Tag: Rbi

RBI
RBI streamlines Bharat Bill Payment System, customers get more protection

The directions state that NBBL is the entity authorised as the Payment System Provider for Bharat Bill Payment System (BBPS).

  • Friday, 01 March 2024
RBI
RBI notifies banks on interest equalisation scheme for rupee export credit

The rate of interest equalisation shall be 2 pert cent for manufacturers and merchant exporters exporting under specified 410 HS lines and 3 per cent for MSME manufacturers exporting under any HS line.

  • Thursday, 22 February 2024
RBI
India’s Q4 GDP growth at 7%, surge in corporate investments likely: RBI

“The Indian economy continues to sustain the momentum achieved in the first half of 2023-24, going by high frequency indicators,” the bulletin states.

  • Tuesday, 20 February 2024
Paytm FASTag
Paytm FASTag to stop functioning after March 15: Key details you should know

RBI cracks down on Paytm, stopping deposits and FASTag top-ups after February 29. NHAI removes Paytm as a FASTag provider. Users must deactivate Paytm FASTag.

  • Tuesday, 20 February 2024
RBI Governor Shaktikanta Das
RBI leaves repo rate untouched at 6.5% for 6th time in a row

Five out of six members of the Monetary Policy Committee voted in favour of the rate decision.

  • Thursday, 08 February 2024
RBI
RBI bars Paytm Payments Bank from accepting deposits after Feb 29

The Reserve Bank's action against Paytm Payments Bank Ltd (PPBL) follows a comprehensive system audit report and subsequent compliance validation report of the external auditors.

  • Wednesday, 31 January 2024
RBI
Inoperative, unclaimed deposits in bank account: RBI’s revised instructions to be effective from April 1

Banks shall undertake at least an annual review in respect of accounts, where there are no customer-induced transactions for more than a year.

  • Tuesday, 02 January 2024
RBI
RBI issues directions on Internal Ombudsman rules for banks, NBFCs

"These instructions are expected to further strengthen the IO mechanism and in turn, the Internal Grievance Redress system in regulated entities apart from providing ease of compliance," the RBI said in a release.

  • Friday, 29 December 2023
After RBI and banks, now threat to bomb 7 airports including Delhi and Jaipur
After RBI and banks, now threat to bomb 7 airports including Delhi and Jaipur

Sources said that an email came at around 10:23 pm on Wednesday night in which it was claimed that Delhi, Jaipur, Lucknow, Chandigarh, Mumbai, Chennai and Ahmedabad airports would be bombed.

  • Thursday, 28 December 2023
RBI gets bomb threat in email
RBI receives bomb threat in email; HDFC, ICICI bank in target

In the email, it was said that bombs would be planted in RBI office, HDFC bank and ICICI bank and demanded the resignation of RBI Governor Shaktikanta Das and Union Finance Minister Nirmala Sitharaman.

  • Tuesday, 26 December 2023
Rules tightened for banks, NBFCs for investments in AIFs
Rules tightened for banks, NBFCs for investments in AIFs

The RBI on Tuesday barred regulated entities (REs) such as banks and non-banking finance companies (NBFCs), from investing in any scheme of alternative investment funds (AIFs).

  • Tuesday, 19 December 2023
star Rs 500 notes
Rs 500 notes with star symbol fake? Here’s the truth and what RBI says

Recently, a message claiming that Rs 500 note with star symbol is fake was found doing the rounds on social media. However, PIBFact check found that, “The message deeming such notes as fake is false.”

  • Monday, 11 December 2023
RBI
RBI cautions public against misleading advertisements on loan waivers

Members of the public are cautioned not to fall prey to such false and misleading campaigns and report such incidents to law enforcement agencies, the central bank stated.

  • Monday, 11 December 2023
RBI hikes UPI payment limit to hospitals, educational institutes to Rs 5 lakh
RBI hikes UPI payment limit to hospitals, educational institutes to Rs 5 lakh

The RBI on Friday announced to raise the UPI payment limit to hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh presently.

  • Friday, 08 December 2023
RBI retained repo rate at 6.5%, announces Guv Shaktikanta Das
RBI retained repo rate at 6.5%, announces Guv Shaktikanta Das

The Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent.

  • Friday, 08 December 2023
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