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Tag: Rbi

RBI
RBI To Transfer Rs 99,122 Crore As Surplus To Centre

The Reserve Bank of India (RBI) will transfer Rs 99,122 crore as surplus to the Centre for nine months ended March 31, 2021.

NEFT
Bank NEFT Transfers Will Not Be Operational Coming Weekend

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.

RBI Announces Loan Recast For Individuals, Small Borrowers
RBI Announces Loan Recast For Individuals, Small Borrowers

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…

RBI Grade B 2021 Recruitment
RBI Eases KYC Compliance, Extends Video KYC To New Customers

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…

RBI
RBI Announces Rs 50K Cr Liquidity Window For Covid-Related Health Services

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…

RBI-Guv
RBI Unleashes Liquidity Support To Suppress Covid Induced Turbulence

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…

RBI-Guv
RBI Keeps Interests Rates Unchanged At 4%, Maintains Accommodative Stance

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…

RBI
NBFC-MFIs To Charge 7.81% Average Base Rate In April-June

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 […]

Provisions For OBC Quota In Local Bodies Can't Breach 50% Limit: SC
RBI Nod Before Foreign National Transacting In Real Estate Mandatory: SC

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 […]

RBI
RBI Extends Cheque Truncation System In Banks; Click For Latest Circular

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 […]

RBI
RBI Recruitment: Apply For 841 Office Attendant Posts, Check Details

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 […]

fake currency notes
Fake Currency Notes: An Expert's Insight

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 […]

RBI Jobs 2021
RBI Recruitment 2021: Latest Notification For Multiple Vacancies; Check Details Inside

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 UCB
Baripada Urban Cooperative Bank To Pay Back Depositors Soon

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 […]

RBI
RBI To Allow Retail Investors To Directly Enter Govt Securities Market

Mumbai: In a major move aimed at encouraging small investors to become direct investors in government bonds or stated simply to an infinite source of lending to the government, the Reserve Bank on Friday said it will allow them to directly buy government debt, making India the first Asian country to do so and among […]

RBI
RBI Keeps Policy Rate Unchanged Fourth Time In A Row

Mumbai: Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in the future if need arises to support the economy hit by the COVID-19 pandemic. The benchmark repurchase (repo) rate has been left unchanged at 4 per cent, […]

RBI
Rs 1.6 Crore UN Covid Compensation Mail From RBI! Fact Check

Bhubaneswar: The social media was recently abuzz with news regarding withdrawal of old banknotes in the denominations of Rs 100, 10 and 5. The Reserve Bank of India (RBI) was quick to issue a statement and termed such news as ‘incorrect.’ Now a message post (e-mail) is doing rounds on several social media platforms about […]

old-notes
Withdrawal Of Old Rs 100, 10, 5 Banknotes; RBI Responds

Bhubaneswar: Following reports in a sections of media that the old banknotes of Rs 100, 10 and 5 denoinations would be demonetised by March-April, the Reserve Bank of India (RBI) on Monday issued an official statement. The Reserve Bank of India categorically termed such reports as ‘incorrect.’ In a tweet, the RBI said, “With regard […]

RBI To Restore Trading Hours For Currency And Bond Markets From Nov 9
RBI Cautions People About Companies Offering Loans Online Or Through Mobile Apps

Bhubaneswar: The Reserve Bank of India (RBI) on Friday cautioned people not to fall prey to companies/ firms offering loans online or through mobile apps. In a statement, the RBI has advised people to be remain alert regarding such unscrupulous activities and verify the antecedents of such companies. According to RBI, legitimate public lending activities […]

DBT
Odisha Figures At Distant 12th In Per Capita DBT Transfer In Country: RBI

Bhubaneswar: Notwithstanding Odisha Government’s all out emphasis on the Direct Benefit Transfer (DBT) to implement 5T in governance, and when DBT has proved as the pillar of prime support for the poor and vulnerable during the pandemic time in the country, Odisha couldn’t make it into the top-10 states in the DBT index-2019 prepared by […]

