Tag: Reserve Bank Of India

RBI's MPC to meet soon; decision of Nov 3 meeting under wraps contrary to law
RBI's MPC to meet soon; decision of Nov 3 meeting under wraps contrary to law

The proceedings of the said MPC meeting have not been made public even though the law provides to the contrary.

  • Wednesday, 30 November 2022
RBI tighten norms for loan recovery agents
RBI to launch first pilot of retail digital rupee in 4 cities including in Bhubaneswar on Dec 1

The Reserve Bank announces the launch of the first pilot for retail digital rupee (e?-R) on December 1, 2022, the central bank said in a statement on Tuesday.

  • Tuesday, 29 November 2022
Fixed Deposit
Small Finance Banks in the hunt, offer more than 8% return on FDs; check details

Ujjivan Small Finance Bank recently announced it will pay an 8 percent interest rate on its 560-day deposits for regular customers and 8.75 percent for senior citizens. With this, Ujjivan ranked among banks that offer the highest rates among SFBs at this point.

  • Thursday, 24 November 2022
Digital Rupee From 1st November
RBI Says Digital Rupee Pilot For Wholesale Segment From November 1

The Reserve Bank of India (RBI) on Monday announced operationalisation of Digital Currency- Wholesale (e₹-W) Pilot. As per official sources, the Central Bank will commence pilot launches of Digital Rupee (e₹) for the wholesale segment (e₹-W) on November 1, 2022.

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  • Tuesday, 01 November 2022
Photos of Lakshmi & Lord Ganesh? 'Only Gandhiji on Indian currency notes', ruled RBI in 2010
Photos of Lakshmi & Lord Ganesh? 'Only Gandhiji on Indian currency notes', ruled RBI in 2010

The Reserve Bank of India (RBI) and the Centre had already put a lid on the issue way back in 2010.

  • Wednesday, 26 October 2022
Credit Cards
New credit card rules from 1 October, and how they affect you

You will benefit from the three new rules implemented by the Reserve Bank of India (RBI) for improving the payment options for cardholders. Now that the RBI rules have been implemented, the safety standards have increased even further for the cardholders.

  • Saturday, 01 October 2022
RBI
RBI expended about $80bn or 15% of reserves moderating rupee fall

The RBI has expended around $80 billion -- about 15 per cent of reserves -- moderating the rupee fall and that was the apt policy choice then.

  • Friday, 23 September 2022
RBI
RBI restrains Mahindra Finance from using recovery agents after accident

The Reserve Bank of India (RBI) on Thursday directed Mahindra & Mahindra Services Ltd, Mumbai (MMFSL), to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders.

  • Thursday, 22 September 2022
RBI
RBI ready to bring card tokenisation norms into effect from Oct 1

The Reserve Bank of India (RBI) is ready to bring its card-on-file tokenisation norms into effect from October 1 after various complaints were filed regarding the misuse of debit or credit cards.

  • Saturday, 17 September 2022
Fin Min Sitharaman
RBI wants govt to prohibit cryptocurrencies: Sitharaman

The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the government, she said.

  • Monday, 18 July 2022
RBI to pay Rs 30,307 crore dividend to govt for FY22
RBI to pay Rs 30,307 crore dividend to govt for FY22

The board also discussed the working of RBI during the year April 2021 March 2022 and approved the annual report and accounts for the accounting year 2021-22, the statement said.

  • Friday, 20 May 2022
India's Forex Reserves Plunged By Over $9.6 Bn, Steepest Dip In 2 Yr
India's Forex Reserves Plunged By Over $9.6 Bn, Steepest Dip In 2 Yr

According to analysts, a likely intervention by the Reserve Bank of India to arrest the sharp fall in rupee value against the US dollar depleted the reserve.

  • Sunday, 20 March 2022
Pvt Bank Promoters Can Hold Up To 26% After 15 Yrs, Will Have To Bring In More Money
Pvt Bank Promoters Can Hold Up To 26% After 15 Yrs, Will Have To Bring In More Money

The RBI accepted the recommendation that no changes be made to the extant instructions related to the initial lock-in requirements of holding a minimum 40 per cent of the paid-up voting equity share capital of the bank for the first five years but said no cap on the promoters holding during the same period.

  • Friday, 26 November 2021
Forex Reserves Drop By USD 2.47 Bn To USD 616.895 Bnc
Forex Reserves Drop By USD 2.47 Bn To USD 616.895 Bn

FCAs declined by USD 3.365 billion to USD 573.009 billion.

  • Friday, 27 August 2021
RBI
RBI announces Open Market Purchase under G-sec Acquisition Programme 2.0

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

  • Wednesday, 18 August 2021
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