The Reserve Bank of India has turned its attention to meeting the funding requirements of NBFCs, MFIs and housing finance by providing special refinance facilities of Rs 50,000 crore to All India Financial Institutions (AIFIs) such as the NABARD and the SIDBI.
Reserve Bank Governor Shaktikanta Das on Monday said slowing credit growth is one of the major challenges that banks are facing currently.
Debit Card users alert! Are you debit card users of SBI, PNB, HDFC, ICICI, or other banks? Then this is important new for you! All public and private banks will block debit cards (ATM cards) which doesn't have EMV (Europay, Mastercard and Visa) after 1st January 2020. According to the Reserve Bank of India (RBI) guidelines, all Indian banks need to replace the magnetic debit card of their customers with a new EMV card.
After rising 284 points in early session, the 30-share index was trading 244.04 points or 0.60 per cent higher at 40,825.75. Similarly, the broader Nifty was trading 66.20 points or 0.55 per cent up at 12,038.
The revised rates of telecom operators will add to the inflation rate in the country. Reserve Bank Governor Shaktikanta Das said on Thursday.
The inflation based on Consumer Price Index (CPI) was 3.99 per cent in September and 3.38 per cent in October 2018. The inflation in the food basket spiked to 7.89 per cent in October 2019 as against 5.11 per cent the preceding month
PMC Bank Crisis: The Reserve Bank of India's banking restrictions on Punjab and Maharashtra Cooperative Bank (PMC Bank) has left lakhs of depositors into a huge snag. What will happen to depositors money if the bank fails? How RBI's restrictions hurt lakhs of PMC Bank depositors?
PMC Bank Restricted: The Reserve Bank of India (RBI) on Tuesday barred Mumbai-based Punjab and Maharashtra Cooperative Bank (PMC Bank) from carrying out any kind of business transactions for six months for violation of various regulations. Here's how it is going to impact customers and market:
India's services exports rose by 6.6 per cent to USD 17.94 billion in March, according to the data released by the Reserve Bank Wednesday.
Calculated on the basis of Wholesale Price Index (WPI), the inflation was 3.58 per cent in December 2017 and 4.26 per cent in January 2017.
The cut in the key lending rate comes on the back of the sharp dip in retail inflation over the past few months. The revised repo rate at 6 per cent is the lowest in six-and-a-half years since November 2010
After the successful launch of new Rs 2,000 and Rs 500 notes, the Reserve Bank of India (RBI) is planning to introduce banknotes of Rs 200 denomination.
The Reserve Bank on India (RBI) has imposed penalties of up to Rs 5 lakh on four co-operative banks for violation of norms.
The Reserve Bank today released draft guidelines for computing exposure for counterparty credit risk (CCR) arising from derivative transactions and capital requirements for bank exposures to central counterparties (CCPs).
Mumbai: The Reserve Bank of India will buy government bonds worth Rs 15,000 crore through open market operations (OMO) this week to infuse liquidity into the markets. Based on the current assessment of prevailing and
New Delhi: RBI governor Raghuram Rajan, currently in the eye of the storm over his 'one-eyed is king among blind' remark, may be the most powerful person at the central bank, but he does not
The Reserve Bank today projected retail inflation to be around 5 per cent for the current fiscal, saying that the 7th Pay Commission burden could put an upward pressure of up to 1.50 per cent over two years.
Reserve Bank has asked banks to pay interest on savings banks account on quarterly basis or shorter duration, a move which will benefit crores of savings account holders.
Describing the IIP numbers as “disappointing”, Reserve Bank Governor Raghuram Rajan today said the economy is recovering, but the process of recovery is volatile.
Chennai: Rising bad loans at government-owned banks running into several crores has caught the country's attention. The Reserve Bank has stepped in and the top court has raised some serious questions.There are two big problem
Top News
Latest News
