Search For "reserve bank"
RBI fails to meet inflation mandate; Sept CPI surges to 7.41 per cent
Updated : 3 years, 5 months ago IST
New Delhi [India], October 12 (ANI): India's retail inflation surged to 7.41 per cent in September, remaining above the Reserve Bank of India's mandated range of 2-6 per cent for the third straight quarter that would force the central bank to explain to the government the reasons for not bei
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RBI cancels 'certificate of registration' of four NBFCs
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 12 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has cancelled the 'certificate of registration' of four non-banking financial companies (NBFCs).
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Supreme Court's Constitution Bench seeks Centre, RBI response on demonetis
Updated : 3 years, 5 months ago IST
New Delhi [India], October 12 (ANI): The Supreme Court's Constitution Bench on Wednesday asked the Centre and Reserve Bank of India (RBI) to file a comprehensive affidavit on the decision to demonetize currency notes of Rs 500 and 1,000 in 2016.
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RBI cancels licence of Pune-based Seva Vikas Cooperative Bank
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 10 (ANI): The Reserve Bank of India on Monday said it has cancelled the licence of Pune-based The Seva Vikas Co-operative Bank Ltd because of the company's earnings prospects and lack of capital.
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RBI imposes monetary penalty on Kerala State Cooperative Bank
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 10 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty on Thiruvananthapuram-based The Kerala State Co-operative Bank Ltd for non-compliance with the provisions of the banking regulations.
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India's forex reserves dip by $4.85 bn; hit lowest level since July 2020
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 8 (ANI): India's foreign exchange (forex) reserves slumped by $4.854 billion to $532.664 billion for the week ended September 30, the lowest level since July 2020, as the Reserve Bank of India (RBI) used its kitty to defend the rupee, which has hit recor
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RBI releases 'concept note' on Central Bank Digital Currency
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 7 (ANI): The Reserve Bank of India (RBI) on Friday released a so-called 'concept note' on Central Bank Digital Currency (CBDC) with an objective to create awareness about the planned features of the digital rupee.
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Microfinance Industry's Code of Conduct, 4th Edition released by SIDBI CMD
Updated : 3 years, 5 months ago IST
New Delhi [India], October 7 (ANI/PNN): Microfinance Institutions Network (MFIN), industry association for Microfinance and an RBI-recognized self-regulatory organization today announced the release of the fourth edition of the Industry Code of Conduct, jointly with Small Industries Developm
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RBI governor launches advanced supervisory monitory system - Daksh
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) (India), October 7 (ANI): The governor of the Reserve Bank of India (RBI), Shaktikanta Das, launched a new 'SupTech' initiative Daksh - the central bank's advanced monitoring system - which is expected to make the supervisory processes more robust.
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RBI seeks EoIs from consultants in AI, ML for supervisory inputs
Updated : 3 years, 5 months ago IST
Mumbai [India], October 5 (ANI): The Reserve Bank of India has sought expressions of interest from consultants in the fields of advanced analytics, artificial intelligence and machine learning for supervisory inputs.
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New rules for debit, credit cards begin with tokenisation today, All you n
Updated : 3 years, 5 months ago IST
New Delhi [India], October 1 (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 tokenisat
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Experts fear rate hike may dampen consumption, express optimism over resil
Updated : 3 years, 5 months ago IST
New Delhi [India], September 30 (ANI): After the Reserve Bank of India (RBI) hiked repo rate on Friday, it brings into focus how the hike was in line with the tightening policies across the economies as expected by experts.
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