Reserve Bank Of India (RBI): News
06 Nov 2017
IndiaParadise Papers: Top coaching institute FIITJEE named in leak
One of the Indian names that came up in the Paradise Papers leak is coaching class franchise FIITJEE.
03 Nov 2017
DelhiThe blind can't identify new Rs. 50-note: PIL in Delhi-HC
A PIL filed in Delhi HC claimed the newly-issued Rs. 50 notes are so designed that visually-impaired people cannot identify or differentiate them from other notes.
02 Nov 2017
IndiaSpike in credit card use and outstanding amount after demonetization
Indians are using credit cards a lot more after demonetization. They also collectively owe the banks 39% more money than they did a year ago, the Reserve Bank of India recently revealed.
01 Nov 2017
Donald TrumpEx-RBI governor Raghuram Rajan to next head US Federal Reserve?
Former governor of the Reserve Bank of India, Raghuram Rajan, makes for an ideal candidate to head the US Federal Reserve, says international financial magazine Barron's.
29 Oct 2017
IndiaRBI is still verifying post-demonetization returned currency
With the first anniversary of the demonetization approaching, the banned notes recovered post-demonetization are still being "processed in all earnest", said the RBI in response to a RTI query.
21 Oct 2017
Aadhaar CardLinking Aadhaar to bank account is mandatory, RBI clarifies
Hours ago, media reports emerged that RBI had denied instructing banks to mandatorily link Aadhaar to accounts.
21 Oct 2017
IndiaUIDAI has no jurisdiction over banks: IBA protests directives
According to sources, the Indian Banks' Association (IBA) has written to the RBI, IT Ministry and finance ministry questioning whether the UIDAI has the power to issue directives to banks under the Aadhaar Act.
20 Oct 2017
iOSRBI refuses to provide information on fake currency, printing defects
The RBI has said it had processed 9,711.62mn demonetized Rs. 500 notes and 4,709.72mn Rs. 1,000 notes till August.
13 Oct 2017
Special Investigation TeamCIC: Black money SIT comes under RTI's ambit
The Central Information Commission (CIC) said that the SC-appointed Special Investigation Team (SIT) on black money is a public entity, bringing it under the Right to Information Act's (RTI) ambit.
12 Oct 2017
PaytmSoon, transfer money from Paytm to MobiKwik and other wallets!
The Reserve Bank of India (RBI) has issued guidelines regarding interoperability of prepaid payment instruments (PPIs). Once the move is implemented, they will be able to conduct transactions with each other.
11 Oct 2017
IndiaIMF cuts India's growth forecast, but expects a medium-term recovery
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) report trimmed Indian economy's growth forecast to 6.7% from earlier 7.1% citing the disruptions caused by government's decisions of demonetization and introduction of good and services tax (GST).
10 Oct 2017
IndiaQR codes are changing India, one transaction at a time
Indians are familiar with the concept of a barcode. Every time someone shops at any supermarket, the shopkeeper scans the barcode of every purchased product and hands over the total bill.
07 Oct 2017
IndiaEx-RBI Governor Raghuram Rajan among probable Nobel Prize winners: Clarivate
Former RBI Governor Raghuram Rajan is on the list of probable winners of the 2017 Nobel Prize in Economics compiled by research company, Clarivate Analytics.
06 Oct 2017
IndiaGST Council announces relief for exporters, small traders
Addressing media after the GST Council's 22nd meeting, Finance Minister Arun Jaitley announced several reforms in India's new tax regime.
06 Oct 2017
IndiaGST Council meeting: Challenges, expectations and solutions
The GST Council is holding its 22nd meeting to decide on provisions of India's new tax regime. It comes even as the government has repeatedly promised reforms amid worries of an 'economic slowdown'.
06 Oct 2017
IndiaPaytm Payments Bank incurred Rs. 30cr loss in 7 months
In its regulatory filing to Registrar of Companies (RoC), Paytm Payments Bank informed that in the time period between August 2016 and March 31, 2017, it has incurred losses of Rs. 30.7 crore.
04 Oct 2017
IndiaRBI: Repo rate remains unchanged at 6%; GVA growth-estimate slashed
Urjit Patel-led six-member Monetary Policy Committee (MPC) of Reserve Bank of India has kept the repo rate unchanged at 6% as per expectations.
03 Oct 2017
IndiaRBI to print new Rs. 100 notes from April 2018
After redesigning the Rs. 500 notes, the Reserve Bank of India will soon introduce new Rs. 100 currency notes.
