Back to homepage

Tag "rbi"

Retail inflation up at 7.41%, IIP down by 0.8%

Retail inflation up at 7.41%, IIP down by 0.8%

🕔06:58, 13.Oct 2022

New Delhi, Oct 13 (IANS) Retail inflation rose to 7.41 per cent in September from 7 per cent in August, mainly due to higher food inflation which went up sharply to 8.6 per cent from 7.6 per cent in August. September’s

Read Full Article
RBI revises rules on foreign currency exposure of banks

RBI revises rules on foreign currency exposure of banks

🕔07:10, 12.Oct 2022

New Delhi, Oct 12 (IANS) The Reserve Bank of India (RBI) on Tuesday revised guidelines on foreign currency exposure of banks, aimed at insulating them from forex market volatility. As per the changes initiated by the central bank, lenders will have

Read Full Article
India’s apex bank to pilot launch digital version of Indian currency soon

India’s apex bank to pilot launch digital version of Indian currency soon

🕔06:32, 10.Oct 2022

Mumbai Oct 10 (IANS) The apex bank of India — Reserve Bank of India (RBI) — said it will soon commence pilot launch of digital version of Indian currency Rupee for specific use cases. It has also released a concept note

Read Full Article
RBI directs credit information companies to appoint internal ombudsman

RBI directs credit information companies to appoint internal ombudsman

🕔06:34, 7.Oct 2022

Mumbai, Oct 7 (IANS) The Reserve Bank of India (RBI) on Thursday has directed all the credit information companies to appoint an internal ombudsman by April 1, 2023. The RBI, in its Statement of Developmental and Regulatory Policies, on August 5,

Read Full Article
Next repo rate hike expected to be 35 bps to 6.25%

Next repo rate hike expected to be 35 bps to 6.25%

🕔19:52, 3.Oct 2022

Mumbai, Oct 3 (IANS) The Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) is expected to hike the repo rate by another 35 basis points (bps) to 6.25 per cent in December 2022 and then hit the pause button,

Read Full Article
RBI looks at securitisation of NPAs, provisioning on expected loss basis for banks

RBI looks at securitisation of NPAs, provisioning on expected loss basis for banks

🕔16:46, 30.Sep 2022

Mumbai, Sep 30 (IANS) The Reserve Bank of India (RBI) will come out with discussion papers on adopting expected loss-based approach for loan loss provisioning and on securitisation of stressed assets framework, Governor Shaktikanta Das said. He also said new guidelines

Read Full Article
Hike in repo rate likely to impact affordable housing

Hike in repo rate likely to impact affordable housing

🕔16:44, 30.Sep 2022

New Delhi, Sep 30 (IANS) The 50 basis points hike in the repo rate coupled with inflationary pressure is likely to impact the sentiment of the Housing sector particularly in the affordable and mid-range housing segments. While the hike is on

Read Full Article
Card tokenisation to kick in, laggards are there: RBI

Card tokenisation to kick in, laggards are there: RBI

🕔16:43, 30.Sep 2022

Chennai, Sep 30 (IANS) The tokenisation of debit/credit card details will happen from October 1 onwards even though there may be laggards unwilling to comply with the regulations, said a senior official of the Reserve Bank of India (RBI). According to

Read Full Article
RBI does not have fixed dollar-rupee exchange rate: Governor

RBI does not have fixed dollar-rupee exchange rate: Governor

🕔13:50, 30.Sep 2022

Chennai, Sep 30 (IANS) The Reserve Bank of India (RBI) does not have any does not have any fixed dollar-rupee exchange rate and its market interventions are to curb excessive volatility, said Governor Shaktikanta Das. He also said the aspect of

Read Full Article
RBI hikes repo rate by 50 basis points, pegs inflation at 6.7% & eco growth at 7%

RBI hikes repo rate by 50 basis points, pegs inflation at 6.7% & eco growth at 7%

🕔11:13, 30.Sep 2022

Chennai, Sep 30 (IANS) As expected earlier, the Reserve Bank of India’s Monetary Policy Committee (MPC) in a 5:1 decision increased the repo rate by 50 basis points to 5.90 on Friday. The RBI Governor Shaktikanta Das, heading the MPC, announced

