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US Fed comments infused "substantial" volatility in global markets: RBI Go
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], September 6 (ANI): The commentary from the US Federal Reserve at the recently-held Jackson Hole conference on the future trajectory of US monetary policy has infused substantial volatility into global financial markets, said the Reserve Bank of India (RBI) Gover
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India's forex reserves drop by $3 billion to $561 billion
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], September 3 (ANI): India's foreign exchange (forex) reserves fell by $3.007 billion to $561.046 billion for the week ended August 26 dragged by a slump in foreign currency assets, the Reserve Bank of India (RBI) data showed.
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RBI launches Sept round of inflation expectations survey of households
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 30 (ANI): The Reserve Bank of India (RBI) on Tuesday announced the launch of the September 2022 round of inflation expectations survey of households.
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RBI imposes monetary penalty on Visakhapatnam Co-operative Bank
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 29 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 55 lakh on Visakhapatnam Co-operative Bank Ltd for violation of directions related to asset classification.
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Rupee Co-operative Bank will cease to carry on banking business from Sept
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 27 (ANI): Pune-based Rupee Co-operative Bank Limited will cease to carry on banking business from September 22, 2022, the Reserve Bank of India (RBI) has said.
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Strong economic growth gives RBI more room to hike interest rates: Report
Updated : 3 years, 10 months ago IST
New Delhi [India], August 25 (ANI): Strong growth prospects for the Indian economy will provide the Reserve Bank of India (RBI) with more room for further interest rate hikes, DBS Group Research said in a report on Thursday.
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American Express welcomes RBI move to lift restrictions, says India key st
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 24 (ANI): After the Reserve Bank of India (RBI) lifted curbs on American Express Banking Corp enabling it to onboard new domestic customers, the financial services company on Wednesday said the move of India's central bank is the result of the company's s
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RBI lifts curb on American Express, allows onboarding new customers
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 24 (ANI): Reserve Bank of India (RBI) on Wednesday lifted restrictions on American Express Banking Corp. With the lifting of the ban, American Express will now be able to add new customers in India to its card network.
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RBI bars Kerala-based Thodupuzha Urban Co-operative Bank from accepting de
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 24 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has barred Kerala-based Thodupuzha Urban Co-operative Bank Ltd from offering basic services like granting any loans and advances or making any investment or acceptance of fresh deposits.
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Tokenisation of debit, credit cards by September; here's what it means for
Updated : 3 years, 10 months ago IST
New Delhi [India], August 23 (ANI): The Reserve Bank of India (RBI) has made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced with unique tokens by September 30 this year. This added layer of security by way of tokenisation
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RBI imposes monetary penalty on Swagatam Marketing
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 22 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty on Swagatam Marketing Private Limited, Kolkata, for non-compliance with NBFC-related norms.
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RBI's digital lending norms to change operating model of NBFCs
Updated : 3 years, 10 months ago IST
New Delhi [India], August 20 (ANI): The digital lending norms announced by the Reserve Bank of India (RBI) on August 10, 2022, aim to usher in orderly growth and financial stability, check malpractices, strengthen transparency, and protect customer interests. They would, however, raise opera
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