Search For "reserve bank"
sRide car-pooling app offers services without required approval: RBI
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], February 22 (ANI): The Reserve Bank of India (RBI) on Tuesday cautioned the public against sRide car-pooling app saying the tech firm offers semi-closed (non-closed) pre-paid instrument (wallet) services without authorisation from the central bank.
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RBI imposes monetary penalty on Jammu and Kashmir-based cooperative bank
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 21 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 2 lakh on Baramulla Central Cooperative Bank Limited, Jammu and Kashmir, for violation of regulations related to acceptance of fresh deposits.
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India's Forex reserves decline by $1.76 billion to $630.19 billion
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 19 (ANI): India's foreign exchange (forex) reserves declined by $1.763 billion to $630.19 billion in the week ended February 11 due to a sharp drop in the value of foreign currency assets, the Reserve Bank of India (RBI) data showed.
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Government, RBI working with complete harmony in the interest of the Natio
Updated : 4 years, 1 month ago IST
New Delhi [India], February 14 (ANI): Finance Ministry and Reserve Bank of India (RBI) are partners, not just on crypto but also on every other thing as well, I think there's complete harmony with which we're working, respecting each other's domain also knowing what we've to do with each
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Cryptocurrencies are worse than Ponzi schemes, says RBI Deputy Governor
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 14 (ANI): Cryptocurrencies have specifically been developed to bypass the regulated financial system and it is akin to or even worse than Ponzi schemes, Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar said on Monday.
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Retail inflation crosses RBI's tolerance limit, hits 6.01 per cent in Janu
Updated : 4 years, 1 month ago IST
New Delhi [India], February 14 (ANI): India's retail inflation rose to 6.01 per cent in January, crossing the upper limit of the Reserve Bank of India (RBI) tolerance band for the first time in seven months, the government data showed on Monday.
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India's retail inflation likely rose to 6 per cent in January, says RBI Go
Updated : 4 years, 1 month ago IST
New Delhi [India], February 14 (ANI): India's retail inflation for January, which is scheduled to be announced later in the day, might have accelerated to 6 per cent, the upper tolerance limit of the central bank, the Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday. Read More
RBI to observe financial literacy week during Feb 14-18
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 12 (ANI): The Reserve Bank of India (RBI) will observe 'financial literacy week' during February 14-18, in order to propagate financial education messages among the public across the country.
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India's forex reserves rise by $2.19 billion to $631.95 billion
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 12 (ANI): India's foreign exchange (forex) reserves increased by $2.198 billion to $631.953 billion for the week ended February 4 led by a sharp increase in foreign currency assets, the Reserve Bank of India (RBI) data showed.
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Real estate sector welcomes RBI's status quo on policy rates
Updated : 4 years, 1 month ago IST
New Delhi [India], February 11 (ANI): Real estate sector has welcomed the Reserve Bank of India (RBI) decision to maintain the status quo on key policy rates saying the low-interest rate regime would boost the growth of the housing sector.
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RBI stance on rates to support export growth as early Feb trend shows 28.5
Updated : 4 years, 1 month ago IST
New Delhi [India], February 10 (ANI): Reserve Bank of India Governor Shaktikanta Das' Monetary Policy Statement on maintaining the status quo in key rates to support exports and manufacturing comes opportunely as early trends of the country's exports in February indicate shipments grew by 28
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Stock markets cheer RBI monetary policy; Sensex soars 460 points
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 10 (ANI): The Indian equities markets benchmark Sensex closed 460 points higher on Thursday after the Reserve Bank of India (RBI) decided to keep repo and reverse repo rates unchanged in the first monetary policy for the 2022 calendar year in order to s
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