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Tag "reserve bank of india"

RBI keeps repo rate unchanged at 5.15%

RBI keeps repo rate unchanged at 5.15%

🕔12:44, 6.Feb 2020

Mumbai, Feb 6  The Reserve Bank of India on Thursday kept the benchmark rate of interest unchanged at 5.15 per cent in view of the uptick in inflation. The RBI has kept the repo rate unchanged at 5.15 per cent

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RBI ups investment limit for FPIs in govt, corporate bonds

RBI ups investment limit for FPIs in govt, corporate bonds

🕔12:00, 24.Jan 2020

New Delhi, Jan 23 The Reserve Bank of India on Thursday raised the investment limit for FPIs in government and corporate bonds to bring in more foreign funds into the market. Currently, short-term investments by a foreign portfolio investors (FPI)

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RBI ups investment limit for FPIs in govt, corporate bonds

RBI ups investment limit for FPIs in govt, corporate bonds

🕔06:53, 24.Jan 2020

New Delhi, Jan 24 The Reserve Bank of India on Thursday raised the investment limit for FPIs in government and corporate bonds to bring in more foreign funds into the market. Currently, short-term investments by a foreign portfolio investors (FPI) should

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RBI cancels Vodafone m-pesa’s certificate of authorisation

RBI cancels Vodafone m-pesa’s certificate of authorisation

🕔11:46, 22.Jan 2020

Mumbai, Jan 22  The Reserve Bank of India on Tuesday cancelled the Certificate of Authorisation (CoA) of Vodafone m-pesa after its voluntary surrender of authorisation. The company henceforth cannot transact business of issuance and operation of Prepaid payment Instruments, RBI

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RBI directs banks that credit, debit card users can enable, disable

RBI directs banks that credit, debit card users can enable, disable

🕔06:54, 16.Jan 2020

New Delhi, Jan 16  To improve user convenience and increase the security of card transactions,the Reserve Bank of India (RBI) has asked all banks to give card users, credit and debit, the facility to enable/disable their cards for different types

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Operation Twist-III: RBI buys, sells bonds worth Rs 10k crore each

Operation Twist-III: RBI buys, sells bonds worth Rs 10k crore each

🕔06:47, 7.Jan 2020

New Delhi, Jan 7 The Reserve Bank of India (RBI) on Monday bought Rs 10,000 crore of three long-term securities while selling the same amount of three short-term bonds in the third special open market operation in three weeks. It got

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RBI launches mobile app MANI for visually impaired

RBI launches mobile app MANI for visually impaired

🕔18:48, 2.Jan 2020

New Delhi, Jan 2 (IANS) The Reserve Bank of India on Wednesday launched a unique mobile application for aiding visually impaired persons to identify the denomination of Indian bank notes. The application — Mobile Aided Note Identifier — was launched by

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RBI launches mobile app MANI for visually impaired

RBI launches mobile app MANI for visually impaired

🕔06:43, 2.Jan 2020

New Delhi, Jan 2 The Reserve Bank of India on Wednesday launched a unique mobile application for aiding visually impaired persons to identify the denomination of Indian bank notes. The application — Mobile Aided Note Identifier — was launched by RBI

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RBI to conduct another ‘operational twist’ on Monday

RBI to conduct another ‘operational twist’ on Monday

🕔20:02, 26.Dec 2019

Mumbai, Dec 26 (IANS) The Reserve Bank of India (RBI) on Thursday said it will conduct another simultaneous purchase and sale of government securities under the Open Market Operations (OMO) for Rs 10,000 crore each, on Monday. The decision was taken

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RBI to provide liquidity facility to make NEFT system 24×7

RBI to provide liquidity facility to make NEFT system 24×7

🕔07:12, 14.Dec 2019

Mumbai, Dec 14  The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of payment system National Electronic Funds Transfer (NEFT) on a round-the-clock basis from December 16, the central bank

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India’s forex reserves rise to over $451 bn

