Reserve Bank Of India (RBI): News
19 May 2017
IndiaFour new cyber cells for Mumbai Police
Amid a rise in cyber attacks, Mumbai Police have decided to form four new cyber cells. Moreover, 186 posts have been sanctioned for these new cells.
09 May 2017
IndiaDemonetization - Cash making a comeback
Data from the Reserve Bank of India have indicated that cash withdrawal levels for March 2017 were 0.6% higher than that of last year, suggesting that cash withdrawal levels from ATMs have normalized.
29 Apr 2017
IndiaNPS account holders need to be FATCA compliant
One will now have to submit a self-certification of FATCA (Foreign Account Tax Compliance Act) for their National Pension System (NPS) accounts opened on or after July 1, 2014.
19 Apr 2017
IndiaJeweller's Swiss Bank details revealed, imprisoned for 2 years
The owner of a famous jewellery showroom in Dehradun was sentenced to a two-years stringent punishment for hiding his Swiss bank account from the Income-Tax (IT) Department.
18 Apr 2017
PaytmPaytm Food Wallet to tackle outdated paper-based meal vouchers hiccup
As per RBI, meal paper vouchers given out by firms are not going to be valid after December 31, 2017, and it has to make a digital leap.
17 Apr 2017
IndiaUnion Bank's July 2016 crisis - $171mn hacked
In July'16, Union Bank of India faced a major crisis - hackers had swindled $171mn (Rs. 1,100cr) from its Nostro account (a bank's account holding foreign currency in another bank).
13 Apr 2017
IndiaHeadline inflation is up, but don't expect rate hike soon
While RBI withheld its decision to revise the policy rate due to impending Monsoon, headline inflation swelled up to a 5 month high, failing to contain rising fuel prices.
13 Apr 2017
IndiaAmazon India receives RBI approval for digital wallet service
Amazon India has received a payment license from the Reserve Bank of India (RBI) allowing it to offer a digital wallet service to its users.
12 Apr 2017
AssamAssam's only all-women bank: KMUCB addresses women's financial concerns
Only 26% of Indian women hold an account with a formal financial institution.
11 Apr 2017
IndiaRBI speeds up settlement time for NEFT clearance
RBI has decided to reduce the time frame for the settlement of National Electronic Funds Transfer (NEFT) from 1 hour to 30 minutes in its revamped monetary policy.
09 Apr 2017
West BengalDemonetized notes now being exchanged via NRI loophole
Usually, NRIs send foreign perfumes and chocolates back home, and receive nostalgia-laden packages.
06 Apr 2017
MumbaiMumbai: 2,000 people duped by online friendship clubs
The Bandra-Kurla Complex cyber police apprehended an online friendship club which successfully fooled 2,000 people over the last two years.
05 Apr 2017
West BengalKarnataka 3rd in child marriage cases, follows TN and WB
According to National Crime Records Bureau, Karnataka has registered the third highest number of child marriage cases for 3 years.
05 Apr 2017
IndiaRBI may get government help in tackling bad loans
The government is now mulling about passing a legislation, which will allow the Reserve Bank of India (RBI) to tackle stressed assets.
31 Mar 2017
AIBEAPayment systems to remain closed on April 1: RBI
The Reserve Bank of India (RBI) announced that all payment operations will remain shut on April 1.
22 Mar 2017
Supreme Court Of IndiaDemonetized banknotes: Why deposits stopped after 31 Dec, asks SC
The Supreme Court questioned the Centre why people who couldn't deposit demonetized Rs. 500 and Rs. 1000 notes before 31 Dec'16 weren't given time until 31 March, if they had genuine reasons.
22 Mar 2017
New ZealandPlastic currency notes - RBI to begin field trials soon
The Reserve Bank of India (RBI) is planning to introduce new Rs 10 plastic currency notes on trial basis from September.
15 Mar 2017
IndiaOld notes worth Rs. 473 crore still with cooperative banks
District Cooperative Central Banks (DCCB) in Karnataka had continued accepting deposits in banned currencies (Rs. 500 and Rs. 1,000) even after being prohibited by the Reserve Bank of India (RBI).
05 Mar 2017
Reliance JioJio Payments Bank receives RBI nod
Jio Payments Bank (JPB), a joint venture between State Bank of India and Reliance Industries Limited, has received the crucial go-ahead from the RBI.
28 Feb 2017
Delhi PoliceDelhi inaugurates India's first integrated heliport
India's first integrated heliport was inaugurated on Tuesday by Civil Minister Gajapathi Raju.
22 Feb 2017
MumbaiBMC polls: Many celebs, citizens go missing from voters' list
Many celebrities, including Varun Dhawan, Sanjeev Kapoor, and Paresh Rawal, went missing from the voters' list in the BMC elections.
20 Feb 2017
IndiaBharatQR code launched today for seamless payments
To enable seamless retail payments, the government today launched BharatQR code. The quick response (QR) code will enable digital payments without card swiping machines.
17 Feb 2017
IndiaRs. 2000 notes printed when Rajan was governor
Reports revealed that even though the Rs. 2000 bears the signature of current RBI governor Urjit Patel, the printing began when Raghuram Rajan was in office.
17 Feb 2017
Kotak Mahindra BankAxis-Kotak merger talk rife in spite of official denial
Shares of private banks Axis Bank Ltd and Kotak Mahindra Bank Ltd have shot up by 3.38% and 8.31%, respectively, since December amid speculations of a potential merger among them.
15 Feb 2017
Manohar ParrikarBengaluru: Rumours on demonetization of Rs 10 coins create panic
Rumours about demonetization of Rs 10 coins spread in Bengaluru, creating chaos as more and more citizens found it difficult to use their coins for payment.
14 Feb 2017
Wholesale Price Index (WPI)Inflation at a five year low
First time in five years, the Consumer Price Index (CPI) eased to the lowest point of 3.17 % in January 2017.
14 Feb 2017
IndiaSEBI will allow new players in the commodity derivatives market
The Security Exchange Board of India (SEBI) will allow India's commodity derivatives market to new participants in a phased manner.
09 Feb 2017
BusinessRepo rate unchanged at 6.25%, monetary policy 'neutral'
The rupee closed at a three-month peak of 67.19, and Sensex fell by 45.24 points after the RBI kept repo rate unchanged at 6.25%.
08 Feb 2017
Monetary Policy CommitteeRBI maintains status quo on Repo rate
Reserve Bank of India kept Repo rate steady at 6.25 per cent as announced in its Monetary Policy Review on Wednesday.
27 Jan 2017
Navi MumbaiDon't create a point of view: SRK tells media
In a recent interview, SRK blamed the media for questioning the absence of an "Indian Meryl Streep", referring to her speech about Trump.
21 Jan 2017
FlipkartE-commerce sector losses could remonetize economy
E-commerce sector biggies like Flipkart, Snapdeal and Amazon have cumulatively reported an increase of 51% of total losses amounting to Rs.11,754 crore.
