Reserve Bank Of India (RBI): News
20 Apr 2018
LondonRBI approves overseas offices for Yes Bank in London, Singapore
Mid-size private sector lender Yes Bank today said it has received approval from the Reserve Bank of India to have presence in London and Singapore to support the diaspora business and also international trade.
19 Apr 2018
State Bank of India (SBI)Cash crunch will be resolved by tomorrow, says SBI chairman
A severe cash crunch still persists across various cities and states, but SBI Chairman Rajnish Kumar has assured the problem will be resolved by tomorrow.
19 Apr 2018
IndiaPSBs among leading govt bodies in rejecting RTI pleas: Study
Public sector banks, which are reeling under a huge burden of growing non-performing assets and being probed by central agencies, have emerged as the leading public authorities in terms of rejecting RTI pleas, an analysis by a voluntary group shows.
19 Apr 2018
Andhra PradeshPrinting presses operating 24x7 to meet Rs. 70,000cr currency shortfall
The government has ramped up printing of currency notes and is operating all the four presses 24x7, an official said on Thursday amid ATMs running dry in many parts of the country.
18 Apr 2018
MumbaiReturn on investment via residential rent highest in Bengaluru, Kolkata
Bengaluru still commands one of the highest residential yields countrywide at 3.7% despite a slump in real estate market, a report said.
18 Apr 2018
Madhya PradeshCash situation at ATMs improving, availability increased: SBI
The State Bank of India (SBI), the country's largest lender said today that cash availability at its ATMs has increased in the past 24 hours following reports of currency shortages and ATMs running dry from different parts of the country.
17 Apr 2018
Narendra ModiDemonetization Part-2? ATMs across India run out of cash
People in several states including Delhi, Telangana and Gujarat are facing an unexpected cash crunch as ATMs run out of money.
15 Apr 2018
ICICI BankICICI loans to Videocon: RBI finds no 'quid pro quo'
The Reserve Bank of India had two years back conducted a detailed scrutiny to probe allegations of impropriety in ICICI Bank extending loans to Videocon Group but found no proof of any "quid pro quo" or reciprocal benefits, according to RBI documents.
11 Apr 2018
IndiaIndia to grow 7.3% this fiscal, 7.6% in next: ADB
India's economic growth is expected to rebound to 7.3% this fiscal and further to 7.6% in 2019-20 with increased productivity post-GST and investment revival due to banking reform said the Asian Development Bank (ADB).
10 Apr 2018
IndiaAfter RBI-snub, Axis wants to cut CEO Shikha Sharma's tenure
In an unusual move, Axis, India's seventh largest bank, has sought permission from RBI to cut down the tenure of CEO Shikha Sharma from three-years to seven-months.
06 Apr 2018
IndiaYear-end bonuses to ICICI, Axis, HDFC bank CEOs on hold
The Reserve Bank of India (RBI) is yet to approve the year-end bonuses to the CEOs of India's top private banks as it's questioning their payout size with respect to their performance.
06 Apr 2018
IndiaImportant things you missed while obsessing over Salman Khan
Ever since Salman Khan was convicted of hunting two blackbucks in 1998, everyone in India is talking about his past, present, and future.
05 Apr 2018
VadodaraCBI books Vadodara firm for Rs. 2,654cr fraud; raids premises
The CBI on Thursday said it had registered a criminal case against a Vadodara-based company dealing in electric cable and equipment, and its directors for allegedly cheating various banks to the tune of Rs. 2,654cr.
05 Apr 2018
Monetary Policy CommitteeRBI may soon introduce its own digital currency
The Reserve Bank of India announced on Thursday that it might introduce a central bank digital currency.
05 Apr 2018
Repo RateRBI holds repo rate at 6%
In the first bi-monthly monetary policy review of 2018-19, the RBI's monetary policy committee (MPC) has kept repo rates unchanged at 6%,
05 Apr 2018
Bharti AirtelJio Payments Bank launched: Here's everything you should know
Jio Payments Bank, a 70:30 joint venture between Mukesh Ambani-led Reliance Industries Ltd. and State Bank of India, started its operations on Tuesday.
04 Apr 2018
Maruti SuzukiAhead of RBI policy meet, Sensex rises nearly 100 points
The BSE Sensex rose nearly 100 points in opening trade on Wednesday ahead of Reserve Bank of India's monetary policy review that begins today.
03 Apr 2018
IndiaPaytm completely revamps iOS app, updates layout
Paytm has revamped its iOS app with a new design, an updated home screen, and improved in-app navigation.
26 Mar 2018
Punjab National BankAll about PNB's plan to stake claim in Modi's company
In a bid to recover defrauded amounts going up to Rs. 13,000 crore, the Punjab National Bank (PNB) is looking to take part in the bankruptcy proceedings of Nirav Modi's firm, Firestar Diamonds. It had filed for insolvency in a New York court last month.
21 Mar 2018
MumbaiThanks to Mumbai's sky-high prices, 1.09 lakh apartments lying unsold
Mumbai, which rules the country's property market, has seen sluggish real estate trade recently.
