Reserve Bank

Digital lending now on RBI’s leash

The central bank said loan disbursals as well as repayments can only executed via the bank accounts of borrowers and regulated entities (banks and NBFCs).

published on : 11th August 2022

India's Forex reserves remain fourth largest globally, says RBI Governor

The Reserve Bank of India (RBI) on Friday increased the policy repo rate by 50 basis points to 5.4%.

published on : 5th August 2022

Rupee holding up well relative to other currencies: RBI

He highlighted the global grim situation in view of inflationary pressures, tighter external funding situation and financial stability challenges in many countries.

published on : 23rd July 2022

Regulations for cryptocurrencies necessary considering their destabilising effect: FM Sitharaman

RBI Governor Shaktikanta Das called cryptocurrency a “clear danger” in the foreword to the 25th issue of the Financial Stability Report (FSR).

published on : 19th July 2022

RBI imposes Rs 1.68 crore penalty on Ola Financial Services for non-compliance with specific provisions

The penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by Ola Financial Services.

published on : 12th July 2022

RBI allows global trade settlement in rupee

RBI’s move, analysts  say, would make rupee more tradable globally and lessen dependence on US dollar

published on : 12th July 2022

Fintech start-up 1Pay gets RBI's payment aggregator licence

Founded in 2019, 1Pay is backed by ex-Goldman Sachs MD Sanjiv Shah and Sanjay Gaitonde. It is a payment aggregator that also brings transportation, logistics and the banking industry together.

published on : 9th July 2022

RBI imposes Rs 5.72 crore monetary penalty on Federal Bank Limited

The Reserve Bank of India said that the action is based on the deficiencies in regulatory compliance of the Federal Bank Limited.

published on : 8th July 2022

India's forex reserves fall USD 5.008 billion to USD 588.314 billion

The fall in the foreign exchange reserves was due to a dip in Foreign Currency Assets (FCA), a major component of the overall reserves, and also in the gold reserves.

published on : 8th July 2022

RBI ask banks to test note sorting machines on quarterly basis

The machines should be able to identify and segregate suspected counterfeits and notes which are unfit for circulation.

published on : 1st July 2022

Cryptocurrencies clear danger, says RBI Governor

Reserve Bank of India has been flagging concerns about cryptocurrencies, which are seen as a highly speculative asset.

published on : 30th June 2022

Economy on recovery path; inflationary pressure, geopolitical risks warrant careful handling of situation: RBI

The RBI's 25th Financial Stability Report said banks, as well as non-banking financial institutions, have sufficient capital buffers to withstand shocks.

published on : 30th June 2022

India's forex reserves dip by USD 5.9 billion to USD 590.59 billion: RBI

India's reserve position in the International Monetary Fund dropped by USD 17 million to USD4.968 billion during the week ended June 17, as per the RBI Weekly Statistical Supplement.

published on : 25th June 2022

RBI extends deadline for complying with card tokenisation norms to September 30

The basic purpose of tokenisation is to increase and improve customer safety. With tokenisation, storage of card details is limited.

published on : 25th June 2022

Monetary policy actions likely to be more moderate than other nations: RBI Deputy Governor

The government has tasked the RBI to ensure inflation remains at 4 per cent with a two per cent deviation on either side.

published on : 24th June 2022

High inflation weighed on Monetary Policy Committee members as RBI raised rate: Minutes

The MPC comprises the RBI Governor, two central bank officials, and three independent members nominated by the government.

published on : 22nd June 2022

RBI stops non-bank prepaid payment issuers from loading wallets, cards via credit lines

PPIs are instruments that facilitate purchase of goods and services, financial services, and remittance facilities, against the value stored therein.

published on : 21st June 2022

RBI’s Payments Vision 2025 document will make financial inclusion a reality, say experts

Over 26 crore digital payment transactions are processed daily by payment systems, of which UPI system itself processes more than two-thirds, said RBI.

published on : 21st June 2022

Subsidies offered by TS rose 20 per cent YoY: RBI

Telangana is one among the top five states in the country, which witnessed the ‘largest rise’ in subsidies in the last three years.

published on : 21st June 2022

CVC-constituted panel ABBFF gives advice on 84 bank fraud cases

The idea to establish ABBFF was to remove the fear of witch-hunting and actions based on hindsight, among officials of public sector banks.

published on : 19th June 2022
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