Search For "reserve bank"
PCA framework not intended to constrain normal banking operations, says RB
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 22 (ANI): The Reserve Bank of India (RBI) on Friday clarified that the Prompt Corrective Action (PCA) framework is not intended to constrain normal operations of the banks for the general public.
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SBI report suggests, RBI may be holding back Rs2,000 notes
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 21 (ANI): A recent State Bank of India (SBI) report indicated that the Reserve Bank of India (RBI) may either be holding back Rs2,000 notes or could have stopped its printing of the high-value note.
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RBI imposes Rs. 30 mn penalty on IndusInd Bank
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 13 (ANI):The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 30 million on IndusInd Bank for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and contravention of regulatory restrictions per
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OBOPAY Secures a Pre-paid Instrument License from RBI
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 13 (ANI-NewsVoir):OBOPAY, the global mobile payment solutions company, recently announced that the company has secured alicense for Prepaid Payment Instrument (PPI) from the Reserve Bank of India to operate a semi-closed loop wallet in the country.
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OBOPAY gets a pre-paid instrument license from RBI
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 13 (ANI): OBOPAY has secured a license for Prepaid Payment Instrument (PPI) from the Reserve Bank of India to operate a semi-closed loop wallet in the country, the global mobile payments company said.
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'Farm loan waiver cannot be justified in economic terms'
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 11 (ANI): With farm loan waiver being a populist election promise in the ongoing Gujarat elections, Former Reserve Bank of India (RBI) Governor Y.V. Reddy today said that the practice is the decision of the political dispensation and cannot be justified in economic ter
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India's export of software services rise by 10.3 pct in 2016-17
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 9 (ANI): The Reserve Bank of India (RBI) in its recently released annual survey on "computer software and information technology enabled services (ITES) exports" has said that India' s total export of software services increased by 10.3 percent to USD 97.1 billion.
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Experts echo RBI sentiments of high risk amid Bitcoin rally
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 7 (ANI): With high demand driving the prices of Bitcoin to record heights worldwide, cryptocurrency experts and the Reserve Bank of India have reiterated concerns involved in the investment in highly volatile market of Bitcoins.
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RBI caps merchant discount rates to boost debit card transactions
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): In a bid to boost transactions using debit cards, and digitisation on the whole, the Reserve Bank of India (RBI) on Wednesday has capped merchant discount rate (MDR) and will create a framework for asset-light acceptance infrastructure.
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Banking system liquidity moving towards neutrality: RBI Dy Gov
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): Reserve Bank of India (RBI) Deputy Governor Viral Acharya on Wednesday highlighted that as far as the present condition is concerned, the banking system liquidity is moving towards neutrality.
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Bank recapitalisation plan a reform and recap package: RBI Guv
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): The Reserve Bank of India (RBI) Governor Dr Urjit Patel hailed the recently-announced bank recapitalisation plan as a "reform and recap package", adding that the move will give a much-needed impetus to credit growth in the economy.
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RBI holds rates after hinting possibility of fiscal slippages
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): Reserve Bank of India (RBI) Governor Dr Urjit Patel on Wednesday hinted at the possibility of fiscal slippage due to farm loan waiver, partial roll back of duty on fuel and reduction in the Goods and Services Tax (GST) rates on a number of commoditi
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