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RBI orders Bank of Baroda to halt customer onboarding on 'bob World' app
Updated : 2 years, 5 months ago IST
The Reserve Bank of India (RBI) has directed the Bank of Baroda to suspend, with immediate effect, any further onboarding of their customers onto the 'bob World' mobile application.
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RBI increases monetary ceiling of gold loans from Rs 2 lakh-4 lakh for UCB
Updated : 2 years, 5 months ago IST
The move is part of various initiatives taken under the leadership of Prime Minister Narendra Modi and the guidance of the Union Home Minister Amit Shah and Minister of Cooperation to strengthen cooperatives and treat them at par with other forms of economic entities, both as beneficiaries a
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Payment Aggregator Paysharp Private Limited gets ISO 27001 certification
Updated : 2 years, 5 months ago IST
New Delhi [India], October 9: Paysharp is an RBI in-principal approved payment aggregator based out of Chennai. Paysharp is focusing on non-card-based payments like UPI payments.
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RBI Maintains Repo Rate, Ensuring Stable EMIs
Updated : 2 years, 5 months ago IST
New Delhi [India], October 9: As anticipated, Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), announced on Friday that the Monetary Policy Committee (MPC) has unanimously chosen to keep the repo rate steady at 6.50 per cent.
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Deadline to exchange Rs 2000 banknotes over; what are the options left?
Updated : 2 years, 5 months ago IST
What will happen to those individuals whose Rs 2000 banknotes are yet to be exchanged or deposited in the banks?
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Policy rate status quo but inflation outlook clouded by uncertainties
Updated : 2 years, 5 months ago IST
As expected, the monetary policy committee of the Reserve Bank of India (RBI) in its October review meeting decided to keep the policy repo rate unchanged at 6.5 per cent, maintaining status quo for the fourth straight occasion. The repo rate is the rate of interest at which the RBI lends to
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Rs 12,000 cr remain in circulation, RBI says day ahead of Rs 2000 note exc
Updated : 2 years, 5 months ago IST
On May 19, the RBI decided to withdraw the Rs 2000-denomination banknotes from circulation but said it would continue to remain legal tender. However, the RBI had advised banks to stop issuing such banknotes with immediate effect.
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Inflation concerns serious, masks true hardships of people: Jairam Ramesh
Updated : 2 years, 5 months ago IST
Soon after the Reserve Bank of India (RBI) in its latest monetary policy review meeting flagged concerns about high inflation as the headline inflation numbers are above the central bank's upper tolerance limit of 6 per cent, Congress has said it "masks the true hardships" faced by people, p
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RBI keeps overall 2023-24 growth and inflation forecast unchanged
Updated : 2 years, 5 months ago IST
The monetary policy committee of the Reserve Bank of India (RBI) in its October review meeting kept overall 2023-24 growth and inflation unchanged from their earlier estimates, even as the central bank flagged concerns about high inflation.
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RBI maintains status quo in policy rate, flags inflation concern
Updated : 2 years, 5 months ago IST
The monetary policy committee of the Reserve Bank of India (RBI) in its October review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fourth straight occasions.
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RBI onboards more banks on UDGAM portal, public can search unclaimed depos
Updated : 2 years, 5 months ago IST
The Reserve Bank of India has by far onboarded 30 banks on its UDGAM platform, a portal that enables the public to search for unclaimed deposits.
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Indian stocks in green ahead of RBI monetary policy outcome
Updated : 2 years, 5 months ago IST
Indian stock indices extended gains from the previous session, with financial market participants closely monitoring the outcome and the policy stance of the central bank RBI to be announced at 10 am today, for fresh cues.
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