Reserve Bank of India

RBI to pay Rs 30,307 crore dividend to government for FY22

Last year in May, RBI declared a dividend of Rs 99,122 crore for the nine-month period (July 2020 to March 2021).

published on : 20th May 2022

Mohalla clinics to be launched in Punjab on August 15

Bhagwant Mann said 75 clinics of the Delhi pattern project would be launched in the first phase.

published on : 20th May 2022

Employment rate improved in Telangana post Covid, says RBI report

Employment rate in Telangana has increased considerably post Covid-19 time, as per a report of Reserve Bank of India (RBI) that was released on Wednesday. 

published on : 19th May 2022

Repo rate likely to reach pre-Covid level by August

Repo rate is likely to reach pre-pandemic level of 5.15% from the existing 4.4% by August, says a SBI report. 

published on : 17th May 2022

Banks can continue providing credit to NBFCs for on-lending to priority sectors: RBI 

These limits will be computed by averaging across four quarters of the financial year, to determine adherence to the prescribed cap, the circular said.

published on : 13th May 2022

World on fire with inflation, RBI hems and haws 

It had, via the monetary policy committee, taken the decision to raise the repo rate (the rate at which the RBI lends money to banks) by 40 basis points.

published on : 8th May 2022

RBI's rate hikes to weigh down on banking system credit growth: India Ratings

The tailwinds supporting a pick-up in credit growth will be in demand from the industry and services segments, even as growth in the agri segment remains stable and muted in the retail segment.

published on : 5th May 2022

RRA recommends withdrawal of 225 more circulars: RBI

The Reserve Bank of India had set up the Regulations Review Authority RRA 2.0 with an objective to reduce the compliance burden on regulated entities.

published on : 2nd May 2022

RBI report on GDP loss ‘belies’ Finance Ministry estimates

That’s Rs 219 crore output loss every hour as against the finance ministry’s forecast of Rs 110 crore.

published on : 1st May 2022

RBI imposes Rs 1.12 crore penalty on Bank of Maharashtra 

The penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers.

published on : 25th April 2022

RBI's Monetary Policy Committee in meeting expresses concern over inflation

While RBI decided to maintain status quo, it raised inflation forecast to 5.7 per cent for the current fiscal, up from its 4.5 per cent estimate in February.

published on : 22nd April 2022

Hyderabad City Commissioner of Police holds cyber security meet

The meeting was held in wake of the recent cyber attack where Nigerian hackers siphoned off Rs 12.9 crore from Mahesh Bank, Hyderabad.

published on : 15th April 2022

RBI may hike repo rate by 25 bps in June: Report

Retail inflation surged to 6.95 per cent on yearly basis in March 2022 as compared to 6.07 per cent in February 2022 mainly on account of spiralling food prices.

published on : 13th April 2022

Card-less cash withdrawal facility across all banks' ATM network soon: RBI

"In addition to enhancing ease of transactions, the absence of the need for physical card for such transactions would help prevent frauds such as card skimming, card cloning," said das.

published on : 8th April 2022

RBI maintains status quo; leaves benchmark lending rate unchanged at 4 per cent

This is the 11th time in a row that the Monetary Policy Committee headed by RBI Governor Shaktikanta Das has maintained the status quo.

published on : 8th April 2022
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