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RBI working on phased implementation of digital currency
Updated : 3 years, 8 months ago IST
New Delhi [India], July 20 (ANI): The Reserve Bank of India (RBI) is working on a phased implementation of the Central Bank Digital Currency (CBDC) in both wholesale and retail segments, Ajay Kumar Choudhary, Executive Director, RBI, said on Wednesday.
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RBI imposes restrictions on Mumbai-based Raigad Sahakari Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 19 (ANI): The Reserve Bank of India has issued several directions to Raigad Sahakari Bank, Mumbai, including an upper limit on withdrawal by depositors.
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India's remittances from Gulf region declined in FY21: RBI
Updated : 3 years, 8 months ago IST
New Delhi [India], July 18 (ANI): The share of remittances from the Gulf Cooperation Council (GCC) region to India has declined in 2021, the Reserve Bank of India said, reflecting a slower pace of migration and the presence of the Indian diaspora in informal sectors that were hit the most du
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Indian economy remains resilient despite global headwinds: RBI
Updated : 3 years, 8 months ago IST
New Delhi [India], July 18 (ANI): The Indian economy remains resilient despite formidable global headwinds and amidst fears of a recession, the Reserve Bank of India said in its latest monthly bulletin.
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No excessive money supply in the system that could stoke runaway inflation
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 16 (ANI): The Reserve Bank of India's monetary policy has been "very adroitly balanced" and it ensured that there is no excessive money supply in the system that could stoke runaway inflation, HDFC Bank Chairman Atanu Chakraborty said on Saturday.
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India's forex reserves dip by $8.06 billion to $580.25 billion
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 15 (ANI): India's foreign exchange (forex) reserves slumps by $8.062 billion to $580.252 billion for the week ended July 8, as per the data released by the Reserve Bank of India (RBI) on Friday.
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India's inflation above tolerance for 6th consecutive month; here's what a
Updated : 3 years, 8 months ago IST
New Delhi [India], July 13 (ANI): India's retail inflation eased marginally to 7.01 per cent in June from 7.04 per cent in the previous month helped by softening crude and edible oil prices, while staying above the central Reserve Bank of India's (RBI) tolerance limit for the sixth consecuti
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RBI cancels Certificate of Registration of four NBFCs
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 12 (ANI): The Reserve Bank of India (RBI) said on Tuesday it has cancelled the Certificate of Registration of four non-banking financial companies (NBFCs).
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RBI imposes monetary penalty on Ola Financial Services
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 12 (ANI): The Reserve Bank of India (RBI) on Tuesday said it has imposed a monetary penalty of Rs 1.68 crore on Ola Financial Services Private Limited for non-compliance with certain provisions of payment instruments and know your customers (KYC).
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India's retail inflation eases marginally to 7.01 per cent in June
Updated : 3 years, 8 months ago IST
New Delhi [India], July 12 (ANI): India's retail inflation eased marginally to 7.01 per cent in June from 7.04 per cent in the previous month helped by softening crude and edible oil prices, according to government data released on Tuesday.
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RBI imposes monetary penalty on Bettiah-based Cooperative Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 11 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed Rs 2 lakh monetary penalty on Bettiah (Bihar)-based National Central Cooperative Bank Limited for non-compliance with directions related to KYC and depositor education and awareness fun
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RBI imposes monetary penalty on Maharashtra State Co-operative Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 11 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed Rs 37.5 lakh monetary penalty on Maharashtra State Co-operative Bank Ltd for non-compliance with directions related to reporting and monitoring of frauds.
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