Search For "rbi"
Monetary Policy Committee's meeting rescheduled to Feb 8-10
Updated : 4 years, 1 month ago IST
New Delhi [India], February 6 (ANI): The Reserve Bank of India's Monetary Policy Committee will meet on February 8-10 instead of February 7-9, the central bank said on Sunday.
Read More
India's Forex reserves dip by $4.53 billion to $629.75 billion
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 5 (ANI): India's foreign exchange (forex) reserves declined by $4.531 billion to $629.755 billion in the week ended January 28 due to a sharp drop in foreign currency assets and fall in the value of gold reserves, the Reserve Bank of India (RBI) data sh
Read More
RBI's Digital Rupee will help curb black money menace
Updated : 4 years, 1 month ago IST
New Delhi [India], February 4 (ANI): The proposed digital rupee to be issued by the Reserve Bank of India (RBI) starting from the next financial year will not only give a boost to the digital economy but also help curb the menace of black money, a senior finance ministry official said.
Read More
SATYA MicroCapital ropes in international footballer Sangeeta Soren as its
Updated : 4 years, 1 month ago IST
New Delhi [India], February 3 (ANI/NewsVoir): SATYA MicroCapital Ltd.; one of the most prominent RBI registered NBFC-MFIs in the country announced International Football player, Sangeeta Soren as the company's brand ambassador. This announcement comes at the time when the MFI has completed t
Read More
RBI cancels licence of Independence Co-operative Bank Limited
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 3 (ANI): The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of Nashik-based cooperative lender Independence Co-operative Bank Limited and requested Commissioner for Cooperation and Registrar of Cooperative Societies, Maharasht
Read More
Forex transaction on unauthorised ETPs will lead to penal action, says RBI
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 3 (ANI): The Reserve Bank of India (RBI) on Thursday cautioned the people not to undertake forex transactions on unauthorised Electronic Trading Platforms (ETPs) saying it may lead to penal action and loss of money.
Read More
Crypto's like Bitcoin and Ethereum will never become a legal tender: Finan
Updated : 4 years, 1 month ago IST
New Delhi [India], February 2 (ANI): Cryptocurrencies like Bitcoin or Ethereum will never become a legal tender, Finance Secretary TV Somanathan told ANI adding only the digital rupee issued by the Reserve Bank of India (RBI) would be the legal tender.
Read More
Government does not recognize private cryptocurrency as legal tender, dig
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): Noting that digital currency to be issued by the Reserve Bank of India (RBI) will be official and legal tender, Union Commerce and Industry Minister Piyush Goyal on Tuesday said the government does not recognize private cryptocurrencies as legal tender
Read More
75 Digital Banking units to be setup in 75 districts by scheduled commerci
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): Union Finance Minister Nirmala Sitharaman on Tuesday announced the introduction of Digital Rupee which will be issued by the Reserve Bank of India starting 2022-23, along with the setting up of 75 digital banking units in 75 districts by scheduled commerc
Read More
RBI to issue digital rupee using blockchain in FY 22-23: Sitharaman
Updated : 4 years ago IST
New Delhi [India], February 1 (ANI): To boost the Indian economy, the Reserved Bank of India (RBI) will be issuing a digital rupee using blockchain and other technologies in the Financial Year 2022-23, Finance Minister Nirmala Sitharaman told the Parliament on Tuesday.
Read More
63 per cent manufacturers report higher production in third quarter of FY
Updated : 4 years, 1 month ago IST
New Delhi [India], January 30 (ANI): Just days ahead of Union Budget, the Federation of Indian Chambers of Commerce & Industry's (FICCI) latest quarterly survey on manufacturing has revealed that 63 per cent of respondents reported higher production in the third quarter of 2021-22 (Octob
Read More
India's Forex reserves decline by $678 million to $634.28 billion
Updated : 4 years, 2 months ago IST
Mumbai (Maharashtra) [India], January 29 (ANI): India's foreign exchange (forex) reserves fell by $678 million to $634.28 billion in the week ended January 21 due to a sharp decline in foreign currency assets, the Reserve Bank of India (RBI) data showed.
Read More