Read Full Article
RBI likely to raise policy rate by 35-50 basis points

RBI likely to raise policy rate by 35-50 basis points

🕔16:42, 29.Sep 2022

Chennai, Sep 29 (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is expected to raise the policy rate ranging between 35 to 50 basis points (bps) on Friday, experts believe. The experts also point out that the rate

Read Full Article
RBI cancels licence of Laxmi Co-operative Bank, Solapur

RBI cancels licence of Laxmi Co-operative Bank, Solapur

🕔07:25, 23.Sep 2022

Mumbai, Sep 23 (IANS) The Reserve Bank of India (RBI) on Thursday cancelled the licence of The Laxmi Co-operative Bank Ltd in Maharashtra’s Solapur. Consequently, the bank ceases to carry on banking business, with effect from the close of business on

Read Full Article
Short-term rates rise multi-year high as liquidity in banking system slips into deficit

Short-term rates rise multi-year high as liquidity in banking system slips into deficit

🕔18:31, 22.Sep 2022

Mumbai, Sep 22 (IANS) Rates on short-term instruments such as commercial papers, Certificate of deposit and treasury bills rose sharply in last few weeks after the liquidity in the banking system slipped into a deficit post remaining in huge surplus.

Read Full Article
RBI Governor stresses fintech’s role as a force multiplier

RBI Governor stresses fintech’s role as a force multiplier

🕔09:13, 21.Sep 2022

RBI Governor Shaktikanta Das in his address to the Global Fintech Fest (GFF) 2022 marked the theme of his talk as Fintech as a Force Multiplier. New Delhi, Sep 20 (IANS) RBI Governor Shaktikanta Das in his address to the Global

Read Full Article
Now use credit & debit card using card tokenisation from Oct 1 implemented by RBI

Now use credit & debit card using card tokenisation from Oct 1 implemented by RBI

🕔17:36, 17.Sep 2022

Mumbai, Sep 17 (IANS) The Reserve Bank of India (RBI) is ready to bring its card-on-file tokenisation norms into effect from October 1 after various complaints were filed regarding the misuse of debit or credit cards. Several people were cheated in

Read Full Article
Amid rising prices, monetary policy may keep inflation expectations firmly anchored: RBI Bulletin

Amid rising prices, monetary policy may keep inflation expectations firmly anchored: RBI Bulletin

🕔20:13, 16.Sep 2022

New Delhi, Sep 16 (IANS) With inflation remaining beyond the RBI’s tolerance level of 6 per cent for the past eight months, the central bank has noted that this underscores the need for the monetary policy to keep second order effects

Read Full Article
RBI likely to increase repo rate by 50 basis points to 5.9% in Sep policy: Morgan Stanley

RBI likely to increase repo rate by 50 basis points to 5.9% in Sep policy: Morgan Stanley

🕔17:23, 16.Sep 2022

Mumbai, Sep 16 (IANS) The Monetary Policy Committee in the September credit policy is likely to increase the repo rate by 50 basis points to 5.90 per cent and will keep stance unchanged, according to a report by Morgan Stanley. “We

Read Full Article
Only legal loan apps to be hosted on app stores, says Centre

Only legal loan apps to be hosted on app stores, says Centre

🕔16:30, 9.Sep 2022

New Delhi, Sep 9 (IANS) The Reserve Bank of India (RBI) will prepare a “whitelist” of all the legal apps and the Union Ministry of Electronics and Information Technology will ensure that only these “whitelist” apps are hosted on app stores.

Read Full Article
NTT DATA Payment Services gets RBI nod for payment aggregator license

NTT DATA Payment Services gets RBI nod for payment aggregator license

🕔17:52, 5.Sep 2022

Mumbai, Sep 5 (IANS) Payment service provider NTT DATA Payment Services India (earlier Atom Technologies) on Monday said it has received an in-principle approval from the Reserve Bank of India (RBI) for the Payment Aggregator (PA) license. The company has an

Read Full Article