18 Sep 2017
PunjabAmid state-sponsored loan waivers, SBI proposes a one-time settlement scheme
State Bank of India (SBI) in a bid to address its massive outstanding from agricultural loans and 'inculcate a repayment culture' among farmers is attempting to lure farmers with a one-time settlement scheme (OTS).
17 Sep 2017
CryptocurrencyRBI may have its own "fiat" cryptocurrency called Laxmi
RBI executive director Sudarshan Sen had said that the central bank is not comfortable with "non-fiat" cryptocurrencies i.e. cryptocurrencies which are not regulated by the government.
12 Sep 2017
IndiaNew Rs. 100 coins, Rs. 5/10 coins to undergo changes
The Finance Ministry will be issuing Rs. 100 coins to commemorate the birth centenary of AIADMK founder Dr MG Ramachandran and singer Dr MS Subbulakshmi.
12 Sep 2017
IndiaIndian banks need $65 billion to meet BASEL norms: Fitch
To meet BASEL III norms, Indian banks will need an additional $65 billion by March 2019, said Fitch Ratings. PSU banks would require 95% of it.
09 Sep 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.
09 Sep 2017
IndiaRBI governor's term and tenure must be safeguarded: Rajan
A few days after revealing sensational details about the demonetization exercise, former RBI governor Raghuram Rajan has said the central bank head's "term and turf" have to be safeguarded.
09 Sep 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.
07 Sep 2017
Narendra ModiModi defends demonetization in a speech to Myanmar's Indian diaspora
PM Narendra Modi, on his first bilateral visit to Myanmar, defended his government's demonetization decision, while addressing the Indian diaspora.
06 Sep 2017
IndiaDemonetization: Printing presses add bill worth crores to RBI's losses
RBI has suffered severe losses due to demonetization. Earlier, it said 99% of demonetized Rs. 1,000 notes had returned, thus defeating the whole purpose of the move which was to eradicate black money.
05 Sep 2017
IndiaHDFC gets 'too big to fail' status from RBI
In 2015, the Reserve Bank of India had classified the country's largest lender SBI and private sector major ICICI bank as D-SIB or domestic systemically important bank.
05 Sep 2017
IndiaRBI clueless about how much black money demonetization removed
RBI stated to a parliamentary panel that it had "no information" on the amount of black money removed because of demonetization.
05 Sep 2017
IndiaQuestion bound to haunt BJP: Who took the demonetization decision?
In his latest book "I do what I do', former RBI governor Raghuram Rajan revealed that no constructive decision about demonetization was taken until his term ended on September 3, 2016.
04 Sep 2017
IndiaRise of fake currency and how to handle it
If you think the chances of counterfeit currency landing on your wallet are bleak, think again.
03 Sep 2017
Mahatma GandhiWhen will the new Rs. 200 note be available?
Reportedly, it's going to take as long as three months for the ATMs to start dispensing 200-rupee notes, which the RBI has launched a week ago.
03 Sep 2017
IndiaRaghuram Rajan breaks silence on demonetization: 'Warned govt against it'
When former RBI governor Raghuram Rajan was in charge, speculations were rife about his rift with the Narendra Modi government.
31 Aug 2017
Mamata BanerjeeTMC: After nasbandi, Indira lost; after notebandi, BJP will lose
Trinamool Congress leader Derek O'Brien called the BJP's demonetization drive a total disaster.
31 Aug 2017
IndiaGDP growth in April-June quarter slides to 5.7%
As per data, the growth of Indian economy slumped to a three-year low in the April-June quarter.
31 Aug 2017
IndiaWhat did India achieve from demonetization move?
Arun Jaitley, citing the recent RBI declaration that "99% of the old currency notes were back with the central bank", said that demonetization had a positive effect.
30 Aug 2017
India1,000 rupee notes will not be re-introduced, says FinMin
Since there had been disequilibrium in the market after the introduction of Rs. 2,000 notes straight after Rs. 500, the center has recently introduced the new Rs. 200 notes.
28 Aug 2017
IndiaDigital payments may get you 2% relief on GST
In order to promote Digital India and discourage cash payments, the center is now mulling on giving a 2% incentive over the applicable GST rate for payments made digitally on bills up to Rs. 2,000.
28 Aug 2017
IndiaNew Rs. 1,000 notes to come with enhanced security features
The Rs. 1,000 note, which went out of circulation last November, is making a comeback in a new avatar.