RTGS
RTGS Facility To Be Available 24X7 From Tonight; Click For Latest Updates

Bhubaneswar: The Real Time Gross Settlement System (RTGS) will be available round the clock on all days from December 14. The Reserve Bank Of India (RBI) Governor Shakti Kant Das informed that, “RTGS facility becomes operational 24X7 from 12.30 pm tonight. Congratulations to the teams from RBI, IFTAS and the service partners who made this […]

RBI increase RTGS Operation
Big News! RTGS Facility To Be Available 24X7; Click For Latest Updates

Bhubaneswar: The real-time gross settlement (RTGS) payment system will be available round the clock from December 14, the Reserve Bank Of India (RBI) said on Friday. The RTGS System, which is used for high value transactions, will be available for customers and inter-bank transactions round the clock, except for the interval between ‘end-of-day’ and ‘start-of-day’ […]

RBI-Guv
RBI Maintains Status Quo Third Time In A Row, Keeps Policy Rate Unchanged At 4%

Mumbai: Concerned over elevated inflation, Reserve Bank of India on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying more rate cuts in the future if need arises to support the economy hit by the COVID-19 pandemic. The benchmark repurchase (repo) rate has been left unchanged […]

Rupees
Rupee Rises 16 Paise To 73.77 Against US Dollar As RBI Maintains Status Quo On Interest Rate

Mumbai: The rupee appreciated by 16 paise to 73.77 against the US dollar in the opening session on Friday as the Reserve Bank of India maintained status quo on benchmark interest rate for the third time in a row. Traders said sustained foreign fund inflows, positive opening in domestic equities and weakness of the American […]

RBI-HDFC
RBI Asks HDFC Bank To Temporarily Stop Issuing New Credit Cards

New Delhi: The Reserve Bank has asked HDFC Bank to temporarily stop all launches of the ‘Digital Business generating activities and sourcing of new credit card customers. “RBI has issued an order dated December 2, 2020, to HDFC Bank Ltd with regard to certain incidents of outages in the internet banking/ mobile banking/ payment utilities […]

Indian Economy Claws Back Faster Than Expected In Q2
Indian Economy Claws Back Faster Than Expected In Q2

New Delhi: India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter […]

RBI Sets New Milestone: 1st Central Bank To Have 1 Million Followers On Twitter
RBI Sets New Milestone: 1st Central Bank To Have 1 Million Followers On Twitter

Mumbai: The Reserve Bank of India’s (RBI) Twitter handle achieved 1 million followers on Sunday, turning it the first central bank in the world to achieve the feat. Taking to Twitter, RBI Governor, Shaktikanta Das wrote: “RBI Twitter account reaches one million followers today. A new milestone. Congratulations to all my colleagues in RBI.” RBI […]

Nirmala-Sitharaman
Indian Economy Witnessing Strong Recovery: FM Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Thursday said the Indian economy is witnessing a strong recovery after a long and strict lockdown. Addressing a press conference to announce more stimulus measures to boost growth, she said macro-economic indicators are pointing towards recovery. COVID-19 active cases have declined from over 10 lakh to 4.89 lakh […]

RBI
India Enters Into Technical Recession For First Time: RBI Report

Mumbai: India has technically entered into a recession with a likely contraction in its GDP during the July-September period, according to a report by the Reserve Bank of India (RBI). RBI’s Economic Activity Index estimates that India’s GDP growth for the second quarter of the current financial year was negative and the GDP contracted by […]

No Increase In Service Charges By Any Public Sector Bank: Finance Ministry
No Increase In Service Charges By Any Public Sector Bank: Finance Ministry

New Delhi: The Finance Ministry on Tuesday said that there has been no increase in service charges by any public sector bank even as Bank of Baroda decided to withdraw changes made with regard to the number of free cash deposit transactions in a bank account per month. Bank of Baroda had made certain changes […]