18 Mar 2018
BusinessWhat is RBI doing with old Rs. 500/1,000 notes?
The demonetized Indian currency notes of denomination Rs. 500 and Rs. 1,000 are being shredded and briquetted before being disposed of through a tendering process, explained the Reserve Bank of India (RBI) in reply to an RTI query.
18 Mar 2018
IndiaRBI: Rs. 11,302 crore lying unclaimed with 64 banks
Data from the Reserve Bank of India (RBI) has revealed that a whopping Rs. 11,302 crore belonging to over three crore account holders is lying unclaimed with 64 banks - both public and private.
15 Mar 2018
BengaluruIndian banks lose Rs. 1.6crore every hour to cheating, forgery
Indian banks reportedly lose Rs 1.6 crore every hour to cheating and forgery, rather surprisingly.
13 Mar 2018
IndiaPNB Fraud Fallout: RBI discontinues LoUs/LoCs issuance for trade credits
Learning from the multi-crore PNB scam, involving jewelers Nirav Modi and Mehul Choksi, the Reserve Bank of India has decided to discontinue issuance of LoUs (letters of undertaking) and LoCs (letters of comfort) as trade credits for imports into the country.
11 Mar 2018
IndiaIndia seems to be recovering from demonetization disruptions: IMF
The International Monetary Fund (IMF) on Sunday said that the Indian economy now seems to be on its way to recovering from disruptions caused by demonetization and roll-out of goods and services tax (GST).
10 Mar 2018
IndiaRBI fines Airtel bank Rs. 5 crore for violating eKYC-norms
India's apex bank, The Reserve Bank of India (RBI) slapped a penalty of Rs. 5 crore on Sunil Mittal owned-Airtel Payments Bank Limited for violating eKYC norms.
06 Mar 2018
Indian Overseas BankRBI fines Axis Rs. 3cr, IOB Rs. 2cr for violations
The RBI has levied Rs. 3cr fine on Axis Bank and Rs. 2cr penalty on Indian Overseas Bank (IOB) for various violations.
03 Mar 2018
DelhiDelhi: Debit cards now accepted for all transport-related online services
Moving towards complete automation and digitization, the Transport Department of the Delhi Government has made debit cards acceptable in all online transactions related to its services.
02 Mar 2018
State Bank of India (SBI)SBI, PNB lending-rates hiked: Home and other loans get costlier
Two state-run lenders State Bank of India and Punjab National Bank raised their lending rates by up to 20 basis points, a move that will increase interest-rates on existing as well as home, auto loans, and personal loans.
01 Mar 2018
PaytmMissed the Paytm KYC deadline? Here's how to do it
Yesterday was the deadline to update the Know Your Customer (KYC) details on Paytm and other mobile wallets.
01 Mar 2018
IndiaAfter raising interest rates, SBI hikes MCLR across various maturities
The SBI, India's largest public lender, has raised the one-year marginal cost-based lending rate (MCLR) from 7.95% to 8.15% across several maturities.
27 Feb 2018
PaytmE-wallets KYC-deadline: No extension beyond 28-February. Will it impact you?
In a major setback for e-wallets, RBI has refused to extend the deadline for mandatory full-KYC (Know-Your-Customer) compliance by users beyond 28 February.
26 Feb 2018
NBFCFinance Ministry issues list of 9,500 'high-risk' financial companies
As authorities probe the biggest banking fraud in Indian history, the Finance Ministry has released a list of nearly 9,500 'high-risk' non-banking financial companies (NBFCs).
25 Feb 2018
Punjab National BankRBI to banks: Link SWIFT, Core Banking Solution by April
The Reserve Bank of India (RBI) has set April 30 as the deadline for banks to integrate SWIFT (Society for Worldwide Interbank Financial Telecommunication) with Core Banking Solutions (CBS), as it looks to strengthen internal controls after the PNB fraud case.
23 Feb 2018
IndiaOver 9,000 willful defaulters owe Rs. 1.1-lakh-crore to Indian banks
The Rs. 11,400cr PNB fraud has once again highlighted the growing problem of bad loans in India's banking sector.
19 Feb 2018
Idea CellularDebt-ridden Aircel to file for bankruptcy, exit market soon
It looks like Aircel is in deep water as it's soon going to file for bankruptcy at National Company Law Tribunal (NCLT), according to ET.
18 Feb 2018
IndiaEvery four hours, one Indian banker gets caught for fraud
An analysis of data compiled by the Reserve Bank of India (RBI) has revealed that on an average, at least one in India is caught and punished for fraud every four hours.
13 Feb 2018
IndiaCiti India bans use of cards for cryptocurrency purchases
Despite the spike in cryptocurrency valuation across the world, governments seem to be cracking down on cryptocurrencies.
11 Feb 2018
India15 months later, RBI still processing demonetized notes
Fifteen months after demonetization, the RBI is still processing deposited bank notes in an "expedited manner" and doesn't have updated information on the number of demonetized notes.
10 Feb 2018
Bharti AirtelThese Indian stocks are going strong despite global market turmoil
Stock markets around the world plunged earlier this week, suffering losses following a 4.6% drop in US Dow Jones.
