Search For "the reserve bank of india"
RBI bars Kerala-based Thodupuzha Urban Co-operative Bank from accepting de
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 24 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has barred Kerala-based Thodupuzha Urban Co-operative Bank Ltd from offering basic services like granting any loans and advances or making any investment or acceptance of fresh deposits.
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Tokenisation of debit, credit cards by September; here's what it means for
Updated : 3 years, 10 months ago IST
New Delhi [India], August 23 (ANI): The Reserve Bank of India (RBI) has made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced with unique tokens by September 30 this year. This added layer of security by way of tokenisation
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RBI imposes monetary penalty on Swagatam Marketing
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 22 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty on Swagatam Marketing Private Limited, Kolkata, for non-compliance with NBFC-related norms.
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LIC Housing Finance hikes lending rates by 50 basis points
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 22 (ANI): LIC Housing Finance Ltd, a leading housing finance company in India, on Monday announced 50 basis points increase in lending rates following the Reserve Bank of India's recent decision to hike policy repo rate.
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RBI's digital lending norms to change operating model of NBFCs
Updated : 3 years, 10 months ago IST
New Delhi [India], August 20 (ANI): The digital lending norms announced by the Reserve Bank of India (RBI) on August 10, 2022, aim to usher in orderly growth and financial stability, check malpractices, strengthen transparency, and protect customer interests. They would, however, raise opera
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India's forex reserves dip by $2.23 billion to $570.74 bn
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 20 (ANI): India's foreign exchange (forex) reserves fell by $2.238 billion to $570.74 billion for the week ended August 12, the Reserve Bank of India (RBI) data showed.
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Gradual approach to bank privatisation would result in better outcomes: RB
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 19 (ANI): The Reserve Bank of India (RBI) on Friday issued a clarification on a report related to privatisation of public sector banks, as published in August 2022 issue of the RBI Bulletin, saying it does not represent the central bank's views.
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RBI seeks public feedback on changes in payment systems
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 18 (ANI): The Reserve Bank of India (RBI) has invited feedback from the public on the various changes proposed in the payments system, including the possibility of imposing tiered charges on transactions done through the Unified Payments Interface (UPI).
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Centre re-nominates 4 independent directors on central board of RBI
Updated : 3 years, 11 months ago IST
New Delhi [India], August 12 (ANI): The central government has re-nominated Satish Kashinath Marathe, Swaminathan Gurumurthy, Revathy Iyer, and Sachin Chaturvedi as part-time, non-official directors on the central board of the Reserve Bank of India.
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Bank credit grows 14.5 per cent as on July 29, shows RBI data
Updated : 3 years, 11 months ago IST
New Delhi [India], August 11 (ANI): Bank credit grew 14.5 per cent year-on-year as on July 29, data released by the Reserve Bank of India on Wednesday showed.
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RBI releases first set of norms for digital lending
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 10 (ANI): The Reserve Bank of India (RBI) on Wednesday released the first set of norms to regulate digital lending to crack down on the growing number of online frauds and unlawful activities.
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Gold -- a source of return on investments amid monetary policy tightening:
Updated : 3 years, 11 months ago IST
New Delhi [India], August 10 (ANI): Against the backdrop of monetary policy tightening by several central banks including the Reserve Bank of India, gold as an asset may offer investors a source of return on their investments and effective diversification of the portfolio, said World Gold Co
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