RBI Grade B 2021 Recruitment
RBI Asks Lenders To Implement 'Waiver Of Interest On Interest' Scheme

Mumbai: The Reserve Bank on Tuesday asked all lending institutions, including non-banking financial companies, to ensure that the scheme of waiver of interest on interest for loans up to Rs 2 crore for the six-month moratorium period is implemented by November 5, as decided by the government. Last Friday, the government had announced the scheme […]

India At Doorstep Of Economic Revival: RBI Governor

New Delhi: Reserve Bank Governor Shaktikanta Das on Wednesday said the country is at the doorstep of economic revival on the back of accommodative monetary and fiscal policies being pursued by the central bank and the government. Das was speaking at the launch of the book ‘Portraits of Power: Half a Century of Being at […]

RBI1
Loan Moratorium: Going Any Further From Relief Announced Would Be Detrimental To Economy, Centre Tells SC

New Delhi: The Centre has told the Supreme Court that going any further than the fiscal policy decisions already taken, such as waiver of compound interest charged on loans of up to Rs 2 crore for six months moratorium period, maybe “detrimental” to the overall economic scenario, the national economy and banks may not take […]

RBI
RBI Keeps Key Rates Unchanged: Highlights From Monetary Policy Statement

Mumbai: Maintaining status quo for the second time in a row, Reserve Bank of India on Friday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying more rate cuts in the future if the need arises to support the economy hit by the COVID-19 crisis. The benchmark […]

RBI
Rajeshwar Rao Appointed As RBI Deputy Governor

New Delhi: The Centre on Wednesday appointed M. Rajeshwar Rao as the Deputy Governor of the Reserve Bank of India (RBI). Rao is currently an Executive Director with the central bank. “The Appointments Committee of the Cabinet has approved the appointment of M. Rajeshwar Rao, Executive Director, Reserve Bank of India to the post of […]

RBI
RBI Affirms Currency Notes Potential Corona Carriers: CAIT

New Delhi: The Confederation of All India Traders (CAIT) on Sunday said that the RBI had affirmed the possibility of currency notes as potential carriers of novel coronavirus and demanded government incentives for digital payments. The development comes after CAIT wrote a letter to Union Finance Minister Nirmala Sithraman on March 9, 2020 seeking clarification whether […]

RBI-Guv
COVID-19 Impact: Will Take Necessary Measures To Promote Growth, Says RBI Governor

New Delhi: RBI Governor Shaktikanta Das on Wednesday assured the industry that the central bank will take all necessary measures to ensure liquidity in the system and promote economic growth. Indian economy contracted 23.9 per cent in the first quarter of the current financial year. Addressing a virtual conference organised by industry body Ficci, Das […]

RBI To Restore Trading Hours For Currency And Bond Markets From Nov 9
RBI Announces Additional Measures To Ensure Orderly Market Conditions

Mumbai: The Reserve Bank of India (RBI) on Monday announced additional steps to ensure orderly market conditions and congenial financial conditions, including conducting a special open market operation and a repo term operation. In a statement, the RBI said that recently, market sentiments had been impacted by concerns relating to the inflation outlook and the […]

rs-2000-notes
Rs 2,000 currency notes not printed in 2019-20: RBI

New Delh: Currency notes of Rs 2,000 were not printed at all in financial year 2019-20, according to the Reserve Bank of India (RBI). The central bank’s Annual Report for 2019-20 also showed that the supply of banknotes during the period was lower by 23.3 per cent than in the previous year, mainly due to […]

GST
Evolving Taxation: RBI Weighted GST Rate Declines To 11.6% Since Inception

New Delhi: The Goods and Services Tax (GST), often hailed as the “biggest tax reform” in India, has evolved over the years, and the weighted rate of GST has declined in the past few years to 11.6 per cent from 14.4 per cent in May 2017. The Finance Ministry on Monday cited data from Reserve […]

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