
Mumbai: Benchmark equity indices rallied on Thursday, with the Sensex and Nifty hitting their lifetime peaks, after the RBI approved the highest-ever dividend of Rs 2.11 lakh crore to the government and…
- India
RBI approves highest-ever dividend of Rs 2.11 lakh crore to govt
Mumbai: The Reserve Bank on Wednesday approved the highest-ever dividend payout of Rs 2.11 lakh crore to the central government for 2023-24, a decision which will help better manage the fiscal deficit.…
- Business
Zomato to surrender RBI licence to operate as online payment aggregator
New Delhi: Food tech major Zomato on Monday said its subsidiary Zomato Payment Pvt Ltd (ZPPL) has decided to voluntarily surrender the certificate of authorisation it obtained from the Reserve Bank to…
- Business
RBI lifts ban on Bank of Baroda’s BoB World
Mumbai: Bank of Baroda said on Wednesday that the RBI has lifted its ban on BoB World and the bank has now been allowed to onboard customers through the app. The bank…
- Hyderabad
Banks in Hyderabad to observe eight holidays in May
Hyderabad: The banks in Hyderabad are set to observe eight holidays in May 2024. Some of them are declared by the Reserve Bank of India (RBI) under the Negotiable Instruments Act. According…
- Business
RBI tweaks rules to cut risk banks face in exposure to capital markets
Mumbai: The RBI on Friday tweaked rules to reduce the risk faced by banks in their exposure to capital market in the case of issue of Irrevocable Payment Commitments (IPCs). The RBI…
- India
Over 97 per cent of Rs 2000 banknotes returned: RBI
Mumbai: The Reserve Bank of India (RBI) said in its currency update on Thursday that 97.76 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, when their…
- India
Enlightened leadership needed: Ex-RBI chief on north-south divide
New Delhi: Former RBI Governor Duvvuri Subbarao has opined that only enlightened leadership at Centre and state levels can resolve the complex north-south divide in deciding on the distribution of the tax…
- India
Stop charging extra interest on loans: RBI to banks
Mumbai: The Reserve Bank of India (RBI) on Monday directed banks and NBFCs to immediately review their practices to ensure that they are fair and transparent in the interest they charge customers…
- Business
RBI issues alert against prepaid payment instruments by illegal entities
Mumbai: The Reserve Bank of India (RBI) on Thursday cautioned the public against Prepaid Payment Instruments issued by unauthorised entities. “Members of public are urged to exercise utmost caution while using websites/…
