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India, Japan renew bilateral swap arrangement
Updated : 4 years, 4 months ago IST
Mumbai (Maharashtra) [India], February 28 (ANI): India and Japan have renewed bilateral swap arrangement under which the two countries can swap their local currencies in exchange for the US Dollar, the Reserve Bank of India (RBI) said on Monday.
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India's Forex reserves rise by USD 2.76 billion to USD 632.95 billion
Updated : 4 years, 4 months ago IST
Mumbai (Maharashtra) [India], February 26 (ANI): India's foreign exchange (forex) reserves rose by USD 2.762 billion to USD 632.952 billion for the week ended February 18, led by a sharp jump in the value of gold reserves, the Reserve Bank of India (RBI) data showed.
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Impact of Russia-Ukraine conflict will be felt across commodities and asse
Updated : 4 years, 4 months ago IST
Mumbai (Maharashtra) [India], February 25 (ANI): The impact of the ongoing Russia-Ukraine conflict will be felt across commodities and asset classes in India, State Bank of India (SBI) said in a research report released on Friday.
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Bombay HC directs RBI to allow petitioner to exchange demonetized notes wo
Updated : 4 years, 4 months ago IST
Mumbai (Maharashtra) [India], February 25 (ANI): The Bombay High Court on Friday directed the Reserve Bank of India (RBI) to allow a petitioner, Kishor Sohoni to exchange Rs 1.6 lakhs worth of demonetised notes.
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RBI cancels Certificate of Registration of PC Financial Services Pvt Ltd
Updated : 4 years, 4 months ago IST
New Delhi [India], February 24 (ANI): Reserve Bank of India on Thursday cancelled the Certificate of Registration of PC Financial Services Pvt Ltd, Delhi for violation of RBI directions on outsourcing and Know Your Customer norms.
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sRide car-pooling app offers services without required approval: RBI
Updated : 4 years, 4 months ago IST
Mumbai (Maharashtra) [India], February 22 (ANI): The Reserve Bank of India (RBI) on Tuesday cautioned the public against sRide car-pooling app saying the tech firm offers semi-closed (non-closed) pre-paid instrument (wallet) services without authorisation from the central bank.
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RBI imposes monetary penalty on Jammu and Kashmir-based cooperative bank
Updated : 4 years, 4 months ago IST
Mumbai (Maharashtra) [India], February 21 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 2 lakh on Baramulla Central Cooperative Bank Limited, Jammu and Kashmir, for violation of regulations related to acceptance of fresh deposits.
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India's Forex reserves decline by $1.76 billion to $630.19 billion
Updated : 4 years, 4 months ago IST
Mumbai (Maharashtra) [India], February 19 (ANI): India's foreign exchange (forex) reserves declined by $1.763 billion to $630.19 billion in the week ended February 11 due to a sharp drop in the value of foreign currency assets, the Reserve Bank of India (RBI) data showed.
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SBI, PHDCCI hold industry outreach programme to help SMEs in Haryana
Updated : 4 years, 4 months ago IST
New Delhi [India], February 18 (ANI): PHD Chamber of Commerce and Industry (PHDCCI) in association with the country's largest lender State Bank of India (SBI) has started an industry outreach programme to help small and micro enterprises (SMEs) affected by COVID-19 pandemic in Haryana.
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Sensex rises 145 points, HDFC, SBI, L&T climb
Updated : 4 years, 4 months ago IST
Mumbai (Maharashtra) [India], February 18 (ANI): The Indian stock markets benchmark Sensex rose 145 points in the afternoon session on Friday led by strong buying support in banking, infra, and FMCG stocks.
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Sensex closes 105 points down in volatile trading; ICICI Bank, SBI dip
Updated : 4 years, 5 months ago IST
Mumbai (Maharashtra) [India], February 17 (ANI): The Indian stock markets benchmark Sensex closed 105 points down in volatile trading on Thursday as investors remained cautious over Russia-Ukraine tensions.
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SBI hikes interest rates on long-term FDs by upto 15 bps
Updated : 4 years, 5 months ago IST
New Delhi [India], February 16 (ANI): The country's largest lender State Bank of India (SBI) has increased interest rates on fixed deposits (FDs) by up to 15 basis points or 0.15 per cent with effect from February 15, 2022.
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