Reserve Bank Of India (RBI): News
28 Aug 2017
India99% demonetized Rs. 1,000 notes returned to RBI
The RBI website announced that roughly 99% of the demonetized Rs. 1000 currency notes had returned into the banking system.
27 Aug 2017
IndiaAll gold transactions may soon require PAN
The panel that was set up to look at all aspects of household finance in India has recommended that PAN card should be required for all gold transactions.
26 Aug 2017
IndiaWhy can't you get new 200-rupee notes from ATMs yet?
Those who had waited eagerly for the new Rs. 200 note to enter circulation may have been disappointed; It is now clear that these notes won't be available at ATMs for at least a week.
24 Aug 2017
CelebrityRelief to SRK in Dubai villa taxation case
In relief to Shah Rukh Khan, the income-tax appellate tribunal (ITAT) has refused to include his earnings from his Dubai villa in his taxable income.
21 Aug 2017
IndiaSBI tops list of wilful default, PNB next
India's largest lender SBI is shouldering 27% of the total amount that wilful defaulters owe to the public-sector banks.
18 Aug 2017
IndiaPhotos of the new purported Rs. 50 note go viral
Images of a purported new Rs. 50 note are doing the rounds on social media. There's no official confirmation of their veracity though.
16 Aug 2017
IndiaDo you know where your old Rs. 500/1,000 notes are?
Currency in circulation still hasn't reached pre-demonetization levels. Apart from the fact that enough notes haven't been printed yet, there's another reason behind the shortage of currency, one you probably never imagined.
14 Aug 2017
IndiaDemonetization recap: The curious case of missing Rs. 500 notes
Demonetization is still fresh in our minds. After all, it was a big deal. In a single stroke, two major currency denominations, that were in use, became invalid and new notes were introduced.
04 Aug 2017
PunjabPunjab: Contrary to RBI, SBI publicly shames loan defaulter farmers
About 1.5 months ago, Punjab announced loan waivers worth Rs. 24,000cr for its small and marginal farmers, but not much seems to have changed. They are as helpless as ever.
02 Aug 2017
ICICI BankRBI cuts interest rates, loans to get cheaper
The RBI has cut repo rate by 25 basis points to 6%, the lowest in more than 6.5 years, during its policy review today.
01 Aug 2017
IndiaDebit card fraud: How can you get your money back!
With electronic methods of payment increasingly becoming the dominant way of transacting, risks of fraud are also increasing.
26 Jul 2017
State Bank of India (SBI)Rs. 200 notes might be available as early as August
If reports are to be believed, the RBI has already started printing of new Rs. 200 notes that are expected to hit the market by August.
26 Jul 2017
PaytmPaytm, Hong Kong-based AGTech Media to develop games jointly
One97 Communications-owned digital payments giant Paytm inked a joint venture deal with Hong Kong's lottery company AGTech Media, a wholly-owned subsidiary of AGTech Holdings.
22 Jul 2017
IndiaIn 2017, India has seen one cybercrime every 10 minutes
From major ransomware attacks to minor phishing rackets, India saw one incident of cybercrime per 10 minutes in the first six months of 2017: 144 per day.
20 Jul 2017
IndiaWhere are the Rs. 2000 notes?
If demonetization wasn't bad enough, the shortage of Rs. 2000 notes in the recent weeks have made market situation a tad worse.
17 Jul 2017
IndiaRBI doesn't have note-counting machines: How is it affecting remonetization?
It has been recently revealed that the Reserve Bank of India (RBI) is still waiting on 10 note counting machines from abroad, to count millions of old Rs. 500 and Rs. 1000 notes collected during demonetization
17 Jul 2017
IndiaIndia's bad loan problem will get resolved soon, says study
An ASSOCHAM study titled 'NPAs Resolution: Light at the end of tunnel by March 2019' said that the bad loan problem, crippling the economy, will soon get resolved.
13 Jul 2017
Urjit PatelDemonetization: Still counting number of returned notes, says Urjit Patel
RBI Governor Urjit Patel appeared before the Parliamentary Standing Committee on Finance to answer queries regarding demonetization.
10 Jul 2017
NepalDemonetization: Rs. 3,302cr in old notes stuck in Nepal, Bhutan
The SC has directed the Centre to open a new window for exchange of old notes. This comes as a ray of hope not only for Indians, but for several Nepalese and Bhutanese citizens.
07 Jul 2017
BusinessRBI: Report fraud within three days to avoid monetary loss
In order to safeguard customers from the growing number or frauds, the Reserve Bank of India has now capped the customer liability at Rs. 25,000, provided they report any unauthorized transaction made in their account within seven working days.
