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RBI cuts repo rate by 25 basis points to 6 percent
Updated : 8 years, 6 months ago IST
New Delhi [India], Aug 2 (ANI): The Reserve Bank of India (RBI) on Wednesday announced a reduction in the reverse repo rate by 25 basis points (bps) under the liquidity adjustment facility (LAF), bringing it down from 6.25 percent to six percent, effective immediately.
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Ministry of Finance promises measures to check 'banking' cyber c
Updated : 8 years, 6 months ago IST
New Delhi [India], August 1 (ANI): Reserve Bank of India (RBI) has issued a Cyber Security Framework in Banks, making it mandatory for banks to put in place a Board-approved cyber-security policy, which covers the risks from cyber threats and the measures to address these risks.
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RBI imposes monetary penalty on Union Bank of India
Updated : 8 years, 6 months ago IST
New Delhi [India], July 31 (ANI): The Reserve Bank of India (RBI) had earlier this week imposed a monetary penalty of Rs. 10 million on Union Bank of India for non-compliance with the directions issued by the apex bank on Know Your Customer (KYC) norms.
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ASSOCHAM urges RBI to slash interest rates due to low inflation
Updated : 8 years, 6 months ago IST
New Delhi [India], July 30 (ANI): Against the backdrop of a decline in factory output, with inflation at a five-year low, the ASSOCHAM on Sunday wrote to the Reserve Bank of India (RBI) Governor Urjit Patel, stressing on the need to cut at least 25 basis points in the policy interest rate, a
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25 bps repo rate cut likely in August 2017 policy review, says ICRA
Updated : 8 years, 6 months ago IST
New Delhi [India], July 25 (ANI): Credit rating agency ICRA has anticipated that the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) would reduce the repo rate by 25 basis points (bps) in the upcoming policy review in August 2017.
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RBI cancels certificate of registration of eight NBFCs
Updated : 8 years, 6 months ago IST
New Delhi [India], July 18 (ANI): The Reserve Bank of India (RBI) on Tuesday cancelled the certificate of registration for the following eight non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
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Govt. seems to be need 'Math Tutor', says Rahul on demonetized c
Updated : 8 years, 6 months ago IST
New Delhi [India], July 13 (ANI): Taking a dig at Prime Minister Narendra Modi after the Reserve Bank of India (RBI) said that it is still counting the demonetized notes deposited in the banks, Congress vice president Rahul Gandhi on Thursday mocked it by saying that the government was on th
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RBI Governor to appear before Parliamentary panel today
Updated : 8 years, 6 months ago IST
New Delhi [India], July 12 (ANI): Reserve Bank of India (RBI) Governor Urjit Patel is slated to appear before the Parliamentary panel on Wednesday in order to provide clarification on an array of queries related to demonetisation.
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RBI to banks: Ensure customer protection during electronic transactions
Updated : 8 years, 6 months ago IST
Mumbai [India], July 6 (ANI): The Reserve Bank of India (RBI) on Thursday issued a circular to banks across the country to ensure protection of their customers from unauthorized and fraudulent electronic banking transactions.
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RBI to soon unveil new Rs. 200 notes
Updated : 8 years, 6 months ago IST
New Delhi [India], July 4 (ANI): The Reserve Bank of India will be coming up with new notes of Rs. 200.
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Centre announces re-issue of stocks through price-based auction
Updated : 8 years, 6 months ago IST
New Delhi [India], July 3 (ANI): The Government of India on Monday announced the re-issue of several categories of its stocks through price-based auction that has to be conducted by the Reserve Bank of India (RBI) on July 7 in Mumbai.
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Finova Capital on-boards banking, finance veterans Rahul Sahney &
Updated : 8 years, 6 months ago IST
New Delhi [India], June 28 (ANI): Rajasthan's fastest growing NBFC licensed by RBI, Finova Capital has announced on-boarding Rahul Sahney and Anurag Agrawal as Chief Operation Officer and head of Credit and Operations at Finova Capital.
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