RBI keeps repo rate unchanged at 5.15%
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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Tag "reserve bank of india"
RBI ups investment limit for FPIs in govt, corporate bonds
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)
RBI ups investment limit for FPIs in govt, corporate bonds
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
RBI cancels Vodafone m-pesa’s certificate of authorisation
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
RBI directs banks that credit, debit card users can enable, disable
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
Operation Twist-III: RBI buys, sells bonds worth Rs 10k crore each
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
RBI launches mobile app MANI for visually impaired
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
RBI launches mobile app MANI for visually impaired
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
RBI to conduct another ‘operational twist’ on Monday
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
RBI to provide liquidity facility to make NEFT system 24×7
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
India’s forex reserves rise to over $451 bn
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
RBI slaps Rs 1 cr penalty on Bandhan Bank
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
PMC Bank depositors now allowed to withdraw Rs 40,000
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
RBI fixes coop banks’ daily reporting system post PMC fraud
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
RBI rejects India Bulls-Lakshmi Vilas Bank amalgamation
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
RBI reduces key lending rate by 25 bps; maintains accomodative stance
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
RBI hikes withdrawal limit in PMC Bank to Rs 10k
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
RBI bars PMC Bank from doing business for 6 months
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
RBI revises norms for concurrent audit of banks
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
Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI
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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