RBI

RBI issues new directions to banks for recovering money lost in frauds,

18 Jul 2024

Reserve Bank of India (RBI) has issued new directions to banks and other regulated entities to ensure that money lost through fraudulent transactions is recovered and not written off as non-performing asset (NPA).

RBI lifts ban on Bank of Baroda onboarding customers in its mobile app

09 May 2024

Reserve Bank of India (RBI) has reviewed its 10 October 2023 decision to suspend onboarding of customers by Bank of Baroda’s mobile application `BoB World’

REC gets RBI nod to set up subsidiary in GIFT City

07 May 2024

REC Limited, a Maharatna central public sector enterprise and a leading NBFC providing finance to the power sector, has received a ‘No Objection Certificate’ from the Reserve Bank of India (RBI)

RBI directs Paytm Payments Bank to stop onboarding new customers

01 Feb 2024

Reserve Bank of India (RBI) on Wednesday directed Paytm Payments Bank Ltd (PPBL) to stop onboarding of new customers with immediate effect, for failure to comply with audit rules.

RBI hikes risk margin for consumer lending by banks, NBFCs

16 Nov 2023

Reserve Bank of India (RBI) has raised the risk weights in respect of consumer credit exposure of commercial banks, including personal loans,  by 25 percentage points to 125 per cent

RBI stops Bajaj Finance from digital lending

15 Nov 2023

The Reserve Bank of India (RBI) has directed Bajaj Finance Ltd to stop sanction and disbursal of loans under its two lending products ‘eCOM’ and ‘Insta EMI Card’, with immediate effect.

RBI’s digital currency has 1.5 million users, 300,000 merchants, says governor

10 Sep 2023

Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said the central bank digital currency (CBDC) now has around 1.5 million users and that over 300,000 merchants

Net claims of non-residents on India decline to $367.8 billion in March

10 Jul 2023

India negotiates cross-border digital currency payments

10 Jul 2023

RBI eyes global currency role for rupee

10 Jul 2023

The internationalisation of the rupee is a continuous process involving progressive capital account convertibility, wherein the domestic currency increasingly acquires the character of a de facto freely convertible currency for international financial transactions, says an RBI group

RBI keeps policy repo rate unchanged at 6.50%

06 Apr 2023

While the inflation trajectory for 2023-24 would be shaped by both domestic and global factors RBI expects consumer price inflation to average around 5.2 per cent for 2023-24, considering the emerging trends in production and supply and assuming an annual average crude oil price (Indian basket) of $85 per barrel and a normal monsoon

RBI imposes Rs3cr penalty on Amazon Pay for non-compliance

09 Mar 2023

RBI reviews regulatory framework on recovery of penal charges on loans

08 Feb 2023

RBI hikes policy repo rate by a further 25 basis points to 6.50%

08 Feb 2023

The RBI said the Monetary Policy Committee decided to remain focused on withdrawal of accommodation to ensure that inflation remained within the target going forward, while supporting growth

RBI extends deadline for revised bank locker agreements

30 Jan 2023

Reserve Bank revises rules related to acquisition for banks

30 Jan 2023

Non-resident claims on India increased by $34.3 billion to $389.6 billion in Q2 FY23: RBI

10 Jan 2023

RBI to soon launch digital rupee; issues concept note

11 Oct 2022

Reserve Bank defines CBDC as the legal tender issued by a central bank in a digital form, which is akin to sovereign paper currency, but in a different form, exchangeable at par with the existing currency as a medium of payment, legal tender and a safe store of value

RBI hikes policy repo rate by 50 bps to 5.40%

05 Aug 2022

The latest hike, the third since May this year, after the 40 bps and 50 bps hikes announced in May and June, respectively, may not be the last, according to indications

RBI sets up rupee payment mechanism for global trade

18 Jul 2022

The rupee payment mechanism is intended to promote growth of exports from India and to support the increasing interest of global trading community in the Indian currency, RBI stated

RBI hikes repo rate by 50 bps to 4.90% as inflation starts to bite

08 Jun 2022

RBI said it would remain focused on withdrawal of an accommodative monetary policy to ensure that inflation remains within the target going forward, while supporting growth

Counterfeit Rs500 banknotes swell by over 100% in FY22

30 May 2022

RBI keeps repo rate unchanged, launches SDF to absorb excess liquidity

09 Apr 2022

Simultaneously, RBI announced the activation of the Standing Deposit Facility (SDF), which will help the central bank absorb liquidity (deposits) from commercial banks without giving government securities in return to the banks

RBI issues guidelines for setting up Digital Banking Units

09 Apr 2022

Standing Deposit Facility to absorb banks’ excess liquidity

09 Apr 2022