In May this year, the Indian Banks Association had said that Russia is investing the surplus it earns out of oil sales to India in G-secs, but the market's estimates on the quantum vary from USD 10-22 billion
"For this to materialise, central banks can incorporate climate-related risks into their supervisory frameworks and can contribute to the development of frameworks and standards for green finance. These frameworks can help...
The reserves have been declining as RBI deploys the kitty to defend the rupee amid pressures caused majorly by global developments. Of the total, the major component of foreign currency assets increased by USD 989 million to...
On the macro front, market participants will be closely observing key events like industrial production and manufacturing production data, which will be released on August 11, Gour said
"As per the data submitted by the bank, 99.98 per cent of the depositors are entitled to receive full amount of their deposits from DICGC," RBI said
As part of the ‘Frictionless Credit’, an experience centre has been set up to give a real-life feel of the transformational Digital Kisan Credit Card (KCC) and Digital Dairy journey, RBI said in a statement
In value terms, Rs 2,000 notes in circulation has come down to Rs 42,000 crore as on July from Rs 3.56 lakh crore on the day of announcement of withdrawal on May 19
The licenses of Malkapur Urban Co-operative Bank Ltd, Buldhana and Shushruti Souharda Sahakara Bank Niyamita, Bengaluru have been cancelled
RBI had received about a dozen applications to set up banks under the guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks (SFBs)
Sebi has been saying it would come out with regulations to tame the so-called financial influencer
RBI is expected to continue with the pause policy
RBI monetary policy committee member Jayanth R Varma said, "India's economic growth appears to be 'very fragile' and it may fall short of what the country...
The Reserve Bank of India has made it mandatory that a number of basic banking services should be made available to you at home if you are older than 70 years...
RBI increases the cash reserve ratio (CRR) during periods of high inflation to restrict banks' money for loans. It helps remove excess cash from the economy...
RBI initiated the Central Payments Fraud Information Registry (CPFIR) in March 2020 to report payment frauds of scheduled commercial banks and non-bank Prepaid...
As the Reserve Bank of India (RBI) hikes the repo rate by 50 basis points on Friday, home, personal, and car loans are set to get costlier. Here're a few...
The RBI has notified all category-I authorised dealer banks to implement the process for enabling Bharat Bill Payment System to process cross-border...
Indian fintech startup suspends card services after RBI guidelines on digital lending
With the latest hike, the repo rate or the short term lending rate at which banks borrow has crossed the pre-pandemic level of 5.15 per cent
A user was facing difficulty in tracking and claiming back funds from his deceased grandfather’s banking and investment accounts. Some of these accounts were...
Before putting in place this mechanism, banks will require prior approval from the Foreign Exchange Department of the Reserve Bank of India (RBI), the central...
Unveiling measures soon after the close of financial markets on Wednesday, the central bank said that all capital flows barring portfolio investments remain...
Following demonetisation in November 2016, the Reserve Bank issued new notes of Rs 200, Rs 500, and Rs 2000, besides releasing new series for other...
Das mentioned that lockdowns in various countries, including India, posed severe challenges to the compilation and availability of data relating to the spread...
Earlier this week, the RBI directed the non-bank prepaid payment instrument (PPI) issuers to stop providing credit lines on such PPI cards and asked them to...
