Search For "reserve bank"
Banks should not use public deposits to finance risky projects, says forme
Updated : 4 years ago IST
New Delhi [India], March 10 (ANI): Projects with implementation risks should normally be financed by the capital markets and not by banks using public deposits, N S Vishwanathan, Former Deputy Governor, Reserve Bank of India, said on Thursday.
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RBI says it has not authorised any third party for collecting fees for gri
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], March 9 (ANI): The Reserve Bank of India (RBI) said on Wednesday that it has not authorized any third party for providing support in grievance redressal of the central bank's regulated entities, as claimed in messages being spread through certain sections of the
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RBI launches UPI service for feature phones
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], March 8 (ANI): The Reserve Bank of India (RBI) on Tuesday launched a unified payments interface (UPI) service for feature phones, a move which is expected to give a big boost to digital payment adoption in the country.
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India's forex reserves dip by USD 1.42 billion to USD 631.52 billion
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], March 4 (ANI): India's foreign exchange (forex) reserves declined by USD 1.425 billion to USD 631.527 billion in the week ended February 25 due to a sharp drop in foreign currency assets, the Reserve Bank of India (RBI) data showed on Friday.
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Timing, communication key to effective monetary policy, says Shaktikanta D
Updated : 4 years ago IST
New Delhi [India], March 4 (ANI): Amid growing pressure to increase policy rates to control inflation, the Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday monetary policy is an art of managing expectations and central banks have to make continual efforts to shape and anch
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RBI launches inflation expectation survey of households
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], March 3 (ANI): The Reserve Bank of India (RBI) on Thursday launched a household level survey, which is aimed at capturing subjective assessments on price movements and inflation. The results of the survey provide useful inputs for monetary policy.
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PayU and VTEX join hands to offer merchants multiple local payment methods
Updated : 4 years ago IST
New Delhi [India], March 3 (ANI/PR Newswire): PayU has collaborated with VTEX, one of the largest global digital commerce platforms, to offer multiple payment solutions to VTEX merchants. The unique integration by VTEX to support their merchants in India will provide businesses seamless acce
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RBI cancels licence of Maharashtra-based Sarjeraodada Naik Shirala Sahakar
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], March 2 (ANI): The Reserve Bank of India (RBI) said on Wednesday that it has cancelled the licence of Maharashtra-based Sarjeraodada Naik Shirala Sahakari Bank Limited as it has failed to comply with the regulations and does not have "adequate capital and earnin
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India, Japan renew bilateral swap arrangement
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], February 28 (ANI): India and Japan have renewed bilateral swap arrangement under which the two countries can swap their local currencies in exchange for the US Dollar, the Reserve Bank of India (RBI) said on Monday.
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India's Forex reserves rise by USD 2.76 billion to USD 632.95 billion
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], February 26 (ANI): India's foreign exchange (forex) reserves rose by USD 2.762 billion to USD 632.952 billion for the week ended February 18, led by a sharp jump in the value of gold reserves, the Reserve Bank of India (RBI) data showed.
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Bombay HC directs RBI to allow petitioner to exchange demonetized notes wo
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], February 25 (ANI): The Bombay High Court on Friday directed the Reserve Bank of India (RBI) to allow a petitioner, Kishor Sohoni to exchange Rs 1.6 lakhs worth of demonetised notes.
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RBI cancels Certificate of Registration of PC Financial Services Pvt Ltd
Updated : 4 years ago IST
New Delhi [India], February 24 (ANI): Reserve Bank of India on Thursday cancelled the Certificate of Registration of PC Financial Services Pvt Ltd, Delhi for violation of RBI directions on outsourcing and Know Your Customer norms.
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