RBI extends deadline for periodic KYC update till March 31

Mumbai: The Reserve Bank of India (RBI) has extended the last date for periodic KYC ..

Banks need to bolster capital, strengthen corporate governance: RBI
Kerala govt to take legal aid as RBI disallows referring Co-op societies as 'banks'
RBI's restriction on receiving investment likely to affect cooperative sector in Kerala

RBI increases IMPS transaction limit to Rs 5 lakh per transaction

Mumbai: The Reserve Bank of India (RBI) on Friday announced a revision in the transaction limit for the Immediate Payment Service (IMPS) ..


RBI enhances scope for card-tokenisation services

New Delhi: The Reserve Bank of India (RBI) on Tuesday enhanced the guidelines on card tokenisation services to improve the safety and ..


Financial crisis: Travancore Devaswom Board to deposit 500 kgs of gold with RBI

Alappuzha: The Travancore Devaswom Board (TDB) has initiated procedures to deposit 500 kilograms of gold with the RBI. The board, which ..


RBI to penalise banks for non-availability of cash in ATMs from Oct 1

Mumbai: Concerned over the inconvenience caused to the public due to the non-availability of cash in ATMs, the Reserve Bank has decided ..


RBI bars Mastercard from issuing new cards from July 22

Mumbai: In a major supervisory action, the Reserve Bank on Wednesday indefinitely barred the US-based Mastercard from issuing new credit, ..

urban bank

RBI issues guidelines to revive urban cooperative banks in Kerala

Thiruvananthapuram: In a move to resurrect the urban cooperative banks in Kerala, the Reserve Bank of India (RBI) annulled certain ..


RBI's to transfer Rs 99,122 cr as surplus to Centre

New Delhi: Reserve Bank will transfer Rs 99,122 crore as surplus to Centre for nine months ended March 31, 2021. The decision was ..


RBI unleashes liquidity support to suppress Covid induced turbulence

Mumbai: India's Reserve Bank will initiate measures to combat economic turbulence unleashed by the resurgence of Covid-19. In ..


RBI keeps policy rate unchanged fourth time in a row

Mumbai: Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative ..


India to fast catch up as Bitcoin surges as key asset class

New Delhi: With the overall value of all cryptocurrencies surpassing the $1 trillion mark and Bitcoin hovering around $40,000, industry ..


High inflation may make rate cut difficult even in FY22: Report

New Delhi: The Reserve Bank would have limited options for policy easing of interest rates as inflation would continue to remain at ..


RBI to decide on bank licences to corporates after due examination

Mumbai: At a time when the proposal of giving bank licenses to corporate houses has received criticism from several quarters, the Reserve ..

RBI governor

RBI maintains status quo third time in a row; keeps policy rate unchanged at 4 pc

Mumbai: Concerned over elevated inflation, Reserve Bank of India on Friday decided to leave benchmark interest rate unchanged at 4 ..


RBI asks HDFC to temporarily stop issuing new credit cards

Mumbai: The Reserve Bank has asked HDFC Bank to temporarily stop all launches of the Digital Business generating activities and sourcing ..


RBI becomes 1st central bank in the world to have 1 million followers on Twitter

Mumbai: The Reserve Bank of India's (RBI) Twitter handle achieved 1 million followers on Sunday, turning it the first central bank ..


RBI panel bats for large corporate-backed private banks

New Delhi: The Reserve Bank of India's internal working committee has recommended path-breaking reforms in the Indian banking sector, ..

Kris Gopalakrishnan

Kris Gopalakrishnan appointed RBI Innovation Hub Chairperson

Mumbai: The Reserve Bank of India (RBI) has appointed Infosys co-founder Senapathy (Kris) Gopalakrishnan as Chairperson of the RBI ..


India enters into technical recession for first time: RBI Report

Mumbai: India has technically entered into a recession with a likely contraction in its GDP during the July-September period, according ..

Shaktikanta Das

Economy showing signs of getting back to normalcy: RBI Governor

Mumbai: India's economy is showing signs of getting back to normalcy, Reserve Bank of India Governor Shaktikanta Das said on Saturday ..


Cooperative societies can't use 'bank' in name without permission

Thiruvananthapuram: As the urban and multi-state cooperative banks are brought under the direct supervision of the Reserve Bank as ..

President Ram Nath Kovind

Co-operative banks come under RBI as President clears ordinance

New Delhi: The Centre has brought urban and multi-state cooperative banks under the direct supervision of the Reserve Bank with President ..


