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RBI cancels Vodafone m-pesa’s certificate of authorisation

RBI cancels Vodafone m-pesa’s certificate of authorisation

🕔11:46, 22.Jan 2020

Mumbai, Jan 22  The Reserve Bank of India on Tuesday cancelled the Certificate of Authorisation (CoA) of Vodafone m-pesa after its voluntary surrender of authorisation. The company henceforth cannot transact business of issuance and operation of Prepaid payment Instruments, RBI

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RBI directs banks that credit, debit card users can enable, disable

RBI directs banks that credit, debit card users can enable, disable

🕔06:54, 16.Jan 2020

New Delhi, Jan 16  To improve user convenience and increase the security of card transactions,the Reserve Bank of India (RBI) has asked all banks to give card users, credit and debit, the facility to enable/disable their cards for different types

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RBI focus on financial stability regulations framework: Das

RBI focus on financial stability regulations framework: Das

🕔05:45, 8.Jan 2020

New Delhi, Jan 8  Reserve Bank of India Governor Shaktikanta Das on Tuesday said the central bank is focusing on strengthening regulation and supervision to develop a robust framework of financial stability where banks and NBFCs are able to fulfil

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RBI allows banks to trade in forex outside market hours

RBI allows banks to trade in forex outside market hours

🕔18:13, 7.Jan 2020

New Delhi, Jan 6 (IANS) The Reserve Bank of India (RBI) on Monday said it has permitted category-I banks to offer foreign exchange prices to users at all times, out of their Indian books, either by a domestic sales team or

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Operation Twist-III: RBI buys, sells bonds worth Rs 10k crore each

Operation Twist-III: RBI buys, sells bonds worth Rs 10k crore each

🕔06:47, 7.Jan 2020

New Delhi, Jan 7 The Reserve Bank of India (RBI) on Monday bought Rs 10,000 crore of three long-term securities while selling the same amount of three short-term bonds in the third special open market operation in three weeks. It got

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RBI launches mobile app MANI for visually impaired

RBI launches mobile app MANI for visually impaired

🕔18:48, 2.Jan 2020

New Delhi, Jan 2 (IANS) The Reserve Bank of India on Wednesday launched a unique mobile application for aiding visually impaired persons to identify the denomination of Indian bank notes. The application — Mobile Aided Note Identifier — was launched by

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RBI launches mobile app MANI for visually impaired

RBI launches mobile app MANI for visually impaired

🕔06:43, 2.Jan 2020

New Delhi, Jan 2 The Reserve Bank of India on Wednesday launched a unique mobile application for aiding visually impaired persons to identify the denomination of Indian bank notes. The application — Mobile Aided Note Identifier — was launched by RBI

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RBI to conduct another ‘operational twist’ on Monday

RBI to conduct another ‘operational twist’ on Monday

🕔20:02, 26.Dec 2019

Mumbai, Dec 26 (IANS) The Reserve Bank of India (RBI) on Thursday said it will conduct another simultaneous purchase and sale of government securities under the Open Market Operations (OMO) for Rs 10,000 crore each, on Monday. The decision was taken

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RBI introduces new prepaid payment instrument

RBI introduces new prepaid payment instrument

🕔06:55, 25.Dec 2019

Mumbai, Dec 25  The Reserve Bank has introduced a new type of prepaid payment instrument (PPI) which could be used only for purchase of goods and services up to a limit of Rs 10,000 per month. “To give impetus to

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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