Amid the cases of rampant sale and purchase of old coins and currency notes, RBI has come up with an advisory for citizens.
Direct access for non-banks to CPS lowers the overall risk in the payments ecosystem
"Even with a 9.5 per cent GDP growth in 2021-22, there will be substantial slack in the economy and demand pressures may take some more time to become evident," said te RBI Bulletin for July 2021.
To measure the extent of financial inclusion in the country, it has been decided to construct and periodically publish a financial inclusion index (FII).
The Reserve Bank of India has limited the maximum continued term of managing directors and whole time directors (WTD) of urban cooperative banks (UCBs) to 15 years in a series of steps taken to ensure professional management of these institutions that have often been found undertaking non-transparent activities right at the top.
Paving the way for takeover of crisis-ridden Punjab and Maharashtra Cooperative Bank (PMC), the Reserve Bank of India on Friday granted in-principle approval to the Centrum Financial Services to set up a small finance bank.
A committee constituted by the Reserve Bank of India (RBI) for reviewing ATM fees gamut, has recommended increasing certain charges related to cash withdrawal from ATM machines.
The RBI said the charges have been allowed to be increased given the increasing cost of ATM deployment and expenses towards ATM maintenance incurred by banks/white label ATM operators
As India's forex reserves cross the $600 billion-mark, there are indications that the ample liquidity, both globally and in the domestic space will continue to drive the Indian stock markets.
In a bid to support the revival of sectors hit most by the COVID-19 pandemic, the Reserve Bank of India (RBI) on Friday decided to open a separate liquidity window of Rs 15,000 crore for certain contact-intensive sectors like hotels and restaurants, tourism and aviation ancillary services.
The Reserve Bank of India (RBI) has lowered its growth projection for the current financial year to 9.5 per cent from the previous estimate of 10.5 per cent.
The Reserve Bank of India (RBI) will transfer Rs 99,122 crore as surplus to the Centre for nine months ended March 31, 2021.
If you planning an online money transfer using the banking system between Saturday midnight and Sunday, you are well advised to either cancel or postpone such transfers.
Mumbai: RBI on Wednesday allowed certain individual and small borrowers more time to repay debt and allowed banks to give priority loans to vaccine makers, hospitals and COVID-related health infrastructure…
Mumbai: The Reserve Bank of India did not stop at providing liquidity enhancement measures to tackle the current economic strain unleashed by the resurgence of a Covid-19 wave. It also…
Mumbai: As the county’s healthcare system reels under the severe Covid crisis, the Reserve Bank of India (RBI) on Wednesday announced a liquidity window of Rs 50,000 crore wherein vaccine…
Mumbai: India’s Reserve Bank will initiate measures to combat economic turbulence unleashed by the resurgence of Covid-19. In virtual address, RBI Governor Shaktikanta Das announced a number of liquidity enhancement…
Mumbai: Concerned over fresh COVID-19 wave and elevated food inflation, Reserve Bank of India on Wednesday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an…
Mumbai: The Reserve Bank of India (RBI) on Wednesday said that Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) will charge an applicable average base rate of 7.81 per cent from their borrowers during the April-June quarter. The average base rate charged during the current quarter is 7.96 per cent. “The Reserve Bank of India […]
New Delhi: The Supreme Court has held that the condition predicated in Section 31 of the 1973 Act of obtaining “previous” general or special permission of the RBI for transfer or disposal of immovable property situated in India by sale or mortgage by a person, who is not a citizen of India, is mandatory. “Until […]
Bhubaneswar: The Reserve Bank Of India (RBI) has decided to extend the Cheque Truncation System (CTS) across banks in the country. Earlier, the RBI had announced pan-India coverage of CTS by bringing all branches of banks in the country under an image-based CTS clearing mechanism. As per the latest notification, the CTS is in use […]
The Reserve Bank of India (RBI) has invited applications from eligible candidates for 841 posts of “Office Attendant” in various offices of the Bank. Selection for the post will be through a country-wide competitive Test (Online Test) followed by Language Proficiency Test (in Regional Language). Important Dates Website Link Open – February 24 – March […]
Bhubaneswar: The recent seizure of fake Indian currency notes (FICN) with a face value of a whopping Rs 7.9 crore in Koraput district of Odisha has sent the police as well as public into tizzy. Why craze for fake notes? While the circulation of fake banknotes has now become a major concern, experts opine that […]
Bhubaneswar: The Reserve Bank of India (RBI) has issued notification for recruitment to fill up several vacancies. Applications have been invited for recruitment of Assistant Manager (Official Language), Legal Officer (Grade-B), Manager Technical Civil, Assistant Manager Protocol and Security officers. Vacancy details: Assistant Manager (Official Language) – 12 Posts Legal Officer (Grade-B) – 11 Posts […]
Baripada: The Baripada Urban Cooperative Bank, whose licence was cancelled by the Reserve Bank of India in 2014, will soon refund the money to its depositors. Hopes of 76,000 depositors have run high after the Registrar of Cooperative Society has directed the Deputy Registrar of Cooperative Societies-Baripada in writing for smooth disbursement of money to […]