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RBI launches Sept round of inflation expectations survey of households
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], August 30 (ANI): The Reserve Bank of India (RBI) on Tuesday announced the launch of the September 2022 round of inflation expectations survey of households.
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RBI imposes monetary penalty on Visakhapatnam Co-operative Bank
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], August 29 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 55 lakh on Visakhapatnam Co-operative Bank Ltd for violation of directions related to asset classification.
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Rupee Co-operative Bank will cease to carry on banking business from Sept
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], August 27 (ANI): Pune-based Rupee Co-operative Bank Limited will cease to carry on banking business from September 22, 2022, the Reserve Bank of India (RBI) has said.
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Forex reserves slump by $6.68 billion to hit two year low
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], August 27 (ANI): India's foreign exchange (forex) reserves dipped by $6.687 billion to $564.053 billion for the week ended August 19, the lowest level in more than two years, due to a sharp drop in foreign currency assets as the RBI continues to intervene in the
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Central Board of Directors of RBI meets in Jaipur
Updated : 3 years, 6 months ago IST
Jaipur (Rajasthan) [India], August 26 (ANI): The 597th meeting of the Central Board of Directors of the Reserve Bank of India was held on Friday at its regional office in Jaipur under the chairmanship of Governor Shaktikanta Das.
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Strong economic growth gives RBI more room to hike interest rates: Report
Updated : 3 years, 6 months ago IST
New Delhi [India], August 25 (ANI): Strong growth prospects for the Indian economy will provide the Reserve Bank of India (RBI) with more room for further interest rate hikes, DBS Group Research said in a report on Thursday.
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American Express welcomes RBI move to lift restrictions, says India key st
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 24 (ANI): After the Reserve Bank of India (RBI) lifted curbs on American Express Banking Corp enabling it to onboard new domestic customers, the financial services company on Wednesday said the move of India's central bank is the result of the company's s
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RBI lifts curb on American Express, allows onboarding new customers
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 24 (ANI): Reserve Bank of India (RBI) on Wednesday lifted restrictions on American Express Banking Corp. With the lifting of the ban, American Express will now be able to add new customers in India to its card network.
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RBI bars Kerala-based Thodupuzha Urban Co-operative Bank from accepting de
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 24 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has barred Kerala-based Thodupuzha Urban Co-operative Bank Ltd from offering basic services like granting any loans and advances or making any investment or acceptance of fresh deposits.
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SATYA MicroCapital continues its rapid growth by reaching 10 lakh clients
Updated : 3 years, 7 months ago IST
New Delhi [India], August 23 (ANI/NewsVoir): SATYA MicroCapital, one of India's fastest growing RBI registered NBFC-MFI has crossed the milestone of reaching 10 lakh active clients by offering collateral free micro credit services through cashless transactions to women entrepreneurs nestl
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Tokenisation of debit, credit cards by September; here's what it means for
Updated : 3 years, 7 months ago IST
New Delhi [India], August 23 (ANI): The Reserve Bank of India (RBI) has made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced with unique tokens by September 30 this year. This added layer of security by way of tokenisation
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RBI imposes monetary penalty on Swagatam Marketing
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 22 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty on Swagatam Marketing Private Limited, Kolkata, for non-compliance with NBFC-related norms.
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