Search For "reserve bank"
India's economic prospects challenged by Russia-Ukraine war, says RBI Depu
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): The ongoing geopolitical developments in Ukraine have challenged India's economic prospects, thereby darkening the country's outlook and making it highly uncertain, said the Reserve Bank of India's Deputy Governor Michael Patra.
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RBI drafts plan on outsourcing of IT services by banks, NBFCs
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): In order to ensure effective management of risks in outsourcing of IT activities by banks, non-banking financial companies, and other regulated entities, the Reserve Bank of India issued a draft 'Master Direction on Outsourcing of IT Services'.
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RBI appoints former SBI official Chalasani in advisory committee of Srei G
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 23 (ANI): The Reserve Bank of India (RBI) on Thursday appointed former State Bank of India official Venkat Nageswar Chalasani as a member in the advisory committee of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL).
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RBI hiked rates to prevent inflation from corroding economic recovery, MPC
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 22 (ANI): The Reserve Bank of India (RBI) Monetary Policy Committee decided to hike the policy repo rate by 50 basis points earlier this month in order to prevent inflation from corroding economic recovery, as per the minutes of the MPC meeting released on
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India's current account deficit falls to $13.4 billion in Q4 of 2021-22
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 22 (ANI): India's current account deficit (CAD) declined to $13.4 billion in January-March 2022 from $22.2 billion recorded in the previous quarter, according to data released by the Reserve Bank of India (RBI) on Wednesday.
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RBI gives 3 more months to banks, NBFCs to comply with certain rules of ca
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 21 (ANI): The Reserve Bank of India (RBI) on Tuesday granted three months extension to banks and non-banking financial companies (NBFCs) to comply with certain provisions related to issuing credit and debit cards, including activation of cards without custo
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DCW request RBI to intervene in Indian Bank's 'anti-women' hiring guidelin
Updated : 3 years, 9 months ago IST
New Delhi [India], June 20 (ANI): Delhi Commission for Women (DCW) Chairperson Swati Maliwal on Monday issued notice to Indian Bank for alleged 'anti-women' guidelines that prevent pregnant women from joining service declaring them medically 'temporarily unfit' and requested the intervention
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Bearishness in equity far from over, likely to continue next week
Updated : 3 years, 9 months ago IST
New Delhi [India], June 18 (ANI): After having closed this week on a negative note, Indian domestic equity benchmark indices are likely to trade with a downside bias next week as the aggressive monetary policy stance by the US Fed potentially triggered the fear of a recession.
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RBI releases blueprint for regulation of payments system
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 17 (ANI): The Reserve Bank of India (RBI) on Friday released 'Payments Vision 2025', a blueprint for regulation of payment systems in the country.
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Risks to FinTech pose challenge to financial stability: RBI Governor
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 17 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said the need to regulate the financial technology (FinTech) firms emanates from the challenges they pose to the financial system and the new risks they carry.
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Calling by loan recovery agents at odd hours unacceptable: RBI Governor
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 17 (ANI): Calling at odd hours and use of foul language by loan recovery agents is unacceptable, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday.
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India's foreign exchange reserves fall by $4.6 billion
Updated : 3 years, 9 months ago IST
New Delhi [India], June 17 (ANI): India's foreign exchange reserves for the week that ended on June 10, 2022, declined by $4.59 billion dollar to $596.46 billion dollar, Reserve Bank of India (RBI) data showed on Friday.
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