Reserve Bank Of India (RBI): News
14 Oct 2019
Mumbai PolicePMC Bank crisis: RBI hikes withdrawal limit to Rs. 40,000
In a major relief for customers of the crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank, the Reserve Bank of India (RBI) raised the withdrawal limit for account holders to Rs. 40,000, on Monday. Earlier, this limit was Rs. 25,000.
13 Oct 2019
India#EconomicSlowdown: World Bank cuts India's growth rate projection to 6%
The country's "well-learned" union ministers may want you to believe that there is no economic slowdown whatsoever, but data points otherwise.
09 Oct 2019
Times of IndiaSelling jewelry to survive after PMC Bank's collapse: TV actress
Evidently, the ongoing Punjab & Maharashtra Co-operative Bank crisis has affected the lives of its customers/account-holders.
04 Oct 2019
Repo RateRBI cuts repo rate, slashes GDP growth estimates
On Friday, the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 5.15% in its "accommodative" stance to revive growth.
03 Oct 2019
Mumbai PolicePMC Bank crisis: Two HDIL Directors arrested
Amid the Punjab Maharashtra Co-operative (PMC) Bank crisis, the Economic Offense Wing of the Mumbai Police arrested two directors of the real estate firm Housing Development and Infrastructure Limited, or HDIL, on Thursday.
30 Sep 2019
FacebookFacebook Libra launch could get delayed due to regulatory concerns
The launch of Facebook's cryptocurrency Libra could get delayed beyond the scheduled target of June 2020 owing to regulatory concerns that have been raised around the world.
06 Sep 2019
Anurag ThakurAmid economic slowdown, Anurag Thakur faces embarrassment at auto event
On Friday, Minister of State for Finance Anurag Thakur addressed the slowdown in the auto industry at the Automotive Component Manufacturers Association of India (ACMA) annual summit in New Delhi.
29 Aug 2019
IndiaSoon, RBI to introduce varnished Rs. 100 currency notes
In its annual report for FY 2018-19 released today, the Reserve Bank of India (RBI) announced that it is planning to introduce varnished currency notes of Rs. 100 denomination, on a field-trial basis.
27 Aug 2019
Nirmala Sitharaman#NewsBytesExplainer: Why is RBI giving Rs. 1.76L crore to government
Amid an economic slowdown in the country, Reserve Bank of India (RBI) stepped in to bail out Prime Minister Narendra Modi's government.
21 Aug 2019
Nirmala SitharamanNow, you may need recipients' permission to do bank transfer
In a unique development, banks may be required to seek permission from account holders before money is transferred into their accounts, reports said.
26 Jul 2019
Aadhaar CardHow 'Sahamati' will make bank A/C opening, loans completely digital
After Aadhaar, Nandan Nilekani is ushering the next phase of digital India.
26 Jul 2019
IndiaSoon, you will be able to send money on WhatsApp
Since last year, WhatsApp, one of the world's biggest messaging apps, has been testing a payments service in India.
25 Jul 2019
IndiaFive common myths around No-Cost EMIs, busted!
Many e-commerce websites and offline stores often offer "No-Cost EMIs" on various products like smartphones, laptops, home appliances, etc.
12 Jul 2019
IndiaFive famous and successful alumni of IIM-Ahmedabad to know about
The Indian Institutes of Management (IIMs) are the most sought-after business schools in the country that provide quality management education.
11 Jul 2019
IndiaFacebook's Libra cryptocurrency won't launch in India: Details here
In a matter of months, Facebook plans to launch a cryptocurrency, dubbed Libra, to streamline digital payments between individuals as well as businesses.
07 Jul 2019
IndiaPNB reports Rs. 3,800cr fraud by Bhushan Power & Steel
Punjab National Bank (PNB) on Saturday said that it has detected a fraud of Rs. 3,800 crore in the non-performing asset (NPA) account of Bhushan Power & Steel Limited (BPSL).
06 Jul 2019
IndiaFive famous alumni of IIT Kanpur you should know about
The Indian Institutes of Technology (IITs) are the country's premier engineering institutes that are recognized as centers of academic excellence in science and technology.
02 Jul 2019
IndiaFive famous alumni of IIT Delhi you should know about
The Indian Institutes of Technology (IITs) are the country's premier engineering institutes that are recognized as centers of academic excellence in science and technology.
24 Jun 2019
Urjit PatelRBI's Deputy Governor Viral Acharya quits before term ends: Report
Viral Acharya, the Deputy Governor of Reserve Bank of India (RBI), has tendered his resignation, Business Standard reported on Monday.
20 Jun 2019
ResearchTezpur University researchers have a solution for fake currency: nano-ink!
Counterfeiting or fake currency is a problem that authorities across the globe have struggled to constrain. Miscreants are often drawn to counterfeiting as it's a real money-making (illicit) business, and it's hard to trace once the currency is in circulation.
