Reserve bank of India

Industry leaders confident about India's economic recovery, expansion: Survey 

As per the survey, about 59 per cent respondents believe that India provides a favourable atmosphere to run a business.

published on : 14th January 2022

Reserve Bank of India issues framework for offline digital transactions

As per the new rules, offline payments can be made face-to-face only, and transactions can be done without Additional Factor of Authentication.

published on : 4th January 2022

RBI gives approval to Fino Payments Bank's international money transfer service

The customer segment of Fino Bank at the middle of the pyramid is targeted to families of many of the people working in foreign countries, Fino Bank said.

published on : 3rd January 2022

ATM usage beyond permissible free transactions to become expensive from January 1

Presently, banks are allowed to charge Rs 20 for such transactions through ATMs.

published on : 31st December 2021

India's current account slips into deficit in second quarter

The current account was in a surplus mode both in the quarter-ago and year-ago periods.

published on : 31st December 2021

Intermediaries can maintain current accounts in appropriate number of banks: IRDAI

The regulator had received representations from the intermediaries in regards to maintaining current accounts with banks.

published on : 29th December 2021

NBFC sector expected to remain buoyant: RBI report 

The pandemic has tested the resilience of NBFCs, but so far, the sector has emerged stronger.

published on : 28th December 2021

RBI defers card tokenisation for digital payment for six months

Reserve Bank of India has extended the deadline for card tokenisation by six months till June 30, 2022 on the request of industry.

published on : 24th December 2021

RBI Board discusses private cryptocurrencies, Central Bank Digital Currency

The government listed Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the Winter Session of Parliament.

published on : 17th December 2021

RBI imposes penalty on PNB, ICICI Bank for deficiencies in regulatory compliance

In the case of the ICICI Bank, the RBI said the statutory inspection for supervisory evaluation of the bank was conducted by it with reference to its financial position as of March 31, 2019.

published on : 15th December 2021

RBI’s stricter PCA rule to enhance NBFCs’ regulation

The RBI introduced stricter prompt corrective action framework for large NBFC to improve regulatory reach, with effect from Oct 1.

published on : 15th December 2021

Kerala govt writes to RBI to withdraw caution notice on use of word 'bank' by co-op societies

The RBI had said in a statement that it has come to notice that some cooperative societies are using the word 'bank' in their names in violation of the Banking Regulation Act.

published on : 14th December 2021

India's retail inflation rises to 4.91% in November

The marginal rise in the inflation figures has been attributed to the rise in food prices particularly fruits and vegetables.

published on : 13th December 2021

Blanket ban on crypto not desirable: Dr Bimal Jalan

In an interview with TNIE, former RBI governor suggests framework to regulate the currency, ensure transparency.

published on : 10th December 2021

Reserve Bank of India to introduce UPI based payment solutions

India has over 118 crore mobile users, and of which only 74 crore have smartphones. This UPI service for feature phone users will benefit consumers in large numbers.

published on : 8th December 2021
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