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Mumbai, Oct 8 In view of the uncertainties related to the ongoing pandemic, the RBI has decided to continue with the enhanced Ways and Means Advances (WMA) limits up to March 31, 2022. As recommended by the Advisory Committee chaired
Mumbai, Oct 8 (IANS) The RBI has proposed a framework for geo-tagging of physical payment acceptance infrastructure of merchants for widening access to digital payments. Geo-tagging involves capturing geographical coordinates – viz latitude and longitude of physical payment acceptance infrastructure –
Mumbai, Oct 8 (IANS) The Reserve Bank of India (RBI) retained its key short-term lending rates during its October monetary policy review of FY22. The growth-oriented accommodative stance was also retained to give a push to economic activity. The Monetary Policy
Mumbai, Oct 8 Recognising the persisting uneven impact of the pandemic on small business units, micro and small industries, and other unorganised sector entities, the RBI on Friday extended a special liquidity facility given to Small Finance Banks (SFBs) for
New Delhi, Oct 8 (IANS) The Reserve Bank of India on Friday lowered FY22 retail inflation projection for the ongoing financial year to 5.3 per cent from the previous estimate of 5.7 per cent. In a virtual address post the monetary
New Delhi, Oct 8 The Reserve Bank of India on Friday said it will cease the operations of its secondary market ‘G-Sec Acquisition Programme’ or ‘G-SAP’. RBI Governor ShaktiKanta Das said that G-SAPs have been successful in addressing market concerns
Mumbai, Oct 8 (IANS) RBI has extended dates for the classification of bank credit to focused NBFCs as priority sector lending till March 31, 2022. The provision ended on September 30 and a need was felt for extending the facility with
Mumbai, Oct 8 With a view to further strengthen the internal grievance redress mechanism of NBFCs, the Reserve Bank of India (RBI) on Friday decided to introduce the Internal Ombudsman Scheme (IOS) for certain categories of NBFCs which have higher
Mumbai, Oct 8 (IANS) The Reserve Bank of India (RBI) on Friday proposed to introduce a framework for carrying out retail digital payments in offline mode across the country. In common parlance this means introduction of facility where digital transactions could
Mumbai, Oct 8 (IANS) In order to promote digital transactions, the Reserve Bank of India (RBI) on Friday enhanced the transaction limit using Immediate Payment Service (IMPS) of banks to Rs 5 lakh. RBI Governor Shaktikanta Das said that the limit
New Delhi, Oct 8 (IANS) The Reserve Bank of India (RBI) on Friday retained the FY22 projection for real GDP growth at 9.5 per cent. Accordingly, RBI Governor Shaktikanta Das pointed out that GDP is expected to grow at 7.9 per
New Delhi, Oct. Oct 8 The Reserve Bank of India (RBI) has reduced the retail inflation projection for the ongoing financial year to 5.3 per cent from the previous estimate of 5.7 per cent. In a virtual address post the
Mumbai, Oct 6 (IANS) The Reserve Bank of India will retain key lending rates as well as maintain the accommodative stance to support growth during the upcoming monetary policy review, say experts. On the other hand, the central bank might indicate
Mumbai, Sep 29 The Reserve Bank of India has taken the Indian Overseas Bank out of prompt corrective action framework (PCAF). The bank was taken out of the PCAF, subject to certain conditions and continuous monitoring. The development comes after
Mumbai, Sep 28 (IANS) India’s Reserve Bank on Monday said that Rs 50,000 crore has been set as the ‘Ways and Means Advances’ (WMA) limit for the Central government during the H2FY22. In financial parlance, the WMA is a mechanism used
Mumbai, Sep 25 India’s foreign exchange reserves fell by $1.470 billion during the week ended September 17. The Reserve Bank of India’s (RBI) forex reserves declined to $639.642 billion from $641.113 billion reported for the week ended September 10. India’s
Mumbai, Sep 24 The Reserve Bank will conduct open market purchase of government securities worth Rs 15,000 crore on September 30, under the G-sec Acquisition Programme (G-SAP 2.0). The open market purchase was announced by the RBI after the Monetary
New Delhi, Sep 17 Prospects have brightened for India’s economy as the impact of second Covid wave wane and aggregate demand gains firmer ground, the Reserve Bank of India (RBI) said in its monthly Bulletin for August 2021. The central
New Delhi, Sep 14 The gross non-performing assets (GNPAs) of banks are expected to cross Rs 10 lakh crore by March 2022, a ASSOCHAM-Crisil joint study had said. “NPAs are expected to rise to 8.5-9 per cent by March 2022,
Mumbai, Sep 14 (IANS) Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) have agreed on a project to link their respective fast payment systems — Unified Payments Interface (UPI) and PayNow. This will allow users of each
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