Search For "reserve bank"
RBI, Financial Services Agency of Japan exchange letters of cooperation
Updated : 3 years, 3 months ago IST
The letters confirm the interest of both jurisdictions in enhancing cooperation in line with their respective laws and regulations.
Read More
Biocon subsidiary completes acquisition of Viatris for USD 3 billion
Updated : 3 years, 3 months ago IST
According to a statement by the pharma company, Biocon Biologics and Viatris have obtained all applicable approvals from key global regulators including the US Federal Trade Commission, the Competition Commission of India and the Reserve Bank of India, and its investors, respectively.
Read More
RBI imposes Rs 50-lakh fine on Bharat Co-operative Bank
Updated : 3 years, 3 months ago IST
The central bank said this penalty had been imposed in exercise of powers vested in RBI conferred under Banking Regulation Act, 1949, according to a statement of the central bank released on Monday.
Read More
RBI to launch retail digital rupee on Thursday on pilot basis
Updated : 3 years, 3 months ago IST
According to a statement from RBI, the pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants. The eRs-R would be in the form of a digital token that represents legal tender.
Read More
RBI Chief Secretary Arun Mehta inaugurates diamond jubilee function of RBI
Updated : 3 years, 3 months ago IST
The important milestones and achievements of RBI, Jammu was highlighted in the video. A memoir of RBI Jammu's journey during these 60 years was also unveiled by the chief secretary.
Read More
RBI is the protector of Indian economy: CM Bommai
Updated : 3 years, 3 months ago IST
Speaking after inaugurating the Constitution Day, organised by RBI SC/ST Employees Association here on Monday, he said RBI has a rich history and it has been controlling the country's banking system from the pre-Independence period, as well as the nation's economy.
Read More
RBI asking subsidiary to resubmit payment aggregator license won't affect
Updated : 3 years, 3 months ago IST
As the Reserve Bank of India (RBI) directed Paytm Payment Services Limited, a subsidiary of Paytm, to reapply for a payment aggregator license in 120 days, analysts have said that the move will not have any impact on Paytm and they believe the company will deliver robust growth.
Read More
Paytm Payments Services to resubmit application for authorization to provi
Updated : 3 years, 3 months ago IST
The fintech company said that it has received a letter from the Reserve Bank of India in response to an application from its subsidiary for the authorization to provide payment aggregator services for online merchants.
Read More
India's forex reserves rise by USD 2.54 billion to USD 547.25 billion
Updated : 3 years, 3 months ago IST
According to RBI's latest data, India's foreign currency assets, which are the biggest component of the forex reserves, rose by USD 1.76 billion to USD 484.28 billion.
Read More
RBI Deputy Governor says monetary policy has to be forward-looking because
Updated : 3 years, 3 months ago IST
Reserve Bank of India's Deputy Governor also said that next week, deliberations would be starting for the next policy review to be announced in the first week of December and will have to depend on inflation data for October and growth data for July-September coming out on November 30.
Read More
Demonetisation affected everyone, Chidambaram tells SC
Updated : 3 years, 3 months ago IST
He also pointed out that at the time of demonetisation the currency in circulation was Rs 17.9 lakh crore and today, according to RBI, it is 32.18 lakh crore and actually the currency in circulation has increased.
Read More
Interest subvention on Kisan Credit Card loans for 2022-23, 2023-24 approv
Updated : 3 years, 3 months ago IST
The interest rate for short-term loans up to Rs 300,000 through Kisan Credit cards (KCC) for farmers will be seven per cent and interest subvention will be 1.5 per cent for the current financial year 2022-23 and the next 2023-24, RBI said in a statement on Wednesday.
Read More