Search For "rb"
RBI imposes Rs. 30 mn penalty on IndusInd Bank
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 13 (ANI):The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 30 million on IndusInd Bank for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and contravention of regulatory restrictions per
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OBOPAY Secures a Pre-paid Instrument License from RBI
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 13 (ANI-NewsVoir):OBOPAY, the global mobile payment solutions company, recently announced that the company has secured alicense for Prepaid Payment Instrument (PPI) from the Reserve Bank of India to operate a semi-closed loop wallet in the country.
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OBOPAY gets a pre-paid instrument license from RBI
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 13 (ANI): OBOPAY has secured a license for Prepaid Payment Instrument (PPI) from the Reserve Bank of India to operate a semi-closed loop wallet in the country, the global mobile payments company said.
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Retail inflation in November sees uptick to 4.88 percent
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 12 (ANI): India's retail inflation on Tuesday grew at 4.88 percent in November, citing an increase in foods and oil prices.
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'Farm loan waiver cannot be justified in economic terms'
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 11 (ANI): With farm loan waiver being a populist election promise in the ongoing Gujarat elections, Former Reserve Bank of India (RBI) Governor Y.V. Reddy today said that the practice is the decision of the political dispensation and cannot be justified in economic ter
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Growth rate likely to be 6.5 pct for current fiscal year, says C. Rangaraj
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 11 (ANI): Former RBI Governor C. Rangarajan today said that the economy is coming out of the phase of slow growth and estimated that the GDP growth rate for the current financial year is likely to be 6.5 percent
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India's export of software services rise by 10.3 pct in 2016-17
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 9 (ANI): The Reserve Bank of India (RBI) in its recently released annual survey on "computer software and information technology enabled services (ITES) exports" has said that India' s total export of software services increased by 10.3 percent to USD 97.1 billion.
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Issue price of sovereign gold bonds fixed at Rs. 2,890
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 8 (ANI): The issue price for the next subscription period of the Series III of Sovereign Gold Bonds 2017-18 has been fixed at Rs. 2, 890 per gram with Settlement on December 18, 2017.
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Experts echo RBI sentiments of high risk amid Bitcoin rally
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 7 (ANI): With high demand driving the prices of Bitcoin to record heights worldwide, cryptocurrency experts and the Reserve Bank of India have reiterated concerns involved in the investment in highly volatile market of Bitcoins.
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True Balance launches mobile wallet service; ventures into fintech busines
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 7 (ANI): True Balance, one of the top applications in the lifestyle category on Google Play Store added a mobile wallet feature today, marking its entry into the fintech business in India.
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RBI caps merchant discount rates to boost debit card transactions
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): In a bid to boost transactions using debit cards, and digitisation on the whole, the Reserve Bank of India (RBI) on Wednesday has capped merchant discount rate (MDR) and will create a framework for asset-light acceptance infrastructure.
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Banking system liquidity moving towards neutrality: RBI Dy Gov
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): Reserve Bank of India (RBI) Deputy Governor Viral Acharya on Wednesday highlighted that as far as the present condition is concerned, the banking system liquidity is moving towards neutrality.
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