Mumbai, Jan 18 (IANS) India’s overall economic activity remains strong despite facing headwinds from a rapid surge in Omicron infections, the Reserve Bank of India (RBI) said in its monthly bulletin for January 2022. “Overall economic activity in India remains strong,
New Delhi, Jan 13 (IANS) The RBI is likely to start raising the policy rate in the near future by up to 100 bps in 2022. “In the immediate neighbourhood, Pakistan and Sri Lanka have raised policy rates. We expect India,
New Delhi, Dec 30 (IANS) The Reserve Bank of India on Thursday extended the last date for Know Your Customer (KYC) updation for bank accounts by three months to March 2022. The RBI, through a notification, said it is extending the
New Delhi, Dec 29 (IANS) The Reserve Bank of India on Wednesday said the proliferation of private cryptocurrencies across the globe has sensitised regulators and governments to the associated risks. As per the cryptocurrencies pose immediate risks of frauds, to anti-money-laundering
Chennai, Dec 29 (IANS) Depositors of the RBL Bank Ltd need not worry about the safety of their money as Section 45 of Banking Regulation Act will protect their interests, said a top leader of All India Bank Employees’ Association (AIBEA).
New Delhi, Dec 29 (IANS) The Reserve Bank of India on Tuesday said that banks need to further bolster their capital positions to absorb potential slippages as well as to sustain the credit flow, especially when monetary and fiscal measures unwind.
Mumbai, Dec 28 (IANS) The Reserve Bank of India on Monday said that the financial health of RBL Bank remains stable. “The Reserve Bank would like to state that the bank is well capitalised and the financial position of the bank
Mumbai, Dec 27 (IANS) Several well known investors have lined up to buy a stake in RBL Bank and sought Reserve Bank’s permission, according to a media report. The report said that the investors approached RBI with proposals to buy 10
New Delhi, Dec 24 (IANS) The Alliance of Digital India Foundation (ADIF) on Friday welcomed the Reserve Bank of India’s (RBI) move to extend card tokenisation deadline by six months till June 30, 2022, urging the central bank to ensure readiness
Mumbai, Dec 24 (IANS) The Reserve Bank of India on Thursday extended card tokenisation deadline by six months till June 30, 2022, from the earlier deadline of December 31, 2021. “The timeline for storing of CoF (card-on-file) data is extended by
Mumbai, Dec 22 (IANS) A likely Reserve Bank of India’s intervention via a recent US dollar sale worth around $4 to $5 billion has arrested the sharp slide in rupee value, cited analysts. The RBI is known to enter the markets
New Delhi, Dec 22 (IANS) The Merchant Payments Alliance of India (MPAI) and the Alliance of Digital India Foundation (ADIF) on Wednesday urged the Reserve Bank of India (RBI) to extend the card-on-file (CoF) tokenisation deadline of December 31 for merchants.
Mumbai, Dec 18 (IANS) The Central Board of the Reserve Bank of India on Friday deliberated upon various aspects relating to the central bank digital currency and private crypto currencies. The discussions took place at the 592nd meeting of its Central
Mumbai, Dec 16 (IANS) The recovery for the Indian economy is spear-headed by an uptick in private investment through November-December alongside a turnaround in bank credit offtake, the Reserve Bank of India (RBI) said in its monthly bulletin for December. It
New Delhi, Dec 15 (IANS) The Reserve Bank of India on Tuesday introduced the prompt corrective action (PCA) framework for non-banking financial companies (NBFCs), and it will come into effect from October 1, 2022, based on the financial position of NBFCs
New Delhi, Dec 11 (IANS) The Reserve Bank of India on Friday made the ‘Legal Entity Identifier’ mandatory for cross-border transactions for capital or current account transactions worth Rs 50 crore and above. The LEI is a 20-digit number used to
Mumbai, Dec 9 (IANS) To support a durable as well as lasting economic recovery amid concerns over the Omicron variant of coronavirus, the Reserve Bank of India on Wednesday retained its key lending rates along with the growth-oriented accommodative stance during
Mumbai, Dec 8 (IANS) The Reserve Bank of India (RBI) on Wednesday maintained India’s GDP growth projection for the current financial year to 9.5 per cent on accelerated economic recovery along with pent-up demand. Accordingly, GDP is expected to grow at
Mumbai, Dec 8 (IANS) To support a durable as well as lasting economic recovery amid concerns over the Omicron variant of the coronavirus, the Reserve Bank of India on Wednesday retained its key lending rates along with the growth-oriented accommodative stance
New Delhi, Nov 27 (IANS) The Reserve Bank of India has accepted 21 out of the 33 recommendations submitted by an internal working group on the ownership and corporate structure of India’s private sector banks. The internal group was constituted by
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