Back to homepage

Tag "rbi"

RBI to provide liquidity facility to make NEFT system 24×7

RBI to provide liquidity facility to make NEFT system 24×7

🕔07:12, 14.Dec 2019

Mumbai, Dec 14  The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of payment system National Electronic Funds Transfer (NEFT) on a round-the-clock basis from December 16, the central bank

Read Full Article
RBI to make NEFT system available 24×7 from Dec 16

RBI to make NEFT system available 24×7 from Dec 16

🕔06:07, 7.Dec 2019

Mumbai, Dec 7  The Reserve Bank of India on Friday announced it has decided to make the National Electronic Funds Transfer (NEFT) system available on a round-the-clock basis from December 16. The facility is used to electronically transfer funds from

Read Full Article
Inflationary Pangs: RBI holds key lending rates, remains accommodative

Inflationary Pangs: RBI holds key lending rates, remains accommodative

🕔07:10, 6.Dec 2019

Mumbai, Dec 6  In a surprise move, the Reserve Bank of India (RBI) on Thursday took a ‘temporary pause’ in reducing key lending rates to keep the retail inflation in check. Accordingly, the RBI’s monetary policy committee (MPC) in its

Read Full Article
RBI may cut rate by 35-40 basis points (Market Watch)

RBI may cut rate by 35-40 basis points (Market Watch)

🕔16:44, 1.Dec 2019

NIFTY made a new lifetime high on Tuesday, November 26, and did so again two days later. Friday saw a sharp correction with the expected weak GDP numbers. The week ended with the BSESENSEX gaining 434.40 points or 1.08 per

Read Full Article
FM hints at more sops for housing sector

FM hints at more sops for housing sector

🕔07:05, 6.Nov 2019

New Delhi, Nov 6 Hinting at a big boost to the realty sector, Finance Minister Nirmala Sitharaman on Tuesday said that the government and the Reserve Bank of India (RBI) are in the process of resolving the issues faced by the

Read Full Article
RBI enhances PMC Bank withdrawal limit to Rs 50,000

RBI enhances PMC Bank withdrawal limit to Rs 50,000

🕔06:53, 6.Nov 2019

Mumbai, Nov 6  Following a review of the crisis-ridden Punjab and Maharashtra Cooperative Bank’s (PMC’s) liquidity position, the Reserve Bank of India (RBI) on Tuesday raised the withdrawal limit for bank depositors to Rs 50,000 from Rs 40,000 earlier. This

Read Full Article
RBI slaps Rs 1 cr penalty on Bandhan Bank

RBI slaps Rs 1 cr penalty on Bandhan Bank

🕔07:00, 30.Oct 2019

New Delhi, Oct 30  The Reserve Bank of India (RBI) on Tuesday imposed Rs 1 crore penalty on Bandhan Bank for non-compliance with promoter holding norms, contained in the licencing guidelines. Under the guidelines, the bank was required to bring

Read Full Article
RBI rejects India Bulls-Lakshmi Vilas Bank amalgamation

RBI rejects India Bulls-Lakshmi Vilas Bank amalgamation

🕔08:58, 10.Oct 2019

Mumbai/Chennai, Oct 10  The Reserve Bank of India on Wednesday rejected the merger of Lakshmi Vilas Bank and India Bulls Housing Finance Ltd, months after the bank had sought its approval on May 7. “The RBI vide their letter dated

Read Full Article
RBI reduces key lending rate by 25 bps; maintains accomodative stance

RBI reduces key lending rate by 25 bps; maintains accomodative stance

🕔12:09, 4.Oct 2019

Mumbai, Oct 4  To reverse the consumption slowdown and shore-up growth, the Reserve Bank of India on Friday reduced key lending rates for the fifth consecutive time. Accordingly, the the RBI’s monetary policy committee (MPC) in its fourth policy review

