Search For "reserve bank"
RBI asks card network to restrain unauthorised commercial payment system
Updated : 2 years, 1 month ago IST
The Reserve Bank of India on Thursday restrained a card network, that had an arrangement to enable businesses to make card payments through certain intermediaries, to entities that do not accept card payments.
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RBI, Nepal's Central Bank sign terms for UPI-NPI integration
Updated : 2 years, 1 month ago IST
The integration is aimed at facilitating cross-border remittances between India and Nepal by enabling users of the two systems to make instant, low-cost fund transfers, the RBI said in a press release.
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Reserve Bank of India penalizes Pusad Urban Co-operative Bank Ltd. for non
Updated : 2 years, 1 month ago IST
According to a press release, the penalty was levied due to the bank's failure to comply with RBI directives concerning 'Income Recognition, Asset Classification, Provisioning, and Other Related Matters.'
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Sitharaman addresses RBI directors, discusses thrust areas of Union Budget
Updated : 2 years, 1 month ago IST
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman addressed a meeting of the Central Board of Directors of the Reserve Bank of India (RBI) on Monday and discussed the thrust areas of the Union Budget.
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India's forex reserves at 1-month high of USD 622.47 billion
Updated : 2 years, 1 month ago IST
India's foreign exchange reserves rose by USD 5.736 billion to USD 622.469 billion in the week that ended on February 2, 2024, the latest data released by the Reserve Bank of India showed.
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RBI imposes Rs 43.30 lakh penalty on Zoroastrian Co-operative Bank
Updated : 2 years, 1 month ago IST
The Reserve Bank of India (RBI) said on Thursday that it has imposed a monetary penalty of Rs 43.30 lakh on Zoroastrian Co-operative Bank Ltd for violating the rules.
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RBI imposes monetary penalty of over Rs 63 lakh on Bombay Mercantile Co-op
Updated : 2 years, 1 month ago IST
The RBI, in an official statement, said that this action is based on a deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
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RBI imposes monetary penalty on Nakodar Hindu Urban Cooperative Bank for v
Updated : 2 years, 1 month ago IST
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the RBI said.
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Action against Paytm bank was in customers' interest: RBI
Updated : 2 years, 1 month ago IST
Reserve Bank of India Governor Shaktikanta Das said on Thursday that all its actions, including certain restrictions it imposed on Paytm's associate bank, are in the best interest of the public.
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RBI now mandates Key Fact Statement for all retail, MSME loans
Updated : 2 years, 1 month ago IST
The Reserve Bank of India (RBI) has extended the requirement of a key fact statement to all retail and MSME loans in a bid to enhance transparency.
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RBI pegs India's 2024-25 real GDP growth at 7%
Updated : 2 years, 1 month ago IST
The Reserve Bank of India (RBI), while maintaining the status quo in the repo rate, pegged India's GDP growth for the next financial year 2024-25 (April-March) at 7 per cent.
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RBI leaves repo rate unchanged for sixth straight occassion
Updated : 2 years, 1 month ago IST
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the sixth straight time.
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