RBI Revises Timeline For Government Treasury Bill Auctions | Economy News

New Delhi: The Reserve Bank of India (RBI) has announced a revised schedule for the auction of Government of India treasury bills. As part of this update RBI has reduced the amount of treasury bills being sold. Further, a new selection of bonds has been introduced for the government’s buyback operations. “The Reserve Bank of […]

ABHISEK RAJPUT

May 18, 2024

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India Forex Reserves Surge By $2.56 Bn To $644.15 Bn | Economy News

New Delhi: India’s foreign exchange reserves surged by $2.56 billion to $644.15 billion during the week ended May 10, the latest data released by the RBI showed on Friday. This is the second consecutive week during which the country’s forex kitty has expanded after registering a $3.66 billion rise to $641.59 billion for the week […]

ABHISEK RAJPUT

May 17, 2024

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RBI Appoints R Lakshmi Kanth Rao As New Executive Director

Rao had served as Banking Ombudsman at RBI Chennai and as Regional Director of Uttar Pradesh at Lucknow. Source link

ABHISEK RAJPUT

May 11, 2024

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RBI Lifts Ban On Bank of Baroda's BoB World App, Allowing New Customer Registrations

The Bank of Baroda had subsequently taken out corrective measures to address the concerns highlighted by the RBI.  Source link

ABHISEK RAJPUT

May 8, 2024

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RBI Coming Up With New Steps To Expand UPI Outreach

The stakeholders shared their suggestions on strategies for scaling up of UPI infrastructure and expanding the products portfolio. Source link

ABHISEK RAJPUT

May 8, 2024

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RBI Tweaks Rules To Cut Risk Banks Face In Exposure To Capital Markets | Economy News

New Delhi: The RBI on Friday tweaked rules to reduce the risk faced by banks in their exposure to capital market in the case of issue of Irrevocable Payment Commitments (IPCs). The RBI issued a circular stating that “only those custodian banks will be permitted to issue IPCs, who have a clause in the agreement […]

ABHISEK RAJPUT

May 3, 2024

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97.76% Of Rs 2,000 Banknotes Returned, Says RBI Status Report | Personal Finance News

New Delhi: The Reserve Bank of India (RBI) said that 97.76 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, when their withdrawal was announced, have now been returned. “The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on […]

ABHISEK RAJPUT

May 3, 2024

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Stop Charging Extra Interest On Loan Amount Not Received, Refund Excess Charges To Customers: RBI To Banks | Personal Finance News

New Delhi: The Reserve Bank of India (RBI) has directed banks to review unfair interest practices adopted by them. RBI yesterday (29 April) directed all commercial banks, primary (urban) co-operative banks, state co-operative banks, district central co-operative banks, non-banking financial companies (NBFCs), including microfinance institutions and housing finance companies, to take corrective action and refund […]

ABHISEK RAJPUT

April 30, 2024

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RBI Lays Out Criteria For Small Finance Banks To Achieve Universal Banks License

The bank intending to transit must have their shares listed on a recognized stock exchange. Source link

ABHISEK RAJPUT

April 27, 2024

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RBI Issues Draft Rules For Web Aggregators Of Loan Products

The RBI specifies that the digital view should include essential details such as the name of the bank or NBFC extending the loan. Source link

ABHISEK RAJPUT

April 27, 2024

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RBI Orders TalkCharge to Refund Customers' PPI Wallet Balance, Cautions Public Against PPI Issued By Unauthorised Entities

Gurugram-based company TalkCharge has been asked by RBI to stop issuance and operation of its PPI or Wallets and refund the balances held in the wallets  by May 17, 2024. Source link

ABHISEK RAJPUT

April 26, 2024

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Setback For Kotak Mahindra Bank, RBI Bars It From Onboarding Customers Online, Issuing Credit Cards | Companies News

Taking strong action over repeated non-compliance with IT norms, the Reserve Bank of India today barred Kotak Mahindra Bank Limited from onboarding new customers through online/mobile banking methods and also from issuing new credit cards with immediate effect. The RBI said it took the action under Section 35A of the Banking Regulation Act, 1949. The […]

ABHISEK RAJPUT

April 24, 2024

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