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
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.
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
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
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
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
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.
New Delhi, Sep 6 (IANS) Despite extreme volatility in global stock markets, especially after US Federal Reserve chairman Jerome Powell’s Jackson Hole symposium remarks last week, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday that the Indian rupee
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
Chennai, Aug 26 (IANS) Credit growth outpaced deposit growth for commercial banks in June, the Reserve Bank of India (RBI) said in its quarterly statistics on deposit and credit of commercial banks for June 2022 released on Thursday. As credit growth
Mumbai, Aug 25 (IANS) The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance demonstrated by the entity to RBI rules, the central bank said in a release. “With
New Delhi, Aug 23 (IANS) The minutes of the August 22 Monetary Policy Committee of the RBI highlights that inflation continues to remain the key concern for the MPC members despite a deceleration in the overall price momentum after a peak
Mumbai, Aug 18 (IANS) The Reserve Bank of India (RBI) released a discussion paper on “Charges in Payment Systems” for public feedback, the central bank said in a release. Feedback may be provided in respect of questions raised therein, including other
Mumbai, Aug 18 (IANS) Most banks are increasing their deposit rates for boosting deposit to support rising credit off-take as liquidity in the banking system has narrowed. The hike in deposit rates are in line with the Reserve Bank of India’s
Mumbai, Aug 6 (IANS) India’s forex reserves rose around $2.4 billion during the week ending July 29 after falling for the four consecutive weeks. The rise was seen on back of positive inflows by the foreign investors in the Indian equity
Mumbai, Aug 5 (IANS) With the Reserve Bank of India (RBI) on Friday raising the repo rate by 50 basis points to take it to pre-pandemic levels at 5.40 per cent, as the MPC seeks to bring inflation closer to the
Mumbai, Aug 5 (IANS) The Reserve Bank of India (RBI) will allow the Bharat Bill Payment System (BBPS) to process cross-border inbound bill payments that will help senior citizens in India while their wards are overseas, said Governor Shaktikanta Das. The
Mumbai, Aug 5 (IANS) The yield on benchmark government bond yields rose sharply by 9 basis points in the morning trade after the Reserve Bank of India (RBI) announced an increase of the repo rate by 50 basis points. The yield
Chennai, Aug 5 (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate or repo rate by 50 basis points (bps) to 5.4 per cent. The policy or the repo rate is the interest
Mumbai, Aug 4 (IANS) In a significant move, the Reserve Bank of India (RBI) has released a list of states, Union Territories and districts dominated by different minority communities for extending priority lending schemes implemented by scheduled commercial banks in the
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