New Delhi, May 10 As the country struggles amid the second wave of Covid-19 and economic activities again halt, an SBI report has commended measures taken by the Reserve Bank of India (RBI) amid the pandemic to support the economy and
Mumbai, May 8 The Reserve Bank of India (RBI) has extended the restrictions on Karnataka-based Millath Co-operative Bank by three months, till August 8, 2021. As per RBI’s directions, the co-operative bank shall not, without prior approval of RBI in
Mumbai, May 6 The Reserve Bank of India did not stop at providing liquidity enhancement measures to tackle the current economic strain unleashed by the resurgence of a Covid-19 wave. It also rationalised certain compliance matters to provide ease of
Mumbai, May 6 The Reserve Bank of India has announced another round of loan restructuring for MSMEs, small businesses and individuals with aggregate exposure of up to Rs 25 crore, who have not been beneficiaries of restructuring frameworks. RBI Governor
Mumbai, April 30 The Reserve Bank of India on Friday held a meeting with heads of small finance banks on credit flows to different segments of the borrowers and get a sense of emerging stress on banks’ balance sheet in
Mumbai, April 29 The Reserve Bank of India constituted committee on Asset Reconstruction Companies (ARCs) has invited ARCs, market participants and other stakeholders to share their views and suggestions on the issue of working of such companies. The committee, headed
Mumbai, April 24 The Reserve Bank of India (RBI) has imposed restrictions on American Express Banking Corp and Diners Club International Ltd from on-boarding new domestic customers onto their card networks from May 1, 2021. These entities have been found
Mumbai, April 24 The Reserve Bank of India (RBI) has approved the appointment of Atanu Chakraborty as part-time Chairman of HDFC Bank. The appointment comes into effect on May 5, 2021, for a period of three years. “The Reserve Bank
Mumbai, April 23 The Reserve Bank of India (RBI) has directed the banks to restrict dividend payouts to 50 per cent in a bid to conserve capital and stay resilient. In a notification to all the commercial and co-operative banks,
New Delhi, April 18 In line with the Reserve Bank of India’s (RBI) guidelines, Airtel Payments Bank on Sunday announced that it has become the first payments bank in the country to enable Rs 2 lakh day-end balance account limit.
Mumbai, April 16 The Reserve Bank of India (RBI) has set up a new Regulations Review Authority (RRA 2.0) for a period of one year to review regulatory prescriptions internally as well as by seeking suggestions from RBI-regulated entities and
Mumbai, April 9 The Reserve Bank of India will purchase government securities maturing between November 2023 and March 2035 under the quantitative easing programme announced by Governor Shaktikanta Das after the monetary policy committee (MPC) meeting on Wednesday. In order
Mumbai, April 9 The Reserve Bank of India (RBI) has enhanced the maximum balance at the end of the day for payments banks to Rs 2 lakh per customer with immediate effect. The development comes a day after RBI Governor
Mumbai, April 8 The Reserve Bank of India (RBI) has directed all banks and NBFCs to immediately put in place a board-approved policy to refund or adjust the ‘interest on interest’ charged to borrowers during the moratorium period of March
Mumbai, April 7 The Reserve Bank of India (RBI) has relaxed the period of external commercial borrowing (ECB) proceeds in terms deposits. Post the decision, unutilised ECB proceeds drawn down on or before March 1, 2020 can be parked in
Mumbai, April 7 In a major boost to operations of the Payments Banks, the Reserve Bank of India on Wednesday doubled the limit of maximum balance that an individual customer can hold with them. Accordingly, Payments Banks can now hold
Mumbai, April 7 The Reserve Bank of India (RBI) has proposed to constitute a Committee to undertake a comprehensive review of the working of Asset Reconstruction Companies (ARCs) in the financial sector ecosystem. The committee would recommend suitable measures for
Mumbai, April 7 In a major move in the online payments segments, the Reserve Bank of India (RBI) has decided to allow payment system operators to take direct membership of Centralised Payment Systems (CPS), such as RTGS and NEFT. Membership
Mumbai, April 7 (IANS) Reserve Bank of India Governor Shaktikanta Das on Wednesday put onus on both Centre and the States to ensure that through coordinated policy measures the cost build up in the petroleum products does not escalate further. While
Mumbai, April 7 States and Union Territories are likely to borrow Rs 1.78 lakh crore in the April-June quarter 2021. In a statement on Tuesday, the RBI said: “The Reserve Bank of India, in consultation with the state governments/Union Territories
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