Mumbai | The Reserve Bank of India and two private banks on Tuesday got threats of bombs allegedly planted at 11 of their locations in the city to demand the resignations of the central bank’s Governor and the Union Finance Minister. The threats came from the sender claiming to be from ‘Khilafat India’ on email […]
New Delhi | Amid doubts being raised over state-owned banks’ exposure to Adani group, the Reserve Bank of India (RBI) on Friday said that “the banking sector remains resilient and stable”. “There have been media reports expressing concern about the exposures of Indian banks to a business conglomerate. As the regulator and supervisor, the RBI maintains […]
New Delhi | The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday in a 5:1 decision increased the repo rate by 35 basis points (bps) to 6.25 per cent to contain inflation. It is the fifth straight rate hike by the central bank in this financial year. Prior to this, the RBI […]
New Delhi | The Reserve Bank of India’s (RBI) first pilot project for retail digital Rupee (ea,-R) would be launched on December 1, 2022. The pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants, a statement issued by RBI said. The ea,-R would be in the form of a digital […]
Mumbai | The Reserve Bank of India (RBI) on Thursday cancelled the licence of The Laxmi Co-operative Bank Ltd in Maharashtra’s Solapur. Consequently, the bank ceases to carry on banking business, with effect from the close of business on September 22. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to […]
New Delhi | The central bank Reserve Bank of India (RBI) cleared the air by saying that it has no proposal to bring about changes to the existing currency and bank notes by replacing the face of Mahatma Gandhi with that of others. “There are reports in certain sections of the media that the Reserve Bank […]
New Delhi | Reserve Bank of India Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee (MPC) of the central bank, in an off-cycle meeting, hiked the repo rate by 40 basis points (bps) to 4.40 per cent with immediate effect. Repo rate is the rate at which the central bank lends short-term funds […]
New Delhi | With the government announcing its own digital currency by 2023, industry experts on Wednesday welcomed the move, albeit with caution as there is no formal Crypto Bill in place that clears the air around its use, and the Reserve Bank of India (RBI) is yet to take concrete steps on the long-haul journey. […]
New Delhi | The Reserve Bank of India on Thursday extended the last date for Know Your Customer (KYC) updation for bank accounts by three months to March 2022. The RBI, through a notification, said it is extending the deadline in view of the “prevalent uncertainty due to new variant of Covid-19”. In May 2021, RBI […]
Mumbai | The Reserve Bank of India (RBI) on Friday proposed to introduce a framework for carrying out retail digital payments in offline mode across the country. In common parlance this means introduction of facility where digital transactions could be carried out even in situations where the Internet connectivity is low / not available (offline mode). […]
