Reserve Bank of India
- 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…
- 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…
- 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…