11 Jun 2019
IndiaNo charges on RTGS, NEFT transfers from July 1: RBI
The Reserve Bank of India (RBI) has decided to waive off all charges on RTGS and NEFT system fund transfers from July 1, 2019.
10 Jun 2019
IndiaSoon, buying Bitcoin, other cryptocurrencies could land you in jail
India's stance towards cryptocurrencies like Bitcoin and Ethereum could soon get a whole lot stringent.
08 Jun 2019
India#FinancialBytes: What is the difference between RTGS and NEFT transfers?
In a bid to boost digital transactions, the Reserve Bank of India on Thursday decided to waive off charges on RTGS and NEFT System fund transfers.
06 Jun 2019
State Bank of India (SBI)Now transfer money for free: RBI removes NEFT, RTGS charges
In a move to boost digital transactions, the Reserve Bank of India (RBI) on Thursday removed NEFT and RTGS charges from transactions.
01 Jun 2019
Aadhaar CardNow, banks can use Aadhaar for KYC verification: Details here
Banks are now allowed to use Aadhaar as proof for Know Your Customer (KYC) verification, upon getting consent from the customer, according to the Reserve Bank of India (RBI).
21 May 2019
India#FinancialBytes: Lost credit card? Here's what you should do next
Credit cards are one of the widely-used cashless payment methods because of the convenience they offer.
04 May 2019
India#FinancialBytes: About SBI's interest rate-repo rate linkage and its impact
State Bank of India (SBI) is the largest public sector bank in the country with more than 42 crore customers.
28 Apr 2019
State Bank of India (SBI)#FinancialBytes: Here's what changes for SBI customers from 1 May
The state-owned State Bank of India (SBI) is the largest public sector bank in the country with more than 42 crore customers.
27 Apr 2019
IndiaRBI set to issue new 'greenish yellow' Rs. 20 notes
The Reserve Bank of India has announced that it would issue new Rs. 20 notes shortly. The notes in the Mahatma Gandhi (New) series will be greenish yellow in color and will bear the signature of Governor Shaktikanta Das.
09 Apr 2019
FlipkartSoon, Flipkart will offer loans with instant video verification
Flipkart is working on a new video-based verification method to extend instant loans to customers and expand its footprint in the Indian market.
03 Apr 2019
India#FinancialBytes: 6 facts you never knew about your credit score
In financial terms, Credit score is a three-digit number that can help determine your chances to get a loan. Banks and other financial institutions often use it to decide whether you should be issued a credit card/loan or not.
16 Mar 2019
IndiaOnline movie ticket-booking platforms cannot charge 'Internet Handling Fees': RBI
Booking movie tickets has never been easier thanks to online movie ticket booking platforms. Everyone who has ever booked movie tickets online knows about "Internet Handling Fees" levied by every online ticketing platform.
14 Mar 2019
Wholesale Price Index (WPI)Inflation based on wholesale prices rises to 2.93% in February
Inflation based on wholesale prices rose to 2.93% in February over the previous month, due to hardening of prices of primary articles, fuel and power, according to government data released today.
09 Mar 2019
India#FinancialBytes: 5 common myths around No-Cost EMIs, busted!
Many e-commerce websites and offline stores often offer "No-Cost EMIs" on various products like smartphones, laptops, home appliances, etc.
05 Mar 2019
TechnologyFraudsters can use this app to steal your money: RBI
Amid increasing cases of online fraud, the Reserve Bank of India (RBI) has issued an advisory warning about an app that can wipe your accounts clean.
26 Feb 2019
BusinessRBI proposes new pay-norms for top-officials of private, foreign banks
The RBI yesterday proposed that at least 50% of compensation of senior officials of private and foreign banks, including whole time directors and chief executive officers, "should be variable".
07 Feb 2019
Repo RateRBI cuts repo rate by 25bps; loans/EMIs to get cheaper
Taking a major policy U-turn, the RBI's six-member Monetary Policy Committee (MPC) headed by newly-appointed Governor Shaktikanta Das lowered the repo rate by 25 basis points to 6.25%.
19 Jan 2019
IndiaHow to use ATMs with security features for chip-based cards
On January 1, the Reserve Bank of India enforced its decision to make microchip-based debit/credit cards mandatory in India.
17 Jan 2019
BusinessMay need more currency as GDP size increasing: RBI official
With the country's Gross Domestic Product (GDP) size increasing in quantitative terms, there could be a need for more currency in the economy, a Reserve Bank of India official said today.
17 Jan 2019
Jet AirwaysLenders may bring out resolution plan for Jet Airways: SBI
State Bank of India (SBI) today said lenders are considering a resolution plan for Jet Airways to ensure the long-term viability of the debt-laden company.