Read Full Article
RBI hikes withdrawal limit in PMC Bank to Rs 10k

RBI hikes withdrawal limit in PMC Bank to Rs 10k

🕔08:00, 27.Sep 2019

Mumbai, Sep 27  Providing relief to the customers, the Reserve Bank of India (RBI) on Thursday hiked the withdrawal limit from Rs 1,000 to Rs 10,000 per bank account in the sanction-hit Punjab and Maharashtra Cooperative (PMC) Bank. The RBI

Read Full Article
RBI bars PMC Bank from doing business for 6 months

RBI bars PMC Bank from doing business for 6 months

🕔12:22, 24.Sep 2019

Mumbai, Sep 24  The Reserve Bank of India (RBI) has barred the Punjab & Maharashtra Cooperative Bank Ltd (PMC), Mumbai from carrying out the majority of its routine business transactions for a period of six months, sparking panic among the

Read Full Article
SBI to adopt RBI’s repo rate as external benchmark

SBI to adopt RBI’s repo rate as external benchmark

🕔12:36, 23.Sep 2019

Mumbai, Sep 23  State Bank of India, the countrys largest lender, has decided to adopt RBIs repo rate as the external benchmark for all floating rate loans for MSME, home and retail loans from October 1. The benchmarks to which

Read Full Article
RBI revises norms for concurrent audit of banks

RBI revises norms for concurrent audit of banks

🕔07:31, 20.Sep 2019

Mumbai, Sep 20  The Reserve Bank of India has revised the norms of concurrent audit of banks whereby the apex bank has capped the term for concurrent auditors at three years. Concurrent audit aims at shortening the interval between a

Read Full Article
RBI expands BBPS coverage to all categories

RBI expands BBPS coverage to all categories

🕔10:17, 17.Sep 2019

Mumbai, Sep 17  The Reserve Bank of India on Monday expanded the Bharat Bill Payment System coverage to included all categories of billers, except prepaid recharges. The move will aid in greater digitisation of cash-based bill payments. Till now, BBPS,

Read Full Article
Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI

Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI

🕔17:32, 16.Sep 2019

Mumbai, Sep 16  Indian private and public sector banks (PSBs) had aggregate savings deposits of Rs 39.72 lakh crore as on March 31, 2019, while foreign banks had a share of Rs 58,630 crore, according to RBI data published in

Read Full Article
RBI reduces risk weight for consumer credit

RBI reduces risk weight for consumer credit

🕔11:30, 13.Sep 2019

Mumbai, Sep 13  To ease liquidity and boost demand, the Reserve Bank of India on Thursday notified the reduction in risk weightage for consumer credit, excluding credit card receivables. The risk weight for consumer credit, including personal loans, but excluding

Read Full Article
SBI cuts lending rates, home loans to get cheaper

SBI cuts lending rates, home loans to get cheaper

🕔13:21, 9.Sep 2019

Mumbai, Sep 9  Country’s largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost-based lending rate or MCLR by 10 basis points across all tenors and has also reduced rates on term deposits. It

Read Full Article
RBI working with regulators for securities lending product : DG

RBI working with regulators for securities lending product : DG

🕔18:41, 7.Sep 2019

Mumbai, Sep 7 (IANS) The Reserve Bank of India is currently working with other financial sector regulators like Sebi, PFRDA and Irda to develop an interest rate market where mutual funds, pension and insurance funds could participate in securities lending to

Read Full Article
RBI to transfer Rs 1.76 lakh cr to govt under ECF

RBI to transfer Rs 1.76 lakh cr to govt under ECF

🕔20:43, 26.Aug 2019

Mumbai, Aug 26 (IANS) The Central Board of the Reserve Bank of India on Monday decided to transfer a sum of Rs 1,76,051 crore to the Government of India comprising Rs 1,23,414 crore of surplus for the year 2018-19 and Rs

Read Full Article
Government may receive first tranche of RBI surplus this calendar

Government may receive first tranche of RBI surplus this calendar

🕔18:00, 16.Aug 2019

New Delhi, Aug 16  The Finance Ministry is likely to receive the first tranche of the RBI’s surplus money towards December after its central board discusses and approves the report finalised by the Bimal Jalan panel. The six-member panel led

Read Full Article