Cooperative banks to be brought under RBI supervision

New Delhi: The government on Wednesday said all cooperative banks and multi-state cooperative banks will come under the supervision ..

 P Chidambaram

P. Chidambaram slams govt, asks why RBI is infusing liquidity

New Delhi: Former Union Finance Minister and senior Congress leader P. Chidambaram, on Saturday, slammed the central government and ..

Shaktikanta Das

RBI unleashes more firepower; cuts lending rates; extends moratorium

Mumbai: To mitigate the impact of COVID-19 induced economic fallout, the Reserve Bank of India on Friday further reduced key lending ..

thomas issac

RBI package not going to be of any good to Kerala: Finance Minister Thomas Issac

Thiruvananthapuram: An economist turned State Finance Minister Thomas Issac was least pleased after hearing the Friday statement of ..


How you benefit from RBI's moratorium on repayment of term loans - No EMI for 3 months

New Delhi: The Reserve Bank of India on Friday announced a massive 75 basis points cut in repo rates, as a measure to counter the economic ..


RBI raises CPI inflation projection to 6.5 pc for Jan-March; overall outlook 'highly uncertain'

Mumbai: The Reserve Bank of India has raised upwards its retail inflation projection for the last quarter of the current fiscal to ..


Financial system remains stable despite weakening domestic growth, says RBI

Mumbai: The Reserve Bank on Friday said the country's financial system remains stable despite slowing economic growth. The ..

kerala bank

RBI grants permission, Kerala Bank to start functioning from November 1

Thiruvananthapuram: The Reserve Bank of India (RBI) has granted permission to establish Kerala Bank by merging cooperative banks in ..


RBI plays down deepening slowdown as just 'cyclical downswing'

Mumbai: The Reserve Bank says the ongoing growth deceleration is a "soft patch mutating into a cyclical downswing", and has ..


RBI to transfer highest-ever surplus of Rs 1.76 lakh cr to govt

Mumbai:The Reserve Bank of India (RBI) on Monday approved the transfer of record Rs 1.76 lakh crore dividend and surplus reserves ..


Failed transactions will not be included as valid ATM transaction: RBI

The Reserve Bank of India (RBI) on Wednesday clarified that those transactions which fail on account of technical and other specified ..


India has 597 ATMs less in 2019 than 2017: RBI report

New Delhi: The number of ATMs in India dropped to 2,21,703 as on March 31, 2019 from 2,22,300 at the end of 2017, recording a decrease ..


RTGS can be done till 6 pm from June 1 onwards

Mumbai: The Reserve Bank of India has decided to extend the usage timings for 'Real Time Gross Settlement' (RTGS) system from ..


Bank credit up 13.24% , deposits up 10% in FY19: RBI

New Delhi: Signalling credit offtake, Reserve Bank of India data have shown banks have ended the 2018-2019 with record double digit ..


RBI removes Allahabad Bank, Corporation Bank, Dhanlaxmi Bank from PCA

New Delhi: The Reserve Bank of India (RBI) has taken off Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the Prompt Corrective ..


RBI raises collateral-free farm loan limit to Rs 1.6 lakh

Mumbai: The Reserve Bank of India (RBI) Thursday raised the limit of collateral-free agricultural loans to Rs 1.6 lakh from the current ..

Reserve Bank of India

RBI penalises UCO Bank, Axis Bank and Syndicate Bank

Mumbai: The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders -- UCO Bank, Axis Bank and Syndicate Bank ..

Manish Tewari

Govt seeking Rs 3.6 lakh crore RBI reserve to dole out freebies ahead of 2019 polls: Cong

New Delhi: The Congress Tuesday said if the government's reported proposal seeking Rs 3.6 lakh crore from the RBI fructifies, it ..


Govt cites never-used powers for resolving issues with RBI

New Delhi:The government has cited the never-before-used power of issuing directions to RBI Governor to seek a resolution to differences ..


RBI eases norms to increase liquidity flow for NBFC sector

Mumbai:The Reserve Bank of India (RBI) on Friday came out with new measures to increase the liquidity flow to non-banking financial ..


99.3% of demonetised currency returned to banks: RBI

New Delhi: As many as 99.3 per cent of the old 500 and 1,000 rupee notes, that were banned overnight in November 2016, have been returned, ..


Over 23,000 bank fraud cases involving Rs 1 lakh crore in 5 yrs: RBI

New Delhi: Over 23,000 cases of fraud involving a whopping Rs 1 lakh crore have been reported in the past five years in various banks, ..


RBI cracks down on digital currencies; plans own cryptocurrency

Mumbai: The Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies like Bitcoins and also announced a ..