28 Jun 2017
MumbaiHeavy rains lash Mumbai for the fourth consecutive day
Mumbai had another round of downpour for the fourth consecutive day that caused huge traffic snarls and train delays for commuters.
27 Jun 2017
BASELFinance ministry to RBI, extend deadline for Basel III norms
Although RBI had extended the deadline for implementation of Basel III banking norms from March 2018 to March 2019, the finance ministry has now asked for another extension citing, banks at present have a higher capital requirement to handle NPAs.
26 Jun 2017
IndiaBanks not responsible for loss of valuables in lockers: RTI
If there is a burglary or theft at the bank where you have your safety deposit box and the perpetrators end up stealing the valuables that are present in the box, the bank will not compensate you for it.
24 Jun 2017
IndiaRBI to banks: Resolve 55 NPA cases in six months
After pegging down 12 accounts that had racked up 25% or roughly around Rs. 2 lakh crore worth non-performing assets (NPA) in the Indian banking sector, the Reserve Bank of India (RBI) has now given banks a six month time period to resolve 55 cases of bad debt or hand them over for resolution under Insolvency and Bankruptcy Code.
21 Jun 2017
IndiaBanks can deposit demonetized notes with RBI till July 20
The Finance Ministry has asked banks and post offices to deposit old demonetized notes of Rs. 500 and 1,000 at the Reserve Bank of India (RBI) by July 20.
20 Jun 2017
IndiaLanco Infratech: First of 12 blacklist companies facing bankruptcy action
Lanco Infratech was touted to be the first company amongst Reserve Bank of India's twelve blacklist companies to face bankruptcy action.
20 Jun 2017
IndiaPaytm eyes license to launch money market fund in India
The country's biggest online payments company, Paytm, is reportedly looking to gain a license that will enable it to launch a money market fund.
20 Jun 2017
IndiaThe little eatery in Bengaluru which accepts bitcoin payments
A little known fact about a rather popular Maharashtrian cuisine eatery in Bengaluru called Suryawanshi Restaurant is that it accepts bitcoin payments.
16 Jun 2017
DelhiSmoke coming out of Delhi Metro's AC vent causes panic
Passengers of the Delhi metro's women coach were panic-struck after they saw smoke coming out of AC vent due to a short circuit in the blue line, bringing metro services to a halt.
14 Jun 2017
IndiaRBI: 12 mega defaulters, accounting for 25% of NPA, identified
The Reserve Bank of India (RBI) said, its internal advisory committee (IAC) has rounded up 12 accounts, responsible for almost 25% of the non-performing assets (NPAs) problem plaguing the banking system.
14 Jun 2017
IndiaWhatsApp hoaxes, spreading like wildfire, will cost India dearly
India's national anthem has been declared best in the world by UNESCO, five children kidnappers are roaming in your area, RBI's new notes will have GPS tags - we've all received WhatsApp messages like these from time to time.
13 Jun 2017
IndiaRBI introduces new Rs. 500 notes, old notes remain valid
The RBI will soon introduce new Rs. 500 notes, but the old ones will continue being legal tender.
08 Jun 2017
IndiaRBI Monetary Policy Committee keeps repo rate unchanged at 6.25%
Governor Urjit Patel-led six-member Monetary Policy Committee (MPC) of the Reserve Bank of India kept the repo rate (short-term lending rate) unchanged, while slashed the statutory liquidity ratio (SLR) by 50 basis points to 20% in their second bimonthly monetary policy review.
04 Jun 2017
IndiaDisabled girl disowned by parents, cracks UPSC
Odds have always been against Ummul Kher as someone living with a fragile bone disorder and disowned by parents at 14, because she wanted to study beyond Class 8.
01 Jun 2017
IndiaIndia loses the fastest-growing economy tag to China
India's economic growth slowed for the fourth consecutive quarter in the three months that ended in March, losing out the fastest-growing economy tag to China.
31 May 2017
IndiaHow is a Re 1 note different from other currencies?
After a hiatus of 22 years, Re 1 note will resurface in a brand new avatar.
31 May 2017
IndiaRBI wants to introduce bank account number portability
Mobile number portability has surely made our lives easier. But can the same apply to bank account numbers?
30 May 2017
IndiaRBI to soon circulate new Re. 1 notes
The RBI has announced it will soon issue new one rupee notes. The current notes and coins in existence will also continue.
30 May 2017
IndiaICAI to check if banks misreport bad loans
According to reports, Institute of Chartered Accountants of India (ICAI) has requested information pertaining to the bad-loan estimates provided by certain lenders and the central bank, from Reserve Bank of India.
