Tag: Rbi

The decision was taken by the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi.

The estimates of CRISIL Ratings are predicated on a base-case scenario of 9.5 per cent GDP growth this fiscal and continued improvement in corporate credit quality.

RBI Governor said that the pilot of this innovative technology facilitating digital payments in offline mode has been successful and the learnings indicate that there is a scope to introduce such solutions, especially in remote areas.

The current IMPS limit is Rs 2 lakh meaning a bank consumer can transfer this amount for making any immediate money transfer on a day.

RBI had last revised its policy repo rate or the short-term lending rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.

As Executive Director, Kumar will look after the Department of Currency Management, Foreign Exchange Department and Premises Department.

IBA, entrusted with the task of setting up a bad bank, has put a preliminary board for NARCL in place. The company has hired P M Nair, a stressed assets expert from State Bank of India (SBI), as the managing director.

Under the G-sec Acquisition Programme (G-SAP 2.0), the Reserve Bank will conduct open market purchase of government securities of Rs 25,000 crore on August 26

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

RBI Governor Shaktikanta Das pointed out that economy is recovering from set back from the Covid's second wave. He said that accelerated vaccination drive along with, buoyant exports and monetary as well as fiscal support has aided recovery.

Amid the cases of rampant sale and purchase of old coins and currency notes, RBI has come up with an advisory for citizens.

Bhubaneswar: The Odisha Congress has decided to stage demonstration in front of the Reserve Bank of India (RBI) office building as part of its nation-wide protest on the second anniversary of demonetisation tomorrow. Slamming the Centre, the Congress alleged the BJP government at the Centre has ruined the economy of the country through demonetisation. Besides, […]

By Surya Narayan Pradhan Bhubaneswar: With the approval from the Reserve Bank of India (RBI) to e-commerce and payment system company Paytm to start payments bank services in the beginning of 2017 followed by the launch of Airtel Payments Bank services across the country, the Indian financial ecosystem is ready to offer its citizens a […]

Direct access for non-banks to CPS lowers the overall risk in the payments ecosystem

Of the many things that demonetization has banished, a prominent and worrying one has been the credibility of Reserve Bank of India (RBI). For its management, its execution, its information sharing, its transparency, its rule making or the lack of them, the apex bank as an institution has received flak. The recent news of RBI […]