India’s forex reserves rise to over $451 bn

🕔14:51, 7.Dec 2019

Mumbai, Dec 7  India’s foreign exchange reserves rose by $2.48 billion during the week ended November 29, official data showed on Friday. According to the Reserve Bank of India’s weekly statistical supplement, the overall forex reserves increased to $451.08 billion

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RBI slaps Rs 1 cr penalty on Bandhan Bank

RBI slaps Rs 1 cr penalty on Bandhan Bank

🕔07:00, 30.Oct 2019

New Delhi, Oct 30  The Reserve Bank of India (RBI) on Tuesday imposed Rs 1 crore penalty on Bandhan Bank for non-compliance with promoter holding norms, contained in the licencing guidelines. Under the guidelines, the bank was required to bring

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PMC Bank depositors now allowed to withdraw Rs 40,000

PMC Bank depositors now allowed to withdraw Rs 40,000

🕔07:39, 15.Oct 2019

Mumbai, Oct 15  The Reserve Bank of India on Monday again raised the withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank – to Rs 40,000 from Rs 25,000. According to the RBI, the latest relaxation will allow about

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RBI fixes coop banks’ daily reporting system post PMC fraud

RBI fixes coop banks’ daily reporting system post PMC fraud

🕔09:40, 12.Oct 2019

Mumbai, Oct 12  The Reserve Bank of India on Friday has changed the daily reporting system at cooperative banks after the collapse of Punjab and Maharashtra Cooperative Bank following the unearthing of over Rs 4,000 crore fraud there. In a

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RBI rejects India Bulls-Lakshmi Vilas Bank amalgamation

RBI rejects India Bulls-Lakshmi Vilas Bank amalgamation

🕔08:58, 10.Oct 2019

Mumbai/Chennai, Oct 10  The Reserve Bank of India on Wednesday rejected the merger of Lakshmi Vilas Bank and India Bulls Housing Finance Ltd, months after the bank had sought its approval on May 7. “The RBI vide their letter dated

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RBI reduces key lending rate by 25 bps; maintains accomodative stance

RBI reduces key lending rate by 25 bps; maintains accomodative stance

🕔12:09, 4.Oct 2019

Mumbai, Oct 4  To reverse the consumption slowdown and shore-up growth, the Reserve Bank of India on Friday reduced key lending rates for the fifth consecutive time. Accordingly, the the RBI’s monetary policy committee (MPC) in its fourth policy review

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RBI hikes withdrawal limit in PMC Bank to Rs 10k

RBI hikes withdrawal limit in PMC Bank to Rs 10k

🕔08:00, 27.Sep 2019

Mumbai, Sep 27  Providing relief to the customers, the Reserve Bank of India (RBI) on Thursday hiked the withdrawal limit from Rs 1,000 to Rs 10,000 per bank account in the sanction-hit Punjab and Maharashtra Cooperative (PMC) Bank. The RBI

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RBI bars PMC Bank from doing business for 6 months

RBI bars PMC Bank from doing business for 6 months

🕔12:22, 24.Sep 2019

Mumbai, Sep 24  The Reserve Bank of India (RBI) has barred the Punjab & Maharashtra Cooperative Bank Ltd (PMC), Mumbai from carrying out the majority of its routine business transactions for a period of six months, sparking panic among the

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RBI revises norms for concurrent audit of banks

RBI revises norms for concurrent audit of banks

🕔07:31, 20.Sep 2019

Mumbai, Sep 20  The Reserve Bank of India has revised the norms of concurrent audit of banks whereby the apex bank has capped the term for concurrent auditors at three years. Concurrent audit aims at shortening the interval between a

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Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI

Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI

🕔17:32, 16.Sep 2019

Mumbai, Sep 16  Indian private and public sector banks (PSBs) had aggregate savings deposits of Rs 39.72 lakh crore as on March 31, 2019, while foreign banks had a share of Rs 58,630 crore, according to RBI data published in

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